Uttarakhand, the land of Gods, is a state in northern India that offers many opportunities for MSMEs to flourish. The state government has launched several loan schemes for MSMEs to provide them with financial assistance and support their growth. In this blog, we will discuss some of the loan schemes available for MSMEs in Uttarakhand.

  • Mukhya Mantri Swarozgar Yojana:

The Mukhya Mantri Swarozgar Yojana (MMSY) is a state government scheme that aims to provide financial assistance to unemployed youth and help them start their own businesses. Under this scheme, a loan of up to Rs. 25 lakh is provided at a subsidized interest rate to eligible entrepreneurs. The scheme is available to all genders and social categories, and the age limit is between 18 and 45 years.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural/UrbanState Govt./Central Govt.
Mukhya Mantri Swarozgar YojanaAllNot specified18-45AllAllRural/UrbanState Govt.

 

  • Mukhya Mantri Yuva Swavalamban Yojana:

The Mukhya Mantri Yuva Swavalamban Yojana (MMYSY) is another state government scheme that aims to promote entrepreneurship among the youth. Under this scheme, a loan of up to Rs. 25 lakhs is provided at a subsidized interest rate to eligible entrepreneurs. The scheme is available to all genders and social categories, and the age limit is between 18 and 40 years. Additionally, the scheme provides skill training and entrepreneurship development programs to the beneficiaries.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural/UrbanState Govt./Central Govt.
Mukhya Mantri Yuva Swavalamban YojanaAllNot specified18-40AllAllRural/UrbanState Govt. 

  • Swayam Siddha Yojana

The Swayam Siddha Yojana is a scheme aimed at providing financial assistance to women entrepreneurs who are looking to set up new enterprises in the state of Uttarakhand. The scheme offers a subsidy of up to 30% of the total project cost, subject to a maximum of Rs. 7.5 lakhs. In addition, the government also provides training, marketing assistance, and other support to these entrepreneurs.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural / UrbanState/Central Govt.
Swayam Siddha YojanaWomen10th pass18-45 yearsAll categoriesPrimary/Manufacturing/ServiceRural/UrbanState Govt.

  • Startup and Innovation Policy

: The Uttarakhand Startup and Innovation Policy aims to promote entrepreneurship and innovation in the state by providing financial support to startups. The policy offers financial assistance of up to Rs. 50 lakhs to startups in the form of equity funding, soft loans, and grants. In addition, the policy also provides other benefits such as tax exemptions, infrastructure support, and mentorship.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural / UrbanState/Central Govt.
Startup and Innovation PolicyAllSkill and Innovation based18 +All categoriesPrimary/Manufacturing/ServiceRural/UrbanState Govt.

  • Integrated Development of Horticulture

The Integrated Development of Horticulture (IDH) is a centrally sponsored scheme aimed at promoting horticulture in the state of Uttarakhand. The scheme provides financial assistance to farmers, individuals, and organizations for the development of horticulture, including fruits, vegetables, spices, flowers, and aromatic plants. The assistance is provided for activities such as setting up orchards, nurseries, post-harvest infrastructure, and marketing infrastructure.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural / UrbanState/Central Govt.
Integrated Development of HorticultureBothField Relevant Skill and Knowledge18+All categoriesHorticultureRural/UrbanCentral Govt.

  • Deen Dayal Upadhyaya Swavalamban Yojana

The Deen Dayal Upadhyaya Swavalamban Yojana is a scheme aimed at promoting self-employment and entrepreneurship in the state of Uttarakhand. The scheme provides financial assistance in the form of a subsidy of up to 25% of the project cost, subject to a maximum of Rs. 1 lakh, to individuals who are setting up their own enterprises. The scheme also provides training and marketing support to these entrepreneurs.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural / UrbanState/Central Govt.
Deen Dayal Upadhyaya Swavalamban YojanaAllAll18-40 yearsAll categoriesPrimary/Manufacturing/ServiceRural/UrbanState Govt.

  • Mukhyamantri Gramodyog Swarozgar Yojana for women 

The Mukhyamantri Swarozgar Yojana for Women provides financial assistance to women entrepreneurs for setting up their own businesses. The scheme provides up to 35% subsidy for project costs, with a maximum subsidy amount of INR 10 lakhs. The scheme is applicable to both rural and urban areas.

Scheme nameGenderQualificationAge groupSocial categoryIndustry profileRural/UrbanState/Central govt
Mukhyamantri Swarozgar Yojana for WomenWomenNot specified18-35Not specifiedPrimary/Manufacturing/ServiceRural/UrbanState

  • Mahila Udyam Nidhi Scheme:

The Mahila Udyam Nidhi Scheme is a loan scheme designed exclusively for women entrepreneurs in the state of Uttarakhand. This scheme aims to provide financial assistance to women who want to set up their own business ventures in the MSME sector. The loan amount can range from Rs. 10,000 to Rs. 10 lakh, and the repayment period can vary from 3 to 7 years. The interest rate for this loan scheme is fixed at 12% per annum.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural/UrbanState Govt./Central Govt.
Mahila Udyam Nidhi SchemeWomenNot specifiedNot specifiedNot specifiedMSME sectorRural/UrbanCentral Govt.

  • Ambedkar Udyog Sahayata Yojana:

The Ambedkar Udyog Sahayata Yojana is a loan scheme that provides financial assistance to entrepreneurs from the SC/ST community in the state of Uttarakhand. This scheme aims to promote entrepreneurship and economic development among the SC/ST community. The loan amount can range from Rs. 50,000 to Rs. 1 crore, and the interest rate for this scheme is fixed at 4% per annum.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural/UrbanState Govt./Central Govt.
Ambedkar Udyog Sahayata YojanaNot specifiedNot specifiedNot specifiedSC/ST communityMSME sectorRural/UrbanState Govt.
  • Mahila Vikas Nidhi Scheme:

The Mahila Vikas Nidhi Scheme is a loan scheme designed exclusively for women entrepreneurs in the state of Uttarakhand. This scheme aims to provide financial assistance to women who want to set up their own business ventures in the MSME sector. The loan amount can range from Rs. 10,000 to Rs. 10 lakh, and the repayment period can vary from 3 to 7 years. The interest rate for this loan scheme is fixed at 12% per annum.

Scheme NameGenderQualificationAge GroupSocial CategoryIndustry ProfileRural/UrbanState Govt./Central Govt.
Mahila Vikas Nidhi SchemeWomenNot specifiedNot specifiedAllManufacturing/ServiceBothState Govt.

In conclusion, Uttarakhand offers several loan schemes to support the growth of MSMEs in the state. These schemes cover a wide range of industries and sectors and cater to the diverse needs of entrepreneurs and businesses. With the support of these schemes, entrepreneurs and MSMEs can access affordable credit and other financial assistance to help them overcome their business challenges and achieve their growth objectives.

 

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