Get up to Rs 10 lakh to do business, and take advantage of the Modi government’s scheme: If you are thinking of starting your new business recently, then this news is of your use. The central government is providing financial assistance to start a new business. Today we will tell you about a special scheme of the government. Under this scheme, you can start your business by taking financial assistance ranging from 50,000 to 10 lakhs.
E Mudra Loan Scheme
For information, we tell you that the “Mudra Loan Scheme” is a superhit scheme managed by the government. Under this scheme, you are given a loan facility. In this case, you can easily get the loan. What is special is that you will get an unsecured loan and you do not need to pay any processing fee. What is the Mudra loan interest rate? There is no balance interest rate under Pradhan Mantri Mudra Yojana. Banks may charge different interest rates for Mudra loans. Generally, the minimum interest rate is 12 percent. There are 3 types of loans available. Let us tell you that you can get the benefits of the PM Mudra loan in 3 steps.
Shishu Loan Scheme – Under this scheme, you will get loans up to Rs.50,000.
Kishor Loan Scheme- In this scheme, the number of loans has been fixed from Rs 50,000 to Rs 5 lakh.
Tarun loan schemes can be taken from Rs 5 lakh to Rs 10 lakh in Tarun loan scheme.
This scheme was specially launched for small entrepreneurs. For example – shop owners, fruit/vegetable vendors, small-scale industries, food service units, workshops, machine operations, and food processing units can avail benefits of this scheme.
How to get a loan
You can take this loan from government banks, private banks, foreign banks, rural banks, and cooperative banks from anywhere. RBI has authorized 27 public sector banks, 17 private banks, 31 rural banks, 4 co-operative banks, 36 micro-financial institutions, and 25 non-rape financial companies (NBFCs) to disburse money. How to get a loan? You can visit the official website http://www.mudra.org.in/ to get the loan. By downloading the form from here, you need to fill in all the details and upload the required documents. Bank branch managers take information about your work. On that basis, PMMY limits your loan.