new Delhi.
PM Mudra Yojana: If you also want to start your own business Opportunities, but you are unable to do it due to the financial constraints, now the Modi government will help you. Actually, under the Pradhan Mantri Mudra Yojana (PMMY), you can get a loan without any guarantee to start a business. Please tell that Prime Minister Narendra Modi (PM Modi) started the Mudra Yojana in April 2015. Under this scheme, you can take a loan of up to 50 thousand rupees to start your small work.
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Loan will be provided without guarantee
Under Pradhan Mantri Mudra Yojana, you are given a loan to start your own business. Under this scheme, you can take a loan without any guarantee (Loan without Guarantee). The objective of this scheme is to motivate people towards self-employment. The scheme was started for those who want to set up their own business.
Loan of 10 lakh rupees
Three types of loans are given under Pradhan Mantri Mudra Yojana. Shishu Mudra is a loan for small traders, in which a loan of up to Rs 50,000 can be taken. At the same time, loans ranging from Rs 50,000 to Rs 5 lakh are given in Kishore Mudra Loans. At the same time, loans ranging from Rs 5 lakh to Rs 10 lakh are available in Tarun Mudra loan.
Loan will be provided without guarantee
The most important thing about PM Mudra scheme is that it provides loans without guarantee. Apart from this, no processing charge is also charged for the loan. In the Mudra scheme, the repayment period can be extended to 5 years.
How to apply
There is no fixed interest rate under the Pradhan Mantri Mudra Yojana. The minimum interest rate is typically 12%. For the loan under the Mudra scheme, you have to apply to the government or bank branch. For this, you have to provide the ownership or rental documents, work related information, Aadhaar, PAN number and many other documents.