Pradhana Mantri Mudra Yojana: Central Government has launched various schemes for the people. Some directly benefit them. But, many people look forward to get loan without interest and guarantee.
Pradhana Mantri Mudra Yojana: Central Government has launched various schemes for the people. Some directly benefit them. But, many people look forward to get loan without interest and guarantee. Today we will learn about one such loan facility. This way you don’t have to pay a single rupee of interest. Through this scheme you will get an unsecured loan of up to Rs.10 lakh.
This scheme is Pradhan Mantri Mudra Yojana This scheme is provided by the central government. Eligible candidates can easily get loan facility under this scheme. Everyone across the country is eligible for this scheme. Many beneficiaries have already benefited under this scheme. However, there are certain rules for you to avail this loan facility. Applying for this scheme is very easy. But, if you break the rules, you will not get the benefit.
This Pradhan Mantri Mudra Yojana will sanction loan in three phases. Shishu Loan, Kishore Loan, Tarun Loan. As part of the Shishu Loan, you will get a loan of up to Rs.50 thousand. After that Kishore Loan in this category you will get loan facility from Rs.50 thousand to Rs.5 lakh. As part of the Tarun Loan scheme, you will get a loan ranging from Rs.5 lakh to Rs.10 lakh. No guarantee is required to avail this scheme. The interest rate on this is 9 to 12 percent.
The Pradhan Mantri Mudra Yojana is useful for small scale farmers as well as those expanding their businesses. New business starters are also eligible for this scheme. But, what business are you going to start at the time of application? What is your plan? To be explained. Applicants for Pradhan Mantri Mudra Yojana will have to go to your nearest public sector banks and provide your details and get the application. Online mode is also available in some banks. If you want more details about this scheme visit www.mudra.org.in.
(Disclaimer: This article is based on information available on the internet. BilDigit is not verified. )
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