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Startup Loan by Government
- Indian government schemes provide essential financial resources to a wide range of small and medium Enterprises and millions of MSMEs, including promoting entrepreneurship, innovation, and economic growth.
- Specialized government loan programs are introduced for MSMEs.
- PradhanMantri Mudra Yojna (PMMY) provides small loans of up to Rs.50,000 for Shishu, Rs.5 lakhs for Kishore and Rs.10 lakhs for Tarun for micro and small business owners to turn their aspirations into reality.
- Government offers substantial marketing support by organizing consortiums for tender marketing, exhibitions, and trade fairs, which helps increase visibility and market access for MSMEs under the National Small Industries Corporation (NSIC).
- Credit Link Capital Subsidy Scheme for Technology Upgradation (CLCSS) helps small businesses upgrade their technology and equipment and provides financial incentives.
- Udyogini is an initiative specially designed to empower women entrepreneurs in India by providing loans up to Rs. 15 lakhs to meet their capital and operational needs.
- Key benefits include competitive interest rates, flexible repayment options, zero processing fees and no collateral requirements.
- These initiatives have helped small businesses boost economic growth through providing essential funding.
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