Government Loan Schemes: Many schemes are run by the central government for its citizens. Different schemes are run keeping in mind the needs of different people. Often when people want to start their own business. Then they have to borrow money.
Or when they expand their business then they need money. In such a situation, if he takes a normal loan from the bank. So they have to pay a lot of interest also. But the government has some plans. In which loan is given without interest. Let us know which are these schemes.
Pradhan Mantri Swanidhi Yojana
Prime Minister Narendra Modi started this scheme in the year 2020. Under Pradhan Mantri Swanidhi Yojana, loan is provided without interest. Under this scheme, loans are given to street vendors without any interest. There is a provision to give loans ranging from Rs 10000 to Rs 50000 through this scheme. To avail the benefits of the scheme, any street vendor can go to his nearest bank. You can contact and apply for this.
Lakhpati Didi Scheme
Prime Minister Narendra Modi Started this scheme on 15 August 2023. The objective of this scheme was to promote women empowerment. Only women get the benefits of this scheme. Under the scheme, women are given training first. And after that they are given financial assistance ranging from Rs 1 lakh to Rs 5 lakh to start a business. That means a loan is given which is without interest.
Pradhan Mantri Mudra Yojana
Under this scheme run by the Central Government, loans are given to entrepreneurs to do business. However, this loan is not interest free. But it charges very low interest. Therefore, if someone wants to take nfs loan for business. So the Prime Minister can also take it under Mudra Yojana. There are three categories for this loan which are Shishu, Kishor and Tarun. Shishu loan is up to Rs 50,000. Kishore Loan ranges from Rs 50,000 to Rs 5 lakh. So Tarun loan can be given from Rs 5 lakh to Rs 10 lakh.
UP government will give interest free loan
Chief Minister of Uttar Pradesh Yogi Adityanath has announced to provide interest free loans to motivate the youth for startups. The Uttar Pradesh government will provide free interest loans up to ₹ 500,000 for startups to one lakh youth every year. The Uttar Pradesh government is soon going to implement this scheme named Mukhyamantri Yuva Udyami Vikas Abhiyan.
