If you are thinking of starting your own business while working, then do not delay. You are not able to start your business due to lack of money. In such a situation, you do not need to worry. PM Mudra Scheme has been started by the central government. Let us tell you that this scheme has been started by the government so that self-employment can be promoted.
With this, people can start work themselves and there is no need for funds to start work. Under this scheme, the government gives a loan of up to Rs 10 lakh. With this, the need of money of the people starting the business can be fulfilled.
In which category is the loan available?
Let us tell you that this loan is available in three categories. In this, the first category is Shishu Loan, in this category a loan of up to Rs 50 thousand is available. After this, Kishor Loan, in this category the applicant gets a loan of up to Rs 5 lakh. In the Tarun Loan category, the applicant is given a loan of up to 10 lakhs.
Who can apply in PM Mudra Yojana?
If you want to apply in this scheme, then you should first check the eligibility. Like the applicant should be a resident of India. At the same time, the age of the applicant should not be more than 18 years. The person applying should have a bank default history. That is, he should not have defaulted on any loan. The business for which you are taking a Mudra loan should not be a corporate entity, while you can apply for Mudra loan from the same bank in which you have an account.
How to apply for Mudra loan?
Let us tell you that to apply, first of all you have to visit the official website of Mudra Scheme. After this, a category will open in front of you. In which you have to choose Shishu Loan, Kishor Loan and Tarun Loan etc. After this, the application form will open in front of you. It has to be downloaded. After downloading the application form, fill it and submit it to the bank branch along with all the documents.
