Government Schemes & MSME Funding
Discover and apply for the best government schemes, collateral-free loans, and subsidies to fuel your startup's growth.
PMEGP (Prime Minister's Employment Generation Programme)
A credit-linked subsidy scheme aimed at generating employment opportunities through the establishment of micro-enterprises.
Eligibility:
- Any individual above 18 years of age
- Passed at least VIII standard (for projects above ₹10L in manufacturing / ₹5L in service)
- New projects only (existing units are not eligible)
- Self Help Groups (including those belonging to BPL)
Pradhan Mantri MUDRA Yojana (PMMY)
Provides loans up to 10 lakhs to the non-corporate, non-farm small/micro enterprises. Classified into Shishu, Kishore, and Tarun.
Eligibility:
- Non-Corporate Small Business Segment (NCSBS)
- Proprietorship / Partnership Firms running as small manufacturing units
- Shopkeepers, fruits/vegetable vendors, artisans
- Must not be a defaulter to any bank/financial institution
CGTMSE Scheme
Credit Guarantee Fund Trust for Micro and Small Enterprises facilitates collateral-free credit to the MSME sector.
Eligibility:
- New and existing Micro and Small Enterprises
- Manufacturing or Service sector businesses
- Retail trade, educational institutions, training institutes
- Self Help Groups (SHGs)
Stand-Up India Scheme
Facilitates bank loans between 10 lakh and 1 crore to at least one SC/ST borrower and one woman borrower per bank branch.
Eligibility:
- SC/ST and/or women entrepreneurs, above 18 years of age
- Loans under the scheme are available for only greenfield projects
- For non-individual enterprises, 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
- Borrower should not be in default to any bank
Startup India Seed Fund Scheme (SISFS)
Provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
Eligibility:
- DPIIT-recognized startups incorporated within the last 2 years
- Must have a scalable business idea using technology
- Preference given to sectors like healthcare, education, agriculture, etc.
- Must not have received more than ₹10 Lakhs of monetary support from Govt
SIDBI Funding Programs
Various schemes by SIDBI like SMILE, SPEED, and SAFE to support the growth, modernization, and expansion of MSMEs.
Eligibility:
- New or existing MSMEs with a minimum of 3 years of operations (for most schemes)
- Satisfactory track record and financial position
- Sectors including manufacturing and service-oriented MSMEs
ZED Certification Scheme
Zero Defect Zero Effect (ZED) promotes manufacturing of high-quality products with minimal environmental impact, offering subsidies on certification.
Eligibility:
- All registered manufacturing MSMEs with Udyam Registration
- Commitment to quality and environmental standards
- Additional subsidies for women/SC/ST entrepreneurs
MSME Business Expansion Loans
Customized funding solutions for scaling operations, purchasing machinery, and managing working capital for growing businesses.
Eligibility:
- Operational for at least 2-3 years with positive net worth
- Stable cash flows and healthy CIBIL score
- GST registration and filed IT returns