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    EDE Assingment 9

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    jhon cena
    Government schemes in India focus on providing subsidized capital to encourage entrepreneurship. Some of the most viable startup schemes described are: 1) MUDRA provides loans up to 5 lakh rupees with no collateral required for manufacturing, trading or agricultural services. 2) NABARD provides financing to agriculture, cottage and village industries, as well as integrated rural development projects with subsidies up to 90% of costs. 3) The Credit Guarantee Scheme provides business loans up to 100 lakhs for micro and small enterprises with no collateral required and subsidized interest rates.

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    EDE Assingment 9

    Uploaded by

    jhon cena
    333 views3 pages
    Government schemes in India focus on providing subsidized capital to encourage entrepreneurship. Some of the most viable startup schemes described are: 1) MUDRA provides loans up to 5 lakh rupees with no collateral required for manufacturing, trading or agricultural services. 2) NABARD provides financing to agriculture, cottage and village industries, as well as integrated rural development projects with subsidies up to 90% of costs. 3) The Credit Guarantee Scheme provides business loans up to 100 lakhs for micro and small enterprises with no collateral required and subsidized interest rates.

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    EDE assingment 9

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    Government schemes in India focus on providing subsidized capital to encourage entrepreneurship. Some of the most viable startup schemes described are: 1) MUDRA provides loans up to 5 lakh rupees with no collateral required for manufacturing, trading or agricultural services. 2) NABARD provides financing to agriculture, cottage and village industries, as well as integrated rural development projects with subsidies up to 90% of costs. 3) The Credit Guarantee Scheme provides business loans up to 100 lakhs for micro and small enterprises with no collateral required and subsidized interest rates.

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    Download as pdf or txt
    333 views3 pages

    EDE Assingment 9

    Uploaded by

    jhon cena
    Government schemes in India focus on providing subsidized capital to encourage entrepreneurship. Some of the most viable startup schemes described are: 1) MUDRA provides loans up to 5 lakh rupees with no collateral required for manufacturing, trading or agricultural services. 2) NABARD provides financing to agriculture, cottage and village industries, as well as integrated rural development projects with subsidies up to 90% of costs. 3) The Credit Guarantee Scheme provides business loans up to 100 lakhs for micro and small enterprises with no collateral required and subsidized interest rates.

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    of 3

    Practical No: - 9

    Aim :- Compile the information from government agencies that will help you to setup a
    business enterprise.

    Government schemes for businesses in India mainly focus on providing the much needed capital
    for investment at subsidised interest rates, which in turn encourages people to realise their dreams
    with their own ventures. Although there are tons of schemes available, here’s looking at 10 of the
    most viable startup schemes.

    1) MUDRA – The Micro Units Development and Refinance Agency or MUDRA, is a flagship
    program by the government of India to provide funds to micro and small enterprises. What sets
    MUDRA apart from other loan schemes is the fact that no collateral is required to avail this loan.
    It is applicable for manufacturing, trading, and even allied agricultural services. It has 3 modules,
    Shishu (loan up to 50,000), Kishor (Loan between 50,000 and 5 lakh) and Tarun.

    2) NABARD – The National Bank for Agriculture And Rural Development, or NABARD,
    for short, is primarily aimed towards providing credit benefits to agriculture as well as other cottage
    and village industries. It also provides finance to lending institutions in villages. With schemes for
    food processing plants and integrated rural development, NABARD works in conjunction with the
    RBI to implement and regulate financial assistance in rural areas. Its Dairy
    Entrepreneurship Development scheme offers up to 90% of the project cost .

    3) Credit Guarantee Scheme – The CGTMSE (Credit Guarantee Fund Trust for Micro and
    Small Enterprises) was set up by the Government of India to provide business loans to micro and
    small industries, with zero collateral. This means that new and upcoming startups can avail loans
    at highly subsidised interest rates without providing any security. Working along with SIDBI
    (Small Industries Development Bank of India), the government provides a maximum amount of
    up to 100 lakhs under this scheme, for boosting new enterprises as well as rehabilitating existing
    ones. Primarily for manufacturing units, this loan can be availed in the form of working capital or
    term loan.
    4) Stand Up India Scheme – Launched in 2016, this scheme was implemented to cater to
    women entrepreneurs, as well as those from SC and ST communities. Ranging from 10 lakh to 100
    lakh, it is available for Greenfield ventures in manufacturing, trading, and service units. Under this
    scheme, it is mandatory for every bank to lend money to at least one woman entrepreneur and one
    SC/ST unit per branch. In case of non-individual businesses, the woman entrepreneur must hold at
    least a 51% stake in the unit. The loan can be provided as working capital with a maximum return
    period of 7 years.

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