Pradhan Mantri Mudra Yojana: If you want to start your business and you do not have money, then there is no need to worry. The government has come up with a scheme which can be very useful for you. So let us know what this plan is.
The scheme was started in 2015
A scheme has been launched by the government in which you will be given a loan ranging from Rs 50 thousand to Rs 10 lakh. Pradhan Mantri Mudra Yojana (PMMY) was launched on April 08, 2015.
Collateral free loan is available from the government
To take a loan through Pradhan Mantri Mudra Yojana (PMMY), you do not have to give any kind of security, in this scheme you get a collateral free loan from the government.
Loan will be available from Rs 50 thousand to Rs 10 lakh
The benefit of this scheme is that loans are given for non-corporate and non-agricultural purposes. In which you are given a loan ranging from Rs 50 thousand to Rs 10 lakh.
Loan is given in three categories
Shishu Loan– In this type of loan, you are given help up to Rs 50 thousand. Kishore Loan- In this type of loan, you are given a loan up to Rs 5 lakh. Tarun Loan- In this, an amount up to Rs 10 lakh is given as loan.
Who can apply for this loan
If you want to apply for this loan then you must be a citizen of India. Along with this, you should not have any bank default history. If you want to apply for a loan then you must have a bank account. Along with this, the age of those applying for loan should be more than 18 years.
Benefits of Pradhan Mantri Mudra Yojana (PMMY)
Through this scheme you can take a loan ranging from Rs 50 thousand to Rs 10 lakh. There is no processing fee of any kind for this loan. The payment period of this loan ranges from 12 months to 5 years, if you are not able to repay the loan within 5 years then you can easily extend its period. No interest is charged on this loan.
What documents will be needed
Aadhar Card PAN Card Permanent and business address proof Copy of Income Tax Return and Self Tax Return Passport size photograph
Apply like this
First of all, you can apply by visiting the official website of Mudra Yojana, mudra.org.in.
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