People often need a lot of money to start their business, and in such a situation, many times they get disappointed. In such a situation, the government has started the facility of loans for everyone. This scheme has been named Mudra Yojana. Under this scheme, people get a loan of 50 thousand to 20 lakh rupees.
How much loan is available
If a person wants to take a loan under Mudra Loan, then you can get three types of loan. In this scheme, the first Shishu loan comes in which you get a loan of up to 50000 without any guarantee.
The second is the Kishor Loan under which you get a loan of 50 thousand to 5 lakh rupees. The third is the Tarun Loan in which you get a loan of 5 lakh rupees to 20 lakh rupees.
How to apply
If a person wants to take a loan under PM Mudra Yojana, then first of all you have to go to the official website of Mudra Yojana. After going to the website, you have to select your loan category and download the form. After filling out the form properly, you have to submit it to the bank along with all the documents.
Remember, you can apply for a loan only in the bank where you have a bank account. For a loan, you should have all the information related to your business. The bank will verify your application and approve the loan. Watch the video for more information.