Government schemes loans in Sonipat provide subsidized financing for MSMEs, farmers, women entrepreneurs, and individuals through programs like PMMY (MUDRA), CGTMSE, and Stand-Up India, supporting economic growth.
Eligibility Criteria
Criteria
Details
Applicant Type
MSMEs, farmers, women, SC/ST entrepreneurs
Age
18–65 years
Business/Activity
Registered MSME, agriculture, or eligible activity
Credit Score
600+ (preferred, not mandatory for some schemes)
Scheme-Specific
E.g., MUDRA for micro-units, Stand-Up India for SC/ST/women
Collateral
Not required for schemes like CGTMSE (up to ₹2 crore)
Documents Required
Identity Proof: Aadhaar, PAN Card
Address Proof: Utility bill, Aadhaar
Business Proof: Udyam certificate, GST registration
Scheme-Specific: Caste certificate (Stand-Up India), project report (MUDRA)
Financials: ITR, bank statements (12 months)
Land Records: For agricultural schemes
Benefits of Government Schemes Loan in Sonipat
Loans up to ₹2 crore with subsidized rates from 7% p.a.
Collateral-free loans under CGTMSE and MUDRA
Long tenures up to 7 years
Subsidies and interest concessions for eligible applicants
Support for women, SC/ST, and rural entrepreneurs
Compare Government Schemes Loan Lenders in Sonipat
Lender
Scheme
Interest Rate
Loan Amount
Tenure
SBI
MUDRA
7% p.a.
Up to ₹10 lakh
5 years
PNB
CGTMSE
7.5% p.a.
Up to ₹2 crore
7 years
Bank of Baroda
Stand-Up India
8% p.a.
Up to ₹1 crore
7 years
Frequently Asked Questions
What are popular government schemes for loans in Sonipat?
PMMY (MUDRA), CGTMSE, Stand-Up India, and PMEGP are widely accessed.
Who can apply for a government schemes loan?
MSMEs, farmers, women, SC/ST entrepreneurs, and individuals meeting scheme criteria.
Is collateral required for these loans?
No, schemes like CGTMSE and MUDRA offer collateral-free loans up to specified limits.
How long does it take to get approved?
7–20 days, depending on the scheme and documentation.
Are there subsidies available?
Yes, interest subsidies and capital subsidies under schemes like PMEGP for eligible applicants.
What happens if I default on a government schemes loan?
Lenders may initiate recovery; credit score is impacted, but government backing may offer restructuring options.
Promotional Offers for 2025
Subsidized rates starting at 7% p.a. for government schemes loans in Sonipat
Free application assistance for schemes before 31st May 2025