PMMY(Pradhan Mantri Mudra Yojana): As you all know, unemployment is the biggest problem of the country, in such a situation, the government runs many schemes to provide employment to the youth. Today we are going to provide you information about one of the schemes. A scheme is run by the Central Government. Under this scheme, youth are given the opportunity to set up industries or shops. To start, a loan of up to Rs 10 lakh is easily available.
If you are thinking of starting an industry or want to open a shop, then you will be provided financial assistance by the government. If you do not have money to start an industry, if you are not able to get financial assistance, then this is how You will be provided with hearty assistance through such schemes of the government.
The government has started this scheme to increase entrepreneurship so that more and more enterprises i.e. industries can be started and they can provide employment to more and more people. The problem of unemployment in the country will be solved to a great extent. Pradhan Mantri Mudra Yojana Government This is a major scheme started by . Under this, loans ranging from ₹ 50000 to ₹ 10 lakh are provided.
Pradhan Mantri Mudra Yojana (PMMY)
This is an important scheme started by the government. Under this, three types of loans are given to the people. Out of these, you can apply any type of loan online as per your action, as we have already told you about this scheme. Under this, people are easily given loans ranging from Rs 50 thousand to Rs 10 lakh. Three types of loans are provided under the Pradhan Mantri Mudra Yojana, information about which is as follows.
Shishu Loan: Up to Rs 50,000
This is the first step to take loan under Pradhan Mantri Mudra Yojana. Under Shishu Loan, we are given loan up to ₹ 50,000, if any person wants to start a small industry or want to set up a small grocery shop, because in villages etc. Most of the time a grocery shop is running, in such a situation, a person can easily open his shop by getting a loan up to ₹ 50,000 under Shishu Loan and can gradually repay the loan.
Kishore Loan: Up to Rs 5,00,000
In Kishore Loan, we get more loan than Shishu Loan. If someone wants to take a loan ranging from ₹ 50,000 to ₹ 5,00,000, then it comes under Kishore Loan. If someone wants to start a big industry or a big business, If he wants to set up a shop, he can get a loan up to Rs 5 lakh under Kishore Loan.
Tarun Loan: Up to Rs 10,00,000
Under Pradhan Mantri Mudra Yojana, the biggest loan is given up to Rs 10 lakh, whose name is Tarun Loan. Under Tarun Loan, Rs 5 lakh to Rs 10 lakh can be easily availed instantly.
Who can take loan up to Rs 10 lakh
- To avail loan under Pradhan Mantri Mudra Yojana one must have the following eligibility conditions.
- The applicant must be a native of any state in India.
- To avail the benefits of Pradhan Mantri Mudra Yojana, the applicant must be at least 18 years of age.
- The benefit of this scheme will be given only to those people who have not defaulted on any bank loan before.
- The person should have proper and complete knowledge of the industry or business for which he wants to avail the benefit of Pradhan Mantri Mudra Yojana.
- The main objective of this scheme is to increase entrepreneurship among the people, along with this, employment opportunities will also be available through this loan.
These are the required documents
- Aadhar card
- voter card
- Ration card
- PAN card
- caste certificate
- 2 passport size photographs of the applicant
- If Mudra loan is being taken for purchasing any machinery then the quotation made by the concerned showroom or company for the same should be made.
- Name of supplier / Description of machinery / Price of machinery and/or items to be purchased
- MSME Certificate for Business
You can apply here
We can apply under Pradhan Mantri Mudra Yojana in two ways. The first way is very easy. First of all, we have to go to our nearest bank branch. You will get information about Pradhan Mantri Mudra Yojana by going to the bank branch in which your bank account is opened. If you want to get information and apply for loan from Shishu Tarun and Kishor as per your requirement, you have to take all the appropriate documents with you to your bank branch and get an application form for Pradhan Mantri Mudra Yojana, fill it and submit it. After this your application will be completed successfully.
But the good thing is that under Pradhan Mantri Mudra Yojana, we can easily apply online from the official website. To apply online, you can visit its official website www.mudra. Org.in You can get loan under this scheme. There are big banks across the country like State Bank of India which provide this facility.
How to get Prime Minister Mudra Loan?
To directly apply online for Mudra Loan visit the site https://site.udyamimitra.in/Login/Register. Once the Udyog Mitra portal opens, register your business. You can apply for Mudra Loan online by directly filling the Pradhan Mantri Loan Yojana online form after registering on the Udyog Mitra portal.
How much loan can one get under Pradhan Mantri Mudra Yojana?
Mudra Yojana is categorized into 3 loan schemes namely Shishu, Kishore and Tarun. There is no minimum loan amount, however the maximum loan amount is Rs 10 lakh. Till then. The repayment period of each loan is up to 5 years, with no guarantee or security required by the bank or loan institution.
Who can take Pradhan Mantri Mudra Yojana?
Any person who wants to start his own business can take a loan under PMMY (Mudra Yojana Loan).
What will happen if Mudra loan is not repaid?
If any person takes a loan under Prime Minister Mudra Loan to start or expand a business and then does not repay it back on time, then in such a situation his property can be legally confiscated by the bank.
Who is not eligible for Mudra Loan?
To take Mudra Loan, the age of the applicant should be minimum 18 years or maximum 65 years. Mudra loans can be availed by non-agriculture-related income-generating businesses in trading, services and manufacturing. Additionally, the credit requirement should be ₹10 lakh or less.