under MSME Innovative Scheme
Up to ₹40L
Sole proprietorships qualify for PMEGP (project costs up to ₹50 Lakhs in manufacturing, ₹20 Lakhs in services with 15-35% subsidy), MUDRA loans (₹50,000-₹10 Lakhs across Shishu/Kishore/Tarun tiers), and Udyam-registered MSME benefits. While not eligible for DPIIT startup recognition, proprietors can access state-level microenterprise grants, KVIC schemes, NABARD's rural innovation funding, and NSIC's Single Point Registration for government procurement.