Skip to main content

Mudra loan



To apply for a Mudra loan online, follow these steps:


1. Visit the PM MUDRA official website and select the Udyamimitra portal.

2. Click on "Mudra loan Apply Now."

3. Choose one of the following options:

   - New entrepreneur

   - Existing entrepreneur

   - Self-employed professional

4. Fill in your name, email, and mobile number, and generate an OTP.


Remember that there are no agents or middlemen engaged by MUDRA for availing Mudra loans. Be cautious of anyone posing as an agent or facilitator of MUDRA/PMMY. You can directly apply through the Udyamimitra portal or visit a nearby branch office of a bank, NBFC, or MFI to avail of Mudra loans³. Good luck with your application! 🌟


What are the eligibility criteria for Mudra loans?

The Pradhan Mantri Mudra Yojana (PMMY) provides micro credit/loans up to ₹10 lakhs to income-generating micro enterprises in the non-farm sector. Here are the eligibility criteria:


1. Age: Applicants must be between 18 and 65 years old (at the time of final EMI repayment).

2. Business Type: The loan is for non-agricultural activities.

3. Loan Amount:

   - Shishu: Up to ₹50,000

   - Kishore: Above ₹50,000 and up to ₹5 lakhs

   - Tarun: Above ₹5 lakhs and up to ₹10 lakhs


4. Credit History: No past loan defaults with any financial institution and a satisfactory credit track record.


5. Skills/Experience: Necessary skills/experience/knowledge relevant to the proposed activity.


6. Educational Qualification: Assessed based on the nature of the proposed activity¹²³. Remember, there are no agents or middlemen engaged by MUDRA for availing Mudra Loans, so be cautious of anyone posing as an agent or facilitator¹. Good luck with your application! 🌟


What documents are required for a Mudra loan application?


To apply for a Mudra loan, you'll need the following documents:


1. Mudra Application Form: Duly completed with passport-sized photographs.

2. KYC Documents for the Applicant:

   - Passport

   - Voter ID card

   - Driving License

   - PAN card

   - Aadhaar Card

   - Utility Bills (Water/Electricity Bills)

   - Birth certificate

   - Class X certificate

3. Income Proof: Last 12 months' bank statement⁵. Good luck with your application! 🌟

What is the interest rate for Mudra loans?


The interest rates for Mudra loans vary depending on the lending institution and the loan tenure. Here are some approximate rates:


- Shishu Loans: Start at around 7.30% p.a.

- Kishor Loans: Vary between 7.30% and 10.55% p.a.

- Tarun Loans: Also range from 7.30% to 10.55% p.a. 


Remember that these rates may differ slightly based on the specific bank or financial institution you choose. Good luck with your application! 🌟


Can I apply for a Mudra loan online without visiting a bank branch?


Yes, you can apply for a Mudra loan online without visiting a bank branch. To do so, follow these steps:


1. Visit the PM MUDRA official website (https://www.mudra.org.in/) and select the Udyamimitra portal.

2. Click on "Mudra loan Apply Now."

3. Choose your category (new entrepreneur, existing entrepreneur, or self-employed professional).

4. Fill in your details, including name, email, and mobile number, and generate an OTP.


Remember that there are no agents or middlemen engaged by MUDRA for availing Mudra loans. Be cautious of anyone posing as an agent or facilitator of MUDRA/PMMY. You can directly apply through the Udyamimitra portal or visit a nearby branch office of a bank, NBFC, or MFI to avail of Mudra loans . Good luck with your application! 🌟


Can I apply for a Mudra loan if my business is in agriculture?


Certainly! The Pradhan Mantri Mudra Yojana (PMMY) provides micro credit/loans up to ₹10 lakhs to income-generating micro enterprises in the non-farm sector. This includes activities allied to agriculture, such as poultry, dairy, and beekeeping. So, if your business falls within these categories, you are eligible to apply for a Mudra loan¹²³. Good luck with your application! 🌟



Comments

Post a Comment

Share with your friends :)
Thank you for your valuable comment

Popular posts from this blog

Story of the Nilavanti Granth

  A story about the Nilavanti Granth: एक समय की बात है, भारत के दिल में एक रहस्यमयी पुस्तक थी जिसे निलावंती ग्रंथ कहा जाता था। यह पुस्तक संस्कृत में एक ऋषि द्वारा लिखी गई थी। यह भारत की सबसे रहस्यमयी और चमत्कारी पुस्तकों में से एक मानी जाती थी। निलावंती ग्रंथ की कहानी निलावंती नामक एक महिला के साथ शुरू होती है, जिसे जादुई क्षमताओं का होना कहा जाता था। कहा जाता था कि उसे सभी जीवित प्राणियों की भाषा समझने की क्षमता थी। इसी अद्वितीय क्षमता के कारण निलावंती ग्रंथ इतना विशेष था। निलावंती उत्तर प्रदेश के एक छोटे से गांव में पैदा हुई थीं। जब वह सिर्फ पांच साल की थी, उसकी मां का निधन हो गया, तब उसके पिता ने उसे लेकर दूसरे गांव में चले गए। निलावंती ने अपने पिता से आयुर्वेद सीखा और उसे पौधों, जानवरों, और पक्षियों की भाषा समझने की अद्वितीय क्षमता भी थी। निलावंती जब बड़ी हुई, तो उसे सपने आने लगे जिसमें भूत-प्रेत उसे पृथ्वी के नीचे छिपे हुए खजानों के बारे में बताते थे। इन खजानों के बारे में जानने के बावजूद, निलावंती, एक सच्ची व्यक्ति होने के नाते, कभी उन्हें खोदकर नहीं निकाली। बजाय इसके, उसने भ...
Post a Comment
Read more

Calculate Your Fuel Cost

Estimate your one-way and return trip fuel costs with the Fuel Cost Calculator. Choose your currency, enter trip details, and get instant cost calculations for your journey. Plan your travel budget effectively. Fuel Cost Calculator Fuel Cost Calculator Trip Distance (km): ℹ️ Fuel Efficiency (km/l): ℹ️ Price per Liter (in Rupees): ℹ️ Calculate The "Fuel Cost Calculator" is a simple web tool designed to help you estimate the fuel required and the total cost for your one-way and return trips based on your vehicle's mileage and the current price of petrol. Here's how to use it: Input Your Trip Details: Enter the "Trip Distance" in kilometers. This is the one-way distance you plan to travel. Specify your "Fuel Efficiency" in kilometers per liter (km/l). This is the average mileage your vehicle achieves. Enter the "Price ...
Post a Comment
Read more

Odisha Goverment Public Holidays 2024

Holidays Public Holidays Optional Holidays January February March April May June July August September October November December Introduction The Holidays web page provides information about public and optional holidays for different months. You can explore holidays based on the type (public or optional) and select a specific month to view the corresponding holiday details. Getting Started To use the Holidays web page, follow these steps: 1. Open the web page in a compatible browser. 2. Explore the different tabs and select the type of holidays you want to view (Public or Optional). 3. Choose a specific month from the dropdown menu. 4. The web page will display the corresponding holiday information for the selected type and month. Tabs The web page has two tabs: Public Holidays and Optional Holidays. - Public Holidays Tab : Displays information about public holidays.   - Co...
1 comment
Read more