Do you want to quit your job and start a business? But don’t know what business to do? Then today’s article is for you. Great news! You can kickstart your business with the support of the government. To boost tourism, Finance Minister Nirmala Sitharaman has announced several significant initiatives for this sector. The central government plans to collaborate with state governments to create 50 new tourist destinations.
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Consider starting a homestay
You can earn a good income by launching a homestay business. The government offers the Mudra loan to help with this. The popularity of homestays is on the rise, providing visitors with a comfortable, home-like experience. If you have a house that can be transformed into a homestay, you could generate substantial income, especially if your property is located in a tourist-friendly area to ensure year-round business.
Utilize the Mudra loan
If you’re interested in starting a homestay, you can benefit from the PM Mudra Loan Scheme. You can apply for a loan through various banks, including Gramin, Non-Financial Companies, or Small Finance Banks. This scheme offers four types of loans: the Shishu Loan, which provides up to Rs 50,000; the Kishor Loan, offering up to Rs 5 lakh; the Tarun Loan, which allows for up to Rs 10 lakh; and the Tarun Plus N, which can provide up to Rs 20 lakh.
Any Indian citizen over 18 years old can apply for the PM Mudra Loan to start or expand a business. However, this loan is not available to bank defaulters or corporate entities. To apply for the PM Mudra Loan, simply visit the official website.
1. www.mudra.org.inYou will have to go to.
2. After this, choose the loan category as per your requirement.
3· Download the form and take its printout, fill it and submit documents like PAN card, Aadhaar card, business information, income information etc. along with it. After this, go to your nearest bank and submit the form.
You get the loan within about a month of form submission.