Pradhan Mantri Mudra Loan Yojana
I want to tell you that about the mudra Loan. Mudra loan in a scheme which is provided by the government and under this scheme Bank giving loan to start business.
The Pradhan Mantri Mudra Yojana is designed to support small business owners. It provides loans of up to ₹20 lakhs without any collateral for those running small manufacturing units, street vendors, fruit and vegetable sellers, truck operators, food service units, retail shops, or machine operators. This scheme is specifically for small businesses in the non-agricultural sector. Borrowers are given up to 5 years to repay the loan.
Under this scheme, loan is providing for the new business setup or to run old business also.
Mudra Loan Yojana into four categories
- Shishu: Loans up to ₹50,000.
Kishor: Loans between ₹50,000 and ₹5,00,000.
Tarun: Loans between ₹5,00,000 and ₹10,00,000.
Tarun Plus: Loans between ₹10,00,000 and ₹20,00,000.
Who is Eligible for the Loan?
To apply for a Mudra Loan, the applicant must:
- This is for Indian citizen.
Have an Aadhaar card and PAN card.
Candidates should have Own a bank account.
Ensure that the business is not a corporate entity.
Have a business plan ready for the intended business.
Right way to apply for Pradhan Mantri Mudra Yojana
To get the benefit of Pradhan Mantri Mudra Yojana, you can visit the nearest Government bank and private bank also. Candidates can apply online also.
Before applying for the Mudra loan, candidates must have to prepare the estimate and Business plan and get the approval from the District Industrial department.
- First visit the official website of Mudra loan www.mudra.org.in
According to your need you can choose the loan amount option.
Click on the given application form Link
Download the application form in PDF format and take a printout.
Read the form carefully and fill all the details and attached all necessary documents.
Then visit the nearest bank and submit the form with all necessary documents.
After the verification branch manager will call you for the loan process.
Important Information for Pradhan Mantri Mudra Yojana
I want to tell you that there are many types of scam is going on in our country. Some people have become victims of Mudra loan and a lot of money was taken from them to provide the loan.
If any person call you regarding the Mudra Loan and they tell to you I am from bank then don’t talk with that person and don’t give any details.
They will call you and they will promise you to provide the loan and for that they will asked processing fee. For your information bank is not asking any processing fee before the loan.