Government Business Loan Scheme in Hindi Government Business Loan Scheme: In this article, we will provide information about the upcoming business loan schemes provided by the government. If you want to take advantage of these business loan schemes, then you should first know that What is Business Loan, Various types of startup business loan schemes (Government Subsidy Loan for Business) are being run by the Government of India. Those who are starting their new business can take advantage of these business loan schemes.
If you also want to take a business loan in 2022, then in this article we will know in detail what is the government business loan scheme, what is the interest rate, eligibility, documents of these loans and how can we apply for these business loan schemes. etc., so you read this article till the end.
Also read: HDFC Bank Business Loan
Government Business Loan Schemes in Hindi 2022
business loan Secured & Unsecured loan It is of both types. Any bank or financial institution checks the credit history of the customer before giving a business loan, so your CIBIL Score Must be very good. If you fulfill all the conditions of the lender then you are attractive. business loan interest rate But you can get business loan. If you are an existing customer of any bank then you can get instant business loan.
Whether your business is small or big, you can take a startup business loan from any bank. In these Pradhan Mantri Business Loan Scheme 2022 run by the government, you are also provided with subsidy on business loan. If you have a question that whether to take a loan to start a new business and how to get a loan for business, then you can take advantage of these startup business loans of the government.
Also read: Bandhan Bank Business Loan
MSME and Startup Business Loan Schemes of Government of India
Given below are some important business loan schemes run by the Government of India, with which you can start your business:
- Pradhan Mantri Mudra Yojana
- Startup India
- PSB/MSME Loans in 59 Minutes
- National Small Industries Corporation (NSIC) Subsidy
- stand-up india
- Credit Guarantee Scheme (CGS)
- bank credit facility scheme
Also read: IIFL Business Loan
1. Pradhan Mantri Mudra Yojana
This scheme was started by the Government of India in the year 2015. You can take advantage of Pradhan Mantri Mudra Loan Scheme by visiting almost any bank or financial institution in the country. The main objective of this scheme is to provide loans to the people for all types of business. The main features of Pradhan Mantri Mudra Loan Yojana are as follows:
- This loan is mainly used for small businesses and startups.
- This loan is provided for the industries falling under Non-Corporate Small Business Sector (NCSBS).
- Under this scheme you can get loan up to Rs.10 lakh.
- Women are given a rebate in the interest rate on taking this loan.
- The scheme is headed by MUDRA (Micro Unit Development and Refinance Agency).
- The following entities can avail benefits under NCSBs:
- small industry
- artisans
- small manufacturing units
- Service Sector Units
- truck operator
- food service units
- repair shops
- shopkeeper
- fruit/vegetable seller
- machine operator
- a food processor
- You can go to any bank or apply for Mudra Yojana. official website You can apply for this scheme by visiting
Also read: Lendingkart Business loan
2. Startup India
The Government of India has started the Startup India Scheme to promote startups. The main objective of this scheme is to develop the economic development of the country and to develop employment on a large scale. Government of India provides instant loan for startup development under this scheme. By joining this business loan scheme of Government of India, you can get loan at attractive interest rate.
3. PSB/MSME Loans in 59 Minutes
This business loan scheme was launched by the Prime Minister of India in the year 2018. This is a small business loan scheme. Under this scheme, your loan up to Rs 5 crore gets passed in just 1 hour. To apply for this scheme, the government has released the official portal psbloansin59minutes.com has also been launched. The loan amount under this loan starts from Rs 1 lakh up to Rs 5 crore.
Also read: Mahindra Finance Business loan
4. National Small Industries Corporation (NSIC) Subsidy
The government has launched this scheme for small industries. Under this scheme, mainly two types of financial benefits are provided, marketing assistance and raw material assistance. You do not need to make any security deposit to take advantage of this business loan scheme.
5. Stand-up India
This scheme was started in the year 2016 which is governed by Small Industries Development Bank of India (SIDBI). Under this scheme, a loan ranging from Rs 10 lakh to Rs 1 crore is given to the beneficiary. This scheme has been started for people belonging to Scheduled Castes, Scheduled Tribes, Backward Classes and women entrepreneurs. If people falling under these categories are not able to start their own business, then the central government helps them.
Also read: Bajaj Finance Business loan
6. Credit Guarantee Scheme (CGS)
Credit Guarantee Scheme for Micro and Small Enterprises by the Government of India (CGSMSE) has been started to strengthen and facilitate the industries of MSME sector of the country. This is the business plan of the government for those who want to do micro and small scale industries.Government Business Loan Scheme) has been started. You can apply for this scheme by visiting any public, private or rural bank in the country. Under this scheme, 85% credit facility is provided to micro enterprises for loans up to 5 lakhs.
7. Bank Credit Facility Scheme
Loans are provided under this scheme for micro and small scale industries. The loan given under this scheme is given by the National Small Industries Corporation (NSIC). National Small Industries Corporation provides this loan to the customer through the bank.
Also read: Axis Bank Business Loan
Government Business loan Documents required
Documents can be of different types for different plans. Therefore, to check the documents, you should first check by visiting the official website of that scheme or you can go to your nearest bank and get information about the documents. Some common documents are given below:
- Duly filled and signed application form
- KYC Documents (Business Entity Proof, Partnership Deed, Incorporation Certificate, Shops and Establishment Certificate, Articles of Association (AOA))
- pan card
- financial situation
- proof of residence
- proof of income
- bank statement
- Photo
- Aadhar card
- mobile number
Also read: ICICI Business Loan
Eligibility for Government Business Loan
The eligibility for different types of loans is different. You can get information about the eligibility of these business loans by visiting your nearest bank or financial institution. There is an option of eligibility on the official website of some lender from where you can calculate your eligibility.
Anyone can take advantage of business loan, salaried and self employed. Whether your business is small or big, you can take a loan according to your business. The age of the applicant for business loan is generally between 25 to 66 years. The eligibility of the applicant depends on the customer’s age, income, payment status, place of residence, business status, CIBIL score among other factors.
Also read: Bank of India Business Loan
How to apply for Government Business Loan?
Most of the business loans are provided by banks and financial institutions. To apply, you have to visit the nearest branch of the bank or financial institution. You can easily apply for a business loan by visiting the nearest branch and contacting the lender.
Some lenders provide the facility to apply for the loan online through the official website. All you have to do is visit the official website of the lender, then click on Apply online option and fill the form. You can also call the customer care number of the lender Government subsidy loan for Business in Hindi can apply for.
Also read: SBI Business Loan
Conclusion
In this article, we have given you some important business loan schemes run by the Government of India.Government Business Loan Scheme) information is provided. Under these schemes, mainly micro, small and medium sized industries have been covered. You can apply for these subsidy business loan schemes by visiting the official website of these schemes.
Anyone can take a loan to start a business by reading this article. If you still have a question in your mind that how to take loan 2022 to start a new business, then you can write to us in the comment. Hope friends, you have found this article informative. If you liked this article then please share it with your friends.
Also read: Shriram Finance Business loan
Questions related to government business loan scheme:
Ans. When we take a loan to start our business or to meet any expenses related to the business, then it is a business loan.
Ans. Business loan schemes are being run by the government mainly for Micro, Small and Medium Enterprises (MSME), about which information has been given in this article.
Ans. This is a financial assistance scheme of the Government of India, under which any person can get financial help from the government for his business. Under this scheme, the government provides a loan of 50 thousand to 10 lakh rupees to the beneficiary.
Ans. Its full name is Ministry of Micro, Small and Medium Enterprises (MSME). This is a small scale business. All types of micro, small and medium industries come under this category.
Ans. Complete information about applying in these loan schemes is given in this article.