How to Get New Business Loan from Government in 2021?

Do you want to take a loan to start your new business? Not only you, but many middle-class people also want a loan from the government to start their own business. But most people do not know how to take a loan to create a new business.

Keeping this problem of you people in mind, today we will tell in detail in this article how you can get a loan from the government for any new business.

If you do not know anything about this subject, then let me tell you one thing: India’s Government has started more than 10 business loan schemes for every single Indian. Every small and big business person can take a maximum loan from the government by showing their business module to the government.

So do you want to know which government business loan scheme is there in 2021, which can benefit you?

How to Get Loan to Start New Business?

As you know, for the first time for any new business, every businessman needs some loan. For this, any businessman can take loan directly from the bank and through any government scheme. Out of which it is easy to take a loan from any scheme from the government, and the interest of the loan is less than any bank loan.

That is why we always encourage you to take a business loan from the government.

So the government loan that is available from the government to start a new business, we have criticized in detail in the following paragraphs.

Pradhan Mantri Mudra Loan Scheme 2021:

This was prepared by the Pradhan Mantri Mudra Loan Scheme “Micro Units Development and Refinance Government New Fashion.” Through this scheme, the Government of India provides neya business loan to every micro business person after considering his company’s capital.

The interest of this micro and small business plan is much less than Anna’s Business Loan.

loan categoryhow much loan will I get
Kishore loanLoan from 50,000 to 5,00,000 is available.
Shishu loan50,000 loan can be availed.
Tarun LoanLoan from 5,00,000 to 10,00,000 is taken.

What are the criteria to be followed for Pradhan Mantri Mudra Loan Yojana?

You can apply loan for any new and old business under Pradhan Mantri Mudra Loan Business Scheme. For example, if you have any public company and any partnership firm, you can get a business loan under this Mudra scheme for every type of business plan.

Udyogini Yojana:

Tara of Pradhan Mantri Mudra Loan Yojana, Udyogini Yojana provides loans for any small or big women business. The Government of India has started this scheme only for women’s businesses.

Under this scheme, if any woman businessman can show the complete module of her new business to the government in a good way, a loan of up to two maximum of 15,00,000 rupees can be given. To apply in this Udyogini scheme, the bias of every woman should be from 18 to 55.

If you have already taken another business loan for any business, you will find one thing that to apply in most government loan schemes, your business has to show annual income. But to use in this Udyogini Yojana, no woman needs to pay her yearly income and any processing fee to get this loan.

So if you are a woman businessman and you need any big loan for your business, then you can easily apply for this Udyogini Yojana and take the low-interest loan for your new business.

Credit Guarantee Fund Scheme for Micro and Small Enterprises :

“Credit Guarantee Fund Scheme” is a good and profitable loan scheme for small businesses, started by the Government of India for Neha and Purana Enterprises. Under this scheme, every MSME sector company can quickly get a loan. This scheme has been started mainly targeting small industries, which are operated by the Ministry of MSMEs.

The star of Udyogini Yojana, this scheme is also for women entrepreneurs. This scheme works on working capital loans and gives loans up to ₹ 20 lakh to each company.

What is the Eligible Criteria For Credit Guarantee Fund Yojana2021?

Like other government new loan Yojana, this credit guarantee fund Yojana also has some eligibility criteria that you must know before applying for this scheme.

This scheme manufactures industrial activities like Mini training institutions, self-help groups, many retail trades, etc. If you are an owner of these manufacturing activities, you can apply for this new business credit fund scheme.

Start-Up India Scheme:

This "Start Up India Loan Scheme" is a good scheme to start any new business, which is run by the Government of India.

Through this scheme, the Government of India has given a loan to every scheduled caste/scheduled tribe and every woman running a business. This government loan can be found from every bank in India. Under this scheme, a business loan of 10 lakh to one crore is given to each applicant, provided to you by sending it over your business model.

The best feature of this scheme, except all this other information, is that if you have any loan section under this Startup India loan scheme, you have to pay up to 75% of the loan amount erroneously in return.

What is the eligibility of Start Up India Scheme?

If you want to take the facility of the Startup India scheme, then you have to hold at least 51% of your company’s shares. It will have to be one of the thief’s company trading, manufacturer, and other small industrial companies.

FAQs of some government scheme

How to get a loan for business?

If you want any loan for your business, you will first have to go through all the government business plans. 
After that, you can find anyone schemes according to your choice and apply for a loan.

How will poor people get loans?

If any poor person goes to the bank with a good business plan, he will quickly get any business loan.

How much loan can I get for any new business?

If your business friend is good, you will get a good business loan scheme from the government, whose limit can be from 50 lakhs to one crore.

How to get a loan to start a new business?

If you have a good business plan, you can go to any bank with this plane and apply for a business loan.

How to get a business loan for women?

If you want to know about any women’s business loan scheme, then you can go through this whole article of ours in a good way.

Conclusion:

As you can see, today in this article we have discovered about some government scheme which you will need to start any new business. If you have all this and need any information regarding taking a loan to start any new business, you can delete your problem in the below comment box.

Leave a Comment