Pradhan Mantri Mudra Yojana : Loan up to Rs 10 lakh for starting a busines.

Pradhan Mantri Mudra Yojana : Are you going to start your own small business or are you going to apply for a loan under Mudra Yojana? What documents do you need to apply and what other complete information is there about this scheme ?Mudra loan is a scheme of the central government, which provides loans of up to 10 lakh rupees to start a business. What should we do for it and what are its benefits ? Know the complete information.

Pradhan Mantri Mudra Yojana

Mudra Loan is a Micro Units Development & Refinance Agency that provides loans to Micro, Small and Medium Enterprises (MSME) through its internal banks. Under Mudra Yojana, small and medium-sized entrepreneurs or units are provided with necessary loans.

• Under the Pradhan Mantri Mudra Yojana, we provide loans ranging from Rs 50 thousand to Rs 10 lakh depending on your business needs. there is no processing fee.
• The loan repayment period available under this scheme ranges from 12 months to 5 years. If you do not repay the loan within 5 years, we can extend the tenure by 5 years.
• The good thing about this loan is that you don’t have to pay interest on the entire sanctioned loan amount.
• You can avail loan under Mudra Yojana irrespective of any group business you are doing. Loans are available in three categories. Interest rates vary by category.

Mudra Loan Types

If you want to take a loan through Pradhan Mantri Mudra Yojana, you can apply for any government-private bank loan. The loan amount divides.

1. 1. Shishu : Mudra Loan provides up to Rs. 50,000.
   2. Kishore : Loans up to 5 lakhs are available under this.
   3. Tarun : Under this, an amount of up to 10 lakh rupees is available as a loan.

Mudra Loan Documents

One can apply for loan under Mudra loan scheme under Bank, NBFC or Microfinance companies.

• Current bank account and branch information.
• Business documents (name, certificate, date of commencement and address).
• Aadhaar card.
• GSTN and industry base.
• Shop or other business registration documents.

Mudra Loan Eligibility

Any citizen of the country who wants to start his own business can take Mudra loan under Pradhan Mantri Mudra Yojana. If you want to expand your existing business and need money, you can apply for a loan of up to Rs 10 lakh under this scheme.After applying, if we accept your application, we will give you 5 years to repay the loan. Under this scheme, we will issue you a Mudra Card.

Mudra Loan Online Apply

• First of all go to the official website of Pradhan Mantri Mudra Yojana mudra.org.in.
• A home page will open showing three types of loans written about infant, teenager and youth, you select the loan type according to your preference.
• A new page will open, from here you have to download the application form, take a print out of this application form.
• Properly fill the application form, and attach photocopies of some documents such as Aadhaar card, PAN card, proof of permanent and business address, copy of income tax return and self-tax return, and passport size photo.
• Submit this application in your nearest bank. The bank will check your application and disburse the loan within 1 month.