Free PM Mudra Loan Yojana 2023: 10 लाख रुपये तक का लोन पाएं योजना में ऐसे करें आवेदन, जानें कैसे
PM Mudra Loan Yojana 2023 : Pradhan Mantri Mudra Yojana encourages and supports small businesses that are not able to take loans. Mainly, because of the need for collateral or credit guarantee. Since India is a country where huge entrepreneurs need encouragement!
Also, their progress, in turn, helps in the development of our economy. Moreover, it stabilizes poverty to a great extent. That’s why this PM Mudra Loan provides loans to eligible entrepreneurs! In addition, the loan offers a longer tenure of repayment with the lowest interest rates.
PM Mudra Loan
PM Mudra Loan
If you want to set up your business, then the government is providing cheap loan facility for you. The government is giving a loan of up to Rs 10 lakh to the youth under the Pradhan Mantri Mudra Yojana to start their own business. PM Mudra Loan Yojana 2023
It is also easy to apply for a loan under this Pradhan Mantri Mudra Yojana (PMMY) launched by the Narendra Modi government at the Center in 2015.
The aim of the government behind this Pradhan Mantri Mudra Yojana is to bring more and more people into the mainstream for self-employment. This will create employment opportunities for other people as well. The government has divided this scheme into three sections,
if you have any business Pradhan Mantri Mudra Loan Yojana (PMMY) but you do not have money or guarantor, then do not worry because Pradhan Mantri Mudra Loan Yojana (Pradhan Mantri Mudra Loan Yojana) Mantri Mudra Yojana) is all yours. PM Mudra Loan Yojana 2023
to solve problems! Under this scheme, you are giving loan up to Rs 50,000, loan up to Rs 5 lakh and loan up to Rs 10 lakh. PM Mudra Loan Yojana 2023
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If you are starting your business and looking for financial help! So you can take a maximum loan of Rs 50,000 under Baby Loan! Pradhan Mantri Mudra Loan Yojana (PM Mudra Loan Yojana) has an interest rate of 10% to 12% per annum with a repayment period of 5 years.
If you have started a business but haven’t established yet! So you can take a loan between Rs 50,000 to Rs 5 lakh under Kishor Loan! The rate of interest varies depending on the lending institution. With Pradhan Mantri Mudra Loan Yojana, the credit record of the applicant plays an important role in deciding the interest rate.
This loan is for those who have established their business. And funds are needed for expansion and purchase of assets. In which the loan amount is between Rs 5 lakh to Rs 10 lakh. The interest rate and repayment tenure is based on the Pradhan Mantri Mudra Loan Yojana (PMMY) and credit record of the applicant.
- Features of Mudra Loan
- Interest rate: Varies from bank to bank
- Guarantee/Security: Not Required
- Minimum Loan Amount: Not Fixed
- Maximum loan amount: up to Rs.10 lakh
- Repayment Tenure: 3 years to 5 years
- Processing Fee: NIL
Mudra Yojana Types: Shishu, Kishor and Tarun
Benefits of Pradhan Mantri Mudra Loan Yojana: It can be availed by businesses, SMEs, MSMEs, businesses engaged in manufacturing, trading and service sectors. PM Mudra Loan Yojana 2023
Mudra Yojana can be availed for these purposes
Purchase of commercial vehicles such as tractors, auto-rickshaws, taxis, trolleys, tillers, goods transport vehicles, three-wheelers, e-rickshaws, etc. under Pradhan Mantri Mudra Loan Yojana.
Activities in food and clothing manufacturing sector and other activities in related sectors.
Establishment of shops, service enterprises, trade and business activities and non-farm income generating activities.
Equipment Finance Pradhan Mantri Mudra Loan Scheme for Small Businesses up to a maximum of Rs 10 lakh!
apply for mudra loan online
Interested applicants can apply for PM Mudra loan online by following the steps given below after visiting the official website of the bank eligible to offer Mudra loan as directed by the Reserve Bank of India.
Download the loan application form from the official website of the bank Fill the application form with required details Submit the application form along with all the required documents Bank representative will get in touch with you to proceed with the loan formalities.
Once the loan application form and attached documents are processed and verified, the loan will be sanctioned and further disbursed by the bank.