PM mudra: Due to this one mistake, you will not get a loan without guarantee, know the important thing related to Mudra Yojana

The Government of India runs many schemes for the people of the country. People from different sections of the country benefit from these schemes. The central government also brings many schemes, especially for the youth of the country. So that they can get maximum benefits. Youth are the future of the country and the government is constantly trying to strengthen the future. Keeping this in mind, the Government of India started a scheme in the year 2015, Mudra Loan Yojana.

Under this loans are provided to young entrepreneurs to set up and expand their businesses. Earlier, a loan of up to 10 lakhs was given under the Mudra scheme. But now its amount has been increased to Rs 20 lakh. But if a person makes this mistake. Then he does not get the benefit of Mudra Yojana. Let us tell you what that mistake is.

Lack of knowledge about business

Mudra loan is given by the central government to promote self-employment. So that people can do their business well at a small level and can give employment opportunities to more people. But to get a loan under this scheme, you must have good knowledge about the business. Because when you apply for a Mudra loan. Then you have to tell in which field you want to start a business. The field you have mentioned in the application.

And if you do not have information about the business related to that field. Then your application for a Mudra loan can be rejected. Often many people make this mistake. And due to this one mistake, they do not get the loan, that is why you must get good information about the field in which you want to start a business. And only then apply.

How much loan is available?

Under the Pradhan Mantri Mudra Yojana, entrepreneurs are given loans without any guarantee. Under the scheme, loans are given in three categories Shishu, Kishor, and Tarun. Loans up to Rs 50000 are given in the Shishu category. So in the Kishore category, you are given a loan of Rs 50000 to Rs 5 lakh.

The last category, called the Tarun category, earlier used to give a loan of up to Rs 10 lakh. Now, a loan of up to Rs 20 lakh is given to it. However, to get a loan of Rs 20 lakh, you have to repay the loan taken earlier on time.

(PC: Freepik)