Start your own business with money from these government schemes

 Necessary / Lockdown is a threat to jobs? Start your own business with money from these government schemes

People are facing an economic crisis due to lockdown caused by Coronavirus. This caused many to lose their jobs. People are now thinking of starting their own business, but they do not have the money to do so. If you have such a situation, the government provides financial assistance to those who want to start a business through various schemes.

Let us know today about the schemes through which you can make money from the government for business. Find out what works you will get paid for.

Currency loan

Currency loan is an important scheme of the Central Government. Through this scheme, the government has given loans to many people who want to start their own businesses. What is special about this scheme is that this loan is given with low interest and low terms and this loan is given to three levels of traders. In which loans are given in three categories of infant, adolescent, and youth. So far, 27.28 crore accounts have been opened and loans have been given to 68 percent of women. In this case, you can also take a loan under this scheme by visiting the official website of the bank.

PM Kusum Yojana

Through this scheme, money is given by the government to those who want to install solar panel power projects on their farm or home. With this you can free up the electricity of your house and if you can sell more electricity to the government. With this, your electricity bill will go down and so will your income. Under this, 60 percent subsidy is available and 30 percent loan is available from the bank.

Stand up India

The purpose of the Stand Up India scheme is to provide a loan of Rs. 10 lakh to 1 crore from each bank branch to at least one Scheduled Caste or Scheduled Tribe woman borrower for a new project. Along with this, the government is promoting entrepreneurship in women, SC, ST, and OBC. So far more than 1 person has benefited from this and a loan of Rs 23827 crore has been given.

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Credit Guarantee Fund Trust for micro and small businesses

The scheme has been launched to promote MSME industries and the Ministry of MSMEs has released funds for this. Under this, startups and MSMEs are given a price of up to one rupee to start a business.

Swanidhi Yojana

The government is coming up with a loan scheme for every class. Through this scheme, street vendors (small street vendors) of the country are being given money to start their work in a new way. These include loans of up to Rs 10,000 for small businesses, which have to be repaid within a year.