Under this government scheme, loans were given to 52 crore people till April 2025. Under Mudra Yojana, you can take a loan of Rs 50 thousand to Rs 20 lakh to start your business or expand your business. This scheme has been a hit due to the lack of any guarantee, low interest and easy money.

Under the Pradhan Mantri Mudra Loan Yojana, you can take a loan 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. There are three categories of loans under the Mudra Yojana. The interest rate of a Mudra loan is determined by the bank, not the government. Typically, the loan is available at an annual interest rate of 8% to 10%.

How much loan is available under the Mudra scheme?

Loans ranging from Rs 50,000 to Rs 20 lakh are available under the Mudra Yojana. There are three categories of loans – Shishu, Kishore and Tarun.

Shishu: Loan up to ₹50,000

Teen: Loan from ₹50,000 to ₹5 lakh

Tarun/Tarun Plus: Loans from ₹5 lakh to ₹20 lakh

How to apply for Mudra Loan?

You can apply for Mudra Loan both online and offline. To apply online, visit the portal www.udyamimitra.in . You can also apply for Mudra Loan by visiting the nearest branch of any bank, NBFC, or MFI. For more information, you can visit mudra.org.in. The important thing to keep in mind here is that the applicant should not be a defaulter of any bank or financial institution and his credit score should also be satisfactory.

What documents are required for Mudra Loan?

To apply for a loan under Mudra scheme, ID proof (Aadhaar, Voter ID), address proof, business plan or project report, bank statement and income proof (if available) are required. In some cases, especially for small businesses, GST registration is also required for the loan.

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Under this scheme, a maximum of Rs 1 lakh can be invested through a single account and up to Rs 15 lakh through a joint account.

Who can open this account?

• Adults aged 18 years or above…
• Joint account (up to 3 adults).

Guardian in the name of a minor…

• If the minor has attained the age of 10 years, he can open an account in his own name.
  Investment rules
• An account can be opened with a minimum of Rs. 1000.
• A maximum of Rs. 1 lakh can be invested in a single account and up to Rs. 15 lakh in a joint account.

In the joint account, each account holder will have an equal share…

How is interest earned?

• This scheme offers an annual interest rate of 7.4%.
• The interest is directly deposited in the customer’s account every month.
• If the customer does not withdraw the interest amount, it is added to the post office savings account and interest is also earned on it.
• The maturity period of the scheme is 5 years, after which it can be extended with a new interest rate.

Example of monthly income…

• Joint account:
• Investment: Rs 15 lakh.
• Annual interest: Rs 1,11,000.
• Monthly income: Rs 9250.
• Single account:
  Investment: Rs 9 lakh.
• Annual interest: Rs 66,600.
• Monthly income: Rs 5550.

Benefits of the scheme…

• This scheme gives higher returns than bank FD.
• After 5 years it can be extended at the new interest rate.
• If the investor does not want to continue this scheme, then after 5 years the entire deposit is returned.
• Rules for premature closure of account
• The account cannot be closed before one year.
• On closing the account between 1 to 3 years, 2% of the amount will be deducted.
• On closing the account between 3 to 5 years, 1% of the amount will be deducted.
• Post Office Monthly Income Scheme (POMIS) is a safe and reliable option, which guarantees regular income. It is specially designed for those who want to earn a fixed income every month by investing with low risk.

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The government is running Sukanya Samriddhi Yojana for daughters . By investing in this scheme, parents can secure the future of their daughters. How to take advantage of it Sukanya Samriddhi Yojana is such a long term plan. By investing in this, you can add money from your daughter’s education to marriage expenses. Under Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened in the name of their parents only.

Under this scheme, you can invest from Rs 250 to Rs 1.50 annually. How many daughters will open an account from a family, earlier in this scheme, only two daughters’ account was exempted from tax under 80C. But now it has changed and under the rule, if two twin daughters are born after one daughter, then their account will also get tax exemption.

When can accounts be closed?

The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.

How to open account?

To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.

Documents required for Sukanya Samriddhi Yojana-

At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.

How will the amount be deposited in the account?

The amount invested in the Sukanya Samriddhi Yojana account can also be deposited in cash, cheque, demand draft or in any such manner as the bank accepts.

How much interest will you get on investment?

At present, interest is getting at the rate of 7.6% on investment in Sukanya Samriddhi Yojana. Under this scheme, by investing a small amount, you can add lakhs of rupees. Sukanya Samriddhi Yojana is getting more interest than all the savings schemes of the bank or post office.

If you invest up to Rs 1000 every month under this scheme, then according to 7.6% interest rate, you will get an amount of more than Rs 10 lakh like this.
• Deposited in 1 month – Rs 1000
• Total deposit in 12 months Rs -12000
• Deposit up to 15 years – Rs -18,0000
• Total interest on deposit up to 21 years + Total deposit – Rs 329,212
• On attaining 21 years But after adding the total deposit + total interest, the money will be returned – Rs 10,18,425
• In this way, when your daughter is 21 years old, then lakhs of rupees will be deposited in her name. When you want your daughter to get married, then you can easily withdraw this money.

The post Sukanya Samriddhi Yojana: The rules of Sukanya Samriddhi Yojana have changed from today, now these daughters will get benefits, know full details first appeared on Rightsofemployees.com.