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Pmegp (Prime Minister Employment): Project cost: Manufacturing ₹50L, Services ₹20L; Subsidy: 15-35% of project cost (higher for rural, SC/ST, women, NER); Remaining: bank loan at concessional rate. Apply via kviconline.gov.in.
Startup fundraising · Government Funding Streams
PMEGP + MUDRA + ASPIRE + MSME Innovative Scheme
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Provisions
Ministry of MSME
Analysis
Mudra Yojana: Shishu: Up to ₹50K, early micro businesses, no DPIIT needed; Kishore: ₹50K-₹5L, growing businesses; Tarun: ₹5L-₹10L, established micro businesses; Tarun Plus (2025): ₹10L-₹20L, new category for good track record borrowers. Msme Innovative Scheme: Up to ₹15L per project for innovative MSME products; Udyam Registration (MSME) mandatory, free to register at udyamregistration.gov.in; Stand-Up India: ₹10L-₹1Cr (₹2Cr select categories) for women and SC/ST entrepreneurs; ASPIRE: agri-startup incubation through Rural Technology Business Incubators (LBI) Bank Loan Agreement: Standard terms. PMEGP subsidy received upfront and locked in Term Deposit for 3 years, released after compliance check. Do not withdraw early. Subsidy lock-in: PMEGP subsidy is clawed back if project fails within 3 years. Report actuals honestly.
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- Udyam Registration Certificate
- Project Report (DPR)
- Land/shop ownership or rent agreement
- Identity proof + address proof (promoters)
- Bank statements (6-12 months)
- Caste certificate (for SC/ST subsidy)
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