29 crore people benefited under this scheme of the government, you can also benefit like this

new Delhi. The central government has launched the Pradhan Mantri Mudra Yojana (PMMY) to start small enterprises. Under this, people are given small loan for starting their business. This scheme started in April 2015. Till now, crores of people have taken advantage of this scheme. According to information provided by the Finance Ministry on Wednesday, banks, non-banking financial companies (NBFCs) and micro finance institutions have sanctioned loans worth Rs 14.96 lakh crore to more than 28.68 crore beneficiaries under the Pradhan Mantri Mudra Yojana (PMMY) in the last six years. Have done. Between 2015-2018, the scheme helped generate 1.12 crore additional jobs.

Three types of loans are given under the Mudra scheme. These include Shishu Loan, Kishore Loan and Tarun Loan. Loans up to Rs 50,000 are given under Shishu Loan. At the same time, loans ranging from 50,000 to 5 lakh rupees are given under Kishore Loan. Loans ranging from Rs 5 lakh to Rs 10 lakh can be availed under Tarun loan.

What is Mudra loan
The Mudra scheme is made up of Micro Units Development and Refinance Agency (MUDRA). Its main objective is to promote small and cottage industries. Prime Minister Modi started this by stating that 5 crore 75 lakh people engaged in self-employment need to be taken care of, who use an amount of 11 lakh crores with a loan of only 17,000 rupees per unit and provide employment to 12 crores Indians. Let’s make it happen.Also read: PM Awas Yojana: Millions of people got benefit of PM Awas Yojana, due to which many were named out of the list

How much is the interest rate
There are no fixed interest rates under the Pradhan Mantri Mudra Yojana (PMMY). Different banks may charge different interest rates for Mudra loans. The interest rate also depends on the nature of the business of the borrower and the risk associated with it.

Apply like this

For the loan under the Mudra scheme, you have to apply to the government or bank branch. If you want to start your own business, then you have to provide the ownership or rental documents, work related information, Aadhaar, PAN number and many other documents.

Also read: Start this business in 3 to 4 lakh rupees, not in thousands, but you will be able to earn in lakhs!

These documents will be needed
Any Indian citizen can apply for a Mudra loan. However, in the Mudra scheme, preference is given to women and SC / ST applicants for loans. For taking a Mudra loan from SBI, an identity card, proof of residence, bank statement, photograph, sales documents, price quotations, business ID and address certificate are required. Apart from this, information about GST identification number, income tax return will also have to be given. You can apply for Mudra loan by visiting this website of SBI.

Leave a Reply

Your email address will not be published. Required fields are marked *