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Mudra Loan: Who will get a loan of Rs 20 lakh? Know here what the rules say

Pravesh Maurya — Tue, 06 Aug 2024 11:54:31 +0000

Pradhan Mantri Mudra Yojana: The central government runs many beneficial and welfare schemes just like the state governments. Through these schemes, the work of providing benefits to the needy and eligible people is done.

In this sequence, there is a scheme Pradhan Mantri Mudra Yojana which is run by the Government of India. Under this scheme, loans are given to eligible people by the government. In such a situation, if you are also eligible, then you can take advantage by joining this scheme, but do you know who will be able to take advantage of the loan of Rs 20 lakh now? Maybe not, but you can know here who will get this facility.

In fact, while presenting the budget recently, Finance Minister Nirmala Sitharaman had announced that now under the PM Mudra Yojana, a loan of Rs 20 lakh will be available instead of Rs 10 lakh. This announcement is very beneficial for the people associated with the scheme, but it becomes important to know who will get its benefit and who will not.

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These people can get benefit:-

If we talk about those people who can get a loan of Rs 20 lakh, then first of all it includes those people who have repaid the Tarun loan taken earlier on time.
You can get this benefit only if you are a citizen of India, otherwise not
Even if you do not have a bank account, you will not be able to get these benefits

If you want to take advantage of this, then your age should be more than 18 years
If you are declared a defaulter by the bank, then you cannot get these benefits because you are considered ineligible.
Those who want Mudra loan for the corporate sector, they should know that they will not be able to get this loan

This is how you can apply for a loan:-

Step 1

If you also want to avail the loan under PM Mudra Yojana, then for this you first have to visit the official website of the scheme mudra.org.in
Here you have to choose the loan category, like which loan do you want among Shishu, Kishor and Tarun

Step 2

Now the application form will appear in front of you which you have to fill.
For this, first download this form and then fill it
Attach the relevant documents along with it and take this form and submit it to the bank
Then the bank issues Mudra loan to eligible people.

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Budget 2024: Mudra Loans Limit Raised To Rs 20 Lakh From Rs 10 Lakh- know everything

Pravesh Maurya — Tue, 23 Jul 2024 07:37:28 +0000

Union Budget 2024 : Finance Minister Nirmala Sitharaman is presenting the first Union Budget of the third term of the Modi government and the seventh consecutive Union Budget during the monsoon session of Parliament.

In her budget speech, she announced to increase the loan limit under the Pradhan Mantri Mudra Yojana launched to promote self-employment in the country. Now a loan of up to Rs 20 lakh will be given under this scheme. Earlier the maximum loan limit was Rs 10 lakh.

The central government launched the Mudra scheme in April 2015. In the last 9 years, more than 40 crore people have taken advantage of this scheme. Loans ranging from Rs 50,000 to Rs 10 lakh have been given under the Mudra scheme to those who want to start their own business or expand their business. Now, loans up to Rs 20 lakh will be given under this scheme.

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Who can take a Mudra loan?

This scheme, started in 2015, aims to provide guarantee-free funds to small businessmen and street vendors to expand their business. Under the Pradhan Mantri Mudra Loan Yojana, loans can be taken through any bank, microfinance company or NBFC. Any Indian who is doing business or wants to start his own business can take a Mudra loan.

Loan is available in three categories

Under Pradhan Mantri Mudra Yojana, loan is given in three categories. The first category is Shishu loan. In this, a guarantee free loan of Rs 50,000 is available. In the Kishore category, loan is given from Rs 50,000 to Rs 5 lakh. In the Tarun category, the government gives loan from Rs 5 lakh to Rs 10 lakh. Now this limit has been increased to 20 lakhs. That is, in the Tarun category, loan from Rs 5 lakh to Rs 20 lakh will be available.

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PM Mudra Loan Yojana: Loan up to Rs 10 lakh will be available in Mudra Loan, know which documents will be needed

Pravesh Maurya — Tue, 27 Dec 2022 12:05:43 +0000

Pradhan Mantri Mudra Loan: If you are about to start a business and you need money, then the government runs a scheme for you. This scheme is Pradhan Mantri Mudra Loan, under which loans up to Rs 10 lakh are given without guarantee to business people.

The loan amount can be taken under three categories. Under Pradhan Mantri Mudra Loan Yojana, loans can be taken under Shishu, Kishore and Tarun categories. To take a loan, you have to apply to the bank and there should be proper documents for the application. In such a situation, let us know with the help of which documents you can take a loan and how much loan amount will be received under the scheme.

How much amount will be given in Shishu category

If you are starting a business, then you can take a loan under the Shishu category. In this, you will be given a loan amount of up to 50 thousand rupees. You are given 5 years to repay the loan amount. During this, interest ranging from 10 percent to 12 percent can be charged.

kishor loan amount

If you have already started a business, then you can take a loan of Rs 50,000 to Rs 5 lakh under this scheme. The lending institution fixes different interest on this amount. Along with this, the application and credit records are scrutinized while giving the loan amount. If the records are found correct then the loan is approved.

Amount in tarun loan

This scheme is given to those people who have established their business and want to expand their business further, for which there is a need to buy property etc. In this case, the loan amount is given, which can be from Rs 5 lakh to Rs 10 lakh. The interest rate is decided by the lending institution.

What documents will be required

Application form, passport size photo, KYC document, identity card, address proof, income proof, complete business related details, office proof, license and registration proof etc. will be required to be given.

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Mudra Loan Online Apply – Government launched new portal! You can do it sitting at home, apply for a loan from this!

Pravesh Maurya — Mon, 08 Aug 2022 07:29:34 +0000

Mudra Loan Online Apply – If you are repeatedly making rounds of banks to take a loan, and still your loan is not getting approved. So there is good news for you from the government side, the government has launched a portal in a hall, through which you can apply for online loan sitting at home, and your loan will be approved online.

Government launched portal –

The government has launched a new portal related to a loan, the name of this portal is Jan Samarth, and the official link of this portal is https://www.jansamarth.in/home. If you need money, then you can take help of this portal. And by taking a loan through the portal, you can fulfill your money related needs.

You can take 4 types of loans from this portal –

A total of 13 schemes (3 of Educational Loan, 3 of Agri Infrastructure Loan, 6 of Business Loan, 1 of Livelihood) are linked with Jan Samarth Portal so far and 125 Lenders have partnered with this Portal, And through this portal you can take 4 types of loans. You can see which scheme is listed in this portal by clicking on this link https://www.jansamarth.in/government-of-india-schemes .

Subsidy will be available from the government on loan –

There are many benefits of applying loan from Jan Samarth Portal, but the best advantage in this is that by applying for loan through this portal, you also get subsidy from the government. The rest of this subsidy is available on loans of only a few schemes. The information about the scheme on which you can get subsidy will be shown to you while applying for the loan.

You can apply online only, for loan –

Through this portal, you can check the eligibility of the loan online, as well as apply for the loan. As soon as you apply for the loan, you also get to see the loan amount, and your loan is also approved. After applying for a loan from the rest of the portal, you also have to visit the bank branch, only after that the loan amount is credited to your account.

How to apply for loan from this portal –

So if you want to take loan through this government portal, then you can visit Jan Samarth Portal. And you can watch the video given below. In this video complete information with live demo is given, how to check loan eligibility from Jan Samarth Portal, and how to apply for loan.

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