Who doesn't like to start their own business? We all want to be self-dependent and not keep working under someone. But it is not that easy. Starting your own business involves a great deal of hard work and capital. Without a proper plan and sufficient money in your hands, it gets challenging to start your own business. The government has now realized the importance of start-ups and has begun giving a boost to companies and contributing to the nation's GDP. Starting your own dream business is now possible with the help of these Government schemes.
PM SVANidhi
The PM SVanidhi (PM STREET VENDOR'S AtmaNirbhar Nidhi) was launched by the Ministry of Housing and Urban Affairs in June 2020. It provides the roadside vendors a secured loan of Rs 10,000, and the rate of interest is very low for one year. It was launched amidst the break of the pandemic to help the street vendors to cope with the loss of livelihood during the covid-19 lockdown. It aims at making these small vendors financially stable. This micro-credit loan facility is available for those vendors who are hawking before or from 24th March 2020. This scheme also focuses on strengthening the informal sector so that these vendors can opt for more such schemes in the future. The PM SVANidhi mobile app has also been launched for sourcing and processing loan applications.
MUDRA LOANS
The Government of India launched the Micro Units Development and Refinance Agency for providing loans to numerous micro-businesses. This loan was introduced on 8th April 2015 and provided loans up to Rs10 lakh to the non-farm small enterprises and the non-corporate sectors. Different types of loans available under the scheme are business loans, home loans, personal loans, education loans, home loans for NRI, and loans against property.
CGTMSE
The Government of India launched the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) on 30th August 2000. Both the new and existing enterprises can opt for this scheme. An interesting feature of this scheme is that it is collateral-free. It is a joint venture of the Ministry of Micro, Small &Medium Enterprises, Government of India, Bank of India, and the Small Industries Development Bank of India. This focuses on strengthening the delivery of the credit system so that it flows easily to the MSE sectors to develop the underprivileged class.
CLCSS FOR TECHNOLOGY UP GRADATION
The Ministry of Small Scale Industries launched the Credit Link Capital Subsidy Scheme for technology up-gradation in March 2007. This scheme focuses mainly on providing financial assistance to upgrade the technology of small-scale industries to increase productivity, improve the quality of products, and be environmentally friendly. The scheme offers an upfront subsidy of up to Rs.1 Crore (15% of investment costs).
NATIONAL SMALL BUSINESS SUBSIDY SCHEME
The scheme was started by the National Small Industries Corporation (NSIC). It offers Marketing Assistance, Raw Material Assistance, and Technology Upgradation. It offers the small-scale industries access to tenders without bearing any costs, and MSMEs do not have to pay any security deposits to avail of the scheme. You can import the raw materials required to run your business according to your needs and wants. It aims at developing the MSMEs throughout the country to make the nation self-reliable.
STAND-UP INDIA
The Government of India launched the Stand-up India scheme on 5th April 2016 to provide loans to the businesses run by the Scheduled Castes, Scheduled Tribes, and the women. It is being governed by the Small Industries Development Bank of India. This aims at providing loans up to an amount of Rs.1 crore to make them independent. The loan has a maximum moratorium period of 18 months and is repayable in 7 years. It focuses mainly on the manufacturing, services, and trading sectors.
UDYOGINI
Women Development Corporation implements it. It provides subsidized loans to women entrepreneurs from rural and underdeveloped areas. You don't have to pay any collateral or fee for availing this loan. Women can now establish their own business and can avail a maximum amount up to Rs.15 lakhs.
So, if you are really into starting your own business, you should go and check the websites of these schemes and start your journey of being self-reliable.
Reasonable Housing Schemes in India Various lodging plans are at present accessible all through the nation, which has been presented by the focal and state government at different purposes of time.
The public authority's remain at present for lodging is urging has it intends to accomplish 'Lodging For All' before the year's over 2022.
Given the current circumstance of land in the nation, lodging for all by 2022 sounds extremely aggressive.
In any case, there are various lodging plans right now in activity to help accomplish this.
If it is an equity scheme then the company will invest most of the money in shares; but if it is a debt scheme, in that case, the company will invest the money in several debts such as Government securities, bonds, etc.
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One Nation One Ration Card (ONORC) is a revolutionary scheme of the Modi government that will help all the poor countrymen migrating out of their domicile states for work to avail food under the PDS scheme.
We tell you more about it here.
