What to do to get a Mudra loan, who gets the benefit of it?
Mudra Loan Scheme: Under the Mudra scheme, loan is given for business. Who gets the Mudra loan and what is the method of applying for it, let us tell you.
Mudra Loan Scheme: Different types of schemes are run by the Government of India for the citizens of the country. Various types of schemes are brought by the government keeping in mind the interests of the citizens. In today's time, many people in India are getting attracted towards startups and business. The Government of India helps such people to set up their business, to start it.
For this, PM Mudra Loan Yojana was started by the Government of India in the year 2015. Under this scheme, loan is given for business. Who gets the Mudra loan and what is the method of applying for it, let us tell you.
Three types of loans are given
There is a provision of giving three types of loans in the Pradhan Mantri Mudra Loan Yojana. The loan amount is different in all these three loans. Under the scheme, Shishu loan, Kishor loan, and Tarun loan are given. In a Shishu loan, an amount of up to Rs 50000 is given. Whereas in Kishor loan, an amount of Rs 50000 to Rs 5 lakh is given.
So along with that, a loan of Rs 5 lakh to Rs 10 lakh is given in Tarun loan. The amount of which has now increased to Rs 20 lakh. However, this Rs 20 lakh is given to those people only. Who has repaid the Tarun loan taken earlier on time?
These people are given.
Some eligibility has been fixed for taking loan under Pradhan Mantri Mudra Yojana. Applicants have to fulfill them. The applicant applying for the loan should be 18 years of age or above. Along with this, the applicant taking the loan should not be declared a defaulter by any bank or financial organization.
His credit report should be good. Along with this, the work for which he is taking the loan. He should have knowledge and experience about that work. Along with this, this loan should be used only for business purpose, only then the loan will be given.
How to apply for loan?
One can apply online for Pradhan Mantri Mudra Loan Yojana. For this, first of all you have to go to the official website of the scheme www.mudra.org.in. After this, as soon as you move forward, you will get the option of three types of loans Shishu, Kishor and Tarun loan on the home page itself, you can choose any one option as per your need.
After this, you have to click on the link of the related application form, download it and take a printout of it. After filling all the information asked in the form, you have to attach some supporting documents and submit the form to your nearest bank. After approval, you will be issued a loan.
