Government-Backed Startup Schemes: A Complete List
1. Startup India Scheme
Objective: Foster innovation and entrepreneurship across India.
- Self-Certification Compliance: Startups can self-certify labor and environmental laws compliance for the first 3 years.
- Income Tax Exemption: Eligible startups enjoy 100% exemption for the first 3 years.
- Easy Registration: Simple online registration via the Startup India Portal.
- Funding Support: Access to a fund of INR 10,000 crore.
- Networking Opportunities: Collaborate with mentors and investors.
Eligibility: New companies (less than 10 years old), registered as a private limited company, partnership, or LLP.
2. Pradhan Mantri Mudra Yojana (PMMY)
Objective: Provide funding to micro-enterprises and small businesses.
- Loan Amount: INR 50,000 to INR 10 lakh.
- Categories: Shishu (up to INR 50,000), Kishore (INR 50,000 to INR 5 lakh), Tarun (INR 5 lakh to INR 10 lakh).
- Collateral-Free: Loans up to INR 10 lakh without collateral.
- Interest Subsidy: Interest rates between 8-12%.
Eligibility: Non-farm, small, and sole proprietorship businesses.
3. Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE)
Objective: Provide credit guarantees for loans to MSEs.
- Credit Guarantee: Covers up to INR 2 crore.
- No Collateral Required: Loans without collateral or third-party guarantees.
- Risk Sharing: Government covers up to 85% of the default risk.
Eligibility: Micro and small enterprises with Udyog Aadhaar registration.
4. Atal Innovation Mission (AIM)
Objective: Promote innovation and entrepreneurship in India.
- Atal Incubation Centers: Supports startups with mentorship and funding.
- Atal Tinkering Labs: Encourages hands-on learning and innovation in schools.
- Grant Assistance: Offers grants for fostering innovation.
Eligibility: Startups and innovators in technology-based fields.
5. Stand Up India Scheme
Objective: Promote entrepreneurship among SC/ST and women entrepreneurs.
- Loan Amount: INR 10 lakh to INR 1 crore.
- Collateral-Free Loans: Loans without collateral requirements.
- Interest Subsidy: Interest rate concessions and other financial incentives.
Eligibility: SC/ST or women entrepreneurs starting greenfield ventures.
6. National Small Industries Corporation (NSIC) Schemes
Objective: Provide financial and non-financial support to MSMEs.
- Credit Support: Financing for raw materials and working capital.
- Marketing Assistance: Promotion through trade fairs and exhibitions.
- Technology Upgradation: Support for technology improvements.
Eligibility: MSMEs involved in manufacturing, processing, and trading.
7. Technology Incubation and Development of Entrepreneurs (TIDE)
Objective: Promote entrepreneurship in electronics and IT sectors.
- Financial Assistance: Grants for technology-based startups.
- Mentoring: Technical guidance and training for startups.
- Networking: Collaboration with academia and industry partners.
Eligibility: Startups in electronics and IT with innovative solutions.
8. Pradhan Mantri Employment Generation Programme (PMEGP)
Objective: Generate employment and support micro-enterprises.
- Subsidy: Subsidized loans for small businesses.
- Loan Amount: Up to INR 25 lakh for manufacturing and INR 10 lakh for services.
- Interest Rate: Varies based on location and sector.
Eligibility: Entrepreneurs setting up new businesses in manufacturing, services, or agriculture.
9. Make in India Initiative
Objective: Transform India into a global manufacturing hub.
- Ease of Doing Business: Simplified regulations and policies.
- Government Support: Tax breaks and funding for manufacturing.
- Focus Areas: Automobiles, electronics, biotechnology, and aerospace.
Eligibility: Manufacturing businesses aligned with initiative objectives.
