By Swift Financial Solutions · Bengaluru · updated Oct 2026

Swift Funding Matcher

Central and Karnataka schemes for MSMEs, women-led businesses and startups: credit guarantees (CGTMSE, CGSS), capital subsidies, grants and reimbursements. Use the matcher to qualify a prospect in a few minutes, then use the funnel and process sections to take them through to sanction.

Central schemes: 17Karnataka schemes: 13Amounts in ₹ · L = lakh · Cr = crore
Step 1 · Qualify

Match a prospect to schemes

Fill in what you know from the first call. Schemes are scored on hard eligibility (stage, category, sector, location, registrations) and on fit with what the client needs. Missing registrations show as gaps you can fix for them.

Use planned investment in plant, machinery and equipment. A unit must also stay under the turnover limit (₹10 Cr / ₹100 Cr / ₹500 Cr). A greenfield unit has zero turnover, so it is classified on investment alone.
Promoter category
Zone decides the state capital-subsidy rate. Check the taluk list in the Industrial Policy annexure.
Time for machinery, installation, licences and trial batches. Above 0, the results show moratorium terms and a project timeline.
Registrations already held
Digital track record (for bank auto-sanction)
Pre-filled with a sample profile: a first-time woman founder setting up a micro manufacturing unit in a Zone 2 taluk, needing ₹40 L.

Send these results to an advisor →

7 schemes matchedTier A · ready to propose

Unlock more by completing: Needs Udyam registration · Needs Udyam

Suggested stack: Stand-Up India + CGTMSE cover + PMEGP. Loan schemes and guarantees usually combine; a state capital subsidy can sit on top of a bank loan. PMEGP and Mudra cannot both fund the same project.

Bank route

  • Branch / SME centre appraisal. No GST, ITR or bank history, so the rules engine has nothing to score. File a full DPR at an SBI SME-intensive branch or a PSB MSME centre for manual appraisal with CGTMSE cover. This is the route for greenfield projects.
  • Stand-Up Mitra portal. Online application for Stand-Up India loans to any scheduled bank.
  • JanSamarth portal. One application for government credit-linked schemes; it routes to 200+ lenders.
95FIT

Stand-Up India

CentralLoan

Greenfield unit by a woman / SC-ST promoter in the ₹10 L–₹1 Cr band. Ticket: ₹10 L – ₹1 Cr. Apply: standupmitra.in or any scheduled bank branch.

90FIT

CGTMSE

CentralCredit guarantee

90% cover as a women-led unit; avoids collateral on the ₹40 L ask. Ticket: Up to ₹10 Cr. Apply: Any bank, NBFC or SFB (member lending institution).

Needs Udyam registration

85FIT

KSFC women interest subsidy

KarnatakaLoan

Effective interest about 4% for 5 years on a KSFC loan. Ticket: Up to ₹2 Cr. Apply: Karnataka State Financial Corporation branch.

80FIT

PMEGP

CentralSubsidy≈ ₹14.0 L subsidy

Project within the ₹50 L cap; margin money at 35% (assumes rural location — confirm). Ticket: Project ≤ ₹50 L mfg / ≤ ₹20 L service. Apply: KVIC PMEGP e-portal; KVIB / DIC in Karnataka.

75FIT

Karnataka MSME capital subsidy

KarnatakaSubsidyup to ≈ ₹10.0 L on fixed assets

25% of fixed assets in this zone; special-category promoter gets a higher rate, cap ₹35 L. Ticket: ₹10–35 L subsidy. Apply: District Industries Centre / Commissionerate of Industrial Development.

55FIT

First-time entrepreneur term loan

CentralLoanCheck status

First-time woman / SC-ST founder; confirm the scheme is live at the bank. Ticket: Up to ₹2 Cr. Apply: Banks (operational guidelines to be confirmed).

55FIT

MSME ZED Certification

CentralReimbursement

Free certification for a women-owned MSME; also cuts CGTMSE fee. Ticket: Certification. Apply: zed.msme.gov.in.

Needs Udyam

Free consultation

Get your funding plan

Send us your matched schemes. A Swift Financial Solutions advisor will call within one working day with the documents you need and the lenders to approach.

Step 2 · Reference

Scheme register

Every scheme in the matcher, with ticket size, who qualifies, where to apply and the application steps. Filter by level, type or segment.

SchemeTypeBenefitTicketWho qualifiesApply viaStatus
CGTMSECredit Guarantee Fund Trust for Micro & Small Enterprises
CentralCredit guarantee
 Collateral-free loans; guarantee cover 75–85%, 90% for women-led units; annual fee from 0.37% (≤₹10 L) to 1.20% (₹8–10 Cr)Up to ₹10 CrNew or existing micro & small units, manufacturing / services / some retail, with Udyam Any bank, NBFC or SFB (member lending institution)
Steps
  1. Get Udyam registration
  2. Apply for term loan / working capital at a bank
  3. Bank sanctions and applies for cover
  4. Pay annual guarantee fee
  5. Loan disbursed without collateral
 Open
CGSSCredit Guarantee Scheme for Startups (NCGTC)
CentralCredit guarantee
 Guarantee on bank / NBFC / venture-debt loans to startupsUp to ₹20 Cr per borrowerDPIIT-recognised startups Scheduled banks, NBFCs, SEBI-registered venture debt funds
Steps
  1. Obtain DPIIT recognition
  2. Approach a lender with a debt proposal
  3. Lender applies for CGSS cover
  4. Disbursement
 Open
MCGS-MSMEMutual Credit Guarantee Scheme for MSMEs
CentralCredit guarantee
 60% guarantee to lenders for plant & machinery loans; up to 8 years with 2-year moratorium (loans ≤ ₹50 Cr)Up to ₹100 CrMSMEs with Udyam buying equipment (≥75% of project cost) Banks / NBFCs registered with NCGTC
Steps
  1. Udyam registration
  2. Project with ≥75% machinery cost
  3. Bank sanctions and applies for cover
 Open
PM Mudra YojanaShishu / Kishor / Tarun / Tarun Plus
CentralLoan
 Collateral-free loans: Shishu ≤ ₹50k, Kishor ≤ ₹5 L, Tarun ≤ ₹10 L, Tarun Plus ₹10–20 L (repeat borrowers only)Up to ₹20 LNon-corporate, non-farm micro units: manufacturing, trading, services, allied agri Banks, RRBs, SFBs, NBFCs, MFIs; JanSamarth portal
Steps
  1. Choose category by amount
  2. Apply at a bank or on JanSamarth
  3. Submit KYC and business plan
  4. Sanction and disbursal
 Open
Stand-Up IndiaGreenfield loans for women and SC/ST
CentralLoan
 Composite term loan + working capital for a first enterprise; eligible for credit guarantee₹10 L – ₹1 CrWomen or SC/ST promoters aged 18+, greenfield unit in manufacturing, services, trading or agri-allied standupmitra.in or any scheduled bank branch
Steps
  1. Register on standupmitra.in
  2. Get handholding if needed
  3. Bank appraises DPR
  4. Sanction; promoter margin per bank norms
 Open
First-time entrepreneur term loanBudget 2025-26 scheme for women, SC & ST
CentralLoan
 Term loans up to ₹2 Cr for 5 lakh first-time entrepreneurs over five years, with capacity buildingUp to ₹2 CrFirst-time women, SC and ST entrepreneurs Banks (operational guidelines to be confirmed)
Steps
  1. Confirm operational guidelines with the bank
  2. Prepare DPR
  3. Apply at the bank
 Check status
PMEGPPrime Minister's Employment Generation Programme
CentralSubsidy
 Margin-money subsidy: general 15% urban / 25% rural; special category (women, SC/ST, OBC, minority…) 25% urban / 35% rural; locked 3 yearsProject ≤ ₹50 L mfg / ≤ ₹20 L serviceNew units only, individuals 18+; 8th pass for larger projects; not for existing units' expansion (except 2nd loan) KVIC PMEGP e-portal; KVIB / DIC in Karnataka
Steps
  1. Apply online on the KVIC PMEGP portal
  2. District task force interview
  3. Bank sanction
  4. Complete EDP training
  5. Margin money released, held 3 years, then adjusted
 Open
PMFMEPM Formalisation of Micro Food Processing Enterprises
CentralSubsidy
 35% credit-linked capital subsidy, max ₹10 L per unit; groups up to ₹3 Cr; SHG seed capital ₹40,000/memberSubsidy ≤ ₹10 LMicro food-processing units, individuals, FPOs, SHGs, co-ops PMFME portal; KAPPEC is the Karnataka nodal agency
Steps
  1. Register on the PMFME MIS portal
  2. District resource person prepares DPR
  3. Bank loan sanction
  4. Subsidy released against loan
 Check status
PM VishwakarmaFor artisans in 18 traditional trades
CentralLoan
 ₹15,000 toolkit grant, training with ₹500/day stipend, collateral-free loan ₹1 L + ₹2 L at 5%Up to ₹3 LSelf-employed artisans in listed trades (carpenter, potter, tailor, smith…) PM Vishwakarma portal via CSC; Gram Panchayat / ULB verification
Steps
  1. Register through a CSC
  2. Three-tier verification
  3. Skill training and toolkit voucher
  4. Apply for first tranche loan
 Open
MSME ZED CertificationZero Defect Zero Effect
CentralReimbursement
 Certification cost subsidy 80% micro / 60% small / 50% medium; 100% for women-owned; up to ₹2 L handholding; CGTMSE fee concessionCertificationUdyam-registered MSMEs zed.msme.gov.in
Steps
  1. Register on the ZED portal
  2. Take the Bronze pledge and self-assessment
  3. Upgrade to Silver / Gold with site assessment
 Open
Startup India Seed FundSISFS
CentralGrant
 Grant for proof of concept and prototype, then debt / convertibles for market entry, through incubatorsUp to ₹70 L totalDPIIT-recognised startups, generally ≤ 2 years old seedfund.startupindia.gov.in (apply to up to 3 incubators)
Steps
  1. DPIIT recognition
  2. Apply to incubators on the portal
  3. Incubator committee pitch
  4. Milestone-based release
 Check status
BIRAC BIGBiotechnology Ignition Grant
CentralGrant
 Grant-in-aid up to ₹50 L over 18 months, idea to proof of conceptUp to ₹50 LBiotech companies / LLPs ≤ 5 years old, or individuals; via a BIG partner incubator birac.nic.in (call-based, roughly twice a year)
Steps
  1. Pick a BIG partner incubator
  2. Submit proposal in the call window
  3. Screening and expert review
  4. Milestone-linked tranches
 Call-based
Karnataka MSME capital subsidyIndustrial Policy 2025–30
KarnatakaSubsidy
 Capital subsidy on value of fixed assets: Zone 1 30% (≤ ₹30 L), Zone 2 25% (≤ ₹25 L), Zone 3 10% (≤ ₹10 L, Bengaluru Rural); special categories higher, capped at ₹35 L; stamp duty exemption Zone 1–2₹10–35 L subsidyManufacturing MSMEs outside Bengaluru Urban; existing units need ≥25% capex increase District Industries Centre / Commissionerate of Industrial Development
Steps
  1. Udyam + DIC registration
  2. Confirm taluk zone
  3. Commence commercial production
  4. File subsidy claim with DIC within the policy window
 Open
KSFC women interest subsidyKSFC loan + KSWDC interest share
KarnatakaLoan
 KSFC term loan at about 14%, of which KSWDC pays 10% for 5 years; borrower pays about 4%Up to ₹2 CrWomen entrepreneurs setting up small / medium industries and services in Karnataka Karnataka State Financial Corporation branch
Steps
  1. Prepare DPR
  2. Apply at a KSFC branch
  3. Sanction
  4. Interest subsidy adjusted after borrower pays 4%
 Open
UdyoginiKarnataka State Women's Development Corporation
KarnatakaLoan
 Subsidised small business loans for low-income women; interest-free for SC/ST women, widows and women with disabilitiesSmall (micro)Karnataka-resident women aged 18–55 from low-income families KSWDC district office, DIC, participating bank or KSFC
Steps
  1. Collect form at KSWDC / DIC
  2. Submit with project proposal and income proof
  3. Bank / KSFC verification
  4. Loan with subsidy
 Open
ELEVATE (Idea2PoC)Startup Karnataka grant-in-aid
KarnatakaGrant
 One-time equity-free grant to build and scale a proof of concept, plus mentoring and subsidised incubation; special tracks (Unnati for SC/ST, Minorities)Up to ₹50 LStartups incorporated in Karnataka, ≤ 10 years old, registered with KITS; no state grant in last 3 years Startup Karnataka portal (call-based)
Steps
  1. Register with KITS
  2. Apply when the call opens
  3. Screening and jury pitch
  4. Sign agreement; tranche release
 Call-based
ELEVATE NxTDeep-tech track under LEAP
KarnatakaGrant
 Milestone-based grant with sector mentorship; ₹150 Cr programmeUp to ₹1 CrDeep-tech startups (AI, robotics, biotech, quantum, green energy) from anywhere in India; must move registered office to Karnataka if selected Startup Karnataka portal (call-based)
Steps
  1. Apply in the call window
  2. Technical evaluation
  3. Relocate registered office if selected
  4. Milestone tranches
 Call-based
RGEPRajiv Gandhi Entrepreneurship Program
KarnatakaGrant
 ₹25,000 a month for 12 months to take an idea to prototype / MVP with a K-Tech hub₹3 LIndividual innovators, Karnataka domicile, science / engineering graduates working full time on the idea Startup Karnataka (call-based)
Steps
  1. Apply online with pitch
  2. Selection
  3. Tripartite agreement with KITS and hub
  4. Monthly stipend
 Call-based
WEscalateWomen-led startup incubation + acceleration
KarnatakaGrant
 6 months incubation + 6 months acceleration in sector cohorts of 15; deployment grants for top performers in some cohortsProgrammeWomen-led startups registered in Karnataka Startup Karnataka / selected incubators
Steps
  1. Apply to the cohort call
  2. Committee selection
  3. Incubation then acceleration
 Call-based
Government FirstELEVATE pilot deployments
KarnatakaGrant
 Funded pilot with a state department; IP stays with the startup; path to procurementUp to ₹25 LStartups with a solution to a published government problem statement KITS
Steps
  1. Respond to department problem statements
  2. Selection
  3. Pilot and validation
 Call-based
Startup Policy incentivesKITS reimbursements 2025–30
KarnatakaReimbursement
 PF/ESI reimbursement up to ₹3,000 per employee per month for 2 years (≤ ₹12 L), SGST reimbursement, patent filing costs, cloud and R&D supportUp to ₹12 L+Startups registered with KITS; some items limited to incubated or Beyond-Bengaluru startups Startup Karnataka portal (claim after spend)
Steps
  1. Register with KITS
  2. Incur the expense
  3. Upload invoices, proofs and affidavit
  4. Claim (patents within a year of filing)
 Open
CGFSSD (Skill loans)Credit Guarantee Fund Scheme for Skill Development, MSDE / NCGTC
CentralCredit guarantee
 Collateral-free loans to learners, ₹5,000 to ₹7.5 L; bank rate capped at EBLR + 1.5%; up to 12-month moratorium after the course; lender pays fees directly to the providerLearner loans ≤ ₹7.5 LTraining providers / EdTech platforms whose courses are NSQF-aligned or listed on Skill India Digital Hub; must be incorporated and Udyam-registered Skill India Digital Hub (SIDH) + partner banks / NBFCs
Steps
  1. Incorporate and get Udyam
  2. Register courses on SIDH / align to NSQF
  3. Tie up with lenders
  4. Learners apply; lender pays provider
 Open
MeitY startup hubsTIDE 2.0 · SAMRIDH · GENESIS
CentralGrant
 TIDE 2.0 grants through 51 incubators; SAMRIDH accelerator funding up to about ₹40 L (equity via note); GENESIS ₹10 L–₹1 Cr for Tier 2/3 startups; GENESIS Pilot up to ₹40 L₹4 L – ₹1 CrICT startups using AI, IoT, robotics, blockchain etc.; GENESIS needs ≥51% Indian promoters and Tier 2/3 base MeitY Startup Hub; apply through partner incubators / accelerators
Steps
  1. Register on MeitY Startup Hub
  2. Pick a TIDE incubator or SAMRIDH accelerator
  3. Apply in its intake window
  4. Milestone-based release
 Call-based
STPI IGNITE 2026STPI open challenge programme
CentralGrant
 Funding and incubation for early-stage startups and individual innovators in AI, IoT and Industry 4.0Up to about ₹15 LAspiring and early-stage startups, individual innovators STPI (Software Technology Parks of India)
Steps
  1. Apply on the STPI challenge page before 25 Oct 2026
  2. Shortlist and pitch
  3. Incubation at an STPI CoE
 Closes 25 Oct 2026
DLI schemeDesign Linked Incentive for semiconductor design (India Semiconductor Mission)
CentralGrant
 Reimbursement up to 50% of eligible design expenditure (cap ₹15 Cr) plus 6%–4% of net sales over 5 years (cap ₹30 Cr); design-infrastructure support via C-DACUp to ₹15 Cr + ₹30 CrDomestic startups and MSMEs designing ICs, chipsets, SoCs, IP cores India Semiconductor Mission / C-DAC portal
Steps
  1. Confirm the application window with ISM / C-DAC
  2. Submit design project proposal
  3. Committee approval
  4. Claim against milestones and sales
 Check status
ECMSElectronics Component Manufacturing Scheme
CentralSubsidy
 ₹22,919 Cr scheme over 6 years: turnover-linked, capex-linked or hybrid incentives by component type (modules, PCBs, passives, Li-ion cells, enclosures, equipment)Large projectsComponent and sub-assembly manufacturers; investment thresholds by category MeitY ECMS portal
Steps
  1. Check category threshold
  2. Apply in the MeitY window
  3. Appraisal by project management agency
  4. Claim annually
 Check status
ARTPARK (IISc)AI & Robotics Technology Park, Bengaluru
KarnatakaGrant
 Technology Innovators in Residence: zero-equity, milestone grant for lab-validated tech (TRL 3+). Venture Incubation: equity investment for incorporated startups with a prototype (TRL 4+)VariesAI, robotics, sensors, mechatronics, cyber-physical systems; pure software / SaaS excluded ARTPARK application portal only
Steps
  1. Watch ARTPARK's startups page for the next call
  2. Apply on the portal
  3. Technical review
  4. Residency or incubation agreement
 Call-based
Karnataka IT Policy 2025–3016 incentives, 9 new; ₹967 Cr five-year estimate
KarnatakaReimbursement
 Outside Bengaluru: R&D and IP creation, internship and EPF reimbursement, talent relocation, rental, certification, power tariff, property tax and telecom support. Bengaluru Urban: six R&D and talent incentives. GCCs now covered. Women Global Tech Missions FellowshipAwaiting notified capsIT / ITeS / GCC units in Karnataka; most benefits for units outside Bengaluru Urban Department of Electronics, IT, BT and S&T
Steps
  1. Confirm notified guidelines
  2. Register the unit with the department
  3. Claim each incentive after spend
 Check status
Karnataka Clean Mobility Policy2025–30, effective 11 Feb 2025
KarnatakaSubsidy
 Sector incentives for EV, battery, charging and component makers; targets ₹50,000 Cr investment by 2030Per policyManufacturers across the clean-mobility value chain Invest Karnataka / Commerce & Industries Department
Steps
  1. Compare benefit vs Industrial Policy 2025–30 (claim under one)
  2. Register project
  3. Claim after commercial production
 Open
RPTUASRevamped Pharmaceutical Technology Upgradation Assistance Scheme
CentralReimbursement
 Reimbursement-based subsidy for upgrading plant and quality systems to revised Schedule M / WHO-GMP; slab linked to 3-year average turnover; can combine with state schemesUp to ₹1 CrExisting pharma manufacturers with turnover under ₹500 Cr, MSMEs preferred Department of Pharmaceuticals (project management agency verifies)
Steps
  1. Gap audit against revised Schedule M
  2. Carry out the upgrade
  3. Claim reimbursement with proof of spend
 Check status
Karnataka Aerospace & Defence Policy2022–27
KarnatakaSubsidy
 Sector incentives for aerospace and defence manufacturing, MRO and suppliers; runs alongside the Industrial PolicyPer policyAerospace and defence manufacturers and MSME suppliers in Karnataka Invest Karnataka / Commerce & Industries Department
Steps
  1. Compare with Industrial Policy 2025–30
  2. Register project
  3. Claim after commercial production
 Open
Where the money is

Promising industries in Karnataka

Sectors where state policy, central missions and lender appetite line up in 2026. Each card shows the scheme stack to pitch first and the trap to check before you promise anything.

Robotics, AI & automation

Strongest pull

Karnataka's startup policy names AI and robotics as priority sectors; ELEVATE NxT funds deep-tech up to ₹1 Cr; ARTPARK at IISc runs robotics residencies; the Deep Tech Decade plan adds robotics hubs in Bengaluru, Mysuru and Hubballi.

Pitch first

  • ELEVATE NxT (up to ₹1 Cr)
  • ARTPARK residency or incubation
  • STPI IGNITE (closes 25 Oct 2026)
  • MeitY TIDE 2.0 / SAMRIDH
  • CGSS for venture debt; MCGS-MSME if they make robots

Check: ARTPARK excludes pure software. Hardware robotics units also qualify for the state capital subsidy outside Bengaluru Urban.

Electronics & semiconductors

Strongest pull

National push on components and chip design. The DLI scheme reimburses design cost; ECMS (₹22,919 Cr) pays component makers; Karnataka's Industrial Policy lists ESDM as a focus sector.

Pitch first

  • DLI (design firms): up to 50% of design spend, cap ₹15 Cr
  • ECMS (component makers, larger projects)
  • Karnataka capital subsidy + CGTMSE for MSMEs
  • ZED certification for supplier qualification

Check: ECMS and DLI run in windows. Confirm they are open before preparing a DPR.

Manufacturing: EV, aerospace, precision

Steady

The richest subsidy stack for MSMEs: 10–35% capital subsidy by zone, stamp-duty waivers, plus sector policies for clean mobility (2025–30) and aerospace & defence (2022–27).

Pitch first

  • Karnataka capital subsidy (Zone 1/2 best)
  • Clean Mobility or Aerospace Policy, whichever pays more
  • CGTMSE (≤ ₹10 Cr) or MCGS-MSME (machinery ≤ ₹100 Cr)
  • PMEGP for new units ≤ ₹50 L
  • Stand-Up India for women / SC-ST promoters

Check: Bengaluru Urban units get no MSME capital subsidy; a taluk choice can be worth ₹25–35 L. Contract labour must stay under 40% for policy incentives.

IT, SaaS & GCCs

Steady

Karnataka's new IT Policy 2025–30 has 16 incentives, nine new, most aimed at units outside Bengaluru, and now covers GCCs. Startup Policy reimbursements stack on top.

Pitch first

  • KITS reimbursements: PF/ESI up to ₹12 L, SGST, patents
  • IT Policy incentives for Mysuru, Mangaluru, Hubballi-Dharwad, Kalaburagi units
  • ELEVATE grant (up to ₹50 L)
  • Startup India Seed Fund; CGSS debt
  • Government First pilots (up to ₹25 L)

Check: IT Policy amounts and caps await notified guidelines. Quote categories, not rupee figures, for now.

Education, EdTech & skilling

Selective

Funding depends on the legal form. A Pvt Ltd EdTech product company is a startup and can get startup grants. A school, college or coaching institute is a different case: it is excluded from CGTMSE and relies on ordinary bank loans against property.

Pitch first

  • EdTech startup: ELEVATE, MeitY TIDE 2.0, Startup India Seed Fund, CGSS
  • Skilling provider: CGFSSD, so learners get collateral-free loans up to ₹7.5 L paid to you
  • Government First pilots with education departments
  • Institutions: LAP / term loans (your core product)

Check: CGTMSE lists educational and training institutions as ineligible. For CGFSSD, courses must be NSQF-aligned or on Skill India Digital Hub.

Pharma, ORS & cosmetics

Steady

Capex-heavy greenfield units with 12–18 months of licensing before the first sale. These are funded on project reports, not turnover. The task is to get a moratorium that covers the licensing period and to put pre-operative costs in the project cost.

Pitch first

  • Stand-Up India (women / SC-ST, up to 18-month moratorium)
  • CGTMSE cover on term loan + WC (90% for women-led)
  • MCGS-MSME if machinery is ≥75% of cost (2-year moratorium)
  • KSFC loan with KSWDC interest subsidy (women)
  • Karnataka capital subsidy, claimed after commercial production
  • RPTUAS later, for existing pharma units upgrading to revised Schedule M

Check: WHO-formula ORS needs a drug manufacturing licence. FSSAI bars the word "ORS" on electrolyte drinks. Cosmetics need a COS-8 licence. Build the timeline around these approvals.

Biotech & food processing

Steady

Bengaluru is India's biotech hub; BIRAC and Bangalore Bioinnovation Centre anchor early funding. Food processing has the most generous micro-unit subsidy, if PMFME is renewed.

Pitch first

  • BIRAC BIG (up to ₹50 L)
  • ELEVATE NxT for biotech
  • WEscalate life-sciences track for women founders
  • PMFME 35% subsidy (≤ ₹10 L), renewal pending
  • PMEGP + Karnataka capital subsidy for food units

Check: PMFME was extended only to September 2026. Confirm renewal before filing.

Quick routing

By segment

Women-led MSME

  • CGTMSE at 90% guarantee cover
  • Stand-Up India ₹10 L–₹1 Cr greenfield loan
  • KSFC loan with KSWDC interest subsidy (borrower pays about 4%)
  • Udyogini (KSWDC) for small units
  • PMEGP at special-category rate (25% urban / 35% rural)
  • ZED certification free (100% subsidy)
  • Karnataka capital subsidy at the special-category rate

Startups

  • ELEVATE (Idea2PoC) grant, up to ₹50 L
  • ELEVATE NxT deep-tech, up to ₹1 Cr
  • RGEP ₹25,000/month for 12 months (individual innovators)
  • WEscalate for women founders
  • Government First pilots, up to ₹25 L
  • Startup India Seed Fund via incubators
  • CGSS collateral-free debt up to ₹20 Cr
  • KITS reimbursements: PF/ESI, SGST, patents

Operating MSMEs

  • CGTMSE up to ₹10 Cr (micro & small)
  • MCGS-MSME for machinery loans up to ₹100 Cr
  • Karnataka capital subsidy on expansion (≥25% capex increase)
  • Mudra Tarun Plus ₹10–20 L for repeat borrowers
  • ZED certification subsidy (80% micro / 60% small)
  • Stamp duty exemption on loan documents (Zone 1–2)

Manufacturing

Strongest stack

  • PMEGP (project ≤ ₹50 L)
  • Karnataka capital subsidy 10–35% of fixed assets
  • CGTMSE / MCGS-MSME for term loans
  • ZED

Food & agri processing

  • PMFME 35% credit-linked subsidy, max ₹10 L per unit (renewal pending)
  • PMEGP
  • CGTMSE

Services & trading

  • Mudra (up to ₹20 L)
  • PMEGP (service project ≤ ₹20 L)
  • CGTMSE (retail trade carries lower cover)
  • Stand-Up India covers trading for women / SC-ST

IT, deep-tech & biotech

  • ELEVATE / ELEVATE NxT
  • BIRAC BIG up to ₹50 L over 18 months (biotech)
  • Startup India Seed Fund
  • CGSS venture debt
  • Patent reimbursement

Artisans & craft

  • PM Vishwakarma: ₹15,000 toolkit, ₹3 L loan at 5%
  • Mudra Shishu / Kishor
  • Udyogini (women)

SC / ST promoters

  • Stand-Up India
  • Higher CGTMSE cover and lower fee
  • PMEGP special category
  • 24.1% reservation of allotted KIADB land
  • Karnataka special-category capital subsidy
Step 3 · Convert

Prospect funnel

Six stages from first contact to disbursement. Each stage has one question to answer, the data to collect and the exit rule. The matcher above runs at stage 3.

Stage 1

Attract

Who are we talking to?

Channels

  • DIC (District Industries Centre) and KASSIA events
  • Incubators: K-Tech hubs, NSRCEL, BBC, CIIE-style TBIs
  • Bank branch MSME desks and CA referrals
  • Women entrepreneur networks (WEscalate cohorts, FICCI FLO, KSWDC counselling centres)
  • LinkedIn content on "₹ you're leaving on the table"

Lead magnet

  • Free 10-minute eligibility check (this matcher)
  • Checklist: "6 registrations that unlock subsidies"
Stage 2

Segment

Which bucket?

Capture

  • Stage: idea / new unit / operating / startup
  • Promoter: women, SC/ST, other special category
  • Industry and taluk of the unit
  • Amount and purpose (capex, working capital, R&D)

Buckets

  • Micro-credit: under ₹20 L → Mudra, PMEGP, Udyogini, Vishwakarma
  • MSME growth: ₹20 L–₹10 Cr → CGTMSE, Stand-Up, KSFC, state subsidy
  • Startup: grant + CGSS + KITS incentives
Stage 3

Qualify & match

What do they qualify for today?

Do

  • Run the matcher; note the top 3 schemes and the gaps
  • Check CIBIL / CMR score and existing loans
  • Confirm the unit is not already funded under a similar government scheme

Lead tier

  • A: one or more schemes scoring ≥ 80, documents ready → proposal in 48 h
  • B: matches but needs Udyam / DPIIT / KITS / DPR first → onboarding package
  • C: no current match or call closed → nurture list, alert on next call window
Stage 4

Propose

What's the stack and the fee?

Proposal contents

  • Scheme stack (e.g. Stand-Up loan + CGTMSE cover + state capital subsidy)
  • Benefit in ₹: subsidy amount, collateral avoided, interest saved
  • Timeline and document list

Fee models

  • Fixed fee for registrations and DPR
  • Success fee as % of sanctioned subsidy / grant
  • Retainer for multi-claim startups (KITS reimbursements)
Stage 5

File

Is the application complete?

Do

  • Registrations: Udyam, GST, DPIIT, KITS
  • DPR / project report with CMA data
  • Submit on the scheme portal or at the lending bank
  • Schedule EDP training (PMEGP) or incubator onboarding (ELEVATE, SISFS)

Exit rule

  • Acknowledgement / application ID received
Stage 6

Sanction & claim

Has the money landed?

Do

  • Follow up bank sanction, then guarantee cover (CGTMSE is applied for by the bank)
  • File the state subsidy claim after commercial production starts
  • Track lock-ins: PMEGP margin money held 3 years

Upsell

  • ZED certification, patent reimbursement, second-tranche loans (Vishwakarma, Mudra Tarun Plus)
Step 4 · Execute

How to apply

Bank-routed (CGTMSE, Mudra, Stand-Up, PMEGP, CGSS)

  • Get Udyam (CGTMSE needs it) or DPIIT recognition (CGSS)
  • Prepare the DPR and financials
  • Apply to a member lending institution: bank, NBFC or KSFC (PMEGP via the KVIC portal; Stand-Up via standupmitra.in)
  • Bank appraises and sanctions; it then requests the guarantee
  • Guarantee fee (AGF) is paid annually, often passed to the borrower
  • Disbursement without collateral

Karnataka subsidies (Industrial Policy 2025–30)

  • Register the unit with DIC / Udyam and get approvals (single window for larger projects)
  • Confirm taluk zone
  • Set up and start commercial production
  • File the capital subsidy claim with the DIC within the policy window
  • Stamp duty and registration concessions are claimed at the time of documents

Startup grants (ELEVATE, RGEP, WEscalate, BIG, SISFS)

  • Register on the Startup Karnataka portal (KITS) and / or Startup India
  • Watch for call windows; these are not rolling
  • Submit a pitch deck and application; screening and jury pitch follow
  • Grant released in milestone tranches through an incubator or programme partner
  • Reimbursements (PF/ESI, SGST, patents) are claimed after the spend

Bank digital channels (rules-engine lending)

ChannelTicketDecides onBest forNot for
SBI SME Digital Business Loan≤ ₹5 CrITR, GST returns, bank statements; no financials up to ₹50 LOperating units with clean filingsGreenfield, new-to-credit
PSB digital credit assessment model₹25 L – ₹5 CrDigital footprint: GST, bank transactionsMSMEs without formal accounts but with GST historyPartnership accounts can be slow; greenfield
PSB Loans in 59 MinutesVaries by bankGST, ITR, bank data for in-principle approvalComparing PSB offers quicklyUnits with no filings
JanSamarthScheme limitsScheme eligibility + lender appraisalGovernment credit-linked schemesLarge project loans
Stand-Up Mitra₹10 L – ₹1 CrBank appraisal of DPRGreenfield women / SC-ST unitsExisting units
Branch / SME centreAnyFull DPR, CMA data, promoter profileGreenfield, project finance, > ₹5 CrSpeed

These rules engines run inside each bank. Advisors can't connect to them directly. The client applies through the bank's channel, consents to share data (Account Aggregator, GST, ITR), and the bank's engine decides. Your role is to get the file engine-ready before it goes in, and to be the bank's registered sourcing partner so the lead is credited to you.

Document checklist (most schemes)

Scheme terms change with circulars and annual budgets. Confirm rates, caps and open call windows on the official portal before quoting a number to a client. Items flagged "Check status" are ones where the window or renewal was not confirmed at the time of writing.

Verify here

Sources