If there is a plan to start a business, the central government will give 10 lakh rupees, know how you can take advantage?

New Delhi: At this time, if you want to start a business and you need money for that, then do not worry at all. You will get 10 lakh rupees help from the central government. Many types of schemes are run by the government for the poor people and all sections of the country. The Modi government is giving an opportunity to revive the closed business or business. Let us tell you how you can take advantage of 10 lakh rupees-

To start a small business or to increase its old work, the government has started many schemes for loans up to Rs 10 lakh. Let us tell you that you will get this 10 lakh rupees as a loan. The name of this scheme of the government is PM Mudra Loan Yojana (PMMY Scheme).

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PM Mudra Loan Scheme (PMMY Scheme)
The facility of Pradhan Mantri Mudra Yojana (PMMY) is given. If you are not able to understand the rules of banks properly or you need money to further your startup, then you can take advantage of Mudra loan scheme.

What is the interest rate on Mudra Loan?
There is no fixed interest rate under the Pradhan Mantri Mudra Yojana. Banks may charge different interest rates for Mudra loans. Generally the minimum interest rate is 12 per cent.

You can take advantage of loan in three steps
Let us tell you that you can get the benefit of PM Mudra loan in 3 steps. The first stage in this is Shishu Loan. Apart from this, the second phase is Kishore Loan and the third phase is Tarun Loan.

1. Shishu Loan Scheme- Under this scheme, you will get a loan of up to Rs 50,000.
2. Kishor Loan Scheme- The loan amount in this scheme has been fixed from Rs 50,000 to Rs 5 lakh.
3. Tarun Loan Scheme- Loans ranging from Rs 5 lakh to Rs 10 lakh can be taken under Tarun Loan Scheme.

Who can take advantage of this scheme?
This scheme has been specially started for small traders. A loan can be taken under this scheme for starting shopkeepers, fruit / vegetable vendors, small scale industries, food-service units, repair shops, machine operations, food processing units.

From where can I take this loan?
Let us tell you that you can take this loan from government banks, private banks, foreign banks, rural banks and cooperative banks from anywhere. RBI has authorized 27 government banks, 17 private banks, 31 rural banks, 4 co-operative banks, 36 micro finance institutions and 25 non-banking financial companies (NBFCs) to disburse Mudra loans.

What are the benefits of Pradhan Mantri Mudra Yojana (PMMY Scheme)?
Loans are available without guarantee under the Mudra scheme. Apart from this, no processing charge is also charged for the loan. The loan repayment period in Mudra Yojana can be extended up to 5 years.

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How to apply for Mudra Loan
>> You have to go to the official website. (http://www.mudra.org.in/)
>> From here you have to download the loan application form.
>> Let us tell you that the form for Shishu Loan is different. At the same time, there is only one form for Kishor and Tarun.
>> In the loan application form, give details like mobile number, aadhaar number, name, address etc.
>> Attach 2 passport photos.
>> After filling the form, go to any public or private bank and complete all the procedures.
>> The branch manager of the bank takes information from you about the work. On that basis, PMMY approves the loan to you.

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