– Advertisement –
Pradhan Mantri Mudra Yojana was launched in 2015 to promote self-employment in the country. The aim of this scheme is to provide loans to small businessmen and street vendors to expand their businesses without any collateral.
Under this government scheme, loans were given to 52 crore people till April 2025. Under Mudra Yojana, you can take a loan of Rs 50 thousand to Rs 20 lakh to start your business or expand your business. This scheme has been a hit due to the lack of any guarantee, low interest and easy money.
Under the Pradhan Mantri Mudra Loan Yojana, you can take a loan through any bank, microfinance company or NBFC. Any Indian who is doing business or wants to start his own business can take a Mudra loan. There are three categories of loans under the Mudra Yojana. The interest rate of a Mudra loan is determined by the bank, not the government. Typically, the loan is available at an annual interest rate of 8% to 10%.
How much loan is available under the Mudra scheme?
Loans ranging from Rs 50,000 to Rs 20 lakh are available under the Mudra Yojana. There are three categories of loans – Shishu, Kishore and Tarun.
Shishu: Loan up to ₹50,000
Teen: Loan from ₹50,000 to ₹5 lakh
Tarun/Tarun Plus: Loans from ₹5 lakh to ₹20 lakh
How to apply for Mudra Loan?
You can apply for Mudra Loan both online and offline. To apply online, visit the portal www.udyamimitra.in . You can also apply for Mudra Loan by visiting the nearest branch of any bank, NBFC, or MFI. For more information, you can visit mudra.org.in. The important thing to keep in mind here is that the applicant should not be a defaulter of any bank or financial institution and his credit score should also be satisfactory.
What documents are required for Mudra Loan?
To apply for a loan under Mudra scheme, ID proof (Aadhaar, Voter ID), address proof, business plan or project report, bank statement and income proof (if available) are required. In some cases, especially for small businesses, GST registration is also required for the loan.
– Advertisement –
#Sarkari #Yojana #Lakh #Loan #Start #Business #Complete #Guide #Eligibility #Details #WhoWiki.org
