It will be easy to get loans due to banks having capital, know what is the government's plan

Need capital to start business? Government will give loan, know where and how to apply?

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Mudra Loan Apply: Are you also thinking of starting your own business. Capital is the biggest hurdle for starting a business. But the government has run many schemes so that loans can be given to those starting new business. Under the Pradhan Mantri Mudra Loan Yojana (PMMY), loans are provided to Micro, Small and Medium Enterprises at affordable rates.

The Modi government launched the Mudra scheme in April 2015, with the aim of providing easy loans for business to small businessmen. If you also want to take Mudra loan for your business then you can apply for it.

how to apply
This is the way to apply online for Pradhan Mantri Mudra Loan Yojana.

step 1- Download Mudra Loan Application Form.

Step 2- Fill the correct information in the loan application form.

Step 3- Go to any public or private bank that gives Mudra loan.

Step 4- Complete all bank procedures. You will get the loan after all the procedures are completed.

Also read- Business Idea: This business related to breakfast will earn in lakhs, up to 90% loan is available

Benefits of Mudra Loan
Under the Pradhan Mantri Mudra Yojana (PMMY), the government gives loans without guarantee. That is, processing charge will not be charged from the beneficiary for taking the loan. Different interest rates are charged on the loan taken under this and it also depends on the method of your work. However, the minimum interest rate is around 12%.

so much interest
The interest rates also depend on the loan amount and repayment period etc. The interest rate can range from 12-18 percent according to the bank. However, mostly 10 to 12 per cent interest is charged.

Also read- Business Idea: Instead of a job, you can start this business, earning in lakhs

Must have these documents
Documents required for Mudra loan will be Aadhar Card, PAN Card, Passport, Voter ID Card, Driving License etc. Apart from this, utility bills, Aadhar card, valid passport, domicile certificate, voter ID etc. will run for address proof.

apply online
Now you can also apply by visiting the website of the financial institution from which you want to take Mudra loan. All you have to do is click on the button which reads Mudra Loan Online Apply. You can also find out about the loan under this scheme by visiting your nearest bank.

Tags: business loan, loan, loan offers, Mudra loan

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