Benefits of the CMEGP Loan Scheme for Small Businesses
Benefits of the CMEGP Loan Scheme for Small Businesses The Credit-linke d Capital Subsidy Scheme for Micro and Small Enterprises (CMEGP) is a flagship initiative of the Government of India designed to boost entrepreneurship and make formal credit accessible to small businesses. This scheme provides subsidised financial support for setting up new units or expanding existing enterprises in the manufacturing and service sectors. For many startups and small business owners, CMEGP serves as a stepping-stone to secure affordable credit, purchase machinery, and scale operations efficiently. In this blog, we’ll explore the key benefits of the CMEGP loan scheme , eligibility criteria, common use cases, and how it strengthens the financial stability of small enterprises. What Is the CMEGP Scheme? CMEGP (Credit-linked Capital Subsidy for Micro and Small Enterprises) is a government initiative that offers a capital subsidy to new small businesses on the purchase of plant and machinery or te...