I want to know are there any government schemes available under which of freelancer who has started work and has filed two times ITR also can get some working capital loan to grow his business and do freelancers need some collateral for any schemes if its available
PMMY offers collateral-free loans up to ₹10 lakh to micro and small businesses, including freelancers. The loans are categorized as:
Shishu: Up to ₹50,000
Kishore: ₹50,001 to ₹5 lakh
Tarun: ₹5,00,001 to ₹10 lakh
These loans can be used for working capital needs, purchasing equipment, or expanding your business. Interest rates typically range from 8.60% to 20% per annum, depending on the loan category and lender.
