Central government keeps coming up with many types of schemes for different categories we are going to give you information about one of them. People often need money to start their own business. In such situations people go to banks but sometimes this is difficult due to the need of more documents. Becomes Pradhan Mantri Mudra Yojana Loan
In such a situation, to promote business in the country, the central government has launched the Pradhan Mantri Mudra Loan Yojana. According to this scheme, you can get a loan of up to ten lakh rupees without any guarantee and if you are thinking of starting your own business, you can apply for this scheme.
This scheme is provided by the central government without any guarantee. You do not have to pay anything in this loan. Public sector banks, these people can get a loan from cooperative banks, regional rural banks, small finance banks. The interest rates of these loans vary from bank to bank.
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What is Pradhan Mantri Mudra Loan? Pradhan Mantri Mudra Yojana Loan
Under this scheme, the government is giving loans of up to 10 lakh rupees without guarantee to people to start a new business. The government of India started this scheme in the year 2015 and the direct benefit of this scheme of the central government has been given to people who can start their new business due to lack of resources. No. Today we will tell you about the same Pradhan Mantri Mudra Yojana
There are three types of Pradhan Mantri Mudra Yojana Loan
- There are total three types of Pradhan Mantri Mudra Loan
- When you first start your business, the government gives you a loan of up to Rs 50,000 without any guarantee for five years.
- Loans are also given to people who are already in business to expand their business
- If you have taken a loan between 50,000 to 5 lakh rupees then it comes under the category of juvenile loan.
- Under the youth loan category, the government provides loans ranging from Rs 5 lakh to Rs 10 lakh for business expansion
Documents Required for Pradhan Mantri Mudra Loan Pradhan Mantri Mudra Yojana Loan
- Aadhaar Card
- PAN Card
- Address proof
- Proof of identity
- Income proof
- Application letter
- KYC documents
- Passport size photograph
- Balance sheet of last three years
How to Apply Online for Pradhan Mantri Mudra Loan?
Following is the process of applying online for Pradhan Mantri Mudra Loan
- First go to the official website of Pradhan Mantri Mudra
- After opening this web click on Mudra Loan
- Go to Apply Now
- Select any one of the options
- After this fill the details and generate OTP
- After completing this process you will be registered
- After that click on the loan application center and fill the required details
- An application number will be given after all the documents are submitted
- Through which you can check your loan status
There are many people in the country who are financially weak and because of that they cannot start their business, today the Government of India has launched the Pradhan Mantri Mudra Loan Yojana, if the right person takes advantage of it, his standard of living improves.