Scheme

Pradhan Mantri Mudra Loan Yojana | Eligibility, Intrest rate, application form

Pradhan Mantri Mudra Loan Yojana |

Do you also want to start a business? Do you also need money to start a business? Do you also want to take a loan to start your own business? So friends, you have come to a true awakening. In this post we will tell you about a scheme launched by the Government of India called Pradhan Mantri Mudra Loan Scheme 2022. In this article you can get all information about Pradhan Mantri Mudra Loan Yojana in Gujarati.

The Prime Minister of India Shri Narendrabhai Modi has launched a financial assistance scheme to encourage and develop the spirit of entrepreneurship and employment among the people of India’s new businesses. It is called Pradhan Mantri Mudra Loan Yojana.

Through this Pradhan Mantri Mudra Loan Yojana, the government has a single objective to encourage youth to start a new business and to provide money to unorganized sector businesses and small businesses facing financial problems through loans at low and cheap interest rates.

What is Pradhan Mantri Mudra Loan Yojana? Pradhan Mantri Mudra Loan Yojana in Gujarati
Pradhan Mantri Mudra Yojana is an initiative of the Government of India under which the Micro Units Development and Refinance Agency (MUDRA) works to provide loans. The scheme provides loans to individuals who want to start small businesses. You can avail a loan of up to 10 lakh rupees through Mudra Loan.

Pradhan Mantri Mudra Loan Yojana aim in gujarati

To strengthen and provide stability to the regulation and active participation of micro finance institutions in the form of credit and its financial system.

To cooperate with other agencies in finance and credit activities including micro financial institutions providing loans to small traders, shopkeepers who take shop loans, self help groups etc.

Registering all the existing Micro Financial Institutions (MFIs) and making their merit list based on their performance. Banse and Mudra will help borrowers to select the best MFI by evaluating the institution’s record through this merit list. And on the other hand, creating a merit list will increase competition among organizations, thereby motivating them all to perform better. Finally, PM Mudra loan borrowers will benefit from this.

Small businessmen who want to take Mudra loan can also be provided proper business guidance by Mudra Bank. By which the business will be helped to get out of the crisis. And in addition, Mudra Bank will cooperate with the procedure to be followed for recovery of loan money in case of default.

Mudra Bank will create a credit guarantee scheme to guarantee loans to small business units that provide Mudra loans.

Mudra Bank will provide effective technology to assist lending institutions in the loan origination and disbursement process.

Mudra Bank under this PM Mudra Yojana, will create an effective proper structure to develop an effective system for disbursing small loans to business units.

Establishment of Pradhan Mantri Mudra Yojana: Pradhan Mantri Mudra Loan Yojana
PM Mudra Yojana has been announced on April 2015. MUDRA BANK has been established under the statutory law, under which the responsibility of the Pradhan Mantri Mudra Yojana Bank will be for the development of cottage industries.

Pradhan Mantri Mudra Loan Yojana Goal: Pradhan Mantri Mudra Loan Yojana Goal
Small businessmen do not get easy financial help from banks for their industries means they are not able to follow certain rules of banks, due to which they are not able to grow their industries, hence Pradhan Mantri Mudra Yojana has been launched, which is the main objective. Enhancing the skills of young educated youth.Providing strong ground and empowering women.

Eligibility of Pradhan Mantri Mudra Loan Yojana | Eligibility Criteria of Pradhanmantri Mudra Loan Yojana
People from rural or urban areas of India or MSME’s need to have the following qualifications to avail Mudra loan from Pradhan Mantri Mudra Yojana.

If your age is between 18 to 65 years
Loan amount should be between 50 thousand to 10 lakh
Should be one of traders, small producers, shop owners, artisans etc
The loan tenure should be 3 to 5 years
Should be a businessman of India
There should be no defolder in any bank
To take this loan the beneficiary should have a good credit score
Before taking a loan under PM Mudra loan, you have to give the bank in writing how much and where to invest.
Having Aadhaar card is mandatory.
It is mandatory to have PAN card.

Key Features of Pradhan Mantri Mudra Loan | Key Features of Pradhan Mantri Mudra Loan
The Government of India keeps bringing government schemes from time to time for the needy citizens of the country. In all these government schemes, Pradhan Mantri Mudra Loan is floated in which the following features are special.

The loan amount obtained through Pradhan Mantri Mudra Yojana can be used to meet the working capital requirements of the company.
To serve to further the industries engaged in trade, manufacturing, and services.
All types of new companies can apply for this PM Mudra loan.
You can get PM Mudra loan by applying online.
Ant to utilize funds received through PM Mudra Loan Scheme for purchase of equipment, purchase of machinery, recruitment of staff etc.

Reprise is completely free.
No collateral or additional security is required by any third party.
There are three schemes under the Mudra loan scheme which provide its versatility.
The tenure of PMMY is 3 to 5 years.
What are Mudra Loan Products | What are the Mudra Loan Products?
Mudra Loans are offered in three different types: (1) Shishu Mudra Loan (2) Kishore Mudra Loan (3) Tarun Mudra Yojana. Micro companies are classified based on their level of development and financial requirements. Once the loan is approved, these funds can be divided into capital requirements, salaries, additional operating expenses, etc. These three products are known as Mudra Loans. Let’s have a detailed look at these Mudra Loan Products.

Shishu Loan Scheme | Shishu Loan Yojana
Micro or small traders benefit the most in this category. Because they can apply for an amount up to Rs.50,000/-. This infant plan works best for companies who want to start their new business. To successfully apply in this category, entrepreneurs are required to provide a clear description of their business idea, apart from information about the type and quantity of machinery required for purchase. The details of machinery supplier should also be given. In short, this increases the chances of loan approval. There will be no processing fee on this product.

The following documents are required for this.

Bill of all purchases including machinery and equipment.
All purchase details.
Details of suppliers supplying machinery and equipment.
Kishore Loan Scheme | Kishor Loan Yojana
Kishor Loan Yojana under Mudra Yojana is best for those business owners who have established their business and are trying to grow it. In this Kishore Loan Scheme, applicants can avail loan amount ranging from Rs.50,000/- to Rs.5,00,000/-. Following documents are required for Kishore Loan Scheme under Pradhan Mantri Mudra Loan.

Bank statement for last 6 months
MOA (Memorandum of Association)
AOA (Articles of Association)
Balance sheet of last 2 years
The balance sheet approximates the duration of the loan
Sales Account for the current financial year
Income Tax Returns and Sales Returns
Report of all business.

Pradhan Mantri Tarun Yojana | Pradhan Mantri Tarun Yojana

Tarun Yojana under Mudra Yojana is best for those business owners who have established their business and are trying to grow it. In this Tarun Yojana, applicants can get Rs. Can avail loan amount up to 10,00,000/-. Following documents are required for Tarun Yojana under Pradhan Mantri Mudra Loan.

Bank statement for last 6 months
MOA (Memorandum of Association)
AOA (Articles of Association)
Balance sheet of last 2 years
The balance sheet approximates the duration of the loan
Sales Account for the current financial year
Income Tax Returns and Sales Returns
Report of all business.
Identity Proof (PAN Card, Aadhaar Card, Voter ID, etc.)
Address Proof (Passport, Aadhaar Card, Voter ID etc.)
SC, ST, OBC, etc. certificates. (if any)

Pradhan Mantri Tarun Yojana | Pradhan Mantri Tarun Yojana

Tarun Yojana under Mudra Yojana is best for those business owners who have established their business and are trying to grow it. In this Tarun Yojana, applicants can get Rs. Can avail loan amount up to 10,00,000/-. Following documents are required for Tarun Yojana under Pradhan Mantri Mudra Loan.

Bank statement for last 6 months
MOA (Memorandum of Association)
AOA (Articles of Association)
Balance sheet of last 2 years
The balance sheet approximates the duration of the loan
Sales Account for the current financial year
Income Tax Returns and Sales Returns
Report of all business.
Identity Proof (PAN Card, Aadhaar Card, Voter ID, etc.)
Address Proof (Passport, Aadhaar Card, Voter ID etc.)
SC, ST, OBC, etc. certificates. (if any)

Documents Required for Pradhan Mantri Mudra Loan | Document Required for Pradhanmantri Mudra Loan
The following documents are generally required while applying for Pradhan Mantri Mudra Loan.

Proof of Identity (PAN Card, Aadhaar Card, Voter ID, etc.)
Address Proof (Passport, Aadhaar Card, Voter ID, etc.)
Passport size photograph of the applicant
Address proof of place of business
Proof of business license
Quotation of all purchases including machinery and equipment
Pradhan Mantri Mudra Loan Yojana Benefits | Pradhan Mantri Mudra Loan Yojana Benefit
If you want to apply for Pradhan Mantri Mudra Loan Yojana 2022, then the benefits given here must be checked because by applying you will get all the benefits given below.

Through this scheme, people of the country can take loans from it to set up small businesses.
Citizens who apply through Mudra Loan Scheme will get a card with which they can spend their business.
Under this scheme, any citizen of the country can take a business loan, that too without any collateral.
There will be no charges on this and the loan repayment period can also be extended.
Collateral Free Loan – No collateral or security is required from the borrower by banks/NBFCs
Discounted rates for women entrepreneurs
Loans covered under credit guarantee schemes from Govt. of India
Term loans, working capital loans and overdraft facilities can be availed
All non-agricultural enterprises, i.e. small or micro enterprises engaged in income generating activities can avail MUDRA loans.
SC/ST/minority category people can also avail Mudra loan at special interest rate.
Types of Industries Under Pradhan Mantri Mudra Loan | Types of Industries under Pradhan Mantri Mudra Loan
Benefits of Pradhan Mantri Mudra Loan Yojana are provided to start and encourage new businesses and industries. The following industries can apply for Pradhan Mantri Mudra Loan Yojana.

Shopkeeper
Trade salesman
Food manufacturing industry
Agricultural field
Small scale producer
Repair shops
crafts
Service based companies
Truck owner
Self Employed Entrepreneur
Banks providing currency loans in the year 2022
State Bank of India
Bank of Baroda
Axis Bank
HDFC bank
Bajaj Finserv
Bank of India
Bank of Maharashtra
Cenara Bank
ICICI Bank
IDFC 1st Bank
IDBI Bank
PNB Bank
Yesh Bank
What is Mudra Card?
Mudra card is a type of debit card that is issued to Mudra loan borrowers to meet their business and working capital needs. Once the MUDRA LOAN is approved, the bank/loan institution opens a MUDRA LOAN account for the borrower and issues a debit card along with it. The loan amount is transferred to a bank account which the borrower can withdraw in parts as per their business needs.

Pradhan Mantri Mudra Loan Yojana Helpline No
1800-180-1111
1800-11-0001
Also, click here to download PDF file of state toll-free numbers for Pradhan Mantri Loan Mudra Yojana

How to Apply for Pradhan Mantri Mudra Loan Scheme 2022? | How to Apply for Pradhan Mantri Mudra Loan Scheme 2022?

The application form is available at mudra.org.in from where you can download the form and fill all the required details. The application process may be slightly different in different banks/NBFCs. Visit the nearest branch of the bank from which you wish to avail Mudra Loan and submit the duly filled application form and complete other bank formalities.

How to Apply Pradhan Mantri Mudra Loan Yojana Online
You can also apply online for this Mudra loan, for which you have to follow some steps below.

First of all you go to the official website of PM Mudra Loan https://www.mudra.org.in/.
Then fill the form with name, address, mobile number etc.
After that submit the form by attaching the required documents.
After that, the bank checks all the information and if everything is fine, your loan is approved.

SBI E-Mudra Loan Apply Online

Are you interested in starting a business? And if you need money urgently, SBI e-Mudra Loan can help you. People having savings account or current account with State Bank of India can get Rs. 50,000 will be eligible for e-Mudra loan.

The good thing about e-Mudra loan is that you don’t need to visit the bank in person. For that you can apply online at home. SBI is providing e-Mudra loan up to Rs 50,000 in just 3 minutes to its customers without any documents.

SBI E-Mudra Loan Apply Online – CLICK HERE

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