15 Jul 2017Posted By: Pulkit Gupta


PRADHAN MANTRI MUDRA YOJANA LOANS | Eligibility | Procedure | Application Form | Apply Online

Pradhan Mantri Mudra Yojana is a Government of India scheme, provide financial assistance to a small business to borrow loans from banks upto 10 lakh for non farm income generating activities.

The best part of the scheme, banks issue loans upto Rs. 10 lakh WITHOUT COLLATERALS.

MUDRA stands for Micro Units Development & Refinance Agency Ltd, is a financial institution being set up by Government of India for development and refinancing micro units enterprises.

The scheme was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016.

The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs.

Non–Corporate Small Business Segment (NCSB) comprising of millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas.

The financial limit categorized into three parts under these schemes: -

         a. Shishu : covering loans upto 50,000/-

         b. Kishor : covering loans above 50,000/- and upto 5 lakh

         c. Tarun : covering loans above 5 lakh to 10 lakh

 

WHO IS ELIGIBLE?

Any Indian Citizen who has a business plan for a non farm income generating activity such as manufacturing, processing, trading or service sector whose credit need is less than 10 lakh can approach either a Bank, MFI or NBFC for availing of MUDRA loans under PMMY. The usual terms and conditions of the lending agency may have to be followed for availing of loans under PMMY. The lending rates are as per the RBI guidelines issued in this regard from time to time.

 

NECESSARY DOCUMENTS REQUIRED TO APPLY FOR MUDRA LOAN?

1. PAN Card of applicant

2. Identity & Address Proof

3. Three/Two years Income Tax Return of applicant

4. Project Report for proposed business

 

For any guidance feel free to consult our expert at 011-65442500 or write us at info@e-startupindia.com

Read more about

Want to register a company?

Want to prepare business plan / project report?

Click here to read about NIDHI Scheme (Seed funds & Grant for Technology based startups)

Click here to read about Standup India (Funding for SC/ST/Women) 

Click here to read about Startup India (Funding for innovative business idea)

 

Comments





Posted By RAJESH SINGH PANWAR
Posted Date 2018-05-02 19:47:01

i have the 17 years of experiance in FMCG marketing now i stated my own FMCG trading co.with 26 employes in 3 state,i registered the firm name "TEAMICON MARKETING PRIVATE LIMITED" in 24 jun 2017 & my monthly turnover is 10 to 15 lakh.now i need the loan for expension my bussiness but due to low vintage i did not get any possitive response from any institution or bank.


Posted By Kiran Kumar
Posted Date 2018-05-26 21:17:43

Sir I want to start import export bussiness..can I get loan in mudra scheme...


Posted By nitin namdeo pawar
Posted Date 2019-08-02 15:50:11

Sir, I am an engineer but i have not a income more than 250000 so i am not filling ITR file .is there any supplementary document rather than ITR


Posted By Lina Merlina
Posted Date 2019-09-24 15:37:03

Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable condition from a genuine provider of professionals with over 16 years of experience. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc. With our financial/bank instrument you can establish line of credit with your bank and/or secure loan for your projects in which our bank instrument will serve collateral in your bank to fund your project. We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable and we work directly with issuing bank lease providers, this instrument can be monetized on your behalf for upto 100% funding. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved. All relevant business information will be provided upon request as fast as possible. BROKERS ARE WELCOME & 100% PROTECTED!!! If Interested kindly contact us via Email: mahoganylendinggroup@gmail.com Call: (431) 804-7964


Give a Reply

E-startupIndia Mobile App

Get latest update in your
pocket!

Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Get E-startupIndia in your mobile

Why choose E-startup India

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment conducive to the growth of business industry.

e-startupindia certified #Etstartupindia

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia  ZOHO Alliance Partner

E-startupindia is an affiliate alliance partner of ZOHO. Zoho Corp is famously known as an operating system of the business. It facilitates solutions to all the business problems in today's digital era.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

IN THE MEDIA

CONNECT WITH US