Festive season is going on. Now only a few days are left for Dhanteras and Diwali. In such a situation, if you are planning to start a new business on the occasion of Diwali and you do not have money, then this news is especially for you. Today, through this news, we are going to tell you about a very wonderful scheme of the Government of India. The name of this scheme is Pradhan Mantri Mudra Yojana. Under this scheme of the Central Government, you can take a loan of up to Rs 10 lakh without any guarantee to start your business. The Government of India started the Pradhan Mantri Mudra Yojana in the year 2015. Since the launch of this scheme, many people have started their businesses by taking loans. In this episode, let us know about this scheme in detail -
Under Pradhan Mantri Mudra Yojana, you can easily take a loan of up to Rs 10 lakh from banks, non-banking financial companies (NBFCs), and small financial institutions. Loans available under Pradhan Mantri Mudra Yojana are divided into three categories.
This includes children, teenagers, and young adults. In the Shishu category, you get a loan of up to Rs 50 thousand. Whereas in the Kishore category, you get loans ranging from Rs 50 thousand to Rs 5 lakh.
Apart from this, you can apply for loans ranging from Rs 5 lakh to Rs 10 lakh under the Tarun category. If you want to take advantage of this scheme. In such a situation, you should have documents like a passport-size photo, ID, and address proof.
Under Pradhan Mantri Mudra Yojana, you get a special type of card. You can use this card like a debit card. The special thing about this scheme is that it does not require any kind of collateral or security.
(PC: iStock)
