PM Mudra Yojana: The central government runs many beneficial and welfare schemes like the state governments. Through these schemes, the work of providing benefits to the needy and eligible people is done. In this sequence there is a scheme Pradhan Mantri Mudra Yojana which is run by the Government of India.

Under this scheme, loans are given to eligible people by the government. In such a situation if you are also eligible, then you can take advantage by joining this scheme.

But do you know who will be able to take advantage of the loan of Rs 20 lakh now? Maybe not but you can know here who will get this facility. So let’s know about this.

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Finance Minister Nirmala Sitharaman had announced that now under PM Mudra Yojana, a loan of Rs 20 lakh will be available instead of Rs 10 lakh. This announcement is very beneficial for the people associated with the scheme.but it becomes important to know who will get its benefit and who will not.

These people can get the benefit:-

If we talk about those people who can get a loan of Rs 20 lakh, then first of all it includes those people who have repaid the Tarun loan taken earlier on time.

If you are a citizen of India, only then you can get this benefit otherwise not.

If you do not have a bank account, then also you will not get this benefit.

If you want to take advantage of this. then your age should be more than 18 years.

If you are declared a defaulter by the bank, then you cannot get this benefit, because you are considered ineligible.

Those who want Mudra loan for corporate sector. then they should know that they will not get this loan.

This is how you can apply for the loan:-

If you also want to take advantage of the loan under PM Mudra Yojana, then for this you first have to go to the official website of the scheme mudra.org.in.

By going here you have to choose the category of loan, like- which loan do you want among Shishu, Kishor and Tarun.

Now you will see the application form in front of you which you have to fill. For this, first download this form and then fill it

Attach the relevant documents along with it and take this form to the bank and submit it

Then the bank issues Mudra loan to the eligible people.