PM Mudra Loan Scheme- In the modern era, everyone wishes to earn money by starting a startup. Most people dream of earning income by starting their startup. If you do not have the budget to start a startup, do not worry. Many public welfare schemes have been started in India to promote this.
You must be wondering which schemes you can use to start a startup. Skilled leadership and adequate funds are also needed to make this idea come true. The first is credit history. Lenders consider it appropriate to provide loans only to those startups. If you cannot repay the loan, you will not be able to get the benefit of government schemes. Therefore, you must know the eligibility of the schemes below in detail, where all the confusion will end.
PM Mudra Loan Scheme is also helpful.
Do you know that if you want to start any business, the PM Mudra Loan Scheme is proving to be a boon? The government started this scheme in 2015 to give a loan of Rs 10 lakh to non-corporate and agricultural small micro-enterprises. The government has now increased this amount to Rs 20 lakh. Three types of loans can be taken under this scheme. These include the Shishu loan, Kishor loan and Tarun loan. You can apply for a loan at the bank.
Start business with the Stand Up India scheme.
The central government started the Stand Up India scheme in 2016. According to this scheme, Scheduled Castes, Scheduled Tribes and women get loans. The loan limit is fixed from a minimum of Rs 10 lakh to a maximum of Rs 1 crore. It has been implemented for government new projects (Greenfield Projects). If you want to apply for a loan, you must be over 18 old. Along with this, it has to be a Private Limited, LLP, or Partnership firm. For this
Credit Guarantee Fund Scheme will also be a boon.
The government started this scheme in 2016. The purpose of this scheme is also to help people in the field of startups. The scheme works to provide loans without guarantee to recognized startups. Due to this, there is no problem of any kind.
Pradhan Mantri Rojgar Srijan Karyakram.
This government scheme will also help entrepreneurs a lot. The scheme provides financial help for setting up new micro-enterprises and generating employment in rural and urban areas. The loan limit is also fixed. The loan limit for the construction sector is Rs 25 lakh. The loan limit for the service sector is Rs 10 lakh. Talking about eligibility, the minimum age of the person should be 18 years, and the educational qualification should be at least 8th pass.