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The PM Mudra Loan Yojana has been started by the Government of India for those people who want to start their own business, under this people will be provided loans up to lakhs of rupees at very low interest rates to start their own business.

Under the Pradhan Mantri Mudra Yojana, such interested beneficiaries who want to start their own business or want to arrange money to further their business can apply under this scheme.

OnMudra scheme applying under the, the Government of India provides a loan of up to Rs 10 lakh by the bank and no guarantee is required to take the Mudra loan and the time limit for repayment of the loan has been extended by 5 years.

PM Mudra Loan Yojana – Mudra Loan

The main objective of the Prime Minister’s Scheme is to encourage more number of people for self-employment in the country so that it will create employment opportunities for other people and the government has divided this scheme into three sections, under which You can take a loan from Rs 50,000 to Rs 10 lakh.

• Shishu Loan – Under Shishu Loan, a loan of up to Rs 50,000 will be given by the bank.

• Kishor Loan – Under Kishore Loan, loan ranging from Rs 50,000 to Rs 5 lakh will be given by the bank.

• Tarun Loan – Under Tarun Loan, loan ranging from 5 lakh to 10 lakh will be given by the bank.

Under PMMY, the central government gives loans without guarantee and there is no loan processing charge in it, different interest rates are charged on the loan, the minimum interest rate is around 12%.

For the Required Documents and Documents of the Mudra Loan Scheme

• The age of the applicant applyingshould not be less than 18 years.

• Applicant’s earning should be more than Rs 17000 per month.

• Under this scheme, sellers, shopkeepers, small industrialists, manufacturers, agricultural persons and traders who want to start business can take loans.

• The applicant must also have a job record for at least two years.

• Aadhar Card

• Identity Card

• Driving License Pan

• Card Voter ID Card

• Previous Years Balance Sheet

• Sales Tax Return Income Tax Return

• Correspondence Address

• Mobile Number

• Bank Account .

• Passport size photo

Instructions to apply for Pradhan Mantri Mudra Yojana 2021

• To take advantage of Mudra loan scheme, first of all go to the official website .

• After going to the website, you will get the option of 3 types of loan, Shishu Loan, Kishore Loan, and Tarun Loan, click on whichever loan you want to take.

• After clicking, the application form will be downloaded.

• After that, fill all the information asked in the loan application form correctly.

• In the phone, you should also write where you want to start the business and also paste two photos on the application form.

• If a person belongs to the reserved category then you will also have to submit the caste certificate.

• After this, after filling the application form properly, attach all the necessary documents.

• After this, go to your bank and submit all the documents and application form.

• In this way your PM will be applied under Mudra Loan Yojana.

Note: You can apply this offline under Pradhan Mantri Mudra Loan Yojana, if you have to apply online, then through PSB Loans in 59 minutes you can get loan for your business, for this read our below mentioned articles.

• PSB Loans in 59 Minutes: These banks including SBI, PNB are giving loans up to 5 crores sitting at home in 59 minutes, know how!

• You can take loan up to Rs 15 lakh from Dhani app in just 5 minutes, take loan from Dhani app like this!

• Bank Of Baroda Loan Facility : Bank of Baroda launched a new facility in just 30 minutes for home loan, car loan and personal loan.

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