To start a business, you are getting a loan of lakhs without guarantee in this scheme, apply like this.

PM Mudra Yojana Applying Process: The Government of India brings various schemes for the people of the country. The government brings schemes based on the needs of different people. If someone wants to start his own business or wants to expand it. And he does not have enough funds for this. So such people are given a loan by the Government of India.

The government has started the Pradhan Mantri Mudra Yojana for this. Under this scheme, the government gives loans without guarantee to entrepreneurs doing business. If you also want to start a business. So this is how you can apply for a loan in this scheme. Let us tell you what will be the complete process of applying for a loan in PM Mudra Yojana.

The government is giving business loans without guarantee

There are many such people in India. Who now think of starting their own business instead of doing a job. However, the biggest difficulty in their path is money, they have to arrange money to start their own business. The Government of India is also running PM Mudra Yojana to help people start a business. This scheme was started in the year 2015. Under the PM Mudra Yojana, the Government of India earlier used to give business loans up to Rs 10 lakh to the youth. Which has now been increased to Rs 20 lakh. Let us tell you that this loan is given by the government without any guarantee.

The loan is available in three categories.

Under the Pradhan Mantri Mudra Yojana, the government gives loans at cheap interest rates to start or expand non-corporate and small industries. This loan is given in three categories. These include categories like Shishu, Kishore, and Tarun. A loan of Rs 50 thousand is given in the Shishu category, Rs 10 lakh in the Kishore category, and Rs 20 lakh in the Tarun category.

Apply for a loan like this.

To avail the benefits of Pradhan Mantri Mudra Yojana, you can visit your nearest bank branch. You can also register yourself by visiting the official website of the scheme https://www.mudra.org.in/. To avail of the benefits of the scheme, you must have a complete business plan, its project report, and a copy of ITR. Also, you must have documents like an Aadhaar card, PAN card, and permanent and business office address proof.