Under this scheme, loans are provided to middle-class entrepreneurs at low interest rates. Here we will try to know about this scheme in detail. Let us tell you that under the Union Budget 2024-25, the limit of loans without guarantee under the Mudra Scheme has been increased from Rs 10 lakh to Rs 20 lakh.
The Central Modi government launched the Pradhan Mantri Mudra Yojana on 8 April 2015 to generate income for small and micro-entrepreneurs. Under this, a provision for loans up to Rs 20 lakh has been made to non-corporate, non-agricultural small and micro-entrepreneurs.
Under this scheme, till March last year, about Rs 23.2 lakh crore was sanctioned in 40.82 crore loan accounts. Where approximately 68% of the accounts belong to women entrepreneurs and 51% of the accounts belong to entrepreneurs from SC/ST and OBC categories.
PM Mudra Loan Yojana
The government is implementing a new scheme to connect the unemployed with employment. Similarly, a loan scheme has also been started by the government for people who want to do business, in which loans up to Rs 10 lakh are available.
You can easily get the loan given by the government with the fulfillment of some documents.
PM Mudra Loan Scheme
PM Mudra Loan Scheme has been started by the Central Government. Through this scheme, loans will be given to people who wish to start their businesses. The government will give loans ranging from ₹ 50,000 to ₹ 10 lakh to those interested people.
There is no processing fee of any kind on the loans given by the government. You can apply for this loan by going to the nearest bank. Interest on the loan received under the PM Mudra Loan Scheme has to be paid based on the loan amount in which applicants have to pay 10% to 12% interest.
Pradhan Mantri Mudra Yojana
Through various schemes running in the country, benefits are provided to the poor and needy people. If you know about each scheme at present, you will find that a large number of people are getting benefited through these schemes.
In some schemes, financial help is being given and in some schemes, some goods or subsidies are being given. In this sequence, there is a scheme through This scheme was discussed on the last day because Finance Minister Nirmala Sitharaman made a big announcement related to this scheme during the budget.
Also, know about this announcement and also know if you want to apply for these loans that are given to people. This scheme is run by the Central Government whose name is Pradhan Mantri Mudra Yojana.