Dreaming of owning your own company but concerned about funding and resources?
The government has your back! Be it Startup India Seed Fund or Loans, all of these schemes are structured to make your entrepreneurial aspirations become a reality.
Pradhan Mantri YUVA Yojana (Yuva Udyamita Vikas Abhiyan) is an entrepreneurship education and training government scheme. Initiated by the Ministry of Skill Development and Entrepreneurship, the programme has been implemented with the target of developing a robust startup ecosystem through the empowerment of young entrepreneurs through the appropriate skills, mentoring, and entrepreneurial support ecosystem. It also encourages social enterprises to make economic growth both inclusive and sustainable.
Starting a new business comes with challenges, but the Startup India Scheme makes it easier for entrepreneurs by offering a complete tax exemption for the first three years. This means that recognized startups don’t have to pay income tax on their profits during this period, allowing them to reinvest earnings into business growth without financial strain.
The goal is to support innovation and encourage young businesses by reducing the tax burden in their initial years. To qualify, a startup must be registered under the Startup India initiative and meet certain eligibility criteria. This scheme is a game-changer for new entrepreneurs, helping them focus on scaling their businesses without worrying about taxes early on.
Atal Innovation Mission (AIM) is a government initiative under NITI Aayog that encourages innovation and entrepreneurship across India. The goal is simple—to give people, especially students and startups, the right environment, tools, and support to turn their ideas into real solutions.
The objective of the Stand-Up India scheme is to facilitate bank loans between a 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services, agri-allied activities or the trading sector In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
The Stand-Up India scheme is designed to help SC/ST entrepreneurs and women get easier access to bank loans for starting their own businesses. Under this scheme, each bank branch provides loans ranging from ₹10 lakh to ₹1 crore to at least one SC/ST borrower and one woman borrower to set up a new business (greenfield enterprise).
at least 51% ownership and control must be with an SC/ST or a woman entrepreneur. This initiative ensures that underrepresented groups get financial support to turn their business ideas into reality.
The Make in India programme, initiated on September 25, 2014, is a big move towards making India a global manufacturing hub. It aims to draw investments, encourage innovation, and develop world-class infrastructure to make India a significant player in manufacturing, design, and technology innovation.
This program was one of the first to advocate for ‘Vocal for Local‘, urging local industries to grow and compete globally. A robust manufacturing base is not only about economic growth—it also has a key role to play in creating jobs for India’s huge youth population and powering long-term sustainable growth.
Bank credit availability free from the constraints of collaterals/third party guarantees would be a key source of assistance to the first generation entrepreneurs to actualise their desire of establishing a unit of their own Micro and Small Enterprise (MSE). With this objective in mind, Ministry of Micro, Small & Medium Enterprises (MSME), Government of India introduced Credit Guarantee Scheme (CGS) to enhance credit delivery mechanism and make credit flow to the MSE sector easily. For operationalising the scheme, Government of India and SIDBI established the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
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