We understand, starting-up even with the biggest idea without any funds can be extremely difficult. With the Start-Up India, Make In India and many other missions, the Government of India offers various funding schemes. We list out a few here, read on, and if you’re eligible and your idea kicks-off, you could be the star Made-In-India!

• PMEGP LoanPrime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy program administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC), is the nodal agency at the national level for implementation of the scheme. At the state level, the scheme is implemented through KVIC, KVIB and District Industries center. The scheme is applicable to all viable (technically as well as economically) projects in rural as well as urban areas, under the Micro enterprises’ sector. Any individual, above 18 years of age.
• SIDBISmall Industrial Development Bank of India is a development financial institution in India that provides various loans to MSMEs. Under Direct Loans, there are 6 main loan schemes: SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE), Smile Equipment Finance (SEF), Loans under Partnership with OEM, Working Capital (Cash Credit), SIDBI Trader Finance Scheme (STFS) and Loan for Purchase of Equipment for Enterprise’s Development (SPEED). This loan scheme covers some major initiatives which take care of start-up funding. This includes Start-ups Lifecycle along with SIDBI’s interventions, Funds of Funds for Start-ups, Aspire Fund and India Aspiration Fund.
  Under Indirect Finance, there are schemes where financial assistance is provided to banks, NBFCs and SFBs.
• Stand-up India Scheme
  Stand-Up India Scheme Facilitates bank loans between  10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or woman entrepreneur.
• CLCSSCredit Linked Capital Subsidy Scheme facilitates technology up-gradation in MSEs by providing an upfront capital subsidy of 15 percent for the induction of well-established and improved technology in the specified 51 sub-sectors/products. The major objective is to upgrade their plant & machinery with state-of-the-art technology, with or without expansion and also for new MSEs which have set up their facilities with and proven technology approved under scheme guidelines. It is a demand-driven scheme without any upper limit on overall annual spending on the subsidy disbursal.

• Bank Credit Facilitation SchemeNSIC has MoUs with various Nationalized and Private Sector Banks, through which MSMEs can access credit support from the banks. NSIC assists MSMEs in the completion of the documentation for submitting the proposals to the banks and also does the follow up with the banks. This handholding support is provided by NSIC without any cost to the MSMEs.
• 4E (END TO END ENERGY EFFICIENCY)4E Intervention provides technical backstopping and supports MSME clients in reducing their power & fuel cost. It helps improve the bottom line through energy savings (10 to 25%), by getting the services of Technical Consultants at a reasonable cost with assurance on the quality of services and savings                                                                                                                     A back-to-back financing product support is granted with the help of the World Bank to offer loans to Energy Efficiency projects to MSME. The term loans are granted at concessional interest rates and on the softer term.
• CREDIT GUARANTEE SCHEMEThe Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector. Both term loans and/or working capital facility up to Rs.100 lakh per borrowing unit extended without any collateral security and/or third-party guarantee, to a new or existing micro and small enterprise. 
• CREDIT LINKED CAPITAL SUBSIDY FOR TECHNOLOGY UPGRADESThe objective of Credit Linked Capital Subsidy Scheme (CLCSS) is to facilitate technology up-gradation in Micro and Small Enterprises (MSEs) by providing capital subsidy of 15 percent (limited to a maximum of Rs.15.00 lakhs) on institutional finance availed by them for induction of well-established and improved technology in the specified 51 sub-sectors/products approved under the scheme. The maximum limit of eligible loans for calculation of subsidy under the Scheme is Rs.100.00 lakhs.
• SUSTAINABLE FINANCE SCHEMESustainable Finance Scheme funds sustainable development projects that are energy efficient and have cleaner production but not covered under the international or bilateral lines of credit. Renewable energy projects, Bureau of Energy Efficiency (BEE) star rating, green microfinance, green buildings, and eco-friendly labeling, and other sustainable projects. are applicable for the scope of this scheme.

Consolidated by,
Sanjana Bharadwaj
ClayWorks