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Prime Minister Small Scale Industries Scheme Loan 2021

Prime Minister Small Scale Industries Scheme Loan 2021

As you know nowadays recession is going on. In the Corona era, all business, business is slow. The government also now wants the country to stand on its own feet, and at least depend on foreign countries. Modi ji himself has said that in order to make the country self-sufficient, you also have to become self-sufficient. As of now, there is also a tension of China from India, due to which all the mobile apps of China have been closed in India. Now the Prime Minister has urged the youth of the country to make different types of mobile apps themselves to make the country self-sufficient. The government is also helping the youth who want to start their own work.

The Government of India is running a variety of schemes for the people doing their own business, so that people can start their own business and become self-reliant and provide employment to the needy. Capital is very necessary for starting any type of business and for this reason the Central Government has also started the provision of providing loans to the new entrepreneurs at affordable rates.

What is msme scheme Know how you can get a business loan from the government.

Credit Guarantee Fund Trust

Now Government of India and Small Industries Development Bank of India have established Credit Guarantee Fund Trust to promote entrepreneurship. Through this new trust, from 25 lakh to 5 crore rupees will be provided to the entrepreneurs in the form of loans for setting up plant or machinery. Let us know what is, Credit Guarantee Fund Trust and how you can start your business by taking advantage of it.

What is a small scale industry?

We will tell you what you understand by small scale industry. Small-scale industry is meant to start with less staff, at a lower cost or investment. There is less investment in it but there is a lot of benefit. Once the small scale industry moves, it can turn into a large industry. Many famous celebrities of the country had started with small scale industry, their business continued to grow and later it became a big name company, factory.

Prime Minister’s Employment Loan Subsidy Scheme – Start the business by getting financial assistance through this government scheme.

What are the small scale industries related schemes of the Government of India

The Government of India is running several types of small scale industrial schemes, under which there is a provision to provide loans, subsidies or other types of benefits to entrepreneurs starting small scale industries. The government is running a variety of schemes under Small Scale Industries such as: – Pradhan Mantri Mudra Yojana, Pradhan Mantri Rojgar Yojana, Prime Minister Employment Generation Program and Small Scale Industry Credit Card Scheme, Credit Link Capital Subsidy Scheme, MSME, etc. Many schemes have been launched by the government for small scale industries.

How to get a loan to start a small scale industry

Under the scheme, the government provides different loan amounts to provide loans in the field of different industries.

  • The government provides loans for small industries ranging from Rs 10 lakh to Rs 2 crore.
  • For middle class industries, the government works to provide loan amount from Rs 25 lakh to Rs 5 crore.
  • At the same time, the government works to provide loans ranging from Rs 10 crore to Rs 25 crore to start a big business.

59 Minute Business Loan Scheme : Get business loan in just 59 minutes

Advantages of small scale industry

Small scale industry is very good for people starting a website, because it can be started easily at a low cost. Any person can start small scale industry by applying capital as per his ability. Government of India provides subsidy on behalf of the people starting small scale industry. Unemployed can get many employment opportunities through small scale industry. The biggest thing is that due to small scale industry, there are many such items, which are available at low prices.

Support Small Business

Support small business trend is going on in the country. This campaign promoting Modi’s Vocal to Local is becoming very famous among the youth. Support Small Business means a business started by fewer people at a lower cost. Now-a-days, big celebrities are also promoting small business. People start business in small scale, in which they take financial help from the government. Then choose a big celebrity for promotion, nowadays, big heroin promotes not using big designer’s clothes or other things, but using them to promote small business. It also boosts the morale of the people.

Through this effort of the Government of India, people can easily get loan amount for doing small industry and middle class industry and can start their own business easily by becoming self dependent. The government wants people to cooperate more and more in the field of entrepreneurship and can also provide employment to new people through their business.

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