03/03/2021 · The government guarantees 80% of the finance to the lender. As the borrower, you are always 100% liable for the debt. The scheme is open until 31 December 2021, subject to Up Loans are government-backed and charge a fixed interest rate of 6% per year. You can repay the loan over a period of 1 to 5 years. There’s no application fee and no early repayment provides loan to the extent of 90% of the project cost subject to a maximum of INR 18 lacs. The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost. The rate of interest charged from the beneficiary is 6% on reducing balance ;· For a self-employed person, payroll includes paying yourself for services you perform. The PPP loan will be a two-year loan at 1% interest rate. Up to 100% of the PPP loan may be forgiven. The government runs this program through participating banks and credit is is an online resource to help you find government loans you may be eligible for. It is not an application for benefits and will not send you free Loans for Self-Employed: Where to ApplyPersonal Loan for Self Employed without Income Proof ITR - Apply NowCOVID-19 Loans for Self-Employed: Where to ApplyPPP Loans for the Self-Employed: Everything You Need to KnowSelf Employed To help you identify what government financing programs may be available to help you start or expand your business, check out the “ Access Financing ” Wizard from BusinessUSA. In a few quick steps, this wizard will guide you to government resources to access financing for your business!

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