Shishu Mudra Loan Scheme 2024: Friends, if you want to stand on your feet and you have the idea of starting your own business and you do not have enough money to start your business, then this article is important for you because in this article we are going to tell you about a scheme, by taking advantage of which you can take a loan of up to 50 thousand for your business.
What is Shishu Mudra Loan Scheme
Shishu Mudra Loan Scheme is a part of PM Mudra Loan Scheme. See, under this scheme, a maximum of 50 thousand rupees are given by the government, this money is given to them in the form of loan, you can repay this loan in a period of one year to 5 years and if we talk about the interest on this loan, then in this loan we have to pay 12% annual interest.
These three types of benefits are available under PM Mudra Loan Scheme
Under this scheme, the government gives a loan ranging from Rs 50,000 / – to Rs 10 lakh. Three different types of loans are given under this scheme.
Shishu Loan:- Under this, a loan of up to Rs 50,000/- is given by the government.
Kishor Loan:- Under this, a loan of Rs 50,000/- to Rs 5 lakh is given by the government.
Tarun Loan:- Under this scheme, a loan of Rs 5 lakh to Rs 10 lakh is given by the government.
Benefits of Shishu Mudra Loan Scheme
Shishu Mudra loan is given only to the residents of the country.
Under this scheme, a loan of up to ₹50000 is given.
Under this scheme, loan is given without any guarantee.
This loan is given only to those businessmen who are new in the market and want to start their own business.
To get a loan under this scheme, the applicant must have complete documents related to the registration of the business. Interest is charged at the rate of 12% per annum on the loan received under this scheme. The loan received under this scheme has to be repaid by the applicant within 5 years.
Eligibility for Shishu Mudra Loan Scheme
To avail the benefits under this, the applicant must be a resident of India.
To avail the benefits under this, the age of the applicant should be at least 18 years and maximum 60 years.
To get the benefit under this, the applicant should not already have any business. The applicant must have a 3-year-old account in State Bank of India.
The applicant should not be a defaulter in any loan earlier. There should be a report of the project related to starting the business.
Shishu Mudra Loan Scheme Important Documents
Aadhaar Card
PAN Card
Busines
Credit Card
Certificate Related to Business
Residence Certificate
Income Certificate
Bank Passbook
Mobile Number
Shishu Mudra Loan Scheme How to Apply Offline
To apply for State Bank of India Shishu Mudra Loan Scheme, first of all you have to go to the nearest bank branch of State Bank of India.
After going to the bank branch, you have to talk to an employee in the bank about this scheme.
After this, to apply in this scheme, you have to ask for an application form from an employee of the bank.
After this, you have to read all the information asked in the application form carefully and enter it.
After entering the complete information, you have to attach photocopies of all the necessary documents with the application form.
After this you have to submit this application form to the employees of the bank.
After this your application form will be checked by the bank.
If your application form is correct then this loan will be transferred to your bank account.
