PM Mudra Yojana | Take loan up to Rs 10 lakh for business

PM Mudra Yojana:- The Prime Minister Mudra Loan Scheme was started by the Prime Minister of our country Shri Narendra Modi. Under PM Mudra Loan Yojana, financial assistance of Rs1000000 is being provided to the citizens of the country in the form of loans if any citizen If someone wants to start a small business or wants to expand his business, then he can easily get a loan of up to  Rs 1000000 by applying under Mudra Yojana. Through this article, we will tell you what is the application process for this scheme. What are its required documents, what are the eligibility and benefits, and other information? To get all the information related to the scheme, you are requested to read this article till the end.

Pradhan Mantri Mudra Yojana 2024
Let us tell you that a budget of Rs 3 lakh crore was prepared by the Central Government for the Mudra loan, out of which loans worth Rs 1.75 lakh crore have been distributed so far. Those who want to take a loan under Mudra Yojana will not have to pay any processing charges to take the loan. Under this scheme, the loan repayment period has been extended by 5 years. The people of the country are given a Mudra card to take a Mudra loan under this Prime Minister Mudra Loan Scheme.

The objective of PM Mudra Yojana

The main objective of this scheme is that many people in the country want to start their businesses but are unable to start due to lack of money. For such people, the Central Government has started this scheme, Pradhan Mantri Mudra Loan Scheme. Under 2024, beneficiaries can start their own small business by taking a Mudra loan. And under this scheme, providing loans to people in a very easy manner. Through Pradhanmantri Mudra Loan Scheme 2024, realize the dreams of the people of the country and make them self-reliant and empowered.

Types of Pradhan Mantri Mudra Yojana
Three types of loans are given under this scheme.

Shishu Loan: Under this type of Mudra scheme, a loan of up to Rs 50000 will be allotted to the beneficiaries.
Kishore Loan: Under this type of Mudra scheme, loans ranging from Rs 50000 to ₹ 500000 will be allotted to the beneficiaries.
Tarun Loan: Under this type of Mudra scheme, loans ranging from Rs 500000 to Rs 1000000 will be allotted to the beneficiaries.

Banks covered under the Mudra Scheme
Allahabad Bank
Bank of India
Corporation Bank
j&k bank
Punjab and Sindh Bank
Syndicate Bank
Union Bank of India
Andhra Bank
Bank of Maharashtra
Dena bank
Karnataka Bank
Punjab National Bank
Tamil Nadu Mercantile Bank
Axis Bank
Canara Bank
Federal Bank
Indian Bank
Kotak Mahindra Bank
Saraswat Bank
UCO Bank
Bank of Baroda
Central Bank of India
HDFC bank
Indian Overseas Bank
Oriental Bank of Commerce
State Bank of India
Union Bank of India

Beneficiaries of PM Mudra Loan Yojana
sole proprietor
service sector companies
micro industry
repair shops
truck owners
food-related business
micro manufacturing form

Documents Needed
> People starting small businesses and those who want to expand their small businesses can also apply for a loan under this Pradhanmantri Mudra Loan Scheme 2024.
> The age of the person taking the loan should not be less than 18 years.
> Applicant should not be a defaulter in any bank
> Aadhar card
> PAN card
> Permanent address of application
> Proof of business address and establishment
> Balance Sheet for last three years
> Income Tax Returns और Self-tax Returns
> Passport-size photo

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