Under the Pradhan Mantri Mudra Yojana scheme, the central government is giving loans up to Rs 10 lakh at easy and affordable interest rates. Apart from this, if you keep repaying the loan on time, then the interest rate of the loan is also waived off.
To motivate the youth of the country for self-employment, the central government is running the Pradhan Mantri Mudra Yojana. Through this wonderful scheme, the government is giving a loan of up to Rs 10 lakh under Mudra Yojana to start or expand non-corporate small businesses in small areas. This scheme was started in the year 2015. If you also want to collect money to start your business, then the central government can solve your problem. With PMMY you can give wings to your dream.
Categories of Pradhan Mantri Mudra Yojana Loan
⦾ The loan available under PM Mudra Yojana is divided into three categories. These three categories are Shishu loan, Kishor loan and Tarun loan.
⦾ Loans up to Rs 50 thousand are given under Shishu loan.
⦾ Loans ranging from Rs 50 thousand to Rs 5 lakh are given under Kishor loan.
⦾ Loans ranging from Rs 5 lakh to Rs 10 lakh can be availed under Tarun loan.
How to apply for Pradhan Mantri Mudra Yojana Loan?
No guarantor is required to apply for the loan under PM Shishu Mudra Loan Scheme, nor is there any kind of charge for it. However, there may be a difference in loan interest rates in different banks. It depends on the banks. There is an interest rate of 9 to 12% under this scheme.
You can also take loan online
To avail Mudra loan, you have to visit your nearest bank. Many banks have also provided online facility to apply under this scheme. You can get more information by visiting https://www.mudra.org.in/.