Indian Government Schemes for Businesses

 Here’s a comprehensive list of Indian government schemes for businesses that aim to support entrepreneurs, MSMEs, startups, and large enterprises:

1. Pradhan Mantri Mudra Yojana (PMMY)

• Objective: To provide loans to non-corporate, small/micro-enterprises.
• Loan Types:
  • Shishu: Loans up to ₹50,000.
  • Kishor: Loans from ₹50,001 to ₹5 lakh.
  • Tarun: Loans from ₹5 lakh to ₹10 lakh.
• Eligibility: Micro and small businesses in manufacturing, trading, and services.
• Benefits: Collateral-free loans with flexible repayment terms.

2. Startup India

• Objective: To promote entrepreneurship and innovation in India.
• Features:
  • Tax exemptions for the first 3 years.
  • Fast-tracked patent registration and IPR protection.
  • Access to funding through the Fund of Funds scheme.
• Eligibility: Startups less than 10 years old with a turnover under ₹100 crore.

3. Stand-Up India Scheme

• Objective: To support women and SC/ST entrepreneurs.
• Loan Amount: ₹10 lakh to ₹1 crore for setting up greenfield enterprises.
• Eligibility:
  • SC/ST or women entrepreneurs.
  • Involved in manufacturing, trading, or services.
• Benefits: Collateral-free loans and handholding support.

4. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

• Objective: To provide collateral-free credit to MSMEs.
• Features:
  • Credit up to ₹2 crore.
  • Cover for loans to new and existing MSMEs.
• Benefits: Encourages banks to lend to small businesses without requiring collateral.

5. National Small Industries Corporation (NSIC) Subsidy Schemes

• Objective: To promote MSMEs by providing financial, marketing, and technology support.
• Features:
  • Raw material assistance.
  • Single-point registration for government procurement.
• Eligibility: All MSMEs registered under Udyam.

6. Atal Innovation Mission (AIM)

• Objective: To foster innovation and entrepreneurship in India.
• Initiatives:
  • Establishment of Atal Tinkering Labs.
  • Support for startups and small businesses through Atal Incubation Centers.
• Eligibility: Startups, incubators, and educational institutions.

7. Pradhan Mantri Employment Generation Programme (PMEGP)

• Objective: To generate self-employment opportunities by providing financial assistance for setting up new micro-enterprises.
• Loan Amount: Up to ₹25 lakh for manufacturing and ₹10 lakh for services.
• Eligibility:
  • Individuals above 18 years.
  • Non-farm enterprises only.

8. Make in India

• Objective: To encourage manufacturing and investment in India.
• Focus Sectors: Automobiles, electronics, pharmaceuticals, and more.
• Benefits:
  • Simplified licensing processes.
  • Investment promotion through ease-of-doing-business initiatives.

9. Digital India

• Objective: To transform India into a digitally empowered society and knowledge economy.
• Initiatives for Businesses:
  • Promotion of digital payment solutions.
  • E-marketplace support for small businesses.

10. Export Promotion Capital Goods (EPCG) Scheme

• Objective: To promote exports by allowing duty-free import of capital goods.
• Eligibility: Exporters in any industry.
• Benefits: Helps reduce production costs and improve competitiveness.

11. Production Linked Incentive (PLI) Scheme

• Objective: To boost domestic manufacturing in key sectors like electronics, textiles, and pharmaceuticals.
• Benefits: Incentives linked to incremental production and sales.
• Eligibility: Businesses in targeted sectors.

12. Coir Udyami Yojana (CUY)

• Objective: To support coir-based industries.
• Loan Amount: Up to ₹10 lakh with a 25% subsidy.
• Eligibility: MSMEs and coir artisans.

13. Women Entrepreneurship Platform (WEP)

• Objective: To promote and support women entrepreneurs.
• Features:
  • Mentorship programs.
  • Financial support through partner institutions.
  • Networking opportunities.

14. Dairy Entrepreneurship Development Scheme (DEDS)

• Objective: To promote modern dairy farming and production.
• Subsidy: 25-33% on dairy farming and equipment costs.
• Eligibility: Dairy farmers, entrepreneurs, and cooperatives.

15. ZED Certification Scheme (Zero Defect, Zero Effect)

• Objective: To improve the quality and environmental performance of MSMEs.
• Benefits:
  • Subsidized certification costs.
  • Access to technology funds and training programs.

Conclusion

The Indian government offers a wide range of schemes tailored to support businesses at every stage of growth. Entrepreneurs should identify schemes that align with their industry, scale, and goals to maximize benefits.

Pro Tip: Regularly visit government portals like MSME Portal and Startup India for updates and new schemes.