Mudra Loan Scheme 2017 @ www.mudra.org.in Application Forms, Procedure :- From this post you can know about the Pardhan Mantri Mudra Loan Scheme( PMMY), Advantage of this Mudra Loan, Benefit of the loan, Eligibility Mudra Loan , Contacts details etc. we can discussed all these type of the information of the Mudra loan. This is the complete information related to the Pardhan Mantri Mudra Loan:-
Mudra Loan Scheme 2017
All mudra Loan Bank Yojna:-
As this is the scheme of the Government of the India for the people having the low income and the people who need the financial assistance for running the small scale business of the unit of the country. As this is the very supportive idea of the government of the India. This idea is given by the Financial Support of the Small Business which employee with the majority of the India in the working populations.
Mudra Loan relates to: Available under the Pardhan Mantri Mudra Yojna.
Beneficiaries: Small and Micro business and enterprises
Aim: to encourage Micro Segments.
Interest: as applicable on the product of the loan or as per Guideline of the RBI
Kinds of loan:
AS we know that Under the Mudra Loan yojna there is three kinds of the loan which is given by the Government of India and this Mudra loan is depending upon the structure of the business and the time period of the loan. As there are three kinds of the Mudra Loan Yojna are:-
- Shishu Mudra Loan offering the Financial assistance up to the RS.50,000/-
- Kishor Mudra Loan offering Financial Assistance between 50,000/- to Rs.5,00,000/-.
- Tarun Mudra Loan amounting to Rs.5,00,000/- to Rs.10,00,000.
As we know also about this three kinds of the loan is that Shishu loan is about the startup of the business and Kishor loan is designed for business who are already in the progress . And the last loan is about the Trun Loan is that which is already established and in the high level.
Eligibility Criteria for getting the Pardhan Mantri Loan Yojna:-
As all the micro business that generate income and are need of the money having the income below to the Rs.10,000/- can apply for the loan under the scheme of the Pardhan Mantri Yojana. As the main aim of launching to these scheme is about development of the Micro Units Development and Refinancing Agency Scheme.
AS for getting this loan the rule are very strict eligibility criteria. As the bank that are related to this Yojana and the bank are participated in this Yojana is Public bank as well as Private Sector bank. AS there are so many bank which are allow to give the loan to the public under this scheme. As there are some need which are ensure before apply for the loan:-
- They have the record of the profit for 3 years
- NPA Less than 3%.
- Also having CRAR at least 9%.
- They also having the net worth of at least 100 crores.
If they don’t have the requirement detailed above then you are not eligible to apply for the Mudra Loan and bank will also not allow to provide you the such financial assistance.
Mudra Loan Scheme for 2017 SBI, PNB
Mudra Loan Scheme 2017 for SBI
PNB Mudra Loan Scheme 2017
As first before applying for the Mudra Loan the borrower or the applicant firstly having to take the no-objection certificated from the nearest bank branches and identified his/her personally along with the business or the purpose for which he or she can apply for the loan. And then he have to submit the application form with the business plan in his mind and also gives the identity proof and also with the ration card and photograph. As before getting the Mudra Loan you will have to complete the document one the documentation will be completed then the file has been submitted to the bank branch. After the same the bank staff will have to prove the same or not.
Object of the Mudra Loan:-
The main object of the Mudra loan to provide the financial assistance to the lower people for their business. As the government of the India provided the Financial assistance to the number of the schemes which are already in the startup scheme. As the small business are like the food service and the other type of the business. So the mudra loan is providing for the people to step to toward the encouragement. As the with the mudra Loan the common people are connected with the Financial Institution. This is very much important in the Rural area.
Who can apply for the Mudra Loan:-
There are some important notification so that the candidates are apply for the same:-
- That the borrower will be the Citizen of the India.
- Having the age of the 18 years not below the age of the 18 years.
- The candidates must have to show his plan of the business for which he have to invest the money taken from the mudra Loan scheme.
- The nature if the Plan should be earning activity related.
As we know that in now days the all persons have not the same thinking. As some people thinking about the job and some don’t want to be the servants of the other persons, so they want to be their own boss and for own boss there is only one thing that be run the business. But as you know for running the good business in smooth way you will be financial strong. But all the people having the dream about the business are not so much strong by financial circumstances. So for the startup of the business they wll be now get the help of the Government for running or establishment of the business. So the Government of the India now give the new scheme to the country of the India i.e. Pardhan Mantri Mudra Yojana( PMMY) as the famous name of this scheme is Mudra Loan. So if you are interested to get the benefit of this loan then you really have to know about the process for getting this loan. So from our article you will be get the all information about the Mudra Loan. We update our post with new and latest news related to the Mudra Loan.