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Top 5 Government Programs In India For New Start-ups And MSMEs

start-ups and MSMEs

Do you have a start-up and an idea for a product or a service? You’re not alone. Currently, more than 80 million biological, digital and virtual entities are registered as start-up companies in India. Start-ups and MSMEs are the future of India’s economy and will only grow from here on. The question is: Where do you start?

MSMEs and start-ups in India need help to stay afloat with their limited resources. On the one hand, they need capital for expansion; on the other, they need business-friendly policies to help them grow. 

At times like these, government schemes come in to help these small businesses and start-ups. Government support is one of the biggest reasons start-ups and MSMEs can thrive. There are a lot of government initiatives so that small businesses can be nurtured and given a boost. The right government schemes make it easier for businesses to raise capital and grow. Here’s our list of the top 5 government schemes that can help you start your business or expand your existing one as an entrepreneur or a maker of MSME products or services.

Pradhan Mantri Mudra Yojana:

Micro Units Development and Refinance Agency Ltd. (MUDRA) is a non-banking financial business that promotes the growth of India’s micro-enterprise sector. MUDRA provides refinancing assistance to banks and lending businesses to lend to micro units with credit requirements of up to INR 10 lakhs. The loans have been separated into Tarun, Kishore, and Shishu categories based on the growth stage, finance needs, firm age, and the amount of credit these enterprises may obtain. These assets are not secured.

This loan is provided for several activities that generate money and create jobs. It is mainly made available to service providers, shop owners, and street sellers. There are also start-up loans available for current assets and vehicles. As a result, it is a special program designed to support Indian business owners.


Many people in India still rely on agriculture as a source of income; a sizable section of the population lives in rural regions. As a result, this program began with the intention of creating jobs and building businesses in the agriculture sector. It equips company owners with the information they need to launch their enterprises, become employers, and guarantee their sustainability. This initiative seeks to promote economic development at the district level from the ground up.


The Department of Electronics and Information Technology introduced the SIP-EIT (Support for International Patent Protection in Electronics and Information Technology)initiative to offer government assistance to technology start-ups and Micro, Small and Medium Enterprises in India for submitting foreign patent applications. As a result, innovation is promoted, brand awareness increases and the value and potential of having international intellectual property protection are acknowledged. The technology, communication, and electronics industries are given financial support. The qualified entities may apply at any point throughout the procedure for submitting an international patent. The reimbursement cap is set at INR 15 lakh for each innovation, or 50% of the total expenditures paid when filing and processing the application, whichever is lower.


The government is well aware of how technology can support Indian MSMEs and entrepreneurs in their worldwide competition. As a response, the government created the Credit Linked Capital Subsidy for Technology Upgrading (CLCSS) Government Scheme, which provides MSMEs and start-ups with financial support to update their technology and implement cutting-edge technological platforms for their firms. Through the CLCSS program, the government of India offers a 15% subsidy for investments made for start-ups and MSMEs in India to improve their technology which is up to Rs 1 crore. The range of products and services covered by this government program exceeds 7500.


The Ministry of MSME established the Credit Guarantee Fund Trust for Micro and Small Enterprises, the Government of India and the Small Industries Development Bank of India to conduct the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTSME). This initiative facilitates credit flow to the MSE sector and improves the start-up loan delivery system. It provides start-up loans at considerably discounted rates and without the need for collateral to start-ups, small businesses, and micro-level firms. A working capital (or) a term loan can be used to obtain a loan through the program, primarily for manufacturing or service-based businesses.


Technology has the potential to transform industries, boost businesses, create jobs, and enhance existing businesses. Unfortunately, there are still a lot of barriers that hinder companies from taking advantage of technology. A governmental initiative, like the schemes mentioned above, can help MSMEs and start-ups overcome these obstacles and start implementing the most cutting-edge technology and business models. Government schemes are a great way for start-ups and MSMEs in India to receive financial support and grow their business. They can help you raise capital, expand your operations, and take advantage of government discounts and benefits.

So, Make a smart business plan for your start-up, take benefit of the above government schemes and let Growcify handle the bother of starting a website or mobile application.

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