Government Debt Funds
Information
The Government of India has launched many schemes that aim to bolster the entrepreneurial and business ecosystem of the country. It is a much needed support for businesses at an interest rate that is substantially low when compared with the banking system interest rates. Here are some of the Indian government debt programs that entrepreneurs may consider.
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE):
Aimed at providing collateral-free credit to micro and small enterprises.
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) facilitates credit to first-time entrepreneurs without the need for third-party guarantees.
MUDRA Loan Scheme:
Launched under the Pradhan Mantri Mudra Yojana (PMMY).
Offers loans at different stages – Shishu, Kishore, and Tarun – catering to various business needs, from startups to established businesses.
Stand-Up India:
Aimed at promoting entrepreneurship among women and Scheduled Caste/Scheduled Tribe (SC/ST) communities.
Provides bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste or Scheduled Tribe borrower and one woman borrower per bank branch.
National Small Industries Corporation (NSIC) Scheme:
Provides financial assistance through the Credit Linked Capital Subsidy Scheme (CLCSS) for technology upgradation of Small Scale Industries (SSI).
Helps in reducing the cost of production.
SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE):
Launched by Small Industries Development Bank of India (SIDBI) to provide soft loans to small businesses in the manufacturing and services sector.
Interest Subvention Scheme for MSMEs:
Offers interest subsidies to eligible MSMEs on loans taken for specified activities, encouraging entrepreneurship and industrial growth.
National Bank for Agriculture and Rural Development (NABARD) Schemes:
NABARD provides various financial assistance schemes for agricultural and rural development, supporting entrepreneurship in these sectors.
Export Credit Guarantee Corporation (ECGC) Schemes:
ECGC provides export credit insurance facilities to exporters to protect them from the risk of non-payment by buyers.
Technology Upgradation Fund Scheme (TUFS):
Aims at facilitating technology upgradation in the textile and jute industries by providing subsidized loans.
Please note that programs and policies keep changing from time to time, so it's advisable to check for the latest information by consulting with our financial experts. Entrepreneurs are encouraged to reach us to assess their eligibility, and consult with our financial experts for the most accurate and up-to-date information.