Modi government is taking a loan of 10 lakh rupees in this scheme.

Modi government is taking a loan of 10 lakh rupees in this scheme.

Under the Prime Minister's Mudra Yojana (PMMY) of the Narendra Modi government of the Center, you too can now easily start your own business. Under this scheme, the government gives loans to people to start their own business.

Modi government's Pradhan Mantri Mudra Yojana
Loans up to Rs 10 lakh will be available
Find out who can take this loan

Under this scheme, you can take a loan of up to Rs 10 lakh. Interestingly, within 7 to 10 days of your application, the loan amount is available. Under the scheme which started in 2015, the government has announced Rs 48,145.27 crore in the 2020-21 session till August 14, 2020.

The government gives loans without any guarantee

The full name of Pradhan Mantri Mudra New Yojana (PMMY) is Micro Unit Development Refinance Agency. The biggest feature of the Mudra scheme is that under this the government gives loans to the people without any guarantee. Also, no processing charge is charged from them. Not only this, if the borrower can take another 5 years to repay the loan amount.

There are three types of loans available under the Mudra scheme.

- Shishu Mudra Loan - In this category, you can avail a loan up to Rs 50,000 to start your business.
- Kishore Mudra Loans - If you have a business under this category, but you have not been able to establish it, and if you want to keep it now, you can take a loan of up to Rs 5 lakh.
- Tarun Mudra Loan - Under this category of Mudra scheme, maximum loan is available. Under this, you can take a loan of up to Rs 10 lakh to expand your business.

Find out what is the interest rate

Under the Pradhan Mantri Yojana (PMMY), different interest rates have been fixed in each category. In addition, this borrower depends on which type of business. However, the minimum interest rate is 12%. At the same time, if you take a young Mudra loan, you will have to pay interest up to 16%.

Read In Gujarati News Click Here
ગુજરાતીમાં માહિતી માટે અહીં ક્લિક કરો 

Who can avail this issue loan scheme?
The benefit of this scheme is not for any corporate, but for small organizations and individuals to set up their own business. Under this scheme, proprietorship firms in rural and urban areas, service sector benefits, shopkeepers, vegetable and fruit vendors, machine operators, truck drivers, car drivers, small businesses, hotel owners, industry and food processing units avail this loan. Can.

Post a Comment