PM Mudra Loan Scheme: In order to promote micro and medium industries in India and to give impetus to new industries, this scheme Pradhan Mantri Loan Yojana was started by the Central Government on April 1, 2015, with the aim that any person living in the country can If anyone wants to start a new business Pradhan Mantri Mudra Loan Under this, one can get loan on easy bank terms with easy and low interest rate. Under PM Loan Yojana, a loan of up to Rs 10 lakh can be taken for any new or already running business.
Mudra Loan The government operates through banks for the Mudra loan scheme, if any person living in the country wants to start his new business, then this scheme issued by the government Mudra Yojana Under this, you can start your business by taking a loan of up to 10 lakhs for yourself.
PM Mudra Loan Yojana 2023-24 Apply Details
Pradhan Mantri Mudra loan is given in 3 ways
shishu loan: Loan up to 50000 is given to the beneficiaries
Kishore Loan: 50000 to 500000 loan is given to the beneficiaries
tarun loan: 500000 to 1000000 loan is given to the beneficiaries
Banks covered under Pradhan Mantri Mudra Loan Yojana
- Allahabad Bank: Allahabad Bank
- Bank of India: Bank Of India (BOI)
- Corporation Bank: Corporation Bank
- IDBI Bank: IDBI Bank
- Karnataka Bank: Karnataka Bank
- Punjab National Bank (PNB): Punjab National Bank
- Tamil Nadu Mercantile Bank: TamilNadu Mercantile Bank
- Axis Bank: Axis Bank
- Canara Bank: Canara Bank
- Federal Bank: Federal Bank
- Indian Bank: Indian Bank
- Kotak Mahindra Bank: Kotak Mahindra Bank
- Saraswat Bank: Saraswat Bank
- UCO Bank: UCO Bank
- Bank of Baroda: Bank Of Baroda
- Central Bank of India: Central Bank Of India
- HDFC Bank: HDFC Bank
- ICICI Bank: ICICI Bank
- Jammu and Kashmir Bank: J&K Bank
- Punjab And Sind Bank: Punjab And Sind Bank
- Syndicate Bank: Syndicate Bank
- Union Bank of India: Union Bank Of India
- Andhra Bank: Andhra Bank
- Bank of Maharashtra: Bank Of Maharashtra
- Dena Bank: Dena Bank
- Indian Overseas Bank: Indian Overseas Bank
- Oriental Bank of Commerce: Oriental Bank Of Commerce
- State Bank of India: State Bank Of India
PM Mudra Loan Scheme required documents
If you also want to take Pradhan Mantri Mudra Loan, then read all the important documents given below carefully before applying. PM Mudra Loan Scheme
- Minimum age should be 18 years
- Shishu Loan, Kishor Loan and Tarun Loan (any one form)
- Aadhaar card of the person applying
- Must not be a defaulter in any loan taken earlier
- passport size photo
- pan card
- Permanent Address of the applicant
- Business Address or Certificate of New Business Establishment
PM Mudra Loan Scheme eligibility of
Some eligibility of the applicant has been kept for PM Mudra loan scheme, keeping that in mind, apply.
- It is necessary to be a citizen of India to avail benefits under this scheme
- The minimum age of the PM Mudra loan applicant should be 18 years.
- Under the PM Mudra loan scheme, all those people can take advantage of this scheme, who leave farming or any other business and start a new business.
- Loan can be taken up to a maximum of 10 lakhs for new business
- All businessmen of micro and small scale industries are eligible for Prime Minister Mudra loan
- Should not have taken loan from any other bank.
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PM Mudra Loan Scheme advantages of
- Any person who wants to do his own business can take advantage of Mudra Loan Yojana.
- The loan given under the PM Mudra loan scheme is given without any guarantee, you do not need any kind of guarantee for the Mudra loan scheme. PM Mudra Loan Scheme
- Under the PM Mudra loan scheme, the beneficiary is given a Mudra card, which he can spend according to his needs.
PM Mudra Loan Scheme how to apply
Mudra Loan Apply For Pradhan Mantri Mudra loan, you will have to go to the bank branch that comes under your nearest scheme, after meeting the loan officials, you will have to tell your formalities, after which you will be able to apply for PM Mudra loan.
- Bankers will have to inform you about the type of business you want to start with the loan taken for your PM Mudra loan scheme.
- Before going to the bank, take your Aadhaar card and PAN card along with you, before taking any kind of loan, your CIBIL Report is checked in the bank, in which information comes whether you have taken any loan or not.
- The person taking the loan under the PM Mudra loan scheme should not have already taken a loan from any bank, if you have already taken a loan, then you will not be given a loan under this scheme.
- After all the reports are correct, the bank officials will give you the PM Mudra Loan Yojana form for application.
- All the blank spaces given in the form will have to be filled according to the given information and all your important documents will have to be attached with the photo.
- After this, the officers will inspect the place of your business on behalf of the bank, in which all the details given by you are found correct, then you are eligible to take the loan.
PM Mudra Loan Scheme online form download
- For the PM Mudra loan form, one has to go to the official website of any bank below.
- After going to the bank website, click on PM Mudra Loan Scheme and Shishu Loan, Kishore Loan and Tarun Loan Click on whichever loan you want to take out of these three.
- After opening the new page, you will get two options 1. Loan Application Form and 2. Form Check List by which download the loan application form and take a print out Now download the form check list also and take a print out.
PM Mudra Loan Scheme beneficiary
Who can be the beneficiary for Pradhan Mantri Mudra Loan Yojana
- service sector company
- cell proprietor
- partnership
- micro industry
- to repair shop
- vegetable and other food related business
- Seller
- owner of trucks
- small manufacturing firm
Important Links
FAQs – PM Mudra Loan Yojana 2023
What are the documents required for PM Mudra loan scheme?
PM Mudra Loan Yojana applicant should have his Aadhaar card, passport size photo pen card, his permanent address, balance sheet of last 3 years business address and certificate of new business.