What are Grants? 

Micro Units Development Refinance Agency (MUDRA) banks have been created to enhance credit facilities and boost the growth of small businesses in rural areas. The government has introduced this scheme to support small businesses in India. In 2015, the government allocated INR 10,000 crores to promote startup culture in the country. The MUDRA banks provide startup loans of up to INR 10 lakhs to small enterprises, and businesses, which are non-corporate, and non-farm small/micro-enterprises. MUDRA comes under Pradhan Mantri Mudra Yojana (PMMY) which was launched on 8 April 2015. The loans have been categorized as Tarun, Kishore, and Shishu. The assets are created through the bank’s finance and there is no collateral security. Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products/ schemes. The interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to : Shishu : covering loans upto 50,000/- Kishor : covering loans above 50,000/- and upto 5 lakh Tarun : covering loans above 5 lakh and upto 10 lakh

TePP provides grants at various stages - conceptualization, fabrication, development, trial, and application upto commercialisation.

The Government of India formed a fund of INR 10,000 Crores to accelerate the growth of the Indian startup ecosystem. The Fund was set up as a Fund of Funds for Startups (FFS). FFS does not invest in startups directly but provides capital to SEBI-registered Alternate Investment Funds (AIFs), known as daughter funds, which in turn invest money in high-potential Indian startups. SIDBI has been given the mandate of managing the FFS through the selection of daughter funds and overseeing the disbursal of committed capital. Funding is provided to startups across different life cycles.

Numaligarh Refinery Limited (NRL) in 2017, launched an initiative called ‘NRL iDEATION’ with a mission to provide a robust platform for the startup eco-system in the NE region, by providing incubation, mentoring & funding to ideas based on ‘Original Thinking’.

National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India. The Government of India announced the creation of the Dairy Processing and Infrastructure Development Fund under NABARD in the Union Budget of 2017-18 for the sustained benefit of farmers.

The Procurement and Marketing support Scheme would promote and educate MSMEs by organising trade fairs/awareness programs about GeM portal, Online services and other services. The scheme also encourage Micro and Small Entreprises to develop domestic markets and find new ways of  promotion of new market access initiatives. It will also cover activites required to facilitate market linkages for effective implementation of Public Procurement Policy for MSEs Order of 2012.

Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material (both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products.

Oriental Bank of Commerce launched the scheme, women with an ownership of 51 percent share capital individually or jointly in a proprietary concern can avail a loan through the Orient Mahila Vikas Yojana. There is collateral required for loans between Rs. 10 lakhs to Rs. 25 lakhs. The repayment tenure of the loan is seven years. Orient Mahila Vikas Yojana Scheme also provides a concession on the interest rate of up to 2 percent.