The central government is trying to promote small businesses and make the youth job providers instead of job seekers. The government wants to take the country to economic progress by increasing small entrepreneurs. That is why Prime Minister Narendra Modi often talks about making a self-reliant India. The government is providing loans without guarantee as financial assistance to the youth doing business. The government is giving loans ranging from Rs 10 lakh to Rs 1 crore. For this, you have to choose what kind of loan you want to take.

The Government of India has many types of loan schemes. The purpose of this is to make small businessmen self-reliant. Apart from this, the aim is to empower new business entrepreneurs, promote economic development, and create employment. If you are in the mood to do business in 2025 and you do not have money, then there is no need to worry. Because the central government is providing business loans to expand your new business or business. Let us know which loan schemes the government is providing.

There are many facilities available including no guarantor, and low interest rates.

The special thing is that many types of facilities are available on government loans. You get more loans at low interest rates. A guarantee-free loan means you get a loan without pledging the property. You do not have to worry much about taking a loan. Many such facilities are available for taking government loans. Let us know about the five loan schemes of the government under which you can take a loan.

MSME Loan Scheme

Pradhan Mantri Mudra Yojana

National Small Industries Corporation

Loan-linked Capital Subsidy Scheme

SIDBI Loan

1. MSME Loan Scheme

This loan is given to promote micro, small, and middle-class and small businesses. This loan is given to the businessman up to Rs 1 crore without any guarantee. Under this scheme, an interest rate of 8% has to be paid. This loan is received in the entrepreneur's account within 12 days. This is for those businessmen who want to start their own business.

2. Pradhan Mantri Mudra Yojana (PMMY)

PMMY is a loan available to micro and small enterprises without any guarantee. PM Mudra Yojana was started in the year 2015. If you want to start a business, then you can apply for a loan through this scheme. This scheme is divided into three categories. Shishu loan, Kishor loan, and Tarun loan are given. You can take a loan from fifty thousand to 10 lakh rupees. Under this scheme, the interest rate ranges from 9 to 12 percent. You can apply for this scheme by going to the nearest bank. Apart from this, you can also apply online. For this, you will have to provide an Aadhar card, PAN card, resident proof, photo, business plan, and other documents.

3. National Small Industries Corporation (NSIC)

National Small Industries Corporation (NSIC) provides loans to small and medium enterprises (MSME). The interest rates charged on MSME loans vary from one bank to another. Generally, National Small Industries Corporation offers interest rates ranging from 10.50% to 12.00% per annum. NSIC is one of the best government schemes for small enterprises and is very popular.

4. Credit-Linked Capital Subsidy Scheme

This scheme provides subsidized financing to firms that want to update their technology. Cooperatives, private or public limited businesses, partnerships, and sole proprietorships can apply under this scheme. CLCSS is best for business owners who want to increase productivity and make processes more modern. They can take a loan under this.

5. SIDBI Loan

MSMEs can take direct or indirect loans from the Small Industries Development Bank of India (SIDBI). Small Industries Development Bank of India (SIDBI) runs this scheme. Its objective is to provide loans to meet the loan-equity ratio required for setting up new MSMEs. The interest rate in this scheme is 8.36 percent. New businesses in the construction and service sectors along with the board can take advantage of this scheme. Under this scheme, a loan of Rs 25 lakh to Rs 1 crore is available. This has to be repaid within 10 years. This loan is taken to run big companies.

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