Top 5 Government Schemes for Startups and Businesses In India
By Anshika Verma02, Jan 2025 02:26 PMjagranjosh.com
Government Startup Schemes
Several government schemes are designed to nurture innovation, facilitate funding, and offer guidance to emerging businesses across diverse sectors.
Atal Innovation Mission (AIM)
An initiative by NITI Aayog to promote a culture of innovation and entrepreneurship, offering funding and support to startups in sectors like health, agriculture, and education.
Startup India Seed Fund Scheme (SISFS)
Issues financial support to early-stage startups for proof of concept, prototype development, and product trials, with grants up to ₹50 lakh.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
It offers collateral-free loans up to ₹1 crore to new and existing micro and small enterprises, facilitating easier access to credit.
Pradhan Mantri Mudra Yojana (PMMY)
Provides loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises, promoting entrepreneurship among individuals from all economic backgrounds.
Stand-Up India Scheme
Facilitates loans between ₹10 lakh and ₹1 crore for SC/ST and women entrepreneurs to encourage a diverse entrepreneurial landscape in India
7 New Year Resolutions That Could Improve Your Life