There is no collateral considered for this loan also known as an unsecured business loan. For the existing businesses the minimum business existence to apply for a loan is 2 years. Minimum credit score has to be above 650 for loans to be sanctioned by the respective banks. They have a tenure of 4 years and a moratorium of 12 months on principal repayment. This government subsidy loan for business has the basic objective to increase the, Stand-Up India Scheme loans a minimum of Rs. Do you want to get a reliable financial aid for your budding ideas? The minister announced that borrowers who have an outstanding of up to Rs.25 crore and a turnover of Rs.100 crore are eligible for collateral-free automatic loan worth Rs.3 lakh crore. Government loans are offered to individuals, start-up enterprises, sole proprietorship, and partnership firms, business owners, SMEs, MSMEs, private limited companies, large enterprises, etc. The terms are in favour of the borrower so it is also called a soft loan. 2 crore, can be covered under Credit Guarantee Scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Government subsidy loan for business is very much effective in any type of small-scale industry. The amount of loan that you can avail to start your business will depend on the nature of business, lender, your credit history, etc. 2 crore, can be covered under Credit Guarantee Scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). This compiled list of supports may not be comprehensive and is subject to change. Of directors/promoters/partners/proprietors. Aadhar Government Scheme Services Study . This Page is BLOCKED as it is using Iframes. Sole proprietorships, partnership firms, co-operative, private and public limited companies come under the ambit of this business loan scheme. SIDBI offers Government subsidy loans and schemes for small scale industries and businesses. 1 Crore. Starting your own business can be challenging, especially if you don’t have the capital to get it off the ground. The objective of this loan is for it to be favourable for the borrower to meet the debt-equity ratio of any enterprise. The National Small Industries Corporation (NSIC) subsidy for, offers three kinds of financial benefits – Marketing Assistance, Technology Upgradation and Raw Material Assistance. In a statement on Tuesday, the state-run lender said the subsidy was part of the government’s measures to help communities bounce back from the impact of the coronavirus disease 2019 (Covid-19) pandemic. If the enterprise to be set up is non-individual, the controlling stake (51%) should be held by either an SC, ST, or women entrepreneur. 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