Business Opportunity: If you are also planning to start a business at this time, then financial assistance is being given by the central government to start business. In this, you will get financial assistance ranging from Rs 50,000 to Rs 10 lakh. Let me tell you how-
Mudra Loan Scheme
Many special schemes are being run by the central government, Pradhan Mantri Mudra Yojana is one of them. Under this scheme, you are given loan facility. In this you can easily get loan. Its special thing is that you will get the loan without any guarantee and you will not have to pay any processing fee.
What is the interest rate on Mudra Loan?
There is no fixed interest rate under the Pradhan Mantri Mudra Yojana. Banks may charge different interest rates for Mudra loans. Generally the minimum interest rate is 12 per cent.
3 types of loans available
Let us tell you that you can get the benefit of PM Mudra loan in 3 steps. The first stage in this is Shishu Loan. Apart from this, the second phase is Kishore Loan and the third phase is Tarun Loan.
1. Shishu Loan Scheme- Under this scheme you will get a loan up to Rs.50,000.
2. Kishor Loan Scheme- The loan amount in this scheme has been fixed from Rs 50,000 to Rs 5 lakh.
3. Tarun Loan Scheme- Loans ranging from Rs 5 lakh to Rs 10 lakh can be taken in Tarun Loan Scheme.
Which people will get benefit?
This scheme was started especially for small businessmen. For example – shopkeepers, fruit / vegetable vendors, small scale industries, food-service units, repair shops, machine operations, food processing units can be availed under this scheme.
From where can I take this loan?
Let us tell you that you can take this loan from government banks, private banks, foreign banks, rural banks and cooperative banks from anywhere. RBI has authorized 27 government banks, 17 private banks, 31 rural banks, 4 co-operative banks, 36 micro finance institutions and 25 non-banking financial companies (NBFCs) to disburse Mudra loans.
How to get loan?
You can visit the official website http://www.mudra.org.in/ to take a loan. By downloading the form from here, you have to fill all the details and upload the required documents. The branch manager of the bank takes information from you about the work. On that basis PMMY sanctions you the loan.