Mudra Yojana: If you also make this mistake, then the Mudra loan will be canceled, know

The Government of India runs many schemes for the people of the country and one of them is the Mudra Loan Scheme. Under this loans are provided to young entrepreneurs to set up and expand their businesses. Earlier, a loan of up to 10 lakhs was given under the Mudra scheme. But now its amount has been increased to Rs 20 lakh. But if anyone makes this mistake in taking a loan, then he does not get the benefit of the Mudra scheme, so let's know.

Lack of knowledge about business

To take a loan under this scheme, you need to have good knowledge about the business. It is important which you want to start. Because when you apply for a Mudra loan, you have to tell it in which field you want to start a business.

The loan will be canceled

If you do not have information about the business related to the field, then your application for a Mudra loan may be canceled. Often many people make this mistake and due to this one mistake they are not able to get the loan.