Prime Minister Mudra Loan Scheme Full Details In 2021 In the government scheme released by Prime Minister Narendra Modi, the time-critical scheme is the Prime Minister’s Mudra Yojana, the purpose of this scheme is the new starting business.To encourage the country’s business and start its own business.
What is Pradhan Mantri Mudra Yojana?
Under the scheme launched by Prime Minister Narendra Modi on 8 April 2015, loans have been provided to several crore people under the Mudra scheme, so far more than 16 lakh crore loans have been given under this scheme. Loans are given in three categories.
Types of Pradhan Mantri Mudra Yojana?
There are three categories :-
- Shishu Pradhan Mantri Mudra Yojana
- Tarun Pradhan Mantri Mudra Yojana
- Kishore Pradhan Mantri Mudra Yojana
How much loan is available under Pradhan Mantri Mudra Loan Yojana?
Loans ranging from ₹ 50,000 to ₹ 10,00,000 are provided under this scheme.
Prime Minister Mudra Loan Scheme without guarantee business loan?
Under this scheme Pradhan mantri Mudra Loan Scheme 2021, you are provided loan without any processing fee and without bank guarantee.
Who can take advantage of Pradhan Mantri Mudra Yojana?
Small shop
Partnership partnership business
Small industry
Food business
Small scale manufacturing institution
Handcart
In the Pradhan Mantri Mudra Yojana scheme, about 70% of the people provided so far have been given loans to women and 10% loans have been given to people from minority groups.
What are the categories of loans in Pradhan Mantri Mudra Loan Yojana?
Loans are given under this scheme in the following categories:-
Shishu loan:-
Pradhan Mantri Mudra Yojana is an initial category of Shishu loan, under this category loans up to 50000 are given, which are given to support small business.
2% interest rate assistance is given under the category.
Under this scheme, the interest rate of 2% is given on the interest rate at which your bank provides you the loan.
Kishore Loan:-
Under the Pradhan Mantri Mudra Loan Yojana, the second category of Kishore loan has been made, in this loans from 50,000 to 5,00,000 are given.
Tarun Loan:-
Loans ranging from 500000 to 1000000 are being given under this category. This is the last category of such a scheme.
Which are the nationalized banks giving loans under Pradhan Mantri Mudra Yojana?
HDFC bank
Indian Overseas Bank
Allahabad Bank / Indian Bank
IDBI Bank
Karnataka Bank
Punjab National Bank/Corporation Bank
Axis Bank
Canara Bank
federal bank
bank of india
Dena Bank
Kotak Mahindra Bank
ICICI Bank
j&k bank
Andhra Bank
Bank Of Maharashtra
UCO Bank
Bank Of Baroda
Central Bank Of India
Oriental Bank of Commerce
State Bank Of India
Punjab And Sind Bank
Syndicate Bank
Union Bank of India
Things to keep in mind before taking Pradhan Mantri Mudra Yojana?
- Individuals who want to start their business. Or want to carry forward the already existing business, they can apply for a loan under this.
- The age of the borrower should be more than 18 years.
- Applicant should not have defaulter history in any bank.
- The applicant should never have been in the category of NPA.
What documents will be required for taking loan under Pradhan Mantri Mudra Yojana?
- passport size photo
- Aadhar card
- pan card
- Address proof of applicant
- Address of the place of business (if the business is already established)
- Balance Sheet of last 3 years
- Income Tax Returns etc.
How to apply for Pradhan Mantri Mudra Loan Yojana?|
To take the Pradhan Mantri Mudra Loan Scheme, you have to download the loan form of the category in which you want to take the loan from its official website.
Take a loan from here:- APPLICATION FORM 2021 DOWNLOAD
Take a loan from here:- PM MUDRA YOJANA APPLY NOW
Fill it and present it with all the documents in your nearest bank, after verification of the documents, you will be provided the loan by the bank as soon as possible, the period of which is within 1 month.
What is Mudra Card?
A card in the form of Mudra card is given to the beneficiary taking the Prime Minister’s Mudra loan. This card can be used as a debit card ATM card. Loan through Mudra card will be able to withdraw money from ATM according to its need. Along with this Mudra card, a password will be provided to you by the bank which you will have to keep confidential and you can use this card as you wish. Whenever you need money for your business you can use it to get money.
Toll free number of Pradhan Mantri Mudra Loan Yojana:-
Toll free number
1800 180 11 11
1800 11 0001
Some questions and their answers related to Pradhan Mantri Mudra Yojana:-
What is the interest rate in Pradhan Mantri Mudra Loan Yojana?
In the Pradhan Mantri Mudra Loan Yojana, the interest rate is given by the government at a discount of 2%. The interest rate in the Pradhan Mantri Mudra Loan Yojana ranges from about 10 to 12%.
How is the payment done in Pradhan Mantri Mudra Yojana?
In the Pradhan Mantri Mudra Loan Scheme, the Mudra card is provided to the beneficiary for payment, under which the loan is paid.
Where do apply Pradhan Mantri Mudra Loan Yojana?
You can apply for this Mudra loan scheme by visiting the nearest bank branch directly.
In how many days loan is available under Pradhan Mantri Mudra Loan Yojana?
Under the Pradhan Mantri Mudra Loan Yojana, the loan is given to you within a month.
Within how many days the loan has to be repaid under the Pradhan Mantri Loan Yojana?
In the Pradhan Mantri Mudra Loan Yojana, you have to repay the loan within 3 years to 5 years.
What is the processing fee under Pradhan Mantri Mudra Loan Yojana?
Processing fee is zero in Pradhan Mantri Mudra Loan Yojana.
What is the toll free number of Pradhan Mantri Mudra Loan Yojana?
1800 180 11 11
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