Pradhan Mantri Mudra loan Yojana or PM mudra loan is a funding scheme. This scheme is initiated by government of India to provide financial support of maximum upto 10 lakhs. Mudra loan provide support to individuals, SMEs, MSMEs and non corporate and non farm small with micro enterprises. The major benefit of this pm mudra loan yojana is no collateral or security required by banks. Mudra loan scheme repayment option is from 3 years to 5 years. Mudra loan interest rates, Mudra loan documents and mudra loan bank lists are given below.
Pradhan Mantri Mudra Yojana (PMMY ) offering this loan scheme with the help of different sectors of bank. These banks may be Public and private sector banks, Non-Banking financial companies or Regional Rural Banks (RRBs).
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There are three types of loan scheme offered under Pradhan mantri loan yojana.
In this category of mudra loan scheme, the loan amount will be provided up to Rs. 50,000 for starting a new business. The enterprises who are at an early stage.
The loan amount of kishor scheme is up to 5 lakhs. In this category the businessman or enterprises who started their business but need some fund to extend the same. Due to larger amount this scheme helps the business persons as well.
In this loan scheme the bank provides a loan up to 10 lakhs . This is the highest amount of PM mudra loan . The business person who want set up a large business can apply with proper documents. If they want to buy machinery or equipment or any other costly materials then tarun loan scheme is better for them.
Mudra loan bank lists is very vast. The bank lists are given below
Mudra Loan interest rates vary from bank to bank depends upon the tenure and amount of the loan. You may visit the nearest branch for more details about the interest rates of mudra loan scheme. Some of the bank interest rates are given below
PM Mudra loan yojana is for business purpose only. It can’t be used for personal use. The amount of the loan can be utilized to buy machines or equipment related to the business. Basically to use in the market capital for grow.
PM mudra loan can be availed by ;
In this modern society Mudra card is an innovative option. PM Mudra Loan card is like an ATM card. This card has double benefit, it can be used as a credit card or debit card in the ATM corner. It provides a flexibility to the card owner to access mudra loan facilities easily.
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