Skill Loan Scheme & Government Entrepreneurship Programs in 2025
Introduction
In 2025, India’s focus on skill development and entrepreneurship is stronger than ever. Whether you want to upskill with a loan or start a business with government support, this guide has everything you need. Let’s begin!
1. Skill Loan Scheme – Finance Your Upskilling Journey
What is the Skill Loan Scheme?
The Skill Loan Scheme helps students and professionals get low-interest loans for:
- Certification courses (ITI, NSDC, PMKVY)
- Technical & vocational training
- Skill development programs
Top Skill Loan Providers in India (2025)
A. SBI Skill Loan
- Loan Amount: Up to ₹1.5 lakhs
- Interest Rate: ~9% (subsidized for certain courses)
- Eligibility: Indian citizens aged 18-35
B. IBA Skill Loan Scheme (Model Scheme by Indian Banks’ Association)
- Loan Amount: Up to ₹10 lakhs
- Coverage: 100% course fee + exam costs
- Repayment: 5-7 years (moratorium period available)
C. Certificate Loan & ITI Marksheet Loan
- Some banks offer loans based on ITI marksheet or course certificates.
- Check with Punjab National Bank (PNB), Canara Bank, or UCO Bank.
🔹 Pro Tip: Compare interest rates before applying!
2. Government Initiatives & Programs for Skill Development
India’s government has launched multiple initiatives to boost employability:
A. Key Government Programs in 2025
| Initiative | Purpose |
|---|---|
| PMKVY 4.0 | Free skill training & certification |
| National Apprenticeship Promotion Scheme (NAPS) | Paid apprenticeships |
| Skill India Digital (SID) | Online courses & job matching |
B. How to Apply for Government Skill Programs?
- Visit Skill India Portal (www.skillindia.gov.in)
- Choose a course (IT, healthcare, manufacturing, etc.)
- Register & attend free training
3. Entrepreneurship Development Training & Government Schemes
Want to start a business? India offers free entrepreneurship programs.
A. Best Entrepreneurship Training Programs
1. Entrepreneurship Skill Development Programme (ESDP)
- By: MSME Ministry
- Duration: 2-6 weeks
- Benefits: Business planning, funding guidance
2. National Entrepreneurship Development Board (NEDB) Schemes
- Offers subsidized loans, mentorship, and incubation support.
- Apply via Udyam Registration Portal.
B. Free Government Entrepreneurship Programs
- Stand-Up India – Loans for women/SC/ST entrepreneurs
- Startup India Seed Fund – Grants up to ₹20 lakhs
- MUDRA Loan – Funding for small businesses
4. How to Get an ITI Marksheet Loan?
If you’ve completed ITI (Industrial Training Institute), you can get a loan for higher studies or business.
Steps to Apply:
- Visit NSDC/SBI skill loan portal
- Upload ITI marksheet & ID proof
- Get approval in 7-10 working days
FAQs (People Also Ask)
1. What is the interest rate for SBI skill loan?
Around 9% p.a., but subsidies may apply for govt-approved courses.
2. Can I get a loan with just an ITI marksheet?
Yes! Some banks offer ITI marksheet loans for further education.
3. How to apply for the Entrepreneurship Skill Development Programme?
Register on MSME’s official website or visit a local training center.
4. Is the Stand-Up India loan interest-free?
No, but it offers lower interest rates (around 8-10%) for women/SC/ST entrepreneurs.
Conclusion
With skill loan schemes and government entrepreneurship programs, India is empowering millions to learn, earn, and grow.
🚀 Ready to take the next step? Apply for a skill loan or entrepreneurship training today!
Have questions? Ask in the comments!
