Pradhanmantri Mudra Loan Yojana: The Government of India is running many beneficial schemes for its citizens. Different schemes are being run according to the needs of the people. If you also have the idea of doing business in your mind. But you don’t have that much money.
So there is no need to panic in such a situation. The government will help you for your business. With this government scheme, you can take a loan up to Rs 10 lakh for your business. That too at low interest rate. Let us know how you can apply for Mudra Loan Scheme.
Loan up to Rs 10 lakh from Mudra Loan Scheme
Prime Minister Modi had started the Pradhan Mantri Mudra Loan Scheme in the year 2015. There is a provision to give three types of loans under this scheme. In which Shishu loan is up to Rs 50000, Kishore loan is Rs 50000 to Rs 5 lakh. So, Tarun loan is given for the amount ranging from Rs 5 lakh to Rs 10 lakh. The bank in which you have an account to take Mudra loan. You can go to that bank and apply for it.
If you want, you can go to the official website of Mudra Loan https://www.mudra.org.in/ and download the loan application form, fill the information in it and apply directly to the branch. The branch manager will take information related to your work from you and will further process your Mudra loan accordingly. For more information you can also visit the official website.
Benefits of taking Mudra Loan
Generally, if you take a loan, its interest rate keeps increasing. For example, if you take a loan from a bank at an interest rate of 12% and after 4 months it increases to 14%, then you will have to repay the loan at an interest rate of 14%. But this is not the case in Mudra Loan Scheme.
At the time you are taking the loan. You will repay your entire loan at the interest rate prevailing at that time. That means, if the interest rate when you took the loan was 12%, then you will repay the loan at the interest rate of 12% only. Under this scheme, you can also extend the period of repayment of your loan.