How to Get a Government Loan for Business in India with Just a 10th Marks Card loan
Starting a business in India requires vision, courage, and most importantly—finance. Many aspiring entrepreneurs, especially those who have studied only up to the 10th standard, often feel uncertain about whether they can get financial support from the government. The good news is that the Government of India and state governments have launched several loan and subsidy schemes that allow even those with minimal educational qualifications to start their own business.
This guide explains in detail how you, with just a 10th marks card, can apply for government business loans, which schemes are available, how to apply online/offline, eligibility conditions, documents required, and the benefits offered.
1. Can You Get a Government Business Loan with Just 10th Marks Card?
Yes. Education is not the only criteria for business loans in India. Most schemes focus on:
- Age of the applicant (usually 18 to 55 years)
- Citizenship (must be Indian)
- Business idea/project plan
- Belonging to economically weaker sections, women, SC/ST/OBC categories, or rural background
A 10th marks card is often accepted as proof of age and educational qualification. Many government schemes do not require higher education.
2. Major Government Loan Schemes for 10th-Pass Entrepreneurs
(a) Pradhan Mantri Mudra Yojana (PMMY)
- Loan up to ₹10 lakh
- Available for small businesses, shops, food stalls, service units, startups
- Three categories:
- Shishu (up to ₹50,000)
- Kishore (₹50,000 – ₹5 lakh)
- Tarun (₹5 – 10 lakh)
- No collateral required
Eligibility: Any Indian citizen above 18 years. 10th-pass is sufficient.
Apply here: https://www.mudra.org.in
(b) Stand-Up India Scheme
- Loan: ₹10 lakh to ₹1 crore
- For SC/ST and women entrepreneurs
- Must set up new business in manufacturing, trading, or services
- Repayment up to 7 years
Eligibility: Minimum 18 years, no higher education required.
Apply here: https://www.standupmitra.in
(c) PMEGP – Prime Minister’s Employment Generation Programme
- Subsidy scheme run by KVIC (Khadi & Village Industries Commission)
- Loan up to ₹25 lakh (manufacturing) and ₹10 lakh (service sector)
- Subsidy of 15%–35% depending on location and category
Eligibility:
- Must be at least 18 years old
- Minimum 8th pass (your 10th marks card is valid)
- Business idea in village or small town
Apply here: https://www.kviconline.gov.in/pmegpeportal
d) PM SVANidhi Scheme (for Street Vendors)
- Loan up to ₹50,000 for street vendors, hawkers, small shops
- Initially ₹10,000 loan, later increased on timely repayment
- Minimal documents needed
Eligibility: Street vendors with ID proof.
Apply here: https://pmsvanidhi.mohua.gov.in
(e) Udyogini Scheme (for Women)
- Loan up to ₹3 lakh for women entrepreneurs
- Special subsidy for widows, SC/ST women, and rural applicants
- Used for petty shops, dairy, tailoring, handicrafts, etc.
Apply here: Visit your nearest nationalized bank like SBI, Canara Bank, or Cooperative Bank.
(f) State Government Schemes
Many states like Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra run special subsidy schemes for youth and small entrepreneurs. For example:
- Telangana T-PRIDE scheme for SC/ST entrepreneurs
- Andhra Pradesh YSR Cheyutha for women entrepreneurs
- Karnataka Udyogini loan for women
You can check respective state government portals.
3. Step-by-Step Process to Apply for a Business Loan with 10th Marks Card
- Choose the Right Scheme
- If your business requires a small amount (up to ₹50,000), go for PM Mudra (Shishu).
- If you need ₹5–10 lakh, try PMEGP or Stand-Up India.
- Prepare Your Documents
- Aadhaar Card
- PAN Card
- 10th Marks Card (for age/education proof)
- Passport-size photographs
- Address proof (ration card, voter ID, utility bill)
- Business plan/project report
- Visit the Bank/Portal
- For Mudra, approach any nationalized bank (SBI, Canara Bank, Bank of Baroda, etc.)
- For PMEGP, apply online via KVIC portal
- For Stand-Up India, use the Stand-Up Mitra portal
- Submit Application Form
- Fill the form with personal details, loan requirement, and business activity
- Attach scanned documents
- Verification & Approval
- Bank officials verify your documents and business plan
- If approved, loan is sanctioned and directly transferred to your bank account
- Utilize the Loan Properly
- Use only for the mentioned business purpose (shop, dairy, trading, etc.)
- Repay in easy EMIs to maintain good credit record
4. Example Business Ideas for 10th-Pass Entrepreneurs
- Grocery or general store
- Mobile recharge & accessories shop
- Small dairy (cow/buffalo purchase under subsidy)
- Food stall or tiffin center
- Tailoring or boutique
- Welding/repair shop
- Two-wheeler repair garage
- Computer typing/printing shop
All these businesses are covered under government loan schemes.
5. Documents Required (Quick Checklist)
- Aadhaar Card
- PAN Card
- 10th Marks Card (as education proof)
- Address Proof
- Caste/Income Certificate (if applying under reserved category)
- Business Plan/Project Report
- Passport Photos
- Bank Account Details
6. Official Loan Scheme Links (Summary Table)
| Scheme Name | Loan Amount | Eligibility | Official Link |
|---|---|---|---|
| PM Mudra Yojana | Up to ₹10 lakh | Any Indian above 18 | mudra.org.in |
| PMEGP | ₹10–25 lakh | 8th pass and above | kviconline.gov.in/pmegpeportal |
| Stand-Up India | ₹10 lakh – ₹1 crore | SC/ST/Women | standupmitra.in |
| PM SVANidhi | Up to ₹50,000 | Street Vendors | pmsvanidhi.mohua.gov.in |
| Udyogini Scheme | Up to ₹3 lakh | Women Entrepreneurs | Approach nearest bank |
7. Tips for 10th-Pass Applicants
- Prepare a simple business plan (banks appreciate clarity)
- Keep your CIBIL score clean (repay small loans on time)
- Apply for smaller loans first (like Mudra Shishu) and then scale up
- Take help from District Industries Centre (DIC) in your district—they guide in applying for PMEGP and other schemes
- Always apply through official government portals to avoid fraud
Here are the official links for Udyam (formerly Udyog Aadhaar) registration, which is essential for accessing government business loans and MSME benefits across India:
| Purpose | Official Link |
|---|---|
| Udyam Registration (Government of India) | https://udyamregistration.gov.in Wikipedia |
| Udyam Registration Portal (India Services) | Enter via India Services – Entrepreneurs MSME / Udyam Registration India Government Services |
Additional Resource
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For understanding eligibility, required documents, and a step-by-step registration process, Razorpay provides a great walkthrough here:
“What is Udyam Registration? Eligibility, Documents & Process”
Let me know if you’d like a quick onboarding guide — a 2-3 step summary like:
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Visit the official Udyam portal
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Submit Aadhaar, PAN, and business details
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Download your Udyam Registration Certificate — and get ready to apply for MSME-friendly loans, subsidies, insurance, and more!
Even with just a 10th marks card, you can start your entrepreneurial journey in India. The government provides multiple loan and subsidy schemes like PM Mudra, PMEGP, Stand-Up India, SVANidhi, and Udyogini. By preparing your documents and applying through the correct channel, you can easily get financial support for your dream business. Education is not a barrier—the right idea, determination, and proper use of government schemes will make you a successful entrepreneur.