9 scheme(s) in this category.
Government loan schemes are made by banks and other lenders, not by the government directly. The scheme sets the terms; the lender decides whether to lend. Being eligible is necessary but not sufficient.
Collateral-free does not mean guarantee-free or unconditional: lenders still assess the proposal, and a weak business plan is refused under these schemes as under any other. No legitimate scheme uses agents or charges a fee to apply.
Ministry of Agriculture and Farmers Welfare · Central
Bank loans for building farm infrastructure such as warehouses, cold stores and processing units, with 3% interest subvention on up to Rs 2 crore per project and credit guarantee cover.
Potential benefit Up to ₹2,00,00,000 loan amount eligible for interest subvention, per project per location
Ministry of Housing and Urban Affairs · Central
A home loan interest subsidy of up to Rs 1.80 lakh for economically weaker, low and middle income households in cities buying or building a house worth up to Rs 35 lakh.
Potential benefit Up to ₹1,80,000 one time, released in 5 yearly instalments
Ministry of Agriculture and Farmers Welfare · Central
A bank credit card for farmers giving short-term crop loans at a concessional interest rate, with an interest subvention that can bring the effective rate down to 4% a year on prompt repayment.
Potential benefit Up to ₹5,00,000 loan limit covered by interest subvention
Ministry of Housing and Urban Affairs · Central
Collateral-free working capital loans for street vendors, starting at up to Rs 15,000 and rising to Rs 50,000 on timely repayment, with an interest subsidy and cashback for digital payments.
Potential benefit ₹15,000 – ₹50,000 per loan tranche
Ministry of Micro, Small and Medium Enterprises · Central
Recognition, skill training with a daily stipend, a Rs 15,000 toolkit voucher and cheap collateral-free loans for traditional artisans.
Potential benefit ₹15,000 – ₹3,00,000 package
Ministry of Finance · Central
A zero-balance bank account for people who do not have one, with a free RuPay debit card carrying accident insurance cover and an overdraft facility of up to Rs 10,000 for eligible account holders.
Potential benefit ₹10,000 – ₹2,00,000
Ministry of Finance · Central
Collateral-free business loans up to Rs 20 lakh for small non-farm enterprises, through banks and other lenders.
Potential benefit ₹50,000 – ₹20,00,000 loan amount
Ministry of Education · Central
Collateral-free, guarantor-free education loans for students admitted to 860 top institutions, plus 3 percent interest help on loans up to Rs 10 lakh for families earning up to Rs 8 lakh a year.
Ministry of Micro, Small and Medium Enterprises · Central
Bank loan plus a government subsidy of 15 to 35 per cent to help you set up a new micro enterprise.