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Wednesday, 28 October 2020

The government gives Rs. Want to take a loan of Rs 50,000 to Rs 10 lakh? Learn full details


Provision for loans to micro units by banks or financial institutions for income generation and non-agricultural activities up to Rs. 10 lakhs. 

inaugurated by the Hon'ble Prime Minister on to provide loans to small business activities under production, service, small business, and trade. Loans under this scheme are available in three categories as under

1 Benefits of Mudra Yojana:


 General according to this scheme
Under this scheme, common man can apply for a loan without a guarantee.
 There is no processing fee for this loan.

2 .Types of Currency Loans:

Keeping in view the different occupations, the Mudra loan has been divided into 3 parts which are as under. Loan up to Rs. Youth Loan: This ranges from Rs. 200,000 / - to Rs. 10,000,000 / -.

If an applicant has applied for a government-subsidized scheme in which the government provides a capital subsidy, the subsidy is linked to a currency loan.

4.How to apply for a currency loan?

Gather information and choose the right ban

There is no set procedure for applying for a loan as per Mudra Yojana. For this, the applicant has to collect complete information about the loan process as well as interest rate in the nearby bank. In addition to applying for a loan, one has to submit an application form as well as certain documents.

Shishu Loans: Loans up to Rs 50,000 are given under Shishu Loans.

Kishore Loans: Loans ranging from Rs 50,000 to Rs 5 lakh are given under Kishore Loan.

Tarun Loans: Loans ranging from 5 lakh to 10 lakh rupees are given under Tarun loan.

Click to Official websites: click hare

▼☞Official Website: Link 1 , Link-2 Link-3

▼☞Common Loan Application form 

▼☞for Kishor and Tarun: Form Gujarati

▼☞Application Form for ShishuLink-1 , Link-2

▼☞Full Details Gujarati: Link-1Link-2

5..What documents are required for this loan?

For this loan the bank can ask for different types of Kagalua which are as follows. Al separate documents such as Balance Sheet, Income Tax Returns and information about your current business. 

The bank will also try to get complete information about your Business Plan, Project Report, Future Income Estimates so that the people can know how to use their loan and how to take profit from it. It will also try to find out what the business will do next.

We've received this information and would like you to check out more information and comment if you have any information in this information.

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