Pradhan Mantri Mudra Yojana: Under this scheme, the government gives loans up to Rs 10 lakh with cheap interest rates on minimum documents to the people to start their own business.
Pradhan Mantri Mudra Yojana: If you want to start your business this festive season but you are short of money, then this can be useful news for you. Actually, in the last 9 years, Modi government has started many schemes for different sections. One of these is Pradhan Mantri Mudra Yojana (PMMY). Under this scheme, the government gives loans up to Rs 10 lakh to people with affordable interest rates on minimum documents to start their own business. Let us know in detail….
What are the details of the scheme
Let us tell you that the government gives priority to loans in the Shishu category with the aim of promoting entrepreneurship among the youth of the new generation. After this, loans of Kishore and Tarun category are given. Talking about the interest rate, it is decided by the loan giving institutions as per the guidelines of RBI. Mudra card is also available under the scheme. It is like a debit card. To apply under the scheme, one should have documents like passport size photo, ID, address proof. For detailed information, you can apply by visiting https://www.mudra.org.in/offerings.
Loan up to Rs 10 lakh
Under the PMMY scheme of Modi government, you will easily get loans up to Rs 10 lakh from banks, non-banking financial companies (NBFCs), small financial institutions (MFIs). You can take this loan in three categories. These categories are – Shishu, Kishor and Tarun. Let us tell you that the loan amount is different in these three categories. If you take a loan under Shishu category, you will get a loan up to Rs 50,000. Under Juvenile category above Rs 50,000 and Rs. Loans of less than Rs 5 lakh will be available. Whereas, under Tarun:at category, you will easily get loans above Rs 5 lakh and up to Rs 10 lakh.
