Prime Minister’s Mudra Yojana: Following the corona epidemic, many people have lost their jobs. As a result, the country’s unemployment rate has risen dramatically. Many people are considering starting their own business to supplement their income in such a situation. His idea, however, is not taking shape due to a lack of resources and funds. We’re going to inform you about a particular initiative of the Indian government in this episode. Pradhan Mantri Mudra Yojana is the name of this scheme. The financial troubles you had when starting your firm will be eliminated if you take advantage of this strategy. You can easily start any business in this manner. The goal of the Indian government’s plan is to encourage people to work for themselves. In this episode, we’ll talk about the unique features of the Pradhan Mantri Mudra Yojana. Let’s get the word out –
You can easily start your business by taking out a loan under this scheme. The most crucial aspect of this scheme is that it provides a loan to a person without requiring them to start a business. Apart from this, you are not charged any kind of processing charge for the loan.
The Pradhan Mantri Mudra Yojana offers three categories of loans. Shishu Loan, Kishore Loan, and Tarun Loan are among them. You can choose from any of these loan options depending on your needs.
Loans ranging from 50,000 to 10 lakh rupees are available under this plan. To obtain the loan, you will need a Mudra card. You can use this card to purchase the necessary equipment for your business.
If you wish to take benefit of the scheme, you must first apply on the PM Mudra Yojana’s official website. To apply for the scheme, you’ll need documents like an Aadhar card, a PAN card, the applicant’s permanent address, a business address and proof of establishment, a three-year balance statement, and so on.
This initiative is only available to people above the age of 18. Apart from that, if the applicant is a bank defaulter. He will not be eligible for the Pradhan Mantri Mudra Yojana in this case.
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