Starting a business or getting a good job is a dream for many people, but turning that dream into reality is not always easy. I work in the banking sector, I’m a graduate, and I’m also doing my MBA still, I know how tough it is to get proper experience or money to start something on your own. Many people face the same problem every day.
That’s why now the Indian Central Government, State Governments, and even some private companies are helping people by giving financial assistance through different schemes. Programs like Startup India Seed Fusnd, PMEGP, and funding platforms like LetsVenture and Tyke are supporting those who want to start a business or need job support. These schemes are giving real help to people who just need a small push to build their future.
That’s why in this article, we’re covering various financial support Schemes for businesses and employment in India as well as best government schemes for startups, explaining what they are and how to apply.
- Startup: A newly started business with a unique idea or model.
- Grant: Money you don’t have to repay.
- Collateral-free loan: A loan where you don’t need to give security (like property or gold).
- DPIIT-recognized startup: Startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT), you can do this online on the Startup India portal.
- Incubator: A government-approved place that supports startups with money, office space, and mentoring.
Find the Right Scheme
1. PM Internship Program 2025: Eligibility, Benefits, and How to Apply
This internship scheme by the government offers valuable work experience and a monthly stipend for students. It’s a fantastic opportunity to build your resume and gain industry exposure.
2. Bhabishyat Credit Card Scheme in West Bengal: A Helping Hand for New Businesses
Planning to start your own business in West Bengal? This scheme offers up to ₹5 lakhs in financial assistance to help launch your startup. Ideal for young entrepreneurs seeking easy credit and guidance.
- Collateral-free loans of up to Rs. 5 lakh.
- Subsidized interest rates for loans.
- Applicants must have a feasible business idea or plan.
3. Airavata Scheme Karnataka 2025: Benefits, Eligibility, and Application Process
This scheme supports SC/ST communities by offering driver training and financial help for vehicle purchase helping people become self-employed in the transport sector.
- Individuals belonging to SC/ST communities who has a valid driving license with a commercial cab badge they can apply.
- Financial assistance to purchase vehicles, access to subsidized loans of 5,00,000 rupees, and opportunities for self-employment for them.
- You can submit application through authorized government portals or local transport offices.
4. Startup India Seed Fund Scheme (SISFS)
What it is: Financial support for early-stage startups to turn ideas into real products.
Benefits:
- Up to ₹20 lakh for idea development and proof of concept.
- Up to ₹50 lakh for product development, trials, and market entry.
- Funding is given through approved incubators.
5. Credit Guarantee Scheme for Startups (CGSS)
What it is: Helps startups get loans from banks without offering collateral.
Benefits:
- Credit guarantee up to ₹20 crore per startup.
- Government covers 75–85% of the risk for lenders.
- Makes it easier for startups to get approved for loans.
6. NIDHI-PRAYAS (By DST)
What it is: Support for individual innovators and early startups to build their first prototype.
Benefits:
- Grant of up to ₹10 lakh to convert an idea into a working model.
- Access to labs, tools, and technical support through incubators.
- Ideal for college students, researchers, and early innovators.
7. SAMRIDH Scheme (By MeitY)
What it is: Helps tech-based startups grow faster with support from accelerators.
Benefits:
- Funding support through accelerators.
- Helps in product development, marketing, and investor connections.
- Targeted at startups with a ready product.
8. Stand-Up India Scheme
What it is: Provides loans to women and SC/ST entrepreneurs to start new businesses.
Benefits:
- Loan amount from ₹10 lakh to ₹1 crore.
- For greenfield businesses in manufacturing, services, or trading.
- At least one borrower per bank branch is supported.
9. Atal Innovation Mission (AIM)
What it is: A government initiative to promote innovation through funding and incubators.
Benefits:
- Support through Atal Incubation Centres for startup mentoring and workspace.
- Challenge-based grants like Atal New India Challenge with up to ₹1 crore.
- Focus on solving real social problems in areas like health, education, and agriculture.
10. Technology Development Board (TDB)
What it is: Helps startups bring new technologies into the market.
Benefits:
- Low-interest loan covering up to 50% of project cost.
- Option for equity participation by the board.
- Focus on technology-based products with market potential.
11. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
What it is: Offers collateral-free loans to startups and MSMEs through partner banks.
Benefits:
- Loan up to ₹5 crore without security.
- Government guarantees 50% to 85% of the loan to the bank.
- Available through over 130 approved lenders.
12. Fund of Funds for Startups (FFS)
What it is: Government investment into SEBI-registered funds that later invest in eligible startups.
Benefits:
- Provides equity funding to DPIIT-recognized startups indirectly.
- Encourages private venture capital to support Indian startups.
- Focuses on long-term growth and innovation.
13. Fund of Funds for Startups (FFS)
What it is: Government investment into SEBI-registered funds that later invest in eligible startups.
Benefits:
- Provides equity funding to DPIIT-recognized startups indirectly.
- Encourages private venture capital to support Indian startups.
- Focuses on long-term growth and innovation.
My Thoughts
I’m working right now and also thinking about starting my own business, but I know how difficult it is without money and support. That’s why I feel these financial assistance schemes are really helpful. They can give people like me a good start. I’m planning to apply for one of them, and if you also want to start a business, you should definitely check these schemes they might be the support you need.
