Pradhan Mantri Mudra Loan Yojana: The government will give loans ranging from Rs 50 thousand to Rs 10 lakh to small traders or laborers to start a business. The appellants were given Rs. Can apply for loans ranging from 50,000 to 10 lakhs. Pradhan Mantri Mudra Loan Yojana can apply online from the official website www.mudra.org.in.
Pradhan Mantri Mudra Loan Yojana term loan will be provided for a period of 60 months. In Pradhan Mantri Mudra Loan Yojana, the loan will have to be repaid with 9 per cent interest per annum. Loan installments will start after the moratorium period of 3 months. Now we will give you the details about PM Mudra Loan Scheme so that you can apply for the scheme.
Who will benefit from Pradhan Mantri Mudra Loan Yojana? How will it be beneficial? Where are the documents required? How much benefit means help? Its information is given in this article. Which are as follows.
About Prime Minister Mudra Loan Scheme :-
Pradhan Mantri Mudra Loan Yojana: Mudra loan scheme is divided into three segments by the government, Shishu (starting from 50000), Kishore (50001 – 5 lakh) and Tarun (500001 to 10 lakh). Maximum loan amount Rs. 10 lakh can be given. The special thing about the loan given under this scheme is that the applicant does not need to give any kind of security for the loan.
Micro Units Development and Refinance Agency (MUDRA) Loan Scheme is a large scale initiative of the Central Government to provide loans to individuals, SMEs (Small-to-Medium Enterprises) and MSMEs (Micro Small and Medium Enterprises).
Pradhan Mantri Mudra Loan Yojana (PMMY) Highlights :-
Objective of Prime Minister Mudra Loan Scheme
Pradhan Mantri Mudra Loan Yojana was launched by the Prime Minister of our country Mr. Narendra Modi. Under the PM Mudra Loan Scheme, financial assistance of ₹ 1000000 is provided to the citizens of the country in the form of a loan if the citizen wishes. Starts his own small business. If he wants to start his own business then he can easily get loan up to ₹ 1000000 by applying under Mudra Yojana.
🔸Citizens have to start new business
🔸 Expansion and growth of existing business
🔸Recruitment of trained and competent employees
🔸Purchase of new machinery
🔸Obtaining working capital for the business
🔸Purchase of commercial equipment
There are three main types of Pradhan Mantri Mudra Loan Yojana :-
1. Shishu loan – up to 50 thousand,
2. Kishor loan – from 50 thousand to 5 lakh and
3. Tarun loan – from 5 lakh to 10 lakh.
What is Mudra full form ?
The full form of Mudra is Micro Units Development and Refinance Agency. Mainly helps in financing both profit and non-profit sector companies. Companies or individuals desirous of taking PM Mudra loan up to Rs. Can get financial assistance ranging from 50,000 to 10,00,000 / -.
How to take loan on Aadhaar card ?
How to get Mudra loan: Mudra loan is also known as Aadhar card loan in rural areas and we can also call it another name of Pradhan Mantri Business Loan Yojana. Because it is printed in the newspapers and magazines that the bank gives loan on Aadhaar card, the bank has given loan on Aadhaar card. Actually, the government has made the process of taking Mudra loan very easy. If you are running a small or big business then you can get Mudra loan easily.
Talking about documents, only Aadhaar card is asked as proof of identity. Also on file are the signatures of the two guarantors and the bank. Apart from this, no other special formalities are performed. That is why Mudra loan is also called Aadhaar card loan.
Eligibility for Pradhan Mantri Mudra Loan Scheme eligibility :-
There are certain eligibility criteria to avail the benefits of PM Mudra loan scheme. Which are as follows.
● Indian citizens are eligible for this scheme.
● The credit score of the beneficiary should be good.
● The borrower should not be a defaulter of other banks
● Before taking a loan under PM Mudra loan, the bank has to show in writing where and how much you will invest.
● Applicant should have Aadhaar card.
● Beneficiary should have PAN card.
● The age of the applicant should be more than 18 years.
● Income Tax Return of last 3 years
Documents required for Mudra loan scheme. Documents for Prime Minister Mudra Loan Scheme :-
People who start a small business and who want to grow their small business can also apply for loan under this Pradhan Mantri Mudra Loan Scheme 2022.
🔅 The age of the borrower should not be less than 18 years.
🔅 Applicant should not be a defaulter of any bank
🔅 Aadhaar Card
🔅 PAN Card
🔅 Permanent Address of the Application
🔅 Business address and proof of establishment
🔅 Balance sheet of last three years
🔅 Income Tax Return and Self Tax Return
🔅 Passport size photo
Benefits of Prime Minister Mudra Loan Scheme Benefits of Prime Minister Mudra Loan Scheme :-
If you want to apply for Pradhan Mantri Mudra Loan Yojana 2022, then must check the benefits given here because by applying you will get all the benefits given below.
📝 Through this scheme, the people of the country can take loans from it to set up small businesses.
📝 Citizens applying through the Mudra loan scheme will get a card that will allow them to spend their business.
📝 Under this scheme, any citizen of the country can take a business loan, that too without any collateral.
📝 No fee will be charged and the loan repayment period can also be extended.
📝 Collateral Free Loans – No collateral or security is required from the borrower by the Banks / NBFCs
📝 Concessional rates for women entrepreneurs
📝 Loans covered under credit guarantee schemes from Govt.
📝 India’s term loans, working capital loans and overdraft facilities can be availed in the form of
📝 All non-agriculture enterprises, i.e. small or micro enterprises engaged in income generating activities can avail Mudra loan.
📝 People belonging to SC/ST/minorities can also avail Mudra loan at a special rate of interest.
Download Pradhan Mantri Mudra Yojana Application Form. Application Form :-
Pradhan Mantri Mudra Yojana Application Form: If you are going to apply offline for Mudra loan then you can first talk to branch manager or field officer for Mudra loan in your nearest bank. After this you can go to the official website of Mudra or we have also provided the application form here, you can also download the application form from here and fill it completely and submit your application form to the nearest bank where you have applied. Had talked. Click here for Application Form / Application Form. ,
What is the interest rate of Prime Minister Mudra Loan? Rate of interest :-
Mudra Loan Interest Rate: The interest rate of Pradhan Mantri Mudra Yojana Loan 2022-2023 varies from time to time. It may differ from bank to bank. At present, if we talk about some big banks, it starts from around 8.15 percent. This may vary as per the loan amount sanctioned.
How to fill the Prime Minister e-Mudra Loan Application Form ?
Mudra loan or colloquially also known as Aadhaar card loan. To apply for this, first of all you go to your nearest bank. You can approach the loan officer (Area Officer) there. If he agrees then first of all he will give you the application form for CIBIL report. Fill it out and return it to them.
If your CIBIL report is correct (around 700 marks), you will be given an application form. You have to fill it carefully. In the application form you have to fill all the information asked on it, mainly their business related information like experience etc, family members information etc. Apart from this, other documents may be asked from you along with Aadhaar card and photograph etc.
Note:- CIBIL Report, in full form Credit Information Bureau India Limited, is a credit report. Where each individual transaction is evaluated and points are awarded. The CIBIL score ranges from 300 – 900. 300 marks are considered as 900. considered the worst and 900 as the best.)
Pradhan Mantri Mudra Yojana Bank Offline Application Process :-
If you want to take a loan under the Mudra loan scheme, then you have to follow the procedure given below.
OFFICEAL WEBSITE CLICK HERE
If you want to grow your business big or small, or if you already have a business, you want to grow it. So for offline application you have to follow the procedure given below.
📋 First of all you have to go to your nearest bank. Inform your business about Mudra loan to the branch manager or loan officer of the bank. 📋 Talk about expanding your new business or old business.
If the branch manager/loan officer is satisfied with your problem, they will ask you to process further.
📋 After this you will be asked for your Aadhaar card and PAN card. Along with this, you will be given a consent form for generation of CIBIL report.
📋 Bank will generate your CIBIL report. If your CIBIL score is correct, the loan officer of the bank will visit your shop/business location.
📋 After verifying your business you will be given an offline form by the bank.
📋 Fill your application form completely and submit it to the bank.
📋 You will then be asked to sign the file.
Along with the application form, you will be asked for your identity card and 2-3 photographs.
📋 Two sureties can be asked from you if required.
📋 In this way your Pradhan Mantri Mudra Yojana file is almost ready.
📋 You will get the money in the next few days.
🔘 How to apply online for Pradhan Mantri Mudra Loan Yojana ?
Step 1: To apply for Mudra loan online, you must first visit its official website www.mudra.org.in.
Step 2: After landing on the home page of the official website, you will see the infant, teen and adolescent options. You can download the Mudra Loan Application Form from above.
Step 3: From here you can download the Mudra loan application and take a print out of it.
Step 4: After taking the hard copy (print), you will have to fill it and attach all the necessary documents and submit it to your nearest bank.
Step 5: Bank will verify your proposal. Apart from this, your CIBIL score will also be seen.
Step 6: If everything looks fine, your loan proposal is approved by the bank branch.
Prime Minister Mudra Loan Scheme Helpline Number :-
If you want the helpline number of the PM Mudra Loan Yojana Department then you will get the helpline numbers of all the officials by clicking on the button below.
FAQs of Pradhan Mantri Mudra Loan Yojana :-
What is Mudra Loan Scheme?
Mudra Yojana is a loan-related scheme, through which loans ranging from 50000/- to 1000000/- are made available to small businessmen on easy terms.
What is the weekly website of Pradhan Mantri Mudra Loan Yojana (PMMY)?
Weekly Website of PM Mudra Loan Scheme (PMMY) https://mudra.org.in
How to take loan on Aadhaar card?
Generally Mudra Yojana is linked to taking loan on Aadhaar card. Because usually banks require only Aadhaar card as an identity card for these loans.
Can Mudra Loan be applied online?
Yes, you can apply online for PM Mudra Loan Yojana (PMMY) by visiting this website https://www.mudra.org.in.
How long can it take to get finance sanctioned under Mudra Yojana?
Your bank loan under PM Mudra loan scheme can be approved within 7 to 10 days.
I want to start my business, how can I get Mudra loan?
If you are going to start your new business, then you can start on a small scale. For this you can contact your nearest bank. Initially you apply for a small loan. If you deposit it on time, the bank will keep increasing your loan limit from time to time.
Through this article, we will introduce you to Pradhan Mantri Mudra Loan Yojana, all important information related to Pradhan Mantri Mudra Loan Yojana has been provided. If you are still facing any kind of problem then comment in the comment box, contact us we will solve your problem.