What is Mudra Yojana, whose beneficiaries PM Modi talked to - Know who can apply

PM Mudra Yojana: The Government of India keeps running many schemes for the people of the country. Different people of the country get the benefit of many schemes of the government. The government brings schemes according to the needs of the people. On the morning of 8 April, Prime Minister Narendra Modi talked to the beneficiaries of PM Mudra Yojana.

The beneficiaries told Prime Minister Modi about the benefits of PM Mudra Yojana and also shared their experience with him. After all, what is Pradhan Mantri Mudra Yojana. And how does one benefit from this scheme? Who can apply for it? What is its complete process, let us tell you all the information.

What is Mudra Yojana?

There are many people in the country. Who wants to start their own business instead of doing a job. Or want to expand their already established business. But they do not have enough money for this work. To help such people, the Government of India started the Mudra scheme in the year 2015. The Prime Minister Mudra Yojana was started in the country on 8 April 2015. Under which entrepreneurs were given loans up to Rs 10 lakh.

But from this year, the maximum loan amount in this scheme has been increased to Rs 20 lakh. Let us tell you that there are four types of categories in the scheme. Which include Shishu, Kishor, Tarun, and Tarun Plus. A loan of up to Rs 50,000 is given in the Shishu category. From Rs 50,000 to 5 lakhs in the Kishor category, from Rs 5 lakh to 10 lakhs in the Tarun category and those who repay the loan of this category get a loan of Rs 10 lakh to 20 lakhs under the Tarun Plus category.

How to get a loan under PM Mudra Yojana?

If you want to take a loan under Pradhan Mantri Mudra Yojana, then for that you can go to your nearest government or private bank. You can also go to RBI, NBFC, or Micro Finance Institutions. There you will have to fill out a form. In which you will have to provide information about your business.

Along with this, some documents will have to be submitted. This will include an Aadhar card, PAN card, and documents related to your business, as well as your passport-size photo will also be necessary. The bank will approve your loan after checking your documents. For online applications, you can visit www.udyamimitra.in.