Are there government loan schemes (CGTMSE, MUDRA, PMEGP) I should know about before going to a bank?
The short answer
CGTMSE gets you a collateral-free loan by having the government guarantee the bank's risk, MUDRA offers small loans up to ₹10-20 lakh with minimal collateral for micro-enterprises, and PMEGP is a subsidy-linked loan scheme aimed at new self-employment ventures - all three route through regular banks and NBFCs, not a separate government lending window. Walking into a bank with your Udyam number and mentioning the specific scheme by name gets you a materially better conversation than a generic business loan ask, because the officer's approval process and risk exposure genuinely change.
A quick summary to orient you. The real value is below: the resources worth your time, from people who've actually done it, not us.
Here are the resources
Hand-picked from around the web, each with a note on why it earns your time. India-specific ones carry a badge.
3 resources3 India-specific3 link-checked
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📄 Article
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Why we picked it
An NBFC's plain-English roundup of CGTMSE, MUDRA, PMEGP, SISFS and other government schemes in one place, from a lender who actually processes applications against these schemes rather than just summarising government press releases.
Why we picked it
A fintech's step-by-step walkthrough of the actual Udyam registration process and certificate download, useful as the practical how-to companion to the eligibility explainer above.
Why we picked it
Written specifically for ecommerce sellers and D2C brands rather than generic MSME audiences, so it addresses the exact eligibility questions a D2C founder actually has (does my online-only business qualify, what documents do I need).
