Get government money to start a business! Business News | Government Loan Scheme

Everyone today needs to establish their own business, regardless of age. Everyone wants to do this, but in order to do so, you need to have the funds to launch your company, and this is where most individuals fall short. Because it becomes extremely difficult to secure capital for the firm, either the idea to launch the business is abandoned or it is delayed till a later date. The government offers several forms of financial assistance to the company in such a circumstance to sustain it.

Government trying to improve the economy

By 2024, the Indian economy is expected to grow to $5 trillion in size thanks to initiatives made by the government. The expansion of small and medium-sized businesses is crucial for making this goal a reality. The Prime Minister's Employment Generation Programme (PMEGP) encourages small company owners to launch their own enterprises.

A sort of credit-linked subsidy programme run by the Ministry of Micro, Small, and Medium Enterprises (MSME Ministry) is the Prime Minister's Employment Generation Programme. The nodal agency to carry out this programme is the Khadi Village Industry Commission Nodal Agency (KVIC). At the state level, this plan will be carried out through KVIC, KVIB, and District Industries Centre.

C