Business & Finance
Business and Finance
Business and Finance
Mon, January 6, 2025 
Top 5 government loan schemes for business owners in 2025
- Various government loan schemes like MSME Loan and PMMY help entrepreneurs secure necessary funds for growth and job creation. These programs cater to different business needs, ensuring inclusive economic development while requiring careful consideration of terms and application processes.
- Pradhan Mantri Mudra Yojana (PMMY) - This scheme provides loans up to ₹10 lakh to micro and small enterprises without the need for collateral, categorized into Shishu, Kishore, and Tarun based on the loan amount.
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) - It offers credit guarantee cover to banks and financial institutions for loans up to ₹2 crore, reducing the risk for lenders and encouraging them to lend to small businesses.
- Stand-Up India Scheme - Aimed at promoting entrepreneurship among women, SC/ST communities, and economically disadvantaged sections, it facilitates loans between ₹10 lakh to ₹100 lakh for setting up new enterprises.
- Startup India Initiative - This initiative provides tax benefits, easier compliance, and funding support through the Fund of Funds for Startups (FFS) and the Startup India Seed Fund Scheme, targeting innovation and startup culture.
- Emergency Credit Line Guarantee Scheme (ECLGS) - Although initially introduced as a response to the economic impact of the COVID-19, it continues to offer additional credit to businesses, particularly MSMEs, to help them manage liquidity and operational costs.
Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/general/top-5-government-loan-schemes-for-business-owners-in-2025/ar-AA1x1vCX ]
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