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World MSME Day: Check out THESE loan schemes by govt of India

The Government of India gives several loan schemes to further finance the small-scale businesses which can be used for running their operations, buying new equipment, increasing their business and more. ....

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The Stand-Up India Scheme - New Delhi Times - India's Only International Newspaper

May 2, 2021
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In India, it is observed that challenges have often weighed down entrepreneurs, especially women or members from the Schedule Caste/Schedule Tribe communities who wanted to acquire a loan to start their own undertaking. Nevertheless, a noble initiative, “the Stand-Up India Scheme,” was launched by Prime Minister Narendra Modi in April 2016, which addresses these difficulties experienced by the SC/ST communities and women.
The Stand-Up India Scheme intends to encourage entrepreneurship among women and SC/ST members. The initiative is moored by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The Scheme offers monetary help (funded/non-funded) for working capital and procurement of fixed resources in manufacturing, services, or retail sectors. It provides “bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower at least one women borrower for e ....

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Year Ender 2020: Fuelling MSMEs for Economic Growth

Year Ender 2020: Fuelling MSMEs for Economic Growth
FILE PIC
In our Special Series Year ender-2020 today we bring you a report on Micro, Small and Medium Enterprises, MSME. After coming to power in 2014, Narendra Modi Government gave a special focus on the MSME sector.
Launching the MSME Support and Outreach programme in New Delhi, Prime Minister Narendra Modi had said that MSME sector gives maximum employment after the agriculture sector. He said, if agriculture sector is backbone of the economy, MSME sector is the strong steps of the economy which gives power for progress.
Minister for MSME Nitin Gadkari said, MSME sector contributes to 30 per cent of GDP and 48 per cent to exports. ....

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