Pradhan Mantri Mudra Loan Yojana 2024: 10 Lakhs Loan Available, Eligibility, Benefits, Apply Online
Pradhan Mantri Mudra Loan Yojana 2024: A loan scheme has been started by the government for all the citizens of the country to start their own business, named Pradhan Mantri Mudra Loan Yojana. This scheme has been started by the Prime Minister of our country, Narendra Modi. If you want to start a new business or want to expand your business further, then you can take a loan from Rs.50.000 to Rs.10 lakh through PM Mudra Loan Yojana.
Pradhan Mantri Mudra Loan Yojana 2024 : Overview
Add row aboveAdd row belowDelete rowAdd column to leftAdd column to rightDelete columnName of the SchemePradhan Mantri Mudra YojanaName of the ArticlePM Mudra Loan Yojana 2024Scheme Launched08 April 2015BeneficiariesSmall BusinessWho Can ApplyAll India Applicant Can Apply.Mode of ApplicationOnline and OfflineLoan50,000 to 10 LakhOfficial Websitehttps://www.mudra.org.in/
Benefits and Features of Pradhan Mudra Loan Yojana
- No Collateral Required: Borrowers don’t need to provide any security or third-party guarantee.
- Competitive Interest Rates: Interest rates are affordable, typically not exceeding 1% per month.
- Accessibility: Funds can be accessed easily using a Mudra loan card, avoiding bank visits.
- Wide Coverage: Available to a range of businesses including vendors, traders, and service providers.
- Government-Backed: Offers the reliability of a government-endorsed scheme.
- Flexible Repayment Terms: Designed to accommodate the financial situation of small businesses.
- Inclusive Financing: Aims to include underbanked and underserved segments of the economy
Eligibility for availing the scheme
- The applicant should be a resident of India.
- Age of applicant should be more than 18 years.
- The applicant should have some required documents.
- The applicant should not be a defaulter in any bank
How many types of loans are provided under PM Mudra Yojana?
- Shishu Loan: Covering loans up to Rs 50,000
- Kishor Loan: Covering loans from Rs 50,000 to Rs 5,00,000
- Tarun Loan: Covering loans from Rs 5,00,001 to Rs 10,00,000
Documents for Pradhan Mantri Mudra Loan Yojana 2024
- Aadhar Card
- Voter Card
- Ration Card
- PAN Card
- Caste Certificate
- Residence Certificate
- Income Certificate
- Business Related Certificate
- Bank Account Passbook
How to apply for PM Mudra Loan Yojana?
- First of all, you have to visit its official website and go to the homepage.
- On the official website, you will find the link to apply for PM Mudra Loan Yojana, which you have to click.
- After this, you will see the application form of the scheme in front of you, which has to be printed out.
- Important information has to be filled in this printout. After filling the form, you have to attach the required documents with your application.
- Now, you have to go to the nearest bank branch with your application form and submit your application with the help of the staff.
- Your application form and documents will be verified, and after verification, the loan will be arranged for you within a few days.
Helpline Number – 1800-180-1111 / 1800-11-0001
Important Links
Pradhan Mantri Mudra Loan Yojana 2024:
Official Website Click Here
Application Form Click Here
