Working capital loans for freelancer

Aaadi22

KF Rookie
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
 

Pradhan Mantri Mudra Yojana (PMMY)

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.
 
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