PM Mudra Yojana: The Government of India operates numerous schemes to benefit the country’s population. People from various parts of the country benefit from these government schemes. Many people aspire to start their own businesses. But they do not have money. The government helps such people.
These individuals are provided with loans by the Government of India to establish their own businesses. And those who want to expand their already set-up business are also given loans by the government. Let us guide you through the process of applying for a loan under this scheme.
Business loan is available under PM Mudra Yojana
The government brings schemes according to the needs of the people of the country. If you want to start a business and you do not have enough money, then the Government of India will help you. The Government of India runs the PM Mudra Yojana for this. Under this scheme, the government provides business loans. Four types of loans are given by the government, which include Shishu, Kishor, Tarun and Tarun Plus categories.
This is the amount
If we talk about these loans, Shishu loan is available up to Rs 50,000. Kishor loan is available from Rs 50,000 to Rs 5 lakh. Tarun loan is available from Rs 5 lakh to Rs 10 lakh. And the amount in Tarun Plus is from Rs 10 lakh to Rs 20 lakh. But under Tarun Plus, a loan of Rs 20 lakh is available only to those who repay the loan of Rs 10 lakh taken under the Tarun category.
This is how you can apply
If you want to apply under PM Mudra Yojana, you can apply by visiting the website https://www.udyamimitra.in/. To apply for the scheme, you will need some important documents. In which you should have a business plan and project report. Along with this, it is necessary to have a copy of income tax return, copy of self tax return, Aadhar card, PAN card and proof of home and office address.