Top Government Schemes for Startups and Businesses in India: Unlock the Best Funding Opportunities
Starting or growing a business in India requires the right financial backing. The Government of India has introduced various schemes to support startups and businesses with funding, subsidies, and incentives. At Fair Finance, we provide expert advisory services to help you understand and apply for the most suitable schemes for your business growth.
1. Startup India Initiative
A flagship program launched by the Government of India to foster entrepreneurship, innovation, and economic growth.
- Benefits: Startups registered under DPIIT can avail of tax exemptions, self-certification compliance, and easy business setup.
- Eligibility: Any startup meeting the criteria of DPIIT can register.
- Application Process: Register on the Startup India portal, apply for DPIIT recognition, and avail of benefits.
- Required Documents: Business incorporation certificate, PAN, Aadhaar of founders.
Get Expert Guidance on Startup India
2. Pradhan Mantri Mudra Yojana (PMMY)
Provides financial assistance to micro and small enterprises under three categories:
- Shishu: Loan up to ₹50,000 for new businesses.
- Kishor: Loan from ₹50,000 to ₹5 lakh for growing businesses.
- Tarun: Loan from ₹5 lakh to ₹10 lakh for expanding businesses.
- Who Can Apply: MSMEs, small manufacturers, retailers, service providers.
- Application Process: Approach a bank/NBFC, submit a business plan, and complete KYC verification.
Consult Us for Mudra Loan Advisory
3. Stand-Up India Scheme
A scheme that supports SC/ST and women entrepreneurs.
- Loan Amount: ₹10 lakh to ₹1 crore.
- Purpose: Funding for greenfield enterprises in manufacturing, trading, or service sectors.
- Eligibility: SC/ST or women entrepreneurs with at least 51% stake in the business.
- How to Apply: Apply through the Stand-Up India portal or visit a participating bank.
Get Our Advisory for Stand-Up India Scheme
4. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Offers collateral-free credit to micro and small enterprises, making it easier to secure loans.
- Loan Amount: Up to ₹2 crore.
- Coverage: Guarantee coverage up to 85% for loans.
- Who Can Apply: New and existing MSMEs.
- Process: Approach a lender offering CGTMSE-backed loans.
Book a Consultation on CGTMSE Loans
5. Fund of Funds for Startups (FFS)
Provides equity funding to startups through SEBI-registered venture capital funds.
- Fund Size: ₹10,000 crore.
- Who Can Apply: DPIIT-registered startups.
- Benefits: Funding through venture capital firms, fostering startup growth.
Learn More About Startup Fund Support
6. SIDBI Make in India Soft Loan Fund for MSMEs (SMILE)
Encourages MSME growth by offering loans at lower interest rates.
- Loan Tenure: Up to 10 years.
- Interest Rate: Lower than market rates.
- Eligibility: Manufacturing and service sector MSMEs.
Schedule an Advisory Session on SIDBI Loans
7. Atal Innovation Mission (AIM)
A NITI Aayog initiative promoting innovation through grants and incubator support.
- Features: Innovation labs, funding for R&D, startup incubators.
- Eligibility: Entrepreneurs, research institutions, universities.
Consult Us for AIM Opportunities
8. National Small Industries Corporation (NSIC) Subsidy
Provides financial, marketing, and technological support to MSMEs.
- Benefits: Credit support, raw material assistance, skill development.
- Eligibility: Registered MSMEs.
9. Credit Linked Capital Subsidy Scheme (CLCSS)
Offers subsidies to MSMEs for technology upgrades.
- Subsidy Amount: 15% up to ₹15 lakh.
- Eligibility: MSMEs looking for tech upgrades.
10. MSME Sustainable (ZED) Certification Scheme
Encourages eco-friendly and sustainable manufacturing practices.
- Benefits: Financial support, certification.
- Eligibility: MSMEs in the manufacturing sector.
Consult Us on ZED Certification
11. TReDS (Trade Receivables Discounting System)
Enables MSMEs to access working capital through invoice discounting.
- Who Can Apply: Registered MSMEs.
- Benefits: Faster payments, improved cash flow.
Know More About TReDS Benefits
12. PSB Loans in 59 Minutes
A fast-track business loan approval scheme.
- Loan Amount: Up to ₹5 crore.
- Approval Time: Within 59 minutes.
- Eligibility: MSMEs with GST and ITR records.
Apply for Fast-Track Loan Advisory
13. Startup India Seed Fund Scheme (SISFS)
Provides seed funding to early-stage startups.
- Fund Amount: Up to ₹50 lakh.
- Who Can Apply: DPIIT-registered startups.
14. MSME Competitive (Lean) Scheme
Helps MSMEs improve efficiency and competitiveness.
- Benefits: Lean manufacturing techniques, cost reduction.
- Eligibility: Registered MSMEs.
Get Advisory on MSME Competitive Scheme
15. Single Point Registration Scheme (SPRS)
Provides exemptions and benefits to MSMEs in government procurement.
- Eligibility: Micro and small enterprises.
- Benefits: Free tender participation, EMD exemptions.
Why Choose Fair Finance?
At Fair Finance, we act as your trusted financial advisors, ensuring you make informed decisions when applying for government-backed funding schemes. We don’t provide loans directly but guide you in choosing the best options and increasing your chances of success.
Expert Consultation – Get tailored guidance on available funding options. Hassle-Free Applications – We assist in documentation and processes. Higher Success Rate – Increase approval chances with expert advisory.
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