Category: Loan Schemes

Central and State Government Loan Schemes for StartUps & New MSMEs in India

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Loan Schemes

Raj Udyog Mitra Scheme

Raj Udyog mitra scheme
Raj Udyog Mitra is a scheme launched for those people of Rajasthan who want to start

The government launched the Raj Udyog Mitra scheme for individuals in Rajasthan who wish to initiate a new micro, small, or medium enterprise but face obstacles under the old policies and laws of MSME. However, now after the launch of this scheme, there will be no need for government permission. New micro, small and medium enterprises can operate in the state and all the individuals or entrepreneurs who want to start their own businesses and start-ups can register by filling out the online application form (Raj Udyog Mitra Application Form) on the Mitra portal.

What are the benefits of registering at the Raj Udyog Mitra official portal?
  • There is now a simple application process and the issuing of immediate certificates of acknowledgement.
  • All new companies will obtain 3 years of exemption from inspections under all state laws.
  • No prior approval is needed for the establishment and operation of MSMEs under any state law.
  • New enterprises can avail the exemptions mentioned in the new MSME ordinance passed in 2019.
What are the Eligibility Criteria for the Raj Udyog Mitra Scheme?
  • Firstly, the applicant must be a resident of Rajasthan
  • New MSMEs proposed to commence commercial operations on or after 4 March 2019 may apply for the exemption allowed for in the Ordinance.
  • This scheme does not apply to already licensed MSME businesses.
What are the Documents Needed for the Raj Udyog Mitra Scheme?
  • Details of bank account (copy of bank passbook).
  • Aadhar Card, Voter Identification Card, PAN, Driving License
  • Business Plan/Project Report
  • Address Proof: Aadhar, Electricity bill, Valid Passport, Property tax bill, etc.
  • Photographs of employees (passport size)
  • In the records of any bank, the applicant must not be in default.

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, all public and private sector banks working in India accept our project report. Click to create your project report.

 How to apply: 

The given website should be visited to apply for the Raj Udyog Mitra Scheme.

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Loan Schemes

Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme

Deen Dayal Upadhyaya Swavalamban Yojana Startup Loan Scheme

Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY) is an Arunachal Pradesh Government start-up loan scheme. This scheme focuses on providing start-up loans with some financial support in the form of subsidies. Also, the key vision behind this scheme is to promote the engagement of unemployed young people in entrepreneurship. Moreover, the government points to the provision of low-cost resources for the creation of new enterprises.

What is the Eligibility for Deen Dayal Upadhyaya Swavalamban Yojana?
  • Value addition in the Agri-Horti & Allied Sector.
  • Eco-tourism – Home Stays or Tour Operators.
  • Tradition Textile Weaving – modernization or purchase of new looms.
  • Small-scale manufacturing unit – Qualified Graduates.
  • Entrepreneurs’ contribution must be Min. 10% of TFO. Preference for higher contribution.
What are the Documents needed for the Deen Dayal Upadhyaya Swavalamban Yojana?
  • Identity proof (Aadhar card, voting ID, Passport, driver’s license, PAN card, etc.)
  • Proof of residence (Phone bills, electricity bill, property tax receipt, etc.)
  • Proof of business address
  • Caste Certificate
  • Project report
  • The applicant must not be at fault in the Bank.

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

What is the Interest Rate and Subsidy Provided by DDUSY?
  • The government will provide the loan amount at a subsidized rate of 30%.
  • The subsidized amount will also be credited to the bank through NABARD
  • Project loan from Rs 10 lakh up to 1 Cr (excluding the cost of land & building)
  • Any women entrepreneur in the state who wants to take benefit under this scheme will be provided with an additional 5% subsidy on the rate of interest annually for setting up enterprises so that the loan cannot become a Non-Performing Asset (NPA).
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Loan Schemes

New Entrepreneur cum Enterprise Development Scheme

New Entrepreneur cum Enterprise Development Scheme (NEEDS)- Tamilnadu

The new Entrepreneur cum Enterprise Development Scheme (NEEDS) is an excellent initiative by the Tamil Nadu Government, Department of Industry, and Commerce. Also, the scheme’s goal is to provide opportunities for entrepreneurship to professional young people. And by providing capital and interest subsidies. The objective of the scheme is to help qualifying youth grow as first-generation entrepreneurs. However, youth is the future of the country.

What are the Eligibility Criteria for New Entrepreneur cum Enterprise Development Scheme?
  • The unit should be a newly built for Micro and Small Enterprises in the manufacturing and service sectors.
  • Professional youth with any qualification, Diploma, or ITI/vocational training from a known institution.
  • Eligible individuals for application include women, SC, ST, BC, MBC, minorities, ex-servicemen, transgender, and disabled persons.
  • The age group is between 21-35 years below the General category and 21-45 years below the particular category.
  • For under three years, the applicant must be a citizen of the Tamil Nadu District.
Loan details of New Entrepreneur cum Enterprise Development Scheme
  • The minimum cost of the project is 10.00 rs lakh.
  • The maximum cost of the project is Rs.500.00 Crore.
  • The Subsidy portion is restricted to Rs.30.00 lakh for projects costing more than Rs.1.20 Crore.
  • Land costs include the project’s expense at the cost of the Guideline or the market value. However, whichever is less.
  • Building costs such as office, warehouse, laboratory, etc. This may include project costs subject to the requirement that building costs do not exceed 25 per cent of project costs. Investment in capital expenditure for service enterprises must not exceed less than 25 per cent.
  • In-plant & machinery, only new machinery, and secondhand machinery directly imported by the entrepreneur are eligible.
  • The project cost does not include the cost of leasing/renting buildings.
  • The loan repayment period is up to 9 years
  • The following expenses are not applicable for the calculation of subsidy under this scheme:
  • i. Cost of rent or Building on lease.
  • ii. Technical know-how.
  • iii. Preparatory/ pre-operative expenses.
  • iv. Working capital perimeter.
Contribution to the loan scheme 
  • 10% for general category entrepreneurs.
  • 5% for special category entrepreneurs are SC or ST, Women, Minorities, Ex-Servicemen, etc.
What are the Documents needed for New Entrepreneur cum Enterprise Development Scheme?
  • KYC documents
  • Proof of ID: Aadhar card, PAN card, Passport, voter ID
  • Proof of residential address
  • Projected balance sheet / Project report
  • Business address proof
  • Business registration Proof: – Partnership title / Certified copies of MOA / AOA

In the above list, a business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project.

Therefore, a well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

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Loan Schemes

Micro Small Enterprise Funding Scheme – Tamilnadu

The Micro Small Enterprise Funding Scheme is initiated by the Government of Tamil Nadu to advance the growth and competitiveness of micro and small enterprises

The Micro Small Enterprise Funding Scheme was initiated by the Government of Tamil Nadu to advance the growth and competitiveness of micro and small enterprises (MSE). The Tamil Nadu Industrial Investment Corporation Limited (TIIC) is charged with overseeing and executing this scheme. Even the Government of Tamil Nadu provides financial assistance under this MSE funding scheme. Moreover, to the New or Well-Known Units in Micro and Small Enterprises with an overall project outlay of Rs.50.00 lakhs.

What are the Objectives of the Micro Small Enterprise Funding Scheme, Tamilnadu?

The main objective is to the extension of financial assistance. To new/existing micro and small enterprise units with a cumulative project outlay of Rs.50 lakh. Other purposes are as follows:

  • Upgrading infrastructure facilities in new or existing MSE industrial zones through financial assistance provided.
  • For the creation of fixed assets in small businesses and small businesses (MSE). They are improving the growth of micro/small businesses through the advancement of technology. Also, the skills, and quality, access to markets, access to resources. Also, to increase the potential of the SMEs. By forming self-help groups, consortia, up-gradation of associations, etc. Construction of research centres, training centres, depots of raw materials, effluent disposal, complementary manufacturing methods, etc.
What are the Eligibility Criteria for the Micro Small Enterprise Funding Scheme, Tamilnadu?

The conditions for eligibility for financial assistance under the Micro / Small Enterprises Funding Scheme here: New micro and small-scale enterprises for the manufacturing, storage, or processing of products, regardless of location. Also, for service sector ventures such as hospitals, fast food restaurants, etc. Except for small road transport operators [SRTOs], and new micro and small-scale enterprises. Even the Tamil Nadu Current Micro and Small Scale Enterprises (MSE) Units. Moreover, the Service Businesses, Growth, Modernization, Gradation of Technology and Diversification are Important to all property, Partnership, and Limited companies like LLP.

The cost of a project under the Micro and Small Enterprises Funding Scheme never exceeds Rs.50 Lakh. Also, this amount is only for the new units. In respect of existing MSE units, the cost of the project never exceeds Rs.50. Lakhs. Under the Micro and Small Enterprises Funding Scheme, the allotment of the Loan depends on the type of user:

Firstly, subject to the project cost, a term loan of 80% is granted for new MSE units. That governs a maximum of up to Rs.40 lakhs.

Secondly, for existing MSE units, a term loan of 75% of the project cost. That governs to a maximum of Rs.37.50 lakhs.

 The Minimum Promoter’s contribution to the Micro and Small Enterprises Funding Scheme is set at 20% of the project cost. But in Detail :

So, all the new units receive a Promoter’s Contribution of 20% of the Project Cost.

Also, the Promoter contributes 25% of the Project Cost to all the existing units.

What are the Documents Needed Micro Small Enterprise Funding Scheme, Tamilnadu?
  • KYC documents
  • Proof of ID: Aadhar card, PAN card, Passport, voter ID
  • Proof of residential address
  • Projected balance sheet/ Project report 
  • Business address proof
  • Business registration Proof: – Partnership title / Certified copies of MOA / AOA
  • Bank statement 6 months ago( If existing unit)

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, all public and private sector banks working in India accept our project report. Click to create your project report.

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Loan Schemes

General Scheme For New & Existing Entrepreneurs – Tamilnadu

General Scheme For New & Existing Entrepreneurs Tamilnadu

TIIC designed to help entrepreneurs who come forward to set up fishing net manufacturing units in the region. Therefore, the General Scheme For New & Existing Entrepreneurs Tamilnadu aims to provide all small, medium, and large-scale companies with full financial assistance. Also, the Service sector units are part of a new project or to develop, improve, or expand the current project. Therefore, the main motive is to help all the entrepreneurs who are new and who already exist as well.

What is the Purpose of the General Scheme for New and Existing Entrepreneurs in Tamilnadu by TIIC?
  • Firstly, consider it for purchasing the land.
  • Secondly, for the construction of the building, buying, and erection of machinery
What are the Eligibility Criteria for the General Scheme For New and Existing Entrepreneurs in Tamilnadu?
  • All MSME units
  • Small Scale industries
  • Medium-scale industries
  • Large scale industries
  • Service Sector Units
  • Non-MSME units
  • All the Proprietary firms, Partnership firms, Private Limited Companies, Public Limited companies, and also the Limited Liability Partnership firms
What are the Benefits of the General scheme?

Firstly, you get an advantage in the Contribution to Promoters. That is set for all consumers. to clarify, that’s 35 per cent for new units and 25 per cent for current companies.

Secondly, in Deby equity, share you get Loan up to Rs.10 Lakh equals DER 3:1. Also, a Loan of more than Rs.10 Lakh equals DER 2:1. Additionally, the repayment period is about nine years. Also, that includes the initial moratorium of 2 years. Also, the collateral security is 50% of the loan amount and 100% loan amount is highly movable assets. So, all these are the basic benefits you get under the General Scheme For New and existing Entrepreneurs of Tamilnadu.

What are the Documents needed for this scheme?
  • KYC documents
  • Proof of ID: Aadhar card, PAN card, Passport, voter ID
  • Proof of residential address
  • Business address proof
  • Projected balance sheet or Project report 
  • Business registration Proof: – Partnership title / Certified copies of MOA / AOA
  • Bank statement 6 months ago
About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your report.

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Loan Schemes

Medical Practitioner Scheme Tamilnadu

Medical Practitioner Scheme- Tamilnadu

India is becoming a developing country day by day. TIIC has introduced so many schemes for the youth. To give financial assistance to rural medical practitioners under the Medical Practitioner Scheme- Tamilnadu to set up an independent practice. Tamil Nadu Industrial Investment Corporation Limited proposes to provide loans to eligible medical practitioners. Under this scheme, any eligible medical practitioner can use up to Rs.1 crore loan. So that he/she can purchase medical devices like MRI machines, X-ray machines, CT scanners, colour dopplers, sonography machines, and other medical devices.

What are the Eligibility Criteria for the Medical Practitioner Scheme?

The following are the qualifying terms under the Scheme to avail loan:

  • In any branch of medical sciences, such as MBBS / BDS with PG or specialization in diploma. Therefore, the applicant must qualify from a well-known institution. ( The applicant must be a medical practitioner )
  • Also, the applicant must maintain income tax returns for the last three years.
  • Even the CIBIL score of promoters must be 650 and up.
Purpose of Medical Practitioner Scheme Tamilnadu

The purpose of introducing the Medical Practitioner Scheme is to purchase medical equipment. Also, you can buy any related asset to the medical field. The government is providing loans, so that relates to funding to eliminate quickly, and medical practitioners can work comfortably. You can quickly get a loan between 10 lakhs-1 crores.

How much loan amount can be availed?

According to TIIC in the Medical Practitioners Scheme, the loan is offered to qualified medical practitioners. The minimum loan amount under the medical practitioner scheme is Rs. 10 lakhs. The maximum loan amount is Rs. 1 crore. That is provided based on the applicant’s average income limit of 4 times for the last three years

Conditions of the Medical Practitioner Scheme
  • The interest to pay is applicable either every month or quarterly.
  • In the case of any default, the default period is subject to a punitive interest rate of 2.50 per cent per annum.
  • The promoter contribution under the medical practitioner scheme starts from a rate of 10% of the estimation of the project cost.
  • The maximum repayment period for the medical equipment loan is five years. That also includes a moratorium of 6 months.
  • The collateral security of not less than 20% of the loan amount
What are the Documents required for the Medical Practitioner Scheme?
  • KYC documents
  • Proof of ID: Aadhar card, PAN card, Passport, voter ID
  • Proof of residential address
  • Project report with projected balance sheet
  • Educational qualification certificates

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

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Loan Schemes

Equipment Finance Scheme For Existing Clients – TIIC

Equipment Finance Scheme For Existing Clients (TIIC- Tamilnadu Industrial Investment Corporation)

The TIIC launched a scheme for the Equipment Finance Scheme For Existing Clients. They head towards the aim of helping the startups and already existing users in any of the schemes. Also getting funding for equipment is a financial instrument. That provides business owners with financing to buy new machinery or repair existing machinery.

Financing for machinery is useful for both SMEs and large companies. Also, company owners and equipment loan firms enjoy tax advantages. Moreover, the rate of interest, loan amount, and tenure of the loan can vary from bank to bank. Finance leases, hire purchase contracts, operating leases, etc. are additional options connected with equipment leasing.

What is the Eligibility for the Equipment Finance Scheme For Existing Clients?

Individuals, partnership firms, limited liability partnerships, companies, trusts, and societies. All must include the following:

  • Should be in operation for at least three years.
  • Must earn profits and stated dividends during the heading two financial years.
  • Not involved in any default to institutions or banks in the payment of their dues.
  • Hold positive net worth.
Equipment Finance Scheme For Existing Clients Benefits:
  1. A) Instant Loan Penalty: – The TAT for all loan loans is very short. Usually, if all the documents you need are delivered by a client. It does not take more than a week to get a letter of punishment.
  2. B) Decrease / Tax Benefits: – The maximum return on Equipment Loans reduces tax because of the decrease in the Balance Sheet.
  3. C) Up to 80% Invoice Value: – Another advantage is that you can get up to 80% of the invoice amount. Also, including GST gives you the flexibility to spend more on business.
  4. D) Flexible Repayment Option: – Many flexible payment options are available today with various lenders. Because, offers you flexibility in payment options, various project cost-planning solutions, etc.
What are the Documents required for the Equipment Finance Scheme?

Certain Documents are required when applying for a machine loan. Also, it’s easy to verify your details and will help you get a loan. So, the following documents need to be submitted when applying for a machine loan, as follows:

  • KYC documents
  • Proof of ID: Aadhar card, PAN card, Passport, voter ID
  • Proof of residential address
  • Business address proof
  • Business registration Proof: – Partnership title / Certified copies of MOA / AOA
  • Bank statement 6 months ago
  • Latest passport-size photographs of the applicant or applicant
  • Two years ago Income tax and audited income
  • Supplier details and equipment names
  • CMA report
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Loan Schemes

Karma Sathi Prakalpa Scheme – West Bengal

karma sathi prakalpa scheme of west bengal

The government of West Bengal introduces a scheme Karma Sathi Prakalpa. This scheme focuses on making West Bengal’s unemployed young people self-reliant. So, a target is set to make 1 lakh unemployed young people self-sufficient each year through the Karmasathi project (karma sathi prokalpo). The project provides loans of up to Rs 2 lakh via cooperative banks that operate by the State. Also, the subsidy opportunities associated with the loan and the opportunity to repay the loan in installments.

Objectives of Karma Sathi Prakalpa Scheme 2020
  • In the new scheme “Karma Sathi Prakalpa” one jobless youth who is not paid provides loans and grants. So they can become self-sufficient.
  • Also, to help young entrepreneurs of the State in setting up new manufacturing enterprises. And small companies including services and trading.
  • To build gainful self-employment opportunities in both rural and urban areas of the State.
What are the Eligibility criteria for the Karma Sathi Prakalpa Scheme?
  • Firstly, candidates must remain permanent residents of West Bengal.
  • Secondly, only permanent candidates of West Bengal are eligible for this scheme.
  • Educational Qualification for the scheme implies minimum Class VIII qualifying. Also, the preference provides intending business people who register with the Employment Bank.
  • The loan is by the state-owned co-operative bank to support “prospective entrepreneurs”. In the age group within 18-50 years. In setting up “new manufacturing enterprises and small businesses”
What are the Documents required to apply online?

The duly filled-in application form must be submitted along with the following duly signed documents.

  • Passport Size Photo
  • Adhaar Card
  • Project report -(Finline can help you with the project report)
  • Proof of address& ID
  • 10th or 12th Market Sheet
  • Certificate of education
  • Voting ID Card
  • Copy of SC / ST / OBC / Minority / Certificate issued separately, if applicable

For more details about this scheme visit govt website 

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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Loan Schemes

Madhyapradesh Mukhya Mantri Swarozgar Yojna

Madhyapradesh Mukhya Mantri Swarozgar Yojna is a scheme that offers loans up to 25 lakhs for promoting entrepreneurship in Madhya Pradesh without the need for collateral security.

Who is eligible for this scheme?
  • Applicant must be a permanent resident of Madhya Pradesh
  • Applicant should be 18 years old 
  • No education qualification for availing of the loan
Do I get any subsidy in this scheme?
  • Yes, a 5% Interest subsidy for an initial 5 years is subject to a certain limit.
How much margin money Govt will be raised for this scheme?
  • The State Government will provide 20% of the project cost as Margin Money or a Maximum of Rs. 10000 on a one-shot basis for project costs up to Rs. 50000
What is the interest rate for this scheme?
  • For Loans up to Rs. 10 lac: Bank interest rate+0.50%(Guarantee fee), For Loans above Rs. 10 lac and up to Rs. 25 lac: Bank interest rate +1.00(Guarantee fee), %
Who are the implementing agencies for this scheme in the state?
  • Panchayat and Rural Development Department for Rural Areas and Department of Commerce, Industries and Employment for Urban Areas. 
What is the guarantee fee for this scheme and how has it been allocated?
  • A guarantee fee is a fee paid to the Govt: for being the guarantor for the entrepreneur before the bank. In this scheme, two types of Guarantee fees are there 
  • For loans up to 50,000/- 1% of the loan amount for the first year and @0.50% for the next 4 years, or up to the closure of the account whichever is earlier shall be reimbursable from State Government. Rest 0.50% for 4 years, or up to the closure of the account whichever is earlier will be borne by the Bank.
  • For a loan from 50,000 to 25 lakhs – 1% of the loan amount for the first year and @0.75% for the next 4 years, or up to the closure of the account whichever is earlier shall be reimbursable from the State Government. Rest 0.25% for 4 years, or up to the closure of an account, whichever is earlier will be borne by the Bank.
What are the documents needed for this loan?
  • If you are eligible you can go to the nearest nationalized bank, regional rural banks, state cooperative banks, and other scheduled banks and can collect the application form or contact your nearest district industrial cell or can download the application form from the official website and fill the details along with documents and a project report of the business and can submit the details to the bank itself. 
How can I create a project report for Madhyapradesh Mukhya Mantri Swarozgar Yojna?

You can create the project report through Finline. Either you can create the report by yourself or seek the help of an expert to create the report for you. A well-crafted and convincing project report increases the chances of loan approval. With Finlineyou can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

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Loan Schemes

Uttarakhand Mukhyamantri Swarojgar Yojana

What is Uttarakhand mukhyamantri swarojgar yojana?

The Mukhyamantri Swarozgar Yojana has been introduced by the government of Uttarakhand. The programme is for immigrants from Uttarakhand who return to the state as a result of the coronavirus.

To encourage self-employment, the government would offer loans up to Rs. 25 lakh under this programme. With the loans, young people can launch or manage their own enterprises, including beauty salons, gyms, and mobile repair shops, among others.

The objective of Uttarakhand Mukhyamantri Swarojgar Yojana

The scheme’s primary goal is to convince ambitious young people from the State, migrants who have repatriated to Uttarakhand as a result of COVID-19, trained and unskilled artisans, handicraftsman, and professional urban and rural jobless people to start their own industries or businesses.

Who is eligible for Uttarakhand Mukhyamantri Swarojgar Yojana?
  • Applicant must be a permanent resident of Uttarakhand
  • Applicant should be 18 years old 
  • The applicant or their family members should not avail of this scheme earlier
  •  Applicant must not have previously taken any of the self-employment schemes of Govt of India or State Govt: schemes within last 5 year
  • No education qualification preferences in this scheme
Frequently Asked Questions (FAQs)
Can socially backward class/ex-service avail this scheme?

Yes of course. Applicants who belong to SC/ST, OBC, Minorities, Ex-servicemen/women, or PwD have to submit a certified copy of the certificate issued by the competent authority along with the application form

How much loan I can avail of from this scheme?

Under this scheme, the government will provide loans up to 25 lakh for manufacturing and up to 10 lakh for the service sector.

Can I avail myself of this loan for starting a trading business ( Like Kirana shop)

No, you won’t get a loan for trading in this scheme.

What should be the maximum project cost in this scheme?

The project should be within 25 lakhs for the manufacturing sector and up to 10 lakhs for the service sector

How can I apply for the loan?

If you are eligible you can go to the nearest nationalized bank, regional rural banks, state cooperative banks, and other scheduled banks and can collect the application form or download the application form from the official website and fill in the details along with documents and a project report of the business and can submit the details to the bank itself. 

How can I create a project report for Uttarakhand Mukhyamantri Swarojgar Yojana?

You can create the project report through Finline. Either you can create the report by yourself or seek the help of an expert to create the report for you. Anyone without deep knowledge of accounting and finance can create a report in Finline. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your project report.

How much margin money ( owner’s contribution ) is to be raised for this scheme?

According to the MSME policy, classified category A will have a maximum margin money limit of 25 per cent of the total project cost, while categories B and B will have a limit of 20 per cent, and categories C and D will have a limit of up to 15 per cent of the total project cost.