Pradhan Mantri Mudra Yojana (PMMY)

This scheme offers collateral-free loans up to ₹10 lakhs to non-corporate, non-farm small/micro enterprises.

• Shishu: Up to ₹50,000
• Kishor: ₹50,000 to ₹5 lakhs
• Tarun: ₹5 lakhs to ₹10 lakhs

Eligibility: Small manufacturers, service sector units, shopkeepers, fruit/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors, etc.

Stand-Up India Scheme

Provides loans ranging from ₹10 lakhs to ₹1 crore to SC/ST and women entrepreneurs for setting up new enterprises.

Eligibility: SC/ST or women entrepreneurs holding at least 51% stake in a new business or partnership firm.

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

Offers collateral-free credit to micro and small enterprises (MSEs).

Eligibility: New and existing MSEs (excluding retail trade, educational institutions, agriculture, and SHGs).

SIDBI Make in India Soft Loan Fund for MSMEs (SMILE)

Provides soft loans to new and existing MSMEs for business expansion.

Eligibility: New and existing enterprises in manufacturing and service sectors.

Bank Credit Facilitation Scheme (by NSIC)

Implemented by NSIC, this scheme helps MSMEs obtain credit support from banks without additional fees.

Eligibility: Registered MSMEs across India.

Prime Minister’s Employment Generation Programme (PMEGP)

Provides financial assistance to establish new micro-enterprises.

Eligibility: Individuals above 18 years of age looking to set up a new enterprise.