Government Business Loan Schemes
To encourage youth to become job creators rather than job seekers, the Central and State Governments offer many loan schemes with low interest rates and subsidies.
1. PM MUDRA Yojana
Collateral-free loan up to ₹10 lakh. Three categories: Shishu (₹50K), Kishor (₹5L) and Tarun (₹10L).
2. PMEGP Scheme
For manufacturing and service sector, loans up to ₹50 lakh with 15% to 35% subsidy.
3. Annasaheb Patil Financial Dev. Corporation
Very popular scheme for Maratha community youth. The corporation pays interest on business loans up to ₹10 lakh.
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