Learn about Pradhan Mantri Mudra Yojana to get loan up to 10 lakhs to start a small business and share more

Purpose: Provision for loans up to Rs.10 lakhs by banks or financial institutions to micro units for income generation and non-agricultural activities. This scheme has been launched by Hon’ble Prime Minister on 8th April 2015………….

Pradhan Mantri Mudra Yojana has been inaugurated by Hon’ble Prime Minister on 08/04/2015 to provide loans to small business activities under manufacturing, service, small business and trade. Loans under this scheme are available in three categories as follows…………

Infant Loan-Loan up to Rs.50,000/-

Kishore Loan-Rs.50,000/- to Rs.5 lakh 9

Youth Loan – Rs.5 lakh to Rs.10 lakh

Eligibility: Any Indian Citizen

Benefits / Loans

Loan facility is available without collateral

0.25 percent less interest will be paid to those organized by women.

Loan facilities for manufacturing, business arisorfora activities:

Loans for transport activities: auto rickshaws, light goods vehicles, two wheelers,

Loan for purchase of Passenger……………..

Loans for Collective, Social and Personal Service Activities: Loans for Salons, Beauty Parlors, Gym Boutiques, Tailor Shops, Dry Kilning, Bicycle and Motorcycle Repairing Shops, Xerox Shops, Drug Stores, Courier Agents Services etc.

Loans for Food Products Activity: Home industries like papad, pickling, jam or jelly making, preservation of agricultural produce at village level, sweet shops, small food stalls and canteen services, ice and ice cream making units, biscuit, bread making units etc. Implementing Institutions : Any bank branch