Prime Minister's Employment Generation Programme (PMEGP)

Open all year Ministry of MSME, run by KVIC with state KVIBs and District Industries Centres All of India

Subsidy

15% to 35% of a project up to ₹50 lakh (₹20 lakh for services)

Apply on the official site

What it funds: Margin money subsidy on a bank loan to set up a new micro enterprise
Who can apply: Any individual above 18; no income ceiling
Class VIII pass for projects above ₹10 lakh (₹5 lakh service)
New units only; no earlier government subsidy
Higher rate for women, SC/ST, rural and North East
When you can apply: Open all year
How to apply: Apply online on the PMEGP portal; your application goes to the bank you choose
Best for: Idea, Prototype stage
Run by: Government of India

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
Stand-Up IndiaBank loan of ₹10 lakh to ₹1 crore 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
Biotechnology Industry Partnership Programme (BIPP)Amount set per project (cost shared with the company) Closed

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