Entrackr- Government Funding For Startups In India

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Know The Schemes Of Government Funding For
Startups In India Technology News

• With the increasing number of startups in India,
  efforts are being made by the government to
  provide the necessary support for their growth
  and expansion. If you are an entrepreneur,
  seeking funds to manage and grow your startup,
  know the following schemes of Government funding
  for Startups in India.
• According to Technology News, These are the
  following schemes for Government funding for
  startups in India.

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News Banks Schemes
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These are the following schemes for Government
funding for Startups in India.

• Credit Guarantee Scheme (CGS)
• One of the most popular Government funding for
  Startups in India, CGS offers collateral-free
  credit to micro-industries and business startups.
  This scheme covers low-interest rates with a
  maximum cover of 100 lakhs. As covered in
  Technology News, CGS runs under SIDBI (Small
  Industries Development Bank of India) which
  caters to strengthen and rehabilitate small
  businesses.
• MUDRA Loan Scheme
• Another example of Government Funding for
  startups in India is Micro Units Development and
  Refinance Agency Loan Scheme or MUDRA which
  provide funds to micro-units of small businesses.
  This scheme also offers a collateral-free line of
  credit. According to Technology News, These loans
  are designed according to the particular stage of
  business and funding needs of the loan seeker.

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Stand up India Scheme

• Stand up India Scheme
• This particular Government Funding for Startups
  in India offers loans between Rs 10 lakhs to 1
  crore to the manufacturing or services sector
  While Technology News also mentions - This scheme
  is launched to empower women entrepreneurs from
  backward castes like SC/ST.
• Bank Credit Facilitation Scheme
• This Government funding for Startups in India
  scheme is launched by NSIC to fund MSMEs in
  India. According to Technology News, The credit
  repayment period depends on the generation of
  income. It extends a repayment period of up to 11
  years.

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