Do you want to grow your business?
Do you face difficulty in giving guarantee for loan?
If yes, then SBI Kishore Mudra Loan Scheme is a great option for you!
This scheme provides you a loan up to Rs 5 lakh without any guarantee.
Let us know about this scheme in detail:
What is SBI Kishore Mudra Loan Scheme?
This scheme is a scheme run by State Bank of India (SBI) under the Pradhan Mantri Mudra Loan Scheme.
The objective of this scheme is to provide financial assistance to young entrepreneurs and small businessmen without any guarantee.
What benefits are available under this scheme?
Unsecured Loan: You do not need any guarantee or surety for the loan.
Low interest rates: The interest rates under this scheme are lower than other loan schemes in the market.
Easy Installments: You can repay the loan in easy installments as per your convenience.
Long Repayment Period: You get a long repayment period of up to 5 years.
Government Subsidy: Under this scheme you can also get the benefit of subsidy given by the government.
Who is eligible for this scheme?
Indian Citizen: The applicant must be a citizen of India.
Age Limit: Applicant age should be between 18 to 60 years.
Business: Applicant must have his own business.
Not a Defaulter: The applicant should not be a defaulter of any bank.
Required Documents:
Application Form: You have to get the application form from the SBI branch and fill it.
Identity Proof: Aadhar Card, PAN Card, Voter ID, etc.
Address Proof: Aadhar Card, Electricity Bill, Ration Card, etc.
Business Proof: Trade License, Shop Registration, etc.
Financial Documents: Last 6 months bank statement, last 2 years income tax returns, etc.
how to apply?
You can get the application form by visiting any branch of SBI.
Submit the application form with all the required documents.
The bank will evaluate your application and inform you whether the loan has been approved or rejected.
SBI Kishore Mudra Loan Scheme is a beneficial scheme for young entrepreneurs and small businessmen.
This scheme provides you a loan up to Rs 5 lakh without any guarantee, so that you can expand your business.
If you want to grow your business, apply for SBI Kishore Mudra Loan Scheme today!
pay attention:
Compare the interest rates and terms of different banks before taking a loan.
Keep in mind your financial condition and take only that much loan that you can repay.
Read the loan agreement carefully and understand all the terms.
