Defaulter cannot avail the benefit of PM Mudra Yojana from the bank.

Defaulter cannot avail the benefit of PM Mudra Yojana from the bank.

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…

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