If you want to start a business but lack funds, the government has various schemes to help you.
These schemes offer financial support to entrepreneurs, allowing them to start and grow their businesses.
Pradhan Mantri Mudra Yojana
The Modi government launched the Pradhan Mantri Mudra Yojana (PMMY) to provide loans to small businesses
and entrepreneurs without any guarantee. Loans ranging from ₹1 lakh to ₹10 lakh are available under this scheme to help you get your business off the ground.
Startup India
The Startup India scheme offers numerous benefits to new businesses, including tax relief and a simplified process for obtaining licenses.
This initiative aims to make it easier for entrepreneurs to launch their startups and succeed.
Atmanirbhar Bharat Abhiyan
Through the Atmanirbhar Bharat Abhiyan, the government has introduced various measures to support industries.
A major part of this initiative was a financial package worth ₹20 lakh crore, which includes loans and financial aid for small industries, agriculture, and other sectors.
This support encourages self-reliance and boosts business growth.
Loan Schemes for Businesses During Covid-19
In response to the Covid-19 pandemic, the government introduced several loan schemes to assist industries.
One such scheme, the Pradhan Mantri Garib Kalyan Rojgar Yojana, provided businesses with easy loans and financial assistance to recover from the pandemic’s impact and restart operations.
