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myscheme.gov.in

3 resources from myscheme.gov.in we point founders to, and the questions each answers.

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The government's own summary of PMEGP, the credit-linked subsidy for new micro enterprises run by KVIC: the subsidy is 15% of project cost in cities and 25% in villages for general applicants, and 25% and 35% for special categories, on projects up to Rs 50 lakh in manufacturing and Rs 20 lakh in services.

Prime Minister's Employment Generation Programme (PMEGP)

From myscheme.gov.in by Ministry of MSME, on myScheme Scheme page

  • General applicants put in 10% of project cost; special categories put in 5%.
  • The maximum project cost for the subsidy is Rs 50 lakh for manufacturing and Rs 20 lakh for a business or service unit.
  • Projects costing up to Rs 10 lakh under PMEGP need no collateral, per the page.
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Answers What are some good low-investment business ideas in India? Which business can a woman start in India with low investment? How do I start a xerox and printing shop? How do I start a packaged drinking water business in India? How do I start a laundry or laundromat business? How do I start an agarbatti (incense stick) business in India? How do I start a packaging business in India? How do I start an edible oil business in India?
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The official description of Mudra loans for non-farm micro enterprises in manufacturing, trading and services: loans up to Rs 20 lakh in four tiers (Shishu, Kishore up to Rs 5 lakh, Tarun up to Rs 10 lakh, and Tarun Plus up to Rs 20 lakh for those who repaid a Tarun loan).

Pradhan Mantri Mudra Yojana (PMMY)

From myscheme.gov.in by Ministry of Finance, on myScheme Scheme page

  • Mudra covers small business loans up to Rs 20 lakh through banks and NBFCs.
  • Tarun Plus (up to Rs 20 lakh) is only for borrowers who have repaid an earlier Tarun loan.
  • Applications up to Rs 5 lakh should be decided within two weeks, per the banking code the page cites.
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Answers What are some good low-investment business ideas in India? Which business can a woman start in India with low investment? How do I start a xerox and printing shop? How do I start a travel agency in India? How do I start a laundry or laundromat business? How do I start an agarbatti (incense stick) business in India? How do I start a hardware store in India? How do I start a photography business? How do I start a juice shop in India? How do I start a cab business with Uber or Ola in India?
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The official page for Stand-Up India, which facilitates bank loans of Rs 10 lakh to Rs 1 crore (term loan plus working capital) for a new enterprise set up by a woman or an SC or ST entrepreneur holding at least 51% of it, in manufacturing, services, trading or allied agriculture.

Stand-Up India scheme

From myscheme.gov.in by Ministry of Finance, on myScheme Scheme page

  • Loans run from Rs 10 lakh to Rs 1 crore and can cover up to 85% of project cost.
  • The enterprise must be greenfield and at least 51% held by a woman or an SC or ST entrepreneur.
  • SIDBI's Stand-Up Mitra portal offers help with project reports and applications.
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Answers Which business can a woman start in India with low investment?
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