New business? Avail 35% subsidy on loans and boost your startup
Good news for aspiring entrepreneurs! The central government has launched an excellent scheme to encourage young entrepreneurs. You can receive a subsidy of up to 35% on the loan amount. Let's explore more details about this amazing scheme.
FollowYoungsters prefer business over jobs due to low salaries and long hours. The government's PMEGP scheme encourages this trend.
Apply through the PMEGP scheme for a 35% subsidy on your business loan. A well-prepared project report is crucial for loan approval.
Banks offer up to Rs 10 lakhs loan for service sector businesses under the PMEGP scheme with a potential 35% subsidy.
Up to Rs 25 lakhs loan is available for manufacturing businesses under PMEGP, also with a potential 35% subsidy. Also read: Create a home theater for Rs 3,999!
PMEGP isn't just for startups; existing businesses can also use it for expansion. Contact your nearest bank for details and application.
subscribe to Asianet Newsable WhatsApp channel by clicking here.
