PM Mudra Yojana Loan 2024: Eligibility And Registration & Other Details

The Government of India has now started a scheme for loans up to Rs 10 lakh for people in small and big industries. In this scheme, you can get an easy loan of up to Rs 10 lakh without any fee and processing, this loan is easy. Read the complete article and fill the form to get the loan,

What documents will be required to get a loan under the Honorable Prime Minister’s PM Mudra Yojana and what are the eligibility criteria and what is the application process, what is the specialty of this loan, we have told you all the information in detail. Read below,

PMMY Loan Benefits

  • Can get loan for micro and small industries,
  • PM Mudra Yojana Loan does not require any security or collateral,
  • There will be no processing fee for getting PM Mudra Yojana loan, the loan will be available absolutely free.
  • Can avail loan for fund or non-fund based needs,
  • Can get loan for various projects,
  • There is no minimum loan amount,

Features of PM Mudra Loan

  • PM Mudra Loan is of three types – Shishu, Kishor and Tarun,
  • To get a child loan, an amount up to ₹ 50000 is given,
  • To get a teenage loan, a loan ranging from ₹ 50000 to ₹ 500000 is given by the bank,
  • To get Tarun Loan, a loan ranging from ₹ 500000 to ₹ 10 lakh is given,
  • There is no minimum amount of PM Mudra Yojana loan, you can get any amount up to Rs 10 lakh,
  • There is no processing fee or document charge,
  • This loan can be taken for industries,

PM Mudra Loan Eligibility

  • All non-entrepreneurial industries are eligible,
  • Both micro entrepreneurs and small scale industries are eligible,
  • Income in surgeon activities,
  • Is eligible for manufacturing and trading and services,
  • Those who need loan up to Rs 10 lakh for their industry can avail this loan.
  • Since 2016, the process of loan for agricultural activities has been added in PM Mudra Yojana, now they can also get loan,

Mudra Yojana Loan Documents

  • The form of PM Mudra Yojana will have to be filled and deposited in the bank.
  • The loan applicant must submit all the documents like PAN Card and Aadhar Card and Driving License and Identity and Address Proof,
  • Photo of bill and identity card and bank account diary and account number IFSC code,
  • License or ID card and address of your industry to get loan,
  • Photo of your industry and proof showing need for loan in the industry,
  • Proof of the subject or industry in which the loan is required,

PM Mudra Yojana Loan Register

  • Download Mudra Yojana Loan Form,
  • Prepare all the mentioned documents and go to your bank branch.
  • Go to the same bank branch where the bank account is already opened i.e. if you have an account in your industry then you can go there,
  • Explain the complete loan requirement of your industry to the bank manager,
  • Give all the documents to the bank manager,
  • Fill Mudra Yojana Loan Form,
  • Submit the documents along with the form to the bank staff,
  • The bank employee will upload the loan form online, after which the loan process will take place.

To get PM Mudra Yojana loan, it is necessary to have the following eligibility and after all the documents are ready, go to the nearest branch in which you already have a bank account and show the documents and your loan requirement, similarly, this Mudra of the Honorable Prime Minister Can get loan under the scheme,

Mudra Yojana Form PDF DownloadClick Here
Pm Kisan Official WebsiteClick Here

PM Mudra Yojana Loan Kaise Le, Eligibility And Registration & Other Details: How to take PM Mudra Yojana loan instantly from any bank, know the process

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