Pradhan Mantri MUDRA Yojana (PMMY)

Open all year MUDRA (Micro Units Development and Refinance Agency), through banks, MFIs and NBFCs All of India

Loan

Up to ₹20 lakh: Shishu ₹50,000, Kishor ₹5 lakh, Tarun ₹10 lakh, Tarun Plus ₹20 lakh

Apply on the official site

What it funds: Bank loans up to ₹20 lakh for non-corporate micro and small businesses
Who can apply: Non-corporate, non-farm micro or small businesses
Companies are not covered by this scheme
Tarun Plus needs a repaid Tarun loan
When you can apply: Open all year
How to apply: Apply at a bank, RRB, small finance bank, MFI or NBFC, or on Udyami Mitra
Best for: Idea, Prototype, Early revenue stage
Run by: Government of India

Prime Minister's Employment Generation Programme (PMEGP)15% to 35% of a project up to ₹50 lakh (₹20 lakh for services) Open all year
Promoting Innovations in Individuals, Startups and MSMEs (PRISM)Up to ₹20 lakh (Phase I); up to ₹50 lakh (Phase II) Open all year
Rice Business Plan Competition$950 to $25,000 in cash prizes; top places win investment Opens 9 Nov 2026
Special Credit Linked Capital Subsidy Scheme (SCLCSS) for SC/ST Enterprises25% of machinery cost, up to ₹25 lakh Open all year
Start-Up Chile BuildCLP 15 million (about USD 15,000) Opening soon
Start-Up Chile IgniteCLP 25 million, plus a possible CLP 20 million extension Opening soon

Starter opens 30 grants in full. Pro opens every one.