The Government of India offers various loan schemes to help students, homebuyers, and entrepreneurs. Here is a complete guide to the most popular central government loan schemes available in 2026.
1. Education Loan: PM Vidyalaxmi Scheme
This scheme is a single window for students to access education loans from various banks.
- Benefits: Collateral-free loans for students from low-income families.
- Coverage: Loans for higher studies in India and abroad.
- Official Website: www.vidyalakshmi.co.in
2. Housing Loan: Pradhan Mantri Awas Yojana (PMAY)
PMAY aims to provide "Housing for All." It offers credit-linked subsidies on home loans.
- Interest Subsidy: Up to 6.5% on home loan interest.
- Eligibility: Economically Weaker Sections (EWS), LIG, and MIG categories.
- How to Apply: Apply through your bank or the PMAY official portal.
3. Business Loan: PM Mudra Yojana & PMEGP
For those starting or expanding a business, these schemes provide easy funding.
- Mudra Loan: Up to ₹10 Lakhs without any security (Shishu, Kishor, and Tarun categories).
- PMEGP: For setting up new manufacturing or service projects with government subsidies.
- Application: Visit www.udyamimitra.in to apply online.
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