Wow! Government is giving 10 lakh loan to women without guarantee, take advantage of this government scheme soon - Newztezz Online


Friday, December 18, 2020

Wow! Government is giving 10 lakh loan to women without guarantee, take advantage of this government scheme soon

 government has come up with a special plan to make the unemployed people self-reliant and start their own business during the Koro era Its name is Mudra Yojana. It provides a loan of Rs 10 lakh without any guarantee from the government to start a business. There is a special provision for women. It allows them to earn while sitting at home. This will make him self-reliant. Loans under the scheme will be given in 3 categories. It provides loans up to Rs. 50,000 under infant loan. Under the juvenile category you are given Rs 50,000 to Rs 5 lakh and in the youth category you are given Rs 5 lakh to Rs 10 lakh. Let us tell you what you need to keep in mind if you want to take advantage of this scheme too.

Benefits of Mudra Yojana

Under this scheme loan is available without guarantee. In addition, there is no processing charge for the loan. This will make it easier for the applicant. In addition, the loan repayment period can be extended up to 5 years so that the applicant can have sufficient time to set up the business. A mudra card is issued to the beneficiary by the bank on taking a loan. Through which you can spend as needed.

Special talks related to the plan

There is no fixed interest rate under Pradhan Mantri Mudra Yojana. It depends on the different banks. Interest rates are also determined based on the nature of the business and the risks associated with it. The interest rate is usually 12 percent.

It will be easier for women to take loans under Mudra Yojana as they have been given priority in the scheme. In addition this loan can also be taken for business area.

When applying for a loan, the applicant has to submit a document related to the business plan, project report, future income estimate. So that the government will get information about your business.

How to get a loan from Mudra Yojana?

1. Download the loan application form from the official website

2. Of the three types of loans, the loan form has to be downloaded.

3. After this, fill in all the information of the loan application form.

4. In this form, you must also provide information about where to start a business.

5. If you belong to the reserve quota, a certificate of caste must also be submitted.

6. The form should also include 2 passport size photographs.

7. Go to the bank and submit all documents.

8. The branch manager of the bank can take information about your business and then approve your loan.

9. After the loan is approved, you will receive a Mudra Debit Card in a few days.

10. Your loan amount will be credited to this card. Which you can use to start a business.

What is the interest rate on a currency loan?

Under the Pradhan Mantri Mudra Yojana (PMMY), the government provides loans without guarantee. There is no processing fee for this. The interest rates on loans taken under this vary. It depends on the business. Usually the minimum interest rate is about 12%.

Where can I get a loan?

Under Pradhan Mantri Mudra Yojana (PMMY) loans can be taken from any government bank, rural bank, co-operative bank, private bank or foreign banks. The RBI has authorized 27 government banks, 17 private banks, 31 rural banks, 4 co-operative banks, 36 microfinance institutions and 25 non-banking financial companies (NBFCs) to disburse currency loans. For more information about Pradhan Mantri Mudra Yojana, full details are available on the official website

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