Government New Scheme: Get Rs 10 lakh loan without mortgage
Pradhan Mantri Mudra Yojana is given people to start business. Under this scheme, the government provides money to people in the form of loans. The loan amount is Rs 10 lakh.
Everyone has a desire to start their own job or business. But those who want to start a business independently do not have money. In such a situation, now you don’t need to worry. Because the Narendra Modi government helps you realize your dreams. For this the government has launched the Pradhan Mantri Mudra Yojana.
Under this financial assistance is given people to start business. Under this scheme, the government provides money to people in the form of loans. The loan amount is Rs 10 lakh.
Pradhan Mantri Mudra Scheme:
If you want to get a loan, you need to show the business model to the bank officials. Depending on the business model, the bank will give you a loan up to Rs 10 lakh. Government has launched this scheme to promote start-ups. In this, 25 percent of the amount is invested from own pocket and the remaining 75 to 80 percent is provided by the bank.
For example, if the total cost of your business is Rs 16 lakh, in which you will have to invest Rs 4 lakh yourself and the remaining cost will be obtained in the form of loan.
How to Apply for Prime Minister Mudra Loan:
To apply for the Pradhan Mantri Mudra Loan Scheme, you must first prepare a business plan.
After making a business plan, you need to fill a form at the bank. In this you have to provide the necessary information.
You need to prepare a plan for the future business, in which you need to create a complete project plan.
This model should be explained well to the bank officer and tell the officer how much you can progress the business in future.
After this, the bank officer will approve the documents submitted by you.
You don’t have to pay processing fee in this loan.
The loan given under this scheme has to be repaid within 5 years.
Also Read: Gruha Lakshmi Scheme: Do This If You Not Get Money
Minimum age of applicants for PM Mudra loan scheme should be above 18 years. The government aims to promote micro and small scale industries. This Mudra loan scheme is being launched. Under this scheme, any person living in the country can do his business without anyone’s help. PM Mudra is mentioned under MSME. You can start a small business like vegetable shop, fruit shop, buying a tractor, buying a taxi, opening a general store.
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