The Government of India always keeps doing something new for its countrymen. This time the government has come up with a great scheme for those who want to start their own work, but are unable to start due to lack of money. The name of this scheme is PM Mudra Loan Yojana. This scheme is for those people who want to start their own small business like shop, small industry, or any other work.
What is PM Mudra Loan Scheme 2025?
If you also have the idea of starting your own business, then this scheme is for you only! The government can give you a loan of Rs 50,000 to Rs 10 lakh, and that too without any guarantee! Isn’t it amazing?
Actually, the government started this scheme on 8 April 2015. Its purpose is that small businessmen who want to start their work can get money easily. Under this scheme, you can apply online as well as offline by going to the bank.
Types of Mudra Loan
This loan is of three types, so that you can get a loan according to your need:
Shishu Loan: If you need less money in the beginning, then you can take a loan of up to Rs 50,000. This is for those who are just starting their work.
Kishor Loan: If your business has grown a bit and you need from Rs 50,000 to Rs 5 lakh, then this loan is for you.
Tarun Loan: And if you want to expand your business further, and you need a loan of Rs 5 lakh to Rs 10 lakh, then you can apply for Tarun Loan.
Benefits of Mudra Loan
Loan without guarantee: The best thing is that you do not need to mortgage anything.
For small business: This scheme has been specially designed keeping in mind small businessmen.
Promoting self-employment: With this, people can start their own work and can also provide employment to others.
Fact Check:
Loan amount: Under the PM Mudra Loan Scheme, currently only a loan of up to Rs 10 lakh is available. In the budget 2024-25, there was talk of increasing the loan limit to Rs 20 lakh, but this rule has not been implemented yet. Therefore, for now the maximum loan amount is Rs 10 lakh only.
Guarantee: It is true that most Mudra loans are available without guarantee, but in some cases banks may ask you for some security. Therefore, before applying for a loan, definitely get complete information from the bank.
If you also dream of starting your own business, then PM Mudra Loan Yojana can be a great opportunity for you. The government is ready to help you, so what are you waiting for? Find out more about this scheme today and take the first step towards starting your business!
