National-Level Financial Assistance Programs

1. Startup India Initiative

  • Objective: To promote innovation and entrepreneurship by providing financial and regulatory support.
  • Features:
    • Easy company registration.
    • Income tax exemption for the first three years.
    • Startup fund of INR 10,000 crores for seed funding.
    • Credit guarantee scheme for startups.
    • Relaxed norms for public procurement.
  • Eligibility:
    • Must be a private limited company, LLP, or registered partnership.
    • Annual turnover should not exceed INR 100 crore.
    • Must be less than 10 years old.
  • Conditions: Must have a unique and innovative business idea.

2. Mudra Loan Scheme (Pradhan Mantri Mudra Yojana)

  • Objective: To provide financial assistance to small and micro-businesses.
  • Features: Loans up to INR 10 lakhs under three categories:
    • Shishu: Up to INR 50,000.
    • Kishore: INR 50,000 to INR 5 lakhs.
    • Tarun: INR 5 lakhs to INR 10 lakhs.
  • Eligibility:
    • Individuals, partnerships, and small businesses engaged in non-farm income-generating activities.
  • Conditions:
    • Must have a viable business plan.
    • Credit history may be considered.

3. Stand-Up India

  • Objective: To support women and SC/ST entrepreneurs.
  • Features: Loans between INR 10 lakh and INR 1 crore for setting up a greenfield project in manufacturing, services, or trading sectors.
  • Eligibility:
    • SC/ST or woman entrepreneur.
    • First-time borrower.
  • Conditions: The business must be a greenfield enterprise.

4. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

  • Objective: To provide collateral-free loans to MSMEs.
  • Features: Credit facility up to INR 2 crores with a guarantee cover of up to 85%.
  • Eligibility:
    • New and existing MSMEs.
  • Conditions: Loans are provided through partnering banks and financial institutions.

5. National Small Industries Corporation (NSIC) Schemes

  • Objective: To promote and support small-scale industries.
  • Features:
    • Credit support for raw materials and machinery.
    • Marketing assistance.
  • Eligibility: Small businesses registered under MSME.
  • Conditions: The business must adhere to MSME guidelines.

6. Atal Innovation Mission (AIM)

  • Objective: To promote a culture of innovation and entrepreneurship.
  • Features:
    • Financial support for setting up incubation centers.
    • Grant-in-aid up to INR 10 crore for selected institutions.
  • Eligibility: Startups and institutions focused on innovation.
  • Conditions: Projects must be scalable and sustainable.

State-Level Financial Assistance Programs in Telangana

1. TS-iPASS (Telangana State Industrial Project Approval and Self-Certification System)

  • Objective: To promote ease of doing business and provide financial support to industries.
  • Features:
    • Single-window clearance for all approvals within 15 days.
    • Subsidy on power and land costs.
    • Special incentives for SC/ST and women entrepreneurs.
  • Eligibility: All industries setting up in Telangana.
  • Conditions: Must comply with state industrial policies.

2. T-Hub

  • Objective: To support startups and innovation.
  • Features:
    • Access to funding, mentorship, and co-working spaces.
    • Collaboration with investors and corporations.
  • Eligibility: Startups in the ideation, scaling, or growth stages.
  • Conditions: Must demonstrate innovation and scalability..

3. Industries and Commerce Department Subsidies

  • Objective: To support MSMEs in Telangana.
  • Features:
    • 100% reimbursement of stamp duty.
    • Subsidies on capital investment and power costs.
  • Eligibility: MSMEs registered in Telangana.
  • Conditions: Businesses must align with state industrial policies.

5. We-Hub

  • Objective: To support women entrepreneurs in Telangana.
  • Features:
    • Access to funding, networking, and mentorship.
    • Exclusive support for women-led startups.
  • Eligibility: Women entrepreneurs and women-led businesses.
  • Conditions: The business idea must be innovative and scalable.

6. Kakatiya Mega Textile Park Scheme

  • Objective: To promote the textile industry in Telangana.
  • Features:
    • Incentives for setting up textile units.
    • Access to infrastructure and funding support.
  • Eligibility: Entrepreneurs in the textile sector.
  • Conditions: Businesses must be part of the textile value chain.

7. Prime Minister’s Employment Generation Programme (PMEGP)

  • Objective: To provide financial support for self-employment ventures.
  • Features:
    • Subsidy of 15%-35% on project costs.
    • Loan limits: Up to INR 25 lakh for manufacturing and INR 10 lakh for service sectors.
  • Eligibility:
    • Age above 18 years.
    • 8th standard pass for projects above INR 10 lakh.
  • Conditions: Units must be new and not have availed benefits from other schemes.