Here are three collateral-free government business loan schemes for entrepreneurs and MSMEs in India:
- Pradhan Mantri MUDRA Yojana (PMMY): This scheme provides collateral-free loans to micro, small, and medium enterprises (MSMEs) in India. The loan amount can range from ₹50,000 to ₹10 lakh, and the interest rate is subsidized by the government.
- Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFSMSE): This scheme provides collateral-free loans to micro and small enterprises (MSEs) in India. The loan amount can range from ₹5 lakh to ₹1 crore, and the credit guarantee is provided by the government.
- Stand-Up India Scheme: This scheme provides collateral-free loans to entrepreneurs from scheduled castes (SC) and scheduled tribes (ST) categories. The loan amount can range from ₹10 lakh to ₹1 crore, and the interest rate is subsidized by the government.
If you are an entrepreneur or MSME owner in need of loan finance, you can explore these schemes and apply for a loan through a trusted platform like Credion. Click here to learn more and apply: https://getcredion.com/medical-financing/?am_id=zubair7666
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