Government Loan Schemes for Small and medium businesses

There are many schemes government runs for small scale and medium enterprises to build their businesses by availing these loans to exand their business. Here we are listing few schemes information below:

Ministry of Micro, Small & Medium Enterprises provides a scheme for working capital loan up to an amount of Rs. 1 carore(with and interest of 8%). For women enterpreneurs 3% of the applications are reserved to encourage women of country to grow and become successful in business. To get more detail and register your business for this scheme please visit here.

Credit Guarantee Schemes for Subordinate Debt offers schemes for small and medium businesses. Visit here to know more about CGTMSE. And visit here to know more about credit gurantee schemes.

National Small Industries Corporation Subsidy facilitates the growth of small enterprises since 1955. NSIC is governemnt certified enterprise under MSME. It facilitates Micro, Small, and Medium Enterprises with a set of specially tailored scheme to enhance theri competitivenesss. NSIC also provides support in marketing, technology, Finance and other services. Some of the facilities provided by NSIC are listed below:

• Credit facilitation through bank
• Raw material assitence
• Single point registration
• Informediary Services
• National Scheduled Caste and Scheduled Tribe Hub
• Procurement and marketing support scheme
• NSIC Infrastructure
• Skill Development and Services
• Material testing labs
• Marketing intelligence

Micro units development & refinance agency (MUDRA) The vision of MUDRA is stated as "To be an integrated financial and support services provider par excellence benchmarked with global best practices and standards for the bottom of the pyramid universe for their comprehensive economic and social development."
MUDRA MISSION: "To create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security."
Pradan Mantri MUDRA Yojna(PMMY): Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
Micro Credit Scheme: Micro Credit Scheme is offered mainly through Micro Finance Institutions (MFIs), who deliver the credit up to 1 lakh, for various micro enterprise / small business activities. Although the model of delivery may be through SHGs/JLGs/ Individuals, the loans are given by the MFIs to individual entrepreneurs for specific income generating micro enterprise/ small business activities.
MUDRA Card: MUDRA Card is a debit card issued against the MUDRA loan account, for working capital portion of the loan. The borrower can make use of MUDRA Card in multiple drawals and credits, so as to manage the working capital limit in cost-efficient manner and keep the interest burden minimum. MUDRA Card also helps in digitalization of MUDRA transactions and creating credit history for the borrower. MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro ATM and also make payment through any ‘Point of Sale’ machines.
Interest Subvention Scheme for MUDRA - Shishu Loan: Visit here to details about scheme.