PM Mudra Yojana: If you also want to do business, then the government will give you a loan, there will be no need for a guarantor

In today's time, everyone wants to do business. But due to lack of money, they are not able to do so. In such a situation, if you are also worried like this, then we are telling you that you can also take financial help to start a business under PM Mudra Yojana. The government provides a loan of up to 20 lakhs for this. Any citizen of India can apply for this.

Who will get the loan?

Under PM Mudra Yojana, the government gives loans in three categories. The first is the Shishu loan, the second is the Kishor loan and the third is the Tarun loan. Through a Shishu loan, you can take up to 50 thousand rupees. Through Kishor loan, you can take a loan of Rs 50 thousand to 5 lakhs. Under Tarun loan, you can take a loan of Rs 5 lakh to 20 lakhs.

For which business can you take a loan?

Under the PM Mudra Scheme, small shopkeepers can start small businesses like fruit and food processing units. Any Indian citizen above 18 years of age can apply for this loan.