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Government Loan Schemes India 2026

Find the right government scheme for you. From Mudra loans for small business to PMAY housing subsidy — check what you're eligible for, completely free.

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All Government Loan Schemes 2026

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Small Business

Pradhan Mantri Mudra Yojana

Also known as: PM Mudra

Provides loans to non-corporate small and micro enterprises for income-generating activities. Covers Shishu (up to ?50K), Kishore (up to ?5L), Tarun (…

Loan Amount
Up to ?10,00,000
Interest Rate
Market rate (varies by bank)
🎁 Subsidy/Benefit: Interest subvention for specific categories
Who is Eligible?

Any Indian above 18 years running non-farm micro/small enterprise. No CIBIL requirement for Shishu loans.

How to Apply?

Visit nearest bank/NBFC branch or apply online at mudra.org.in. Fill Mudra Loan Application form.

Small Business

PM SVANidhi – Street Vendor Loan

Also known as: PM SVANidhi

Micro-credit facility for street vendors to resume livelihoods affected by COVID-19. Collateral-free working capital loans.

Loan Amount
First: ?10,000 | Second: ?20,000 | Third: ?50,000
Interest Rate
7% p.a. with interest subsidy
🎁 Subsidy/Benefit: 7% interest subsidy on timely repayment
Who is Eligible?

Street vendors with vending certificate or letter of recommendation from Urban Local Body.

How to Apply?

Apply through PM SVANidhi Mobile App or visit bank branch. Ensure you have vendor certificate from ULB.

Housing

Pradhan Mantri Awas Yojana – Urban

Also known as: PMAY-U

Credit linked subsidy scheme (CLSS) making home loans affordable for EWS, LIG and MIG categories.

Loan Amount
EWS/LIG: ?6L subsidy | MIG-I: ?2.35L | MIG-II: ?2.30L (on eligible loan amount)
Interest Rate
Interest subsidy on 6.5% to 3%
🎁 Subsidy/Benefit: Up to ?2.67 lakh interest subsidy
Who is Eligible?

EWS: Annual income up to ?3 lakh. LIG: ?3-6 lakh. MIG-I: ?6-12 lakh. MIG-II: ?12-18 lakh. First-time home buyers only.

How to Apply?

Apply through any bank/HFC under PMAY. Visit your nearest bank and mention PMAY CLSS benefit.

Agriculture

Kisan Credit Card Scheme

Also known as: KCC

Short-term credit needs of farmers for crop cultivation, post-harvest expenses, maintenance of farm assets and allied activities.

Loan Amount
Based on cultivation cost + 10% for post-harvest | Max ?3 lakh for interest subvention
Interest Rate
4% p.a. with interest subvention (effective rate after 3% subvention)
🎁 Subsidy/Benefit: 3% interest subvention for timely repayment
Who is Eligible?

All farmers – individual or joint borrowers, tenant farmers, oral lessees, share croppers, SHGs. No minimum land holding.

How to Apply?

Visit nearest bank branch especially cooperative banks, RRBs, commercial banks. Fill KCC application form.

Small Business

PM Employment Generation Programme

Also known as: PMEGP

Credit-linked subsidy scheme to generate employment through establishment of micro-enterprises in non-farm sector.

Loan Amount
Manufacturing: Up to ?50 lakh | Service: Up to ?20 lakh
Interest Rate
Bank rate (7-11% approx)
🎁 Subsidy/Benefit: General: 15-25% | Special categories: 25-35% subsidy on project cost
Who is Eligible?

Age 18+ for loans above ?10 lakh in manufacturing (8th standard pass). No income ceiling. Existing enterprises not eligible.

How to Apply?

Apply online at kviconline.gov.in/pmegp. Attend EDP training after initial approval.

Small Business

Stand Up India

Facilitates bank loans between ?10 lakh and ?1 crore to at least one SC or ST borrower and at least one woman borrower per bank branch for setting up …

Loan Amount
?10 lakh to ?1 crore
Interest Rate
Base Rate + 3% + Tenor Premium (max 11%)
🎁 Subsidy/Benefit: Margin money subsidy in some cases
Who is Eligible?

SC/ST or Women entrepreneur. Setting up new (greenfield) business in manufacturing, trading or services.

How to Apply?

Apply at standupmitra.in or visit your bank branch. Mention Stand Up India scheme specifically.

Women / SC/ST

National Rural Livelihood Mission

Also known as: NRLM / DAY-NRLM

Provides affordable credit to self-help groups (SHGs) to reduce rural poverty and empower women.

Loan Amount
Up to ?5 lakh per SHG initially | Up to ?25 lakh in later cycles
Interest Rate
7% p.a. with subvention (effective 4%)
🎁 Subsidy/Benefit: Interest subvention of 3-7% for timely repayment
Who is Eligible?

Women SHG members in rural areas. SHG must have regular meetings and savings for 6+ months.

How to Apply?

Contact nearest Block office or District Rural Development Agency (DRDA) to form/join an SHG.

General

PM Jan Dhan Yojana Overdraft

Also known as: PMJDY OD

Overdraft facility up to ?10,000 for Jan Dhan account holders without any collateral or guarantor.

Loan Amount
Up to ?10,000 (?2,000 without conditions for any account holder)
Interest Rate
Bank MCLR + 2%
🎁 Subsidy/Benefit: No subsidy
Who is Eligible?

All PMJDY account holders above 18 years. Account should be active for at least 6 months. Preferably women account holders.

How to Apply?

Apply at your bank branch where PMJDY account is held. Submit OD application form.

⚠️ Disclaimer: Scheme details are subject to change by the government. Always verify current eligibility and application process on official government portals before applying. Rin Mitra does not represent any government body.