The Modi government launched the Pradhan Mantri Mudra Yojana (PMMY)
The Kovid-19 pandemic virus has shut down many businesses across the country. Many businesses closed down. But, the opportunity is ready. The most important thing in the way of becoming a self-reliant India Mission is to become strong. PM Narendra Modi keeps mentioning it again and again. The Modi government is giving a chance to revive closed businesses.
Enjoy Modi government schemes
If you want to start your own business after a lockdown, the central government will help you. A number of loan schemes up to Rs 10 lakh have been launched by the government to start a small business or to expand an old one.
If you do not have a bank, you can get a loan from here
Modi government launched Pradhan Mantri Mudra Yojana (PMMY). The scheme is generally more effective for those who do not get loans to start their business due to non-compliance with banking norms, which are covered under the Pradhan Mantri Mudra Yojana (PMMY). Whose name is cottage industry or has partnership documents
Small traders and shopkeepers can take loans
The loan is provided in three stages under the Pradhan Mantri Mudra Yojana (PMMY). The government has divided it into child loan, teen loan and youth loan scheme. Shishu Loan Yojana - A loan of up to Rs 50,000 can be availed to open a shop under this scheme. Juvenile Loan Scheme - In this scheme the loan amount has been fixed from Rs 50,000 to Rs 5 lakh. Tarun Loan Scheme - If you want to start a small business, you can avail a loan of 5 lakh to 10 lakh in Tarun loan scheme.
Who can take loan?
Pradhan Mantri Mudra Yojana is only for small traders and traders. If you want to start a big business, you will not get a loan under this scheme. Under this scheme loan can be availed for starting small assembling units, service sector units, shopkeepers, fruit / vegetable vendors, truck operators, food-service units, repair shops, machine operations, small businesses, handicrafts, food processing units. Can. . is.
Where can I get a loan?
Under Pradhan Mantri Mudra Yojana (PMMY), loans can be availed from any government bank, rural bank, cooperative bank, private bank or foreign banks. The RBI has authorized 27 government banks, 17 private banks, 31 rural banks, 4 cooperative banks, 36 microfinance institutions and 25 non-banking financial companies (NBFCs) for disbursement of currency loans. For more information about Pradhan Mantri Mudra Yojana, complete information is available on the official website mudra.org.in.