The loan can be taken under the Pradhan Mantri Mudra Loan Yojana of the central government. Under the PM Mudra loan scheme, loans up to Rs 10 lakh are available for 3 or 5 years.
Mudra Loan Yojana: If you also want to do your own business and you do not have enough money, then you can take a loan under the Central Government's Pradhan Mantri Mudra Loan Yojana. Under this scheme, the loan is easily available without any guarantee. Let us tell you, under the PM Mudra loan scheme, a loan of up to Rs 10 lakh is available for 3 or 5 years. If you also want to take a loan under this scheme, then we tell you how you can take a loan.
What is Mudra Loan Scheme
PM Mudra Loan Yojana is an important scheme run by the Central Government, through which financial assistance is given to those citizens who want to start their businesses. Under the Mudra loan scheme, any citizen can take a loan of up to Rs 10 lakh to businessmen from commercial banks, RRBs, small finance banks, cooperative banks, MFIs, and NBFCs.
These documents are necessary for a loan
To take a loan under PM Mudra Loan Yojna, the applicant must have documents such as Aadhar Card, Passport, Voter ID Card, Aadhaar Card, Driving License, PAN Card, and any other necessary utility bill, etc. Is. Apart from this, if the applicant belongs to SC-ST or OBC category, then it is also necessary to submit a caste certificate. To take a loan, it is also necessary to provide 6 months bank statement and income certificate.
The interest rate on mudra loan
Although there is no fixed interest rate on the loan available under PM Mudra Loan Yojana, usually the minimum interest rate on it is 12 %. Under this scheme, a maximum loan of Rs 10 lakh is available. At the same time, the benefit of subsidy is also available from the government under the Mudra loan scheme.
