The NDA government said that on April 8, 2015, it launched the development and refinance agency of micro-units, Mudra, under the Pradhan Mantri Mudra Yojana (PMMY). In which twenty thousand crore rupees as the name suggests. The agency has been established to integrate and develop micro units across the country. And the purpose of the currency should be to provide financing to the non-corporate small-business sector. Lack of financial assistance is the biggest hindrance in the development of small businesses in our country. And to solve this issue this currency has been introduced.
A report by the National Sample Survey Organization (NSSO) in 2013 revealed that there are more than 5.7 crore small-scale business units in the country. Mostly sole proprietorship companies carrying on manufacturing business, retail broking, and other activities. Compare this with the big companies in the organized sector which provide employment to more than 1.25 crore people. This clearly has immense potential to promote small businesses
PMMLY has been started
It is said by the Central Government that PM Mudra Loan Scheme has been started. Through this scheme, loans will be given to other people who want to start their own business. by the government Interested people will be given loans ranging from Rs 50,000 to Rs 10 lakh. There is no processing fee of any kind on the loans given by the government. All of you can apply for this loan by going to the nearest bank. Under this Mudra Loan Scheme, the interest on the loan has to be paid on the basis of the loan amount, in which the applicants have to pay 10% to 12% interest.
Types of PM Mundra loan yojana
There are 3 types of loans available under the Pradhan Mantri Mudra Loan Yojana, in which you can choose the loan by applying as per your requirements.
There are 3 types available under this scheme.
- Shishu Yojana: Loan amount up to Rs 50,000
- Kishor Yojana: Loan amount from Rs 50,000 to Rs 5,00,000
- Tarun Yojana: Loan amount from Rs 5,00,000 to Rs 10,00,000
PM Mudra Loan Yojana Scheme Eligibility
The benefit of Pradhan Mantri Mudra Loan Yojana should be given to those applicants who are natives of India Only those persons whose age is between 18 years to 65 years will get the benefit. If the applicant is declared a defaulter of any bank, then he cannot get the benefit. The person who has to get a loan for any business should have complete information about the company. Apart from this, the applicant should have documents like an Aadhar card, voter card, ration card, PAN card, caste certificate, business-related certificate, etc.
PM Mudra Loan Yojana Online Apply
If you want to take a loan for business under the PM Mudra Loan Scheme started by Prime Minister Narendra Modi, then apply by following the instructions given below –
- To apply for PM Mudra Loan, you have to visit the official website.
- After this, you will get to see 3 types of loans namely Shishu Yojana, Tarun Yojana and Kishore Yojana.
- You can do this by clicking on the loan plan you want.
- You will see the link of the application form on which you can click.
- You have to download the application form in PDF format and take its printout.
- You have to fill it out carefully and attach all the required documents with the form.
- Now you can submit this form by going to the nearest bank branch.
- After verification, your loan amount will be deposited into your bank account.
Conclusion
We have told about the PM Mudra loan, what is PM Mudra loan is, who are eligible for this loan and also we have told how many types of PM Mudra loan schemes are there. If you like it, you can comment.
Also visit : Buddy loan app