Best Government Finance Schemes for MSMEs in India Some of the major government-backed financial schemes available to MSMEs in India are the Pradhan Mantri Mudra Yojana (PMMY), which offers loans of up to ₹20 lakh, CGTMSE, which supports collateral-free credit of up to ₹1 crore, and the Prime Minister’s Employment Generation Programme (PMEGP), which provides capital subsidies of up to 35%. Together, these initiatives help MSMEs access affordable finance, reduce lending risks, and receive financial support for setting up and expanding their businesses.