PM Mudra Loan: On 8 April 2015, the Prime Minister Narendra Modi Pradhan Mantri Mudra Yojana was launched to provide loans up to 10 lakhs to the citizens of the country. Three types of loans are given under this scheme run by the Government of India. The first of these is Shishu Loan in which a loan of up to 50 thousand rupees is given. The second is Kishor Loan, in which a loan of up to 5 lakh rupees is provided. The third and the biggest loan is Tarun Loan in which an amount of up to 10 lakh rupees is given.
Only these people get a loan of up to Rs 20 lakh
Under this scheme, the government provides a loan of up to Rs 10 lakh for business. In the recently presented budget, Finance Minister Nirmala Sitharaman has announced to increase the loan amount from Rs 10 lakh to Rs 20 lakh in the Mudra Loan Scheme. Who cannot get the benefit under the Mudra Scheme? Which shortcomings can be overcome to avail the benefits of this scheme? Let us tell you. Let us tell you that a loan of Rs 20 lakh can be given only to those people who have repaid the earlier Tarun loan on time.
These people do not get the benefit of the scheme
Under this scheme, non-Indian citizens cannot avail the benefits of this scheme. Apart from this, if a person is declared a defaulter by the bank, then he is also not considered eligible for this scheme. Please note that to avail this scheme, the age of the applicant should be more than 18 years. If you want to take a Mudra loan for any kind of corporate sector, then also you will not get this loan. Even if the applicant does not have a bank account, he will not be given this loan.
This is how you can apply
To avail loan under Pradhan Mantri Mudra Yojana, the applicant must first visit the official website of the scheme mudra.org.in You will have to go to. After this the loan page will open where all three types of loans Shishu, Kishor and Tarun will be available, you will have to choose the category according to you. After this an application form will appear in front of you, after downloading which you will have to fill the form completely. After this your necessary documents will be asked from you, after giving the documents your verification will be done and further action will be taken.
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