Bank Loan Scheme – Mudra Loan For Business 2024
Mudra Loan for Business 2024 – Most of us cannot execute the business . Due to
unavailability of the financial support
So its a Good News to start up the Business . Because Government of india
is providing Mudra Loan for Business 2024
Rs 10 lakhs financial assistance for those who want to start up a new Business
The central government is providing instant loan under pradhan Mantri Mudra
Loan Yojana
Mudra Loan for Business 2024 scheme – offer loan between Rs 50000 to
maximum of Rs 10 lakh
The Loan Scheme from the Central Government and provides the Loan with
low interest rates and a long EMI policy to return the money
Banks in India
Most of the bank including SBI, Bank of Baroda, Bank of India , Canara Bank
and other Banks are participating in mudra loan scheme
So youth who wants to start up the Business can apply for mudra loan
Mudra Loan for Business 2024
Features –
The mudra loan focuses for multiple small business including Shopkeeper, Retailer,
Vegetable Vendor, Manufacturing Units, and Service providing sector etc,
The Loan Scheme is divided into 3 Categories they are
1 Shishu
2 Kishore
3 Tarun mudra loan
I The business is too small and can be started with small amount of Rs 50000
then you will be get Shishu mudra loan . The loan will be providing online
as well as offline mode
2 If your requirement is between Rs 50000 – 5 lakhs then you can
apply for the Kishore mudra loan
3 The maximum loan amount is Rs 10 lakh provided under Tarun mudra loan
Eligibility for Mudra Loan
1 Applicant should be citizen of India
2 Applicant should be at least 18 years old
3 Applicant Business should be registered with Udyam portal of
government of India
4 Your Business should be listed under the MSME ( Ministry of Micro, Small
and Medium Enterprises ) business of central government
5 Applicant safety showcase the actual cost of investment in the company to
the Bank and have to provide the calculation of money which will be used to
build up the business.
Documents for Mudra Business Loan
The Applicant should required the following Documents
1 Aadhar card
2 Passport size photograph
3 PAN card
4 Address proof
5 Address documents of the Business
6 GST registration
7 Udyam portal registration
8 Last one year GST filing document
9 Atleast one year of Business entry details.