PM Mudra Loan Yojana: Unemployment is the biggest problem in today’s time. In such a situation, if you also want to take a loan for business without any guarantee, then we tell you what is the government scheme for this, how you can apply for it. Under which scheme can you get this loan?
Various schemes are brought by the government for people to start a business. Let me tell you that the Government of India gives loans under which scheme.
The government has brought this new scheme
If you also want to get a loan without a guarantee to start your own business, you can take advantage of a great government scheme for it. Let me tell you that the government has launched the Pradhan Mantri Mudra Yojana for this.
In this government scheme, the government gives loans to people doing business without guarantee. In such a situation, if you are also thinking of starting a business, then you can apply for this scheme. Let us tell you what is the entire process of taking a loan in PM Mudra Yojana.
When was the PM Mudra scheme started?
Let me tell you that the Government of India is running PM Mudra Yojana to start a business for the people. The project was launched in 2015.
In this scheme, the Government of India gave a business loan of up to Rs 10 lakh to the youth. But now it has been increased from Rs 10 lakh to Rs 20 lakh. This loan is given without guarantee from the government.
What is a loan without guarantee?
Let me tell you that PM Mudra Yojana has now talked about giving loans without any guarantee. Loan without guarantee No guarantee loan means a loan in which collateral is not required to take a loan.
Necessary documents have to be submitted to take a loan under these schemes.
Loans are available in three categories in PM Mudra Yojana
- In this, 50 thousand rupees in the child category
- Rs 10 lakh in juvenile category
- A loan of Rs 20 lakh is given to the youth.
Who can take loan in PM Mudra Yojana
- The person applying must be a citizen of India.
- The applicant should be 18 years of age or above.
- If you have already taken a loan from a bank and you are a defaulter in the bank, you will not be able to get the benefit.
- The applicant should have complete knowledge of the business for which the loan is required.
Documents required for PM Mudra Yojana
If you also want to apply for PM Mudra Loan Scheme, then you have to submit the necessary documents for this. In which you have to submit voter card, ration card, PAN card, caste certificate, Aadhaar card and business related certificates.
