Pardhan Mantri MUDRA Yojana Loan | Check Interest Rate, Eligibility Here

Pardhan Mantri MUDRA Yojana Loan For Business Support

Pardhan Mantri MUDRA Yojana Loan:-Here you can get all the details regarding Pardhan Mantri MUDRA Yojana loan. This good for them who are looking for loan or financial support for their business. However, due to not having the full details people are unable to avail the benefits. Here are the question which generally people can have-

  • What is Pardhan Mantri MUDRA Yojana Loan
  • Who is eligible to apply for loan under this scheme
  • What documents are required for loan under this scheme
  • How to apply
  • What would be interest rate?

All the questions are being answered here, please go through it and apply for your loan

What is Pardhan Mantri MUDRA Yojana Loan

Pardhan Mantri MUDRA Yojana (Micro Units Development and Refinance Agency Bank) is a new intuition which was set up by the Government of India to support the small business and people who want to set up their own business. This institution works to provide the funds to the non-corporate and small business sector to support them in business.

Pardhan Mantri MUDRA Yojana was announced by the Finance Minister in Parliament during Union Budget for 2016.

What are the Responsibilities of MUDRA Bank-

  • Preparing and Launching the policy and Gridlines
  • Registration and Regulation of MFI (Micro Finance Institue)

Pardhan Mantri MUDRA Yojana Loan Scheme

As per the a serve It has been observed that there are many small organizations and companies in India who have really requirement of financial support. Therefore, Indian Government has announced Pardhan Mantri MUDRA Yojana Loan to support them in grow business. This a employment oriented scheme. If these organizations and people will be supported, they can perform much better than now and this can help to breed more employment in India.

Pardhan Mantri MUDRA Yojana Loan

Pardhan Mantri MUDRA Yojana Loan

Pardhan Mantri MUDRA Yojana Loan Details in full

This scheme has been launched basically for financial support for (MSME) micro, small and medium enterprises. There are three categories in this scheme. Here are the name and details-

  1. Shishu
  2. Kishore
  3. Tarun

All these three categories have been defined below, please go through it to know where you business is and for how much Rupees Loan you can get.

First of all we should know in which category your business is. So, here is the explanation of each category which will help you to know the category of your business.

  1. Shishu (Child Category):- As per the name this category is for those businesses which have recently been set up and required load fall in this category. The loan amount will be Rs 50,000 for this category.
  2. Kishore:- This is for those who have started their business, however it has to be established yet. The loan amount will start from Rs 50,000 to 5 Lakhs.
  3. Tarun:- All those small business which has been started and established will come under this category. There may be some financial requirement to expand the business. Here the load amount can be upto 10 Lakhs.

Eligibility of Pardhan Mantri MUDRA Yojana Loan

The eligibility criteria will be checked by bank. This scheme is basically for those who have business idea or want to expand their business. Loan seeker needs to reveal their business idea to bank and needs provide the entire required document while applying for the loan. The eligibility will be checked as per the three categories which have been explained above.

How to apply loan under Pardhan Mantri MUDRA Yojana Loan

How to apply loan under Pardhan Mantri MUDRA Yojana:- Here are the details step to apply for the loan under the Pardhan Mantri MUDRA Yojana Loan for all three categories (Shishu, Kishore & Tarun)-

  1. You need to present your business idea with the application form to the bank.
  2. You need to visit your nearest bank If you wish to get the loan under Pardhan Mantri MUDRA Yojana Loan.
  3. Present your business idea to bank along with the application form.
  4. You need to present your ID proof, Address proof and Passport size photograph.
  5. You need to fill the formalities as per the bank instructions.
  6. Once, the above steps will be done by you, load will be issued to you.

Contact details of Pardhan Mantri MUDRA Yojana Loan

If you have any query regarding the loan under this scheme, you can ask directly. Please write an email and send it to

help@mudra.org.in

Quickly you will get the response from the department. If you like this information, please share this with your friends and family that they could get benefit by this and start their own business.

 

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