{"id":18461,"date":"2025-07-04T16:02:57","date_gmt":"2025-07-04T10:32:57","guid":{"rendered":"https:\/\/blog.bosswallah.ai\/?p=18461"},"modified":"2025-10-13T18:41:58","modified_gmt":"2025-10-13T13:11:58","slug":"small-business-loan","status":"publish","type":"post","link":"https:\/\/bosswallah.ai\/blog\/startup-guide\/government-schemes\/small-business-loan\/","title":{"rendered":"Best Government Schemes &amp; Loans for Small Businesses in India (2025)"},"content":{"rendered":"\n<nav class=\"wp-block-table-of-contents\"><ol><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#top-government-loan-schemes-for-small-business-2025\">Top Government Loan Schemes for Small Business (2025)<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#detailed-overview-of-each-loan-scheme\">Detailed Overview of Each Loan Scheme<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#documents-required-for-small-business-loans\">Documents Required for Small Business Loans<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#how-to-apply-for-a-small-business-loan-from-the-government\">How to Apply for a Small Business Loan from the Government<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#tips-to-get-your-business-loan-approved-faster\">Tips to Get Your Business Loan Approved Faster<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#conclusion\">Conclusion<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"https:\/\/blog.bosswallah.ai\/small business loan\/#frequently-asked-questions-faqs\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ol><\/nav>\n\n\n\n<p>Starting a small business in India can be a life-changing step, but one of the biggest roadblocks is <em>funding<\/em>. To support budding entrepreneurs, the Indian Government offers many <strong>small business loan<\/strong> schemes with low interest rates and easy application processes. These loans are designed to help you <strong>start, grow, or expand your business<\/strong>. In this guide, we explain the <strong>best government loan schemes<\/strong> for small businesses in 2025, their features, interest rates, documents required, and <strong>how to apply<\/strong> \u2014 all in a simple, step-by-step manner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-a67f84294bcebe94a5f6ecfa4e88376c\" id=\"top-government-loan-schemes-for-small-business-2025\" style=\"color:#f15f22\"><strong>Top Government Loan Schemes for Small Business (2025)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"650\" height=\"250\" src=\"https:\/\/i0.wp.com\/blog.bosswallah.ai\/wp-content\/uploads\/2025\/07\/small-business-loan-1.png?resize=650%2C250&#038;ssl=1\" alt=\"\" class=\"wp-image-18514\" style=\"width:840px;height:auto\" srcset=\"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-1.png?w=650&amp;ssl=1 650w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-1.png?resize=300%2C115&amp;ssl=1 300w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-1.png?resize=585%2C225&amp;ssl=1 585w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-1.png?resize=150%2C58&amp;ssl=1 150w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/figure>\n\n\n\n<p>Here\u2019s a comprehensive table of the most popular <strong>government business loans<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Loan Scheme<\/strong><\/th><th><strong>Interest Rate<\/strong><\/th><th><strong>Loan Amount<\/strong><\/th><th><strong>Collateral<\/strong><\/th><th><strong>Best For<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>MUDRA Loan (<a href=\"https:\/\/blog.bosswallah.ai\/how-to-apply-for-mudra-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">PMMY<\/a>)<\/strong><\/td><td>7% to 12%<\/td><td>\u20b950,000 \u2013 \u20b910 Lakhs<\/td><td>No<\/td><td>Micro and small businesses<\/td><\/tr><tr><td><strong><a href=\"https:\/\/blog.bosswallah.ai\/how-to-get-a-stand-up-india-loan-free-pdf-guide-for-entrepreneurs\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stand-Up India <\/a>Scheme<\/strong><\/td><td>6.5% onwards<\/td><td>\u20b910 Lakhs \u2013 \u20b91 Crore<\/td><td>Yes (with subsidy)<\/td><td>SC\/ST\/Women Entrepreneurs<\/td><\/tr><tr><td><strong>Credit Guarantee Scheme (CGTMSE)<\/strong><\/td><td>Depends on lender<\/td><td>Up to \u20b92 Crores<\/td><td>No (covered by Govt)<\/td><td>MSMEs with no collateral<\/td><\/tr><tr><td><strong>PMEGP Loan<\/strong><\/td><td>11% to 12%<\/td><td>Up to \u20b925 Lakhs<\/td><td>Partial<\/td><td>Rural\/agro\/handicraft businesses<\/td><\/tr><tr><td><strong>SIDBI Make in India Soft Loan Fund<\/strong><\/td><td>8.5% to 9.5%<\/td><td>\u20b910 Lakhs \u2013 \u20b950 Lakhs<\/td><td>May vary<\/td><td>Manufacturing\/startups<\/td><\/tr><tr><td><strong>National Small Industries Corporation (NSIC)<\/strong><\/td><td>Varies<\/td><td>Equipment &amp; Marketing Aid<\/td><td>Yes\/No<\/td><td>Tooling, marketing, raw materials<\/td><\/tr><tr><td><strong>Udyogini Scheme<\/strong><\/td><td>0% to 6% (subsidized)<\/td><td>Up to \u20b93 Lakhs<\/td><td>No<\/td><td>Women-led small businesses<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-f635d42e28bdd57cdfdf2175e7c7990f\" id=\"detailed-overview-of-each-loan-scheme\" style=\"color:#f15f22\"><strong>Detailed Overview of Each Loan Scheme<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1. MUDRA Loan under Pradhan Mantri Mudra Yojana (PMMY)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Types:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Shishu:<\/strong> Up to \u20b950,000<\/li>\n\n\n\n<li><strong>Kishor:<\/strong> \u20b950,001 \u2013 \u20b95 Lakhs<\/li>\n\n\n\n<li><strong>Tarun:<\/strong> \u20b95 Lakhs \u2013 \u20b910 Lakhs<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Eligibility:<\/strong> Non-corporate, non-farm small businesses (e.g., kirana shops, small units, artisans, food vendors).<\/li>\n\n\n\n<li><strong>Documents Required:<\/strong>\n<ul class=\"wp-block-list\">\n<li>ID &amp; address proof<\/li>\n\n\n\n<li>Business plan<\/li>\n\n\n\n<li>Bank statement<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> Local banks, NBFCs or <strong><a href=\"https:\/\/www.mudra.org.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">MUDRA portal<\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>\u2705 No collateral required. Ideal for micro-startups.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=QSCVogG0158\" target=\"_blank\" rel=\"noreferrer noopener\">Also Watch: How To Get a 10 Lakh Loan Without Any Collateral?<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size\"><strong>2. Stand-Up India Scheme<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose:<\/strong> Loans for SC\/ST and <strong><a href=\"https:\/\/blog.bosswallah.ai\/business-loans-for-women-entrepreneurs-in-india-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">women entrepreneurs<\/a><\/strong>.<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> \u20b910 Lakhs to \u20b91 Crore<\/li>\n\n\n\n<li><strong>Usage:<\/strong> For greenfield businesses in manufacturing, services, or trading.<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> Around 6.5%\u20139%<\/li>\n\n\n\n<li><strong>Documents Required:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Caste certificate (SC\/ST)<\/li>\n\n\n\n<li>Identity proof<\/li>\n\n\n\n<li>Project report<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> <a href=\"https:\/\/www.standupmitra.in\" target=\"_blank\" rel=\"noreferrer noopener\">www.standupmitra.in<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u2b50 Best for first-time entrepreneurs from disadvantaged groups.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=y5qFcr7ILIM\" target=\"_blank\" rel=\"noreferrer noopener\">Also Watch: Stand Up India Scheme<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size\"><strong>3. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Coverage:<\/strong> Collateral-free credit to <strong><a href=\"https:\/\/blog.bosswallah.ai\/msme-loan-for-new-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">MSME<\/a><\/strong>s.<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> Up to \u20b92 Crores<\/li>\n\n\n\n<li><strong>Eligibility:<\/strong> New or existing micro &amp; small enterprises.<\/li>\n\n\n\n<li><strong>Documents Required:<\/strong>\n<ul class=\"wp-block-list\">\n<li>KYC documents<\/li>\n\n\n\n<li>Proof of business activity<\/li>\n\n\n\n<li>Business plan<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> Partner banks and <strong><a href=\"https:\/\/www.rbi.org.in\/commonman\/english\/scripts\/FAQs.aspx?Id=1167#:~:text=A%20Non%2DBanking%20Financial%20Company%20(NBFC)%20is%20a%20company,securities%20of%20a%20like%20nature%2C\" target=\"_blank\" rel=\"noreferrer noopener\">NBFCs<\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>\ud83d\udccc Note: The <\/strong>Government offers a credit guarantee,<strong> so you don\u2019t need property as security.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=enrVurXXnJA\" target=\"_blank\" rel=\"noreferrer noopener\">Also Watch: CGTMSE Scheme Explained:<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size\"><strong>4. Prime Minister\u2019s Employment Generation Programme (PMEGP)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Limit:<\/strong> Up to \u20b925 Lakhs (Manufacturing) and \u20b910 Lakhs (Services)<\/li>\n\n\n\n<li><strong>Subsidy:<\/strong> 15% \u2013 35% depending on region and category<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> 11\u201312%<\/li>\n\n\n\n<li><strong>Eligibility:<\/strong> Any Indian aged above 18, with an 8th pass education.<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> <a class=\"\" href=\"https:\/\/www.kviconline.gov.in\">www.kviconline.gov.in<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\ud83d\udca1 Especially beneficial for rural entrepreneurs.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=Fy1ArP-3Ino\">Also Watch: How to Apply for PMEGP?<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-medium-font-size\"><strong>5. SIDBI\u2019s SMILE Scheme (Small Industries Development Bank of India)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Size:<\/strong> \u20b910 Lakhs to \u20b950 Lakhs<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> 8.5% to 9.5%<\/li>\n\n\n\n<li><strong>Purpose:<\/strong> To support &#8220;Make in India&#8221; manufacturing startups.<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> <a href=\"https:\/\/www.sidbi.in\" target=\"_blank\" rel=\"noreferrer noopener\">www.sidbi.in<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u2699\ufe0f Best for setting up new tech\/manufacturing units.<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>6. Udyogini Scheme<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Offered by:<\/strong> Various State Governments and NGOs.<\/li>\n\n\n\n<li><strong>Eligibility:<\/strong> Women aged 18\u201355 with family income &lt; \u20b91.5 Lakhs\/year.<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> Up to \u20b93 Lakhs<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> Often 0% or subsidised up to 6%.<\/li>\n\n\n\n<li><strong>Best For:<\/strong> Women-run handicrafts, tailoring, and <strong><a href=\"https:\/\/blog.bosswallah.ai\/food-business-50-unique-powerful-brand-name-ideas-to-savor-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">food businesses<\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>7. NSIC Credit Support Scheme<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Facilities:<\/strong> Raw material assistance, marketing support.<\/li>\n\n\n\n<li><strong>Target Audience:<\/strong> Registered small industries (SSI\/MSME)<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> Based on commercial bank terms.<\/li>\n\n\n\n<li><strong>Apply via:<\/strong> <a href=\"https:\/\/www.nsic.co.in\" target=\"_blank\" rel=\"noreferrer noopener\">www.nsic.co.in<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-90789e74efda807d1758baf29e523b7d\" id=\"documents-required-for-small-business-loans\" style=\"color:#f15f22\"><strong>Documents Required for Small Business Loans<\/strong><\/h2>\n\n\n\n<p>Here\u2019s a general checklist (may vary per scheme):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar &amp; PAN Card<\/li>\n\n\n\n<li>Business registration certificate<\/li>\n\n\n\n<li>Project\/business plan<\/li>\n\n\n\n<li>Bank statements (6\u201312 months)<\/li>\n\n\n\n<li>ITRs (for existing businesses)<\/li>\n\n\n\n<li>Caste or income certificate (for special categories)<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/blog.bosswallah.ai\/government-loan-for-dairy-farming\/\" target=\"_blank\" rel=\"noreferrer noopener\">ALSO READ | Government Loan for Dairy Farming: Schemes, Benefits, Eligibility &amp; More<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-0a5abace14a4debe3c1c176bb0128db7\" id=\"how-to-apply-for-a-small-business-loan-from-the-government\" style=\"color:#f15f22\"><strong>How to Apply for a Small Business Loan from the Government<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Identify the right loan scheme based on your business size and needs.<\/strong><\/li>\n\n\n\n<li><strong>Visit the official portal<\/strong> of the scheme or your nearest public sector bank.<\/li>\n\n\n\n<li><strong>Prepare all documents<\/strong> in advance.<\/li>\n\n\n\n<li><strong>Fill out the application online or offline.<\/strong><\/li>\n\n\n\n<li><strong>Wait for approval &amp; disbursement.<\/strong> Track status online.<\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/blog.bosswallah.ai\/best-banks-for-small-business-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">ALSO READ | 8 Best Banks For Small Business Loans in India (2025)<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-146412213a03a8d1170c554ead9e4a0d\" id=\"tips-to-get-your-business-loan-approved-faster\" style=\"color:#f15f22\"><strong>Tips to Get Your Business Loan Approved Faster<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"650\" height=\"250\" src=\"https:\/\/i0.wp.com\/blog.bosswallah.ai\/wp-content\/uploads\/2025\/07\/small-business-loan-2.png?resize=650%2C250&#038;ssl=1\" alt=\"\" class=\"wp-image-18515\" style=\"width:840px;height:auto\" srcset=\"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-2.png?w=650&amp;ssl=1 650w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-2.png?resize=300%2C115&amp;ssl=1 300w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-2.png?resize=585%2C225&amp;ssl=1 585w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/07\/small-business-loan-2.png?resize=150%2C58&amp;ssl=1 150w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Keep your <strong>CIBIL score<\/strong> above 700.<\/li>\n\n\n\n<li>Submit a <strong>clear and profitable business plan<\/strong>.<\/li>\n\n\n\n<li>Ensure <strong>all documents are valid and updated<\/strong>.<\/li>\n\n\n\n<li>Apply with a <strong>recognised public or cooperative bank<\/strong>.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Click for  <a href=\"https:\/\/msme.gov.in\/e-book-schemes-msme\" target=\"_blank\" rel=\"noreferrer noopener\">e-book on the schemes of MSME<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-text-color has-link-color has-large-font-size wp-elements-ba6f2952147846d6d045f4b34ccf8d68\" style=\"color:#f15f22\"><strong>Need Expert Guidance?<\/strong><\/p>\n\n\n\n<p>Starting a business can be challenging, but you don\u2019t have to do it alone! At Boss Wallah, our 2,000+ business experts are ready to provide valuable insights and guidance. Whether you need help with marketing, finance, sourcing, or any other area of any business,&nbsp;<strong><a href=\"https:\/\/bw1.in\/1116\" target=\"_blank\" rel=\"noreferrer noopener\">our business experts are here to help you succeed<\/a><\/strong><\/p>\n\n\n\n<p><strong>Confused about Which Business to Start?<\/strong><br>Want to start your own business but unsure which one to choose? Explore Boss Wallah, where you\u2019ll find 500+ courses by successful business owners, featuring practical, step-by-step guides on starting and growing various businesses.<br><strong><a href=\"https:\/\/bw1.in\/1111\" target=\"_blank\" rel=\"noreferrer noopener\">Find your perfect business idea today<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-2e665a7c4e91a3c6f5de00a9d5b7ff7e\" id=\"conclusion\" style=\"color:#f15f22\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Getting a <strong>small business loan<\/strong> in India is no longer complicated, thanks to multiple government schemes tailored for every entrepreneur. Whether you&#8217;re a woman, a rural craftsman, a tech founder, or a first-time trader, there&#8217;s a scheme waiting for you. With low interest rates, zero collateral options, and a step-by-step online application, 2025 is a great time to <strong>start or grow your dream business<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-8bccf05d49d2e7a1f33dfe70e578922b\" id=\"frequently-asked-questions-faqs\" style=\"color:#f15f22\"><strong>Frequently Asked Questions (FAQs)<\/strong><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1751622184320\"><strong class=\"schema-faq-question\">1. <strong>Which government loan is best for a new small business in India?<\/strong><\/strong> <p class=\"schema-faq-answer\">MUDRA Loan (Shishu or Kishor) is ideal for new businesses due to no collateral and low interest.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622522394\"><strong class=\"schema-faq-question\">2. <strong>Can I get a small business loan without collateral?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, under schemes like MUDRA and CGTMSE, you can get loans without any collateral.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622540453\"><strong class=\"schema-faq-question\">3. <strong>Is the <\/strong>CIBIL score important for government loans?<\/strong> <p class=\"schema-faq-answer\">Yes, a CIBIL score of 650+ increases chances of approval.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622557628\"><strong class=\"schema-faq-question\">4. How much loan can I get under PMEGP?<\/strong> <p class=\"schema-faq-answer\">Up to \u20b925 Lakhs for manufacturing and \u20b910 Lakhs for services.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622577225\"><strong class=\"schema-faq-question\">5. Are these loans available online?<\/strong> <p class=\"schema-faq-answer\">Yes, most schemes offer online applications through their official websites.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622593381\"><strong class=\"schema-faq-question\">6. What is the interest rate on MUDRA Loans?<\/strong> <p class=\"schema-faq-answer\">Ranges from 7% to 12%, depending on the lender and loan category.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622612317\"><strong class=\"schema-faq-question\">7. What is the minimum age to apply for a small business loan?<\/strong> <p class=\"schema-faq-answer\">You must be at least 18 years old.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622630038\"><strong class=\"schema-faq-question\">8. Are there loans only for women entrepreneurs?<\/strong> <p class=\"schema-faq-answer\">Yes, schemes like Udyogini and Stand-Up India cater to women-led businesses.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622648076\"><strong class=\"schema-faq-question\">9. Do I need a business registration to apply?<\/strong> <p class=\"schema-faq-answer\">Yes, for most schemes, a business registration is mandatory.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1751622666646\"><strong class=\"schema-faq-question\">10. Where can I apply for these loans?<\/strong> <p class=\"schema-faq-answer\">You can apply at nationalised banks, NBFCs, or online via official portals like MUDRA, Stand-Up Mitra, or SIDBI.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Get full details on the best government small business loans in 2025. 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