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How to Secure Funding Through Government Schemes for Business?
- Government schemes for businesses provide structured access to credit without traditional hurdles like collateral and high interest rates.
- Agriculture Infrastructure Fund (AIF) supports post-harvest and farm-gate infrastructure with loans up to ₹7.5 crore and interest subvention.
- Credit Guarantee Scheme for Startups (CGSS) offers collateral-free credit up to ₹10 crore for DPIIT-recognised startups, encouraging growth and innovation.
- CGTMSE guarantees collateral-free loans of up to ₹5 crore for micro and small enterprises in manufacturing and services.
- PMEGP provides capital subsidy for new micro-businesses, with funding up to ₹50 lakh for manufacturing projects and ₹20 lakh for service projects.
- PM FME Scheme supports micro food processing businesses with credit-linked grants, infrastructure development, and relaxed repayment terms.
- Stand Up India Scheme aids SC/ST and women entrepreneurs with loans ranging from ₹10 lakh to ₹1 crore, promoting inclusivity in entrepreneurship.
- PM Mudra Yojana offers tiered funding from ₹50,000 to ₹10 lakh for micro businesses in manufacturing, trading, and services.
- Applying for these schemes involves identifying the right scheme, checking eligibility, preparing documents, and submitting applications through official channels.
- Government schemes for businesses offer entrepreneurs the opportunity to secure funding for various needs like infrastructure, working capital, and growth.
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