PM Mudra Loan Apply: Dreaming of starting your own business but struggling with capital? Then the country’s Pradhan Mantri Mudra Yojana (PMMY) is for you! The scheme was launched in 2015 to promote small and micro enterprises and generate employment. Under this scheme you can get loan from Rs 50,000 to Rs 10 lakh without any collateral.
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Mudra Loan Apply Information
- Eligibility: Any Indian citizen between the age of 18 to 70 years, who wants to start his own business or expand an existing business, is eligible for this scheme.
- Loan Amount Types: This scheme offers three types of loans:
- Infant: Rs. up to 50,000
- Juvenile: Rs. 50,000 to Rs. up to 5 lakhs
- Youth: Rs. 5 lakh to Rs. up to 10 lakhs
- Interest Rate: The interest rate depends on the bank and the loan amount.
- Application Process: You can apply at your local bank or online. Some necessary documents like identity proof, address proof, business plan etc. are required along with the application.
Benefits of the Mudra Loan
- No collateral is required for the loan
- Attractive interest rates
- Easy application process
- Financial assistance to start and grow a business
- Employment generation
- Enhancing self-reliance
To know more about the scheme
- Official Website: https://www.mudra.org.in/
- Contact your local bank
- Participate in programs organized by the bank regarding the scheme
This plan is constantly changing. It is recommended to contact the official website or your local bank for the latest information. Hope you found this article helpful! Take advantage of the Pradhan Mantri Mudra Yojana to give wings to your dreams and become a successful entrepreneur! mudra loan
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