From MSMEs to Startups: Govt Loan Schemes Offering Easy Credit

The central government offers various loan schemes for needs like starting a business, agriculture, and education. People can benefit by getting low-interest or interest-free loans.

Interest-free loan

Many hesitate to take loans for business or education due to interest. But many don't know about low-interest or interest-free loans from government schemes that help people grow.

Government loan schemes

The PM SVANidhi scheme helps urban street vendors. An initial loan of ₹10,000 is given. If repaid on time, it can be increased to ₹50,000. It's a very low-interest loan.

PM Vishwakarma Yojana

PM Vishwakarma Yojana is for traditional artisans. The beneficiary pays only 5% interest; the government covers the rest. No collateral is needed. Aid for training is also given.

Kisan Credit Card

The Kisan Credit Card scheme is key for farmers. The 9% interest drops to 7% with a subsidy. Timely repayment gives another 3% off, making it nearly interest-free.

Education loan subsidy

An interest subsidy on education loans is available for weaker students. The government covers interest during studies. Apply via the Jan Samarth portal. Don't delay payments.