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Mudra Loan Starts from Rs. 4999

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Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.gstcindia.com Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

Leverage government benefits for small and medium businesses through MSME registration and access to the MUDRA loan scheme.

• MSME/Udyog Aadhaar Registration

• MUDRA Loan Assistance

Maximize the benefits available to small businesses by registering as an MSME.

Collateral-free loans – No collateral or security is required by the banks/NBFCs from the borrower
Low-interest rates with Nil to nominal processing fees
Concessional interest rates for women entrepreneurs
Loans covered under Credit Guarantee Schemes from Govt. of India
Can be used as Term loans, Working capital loans, and Overdraft facilities
All Non-farm enterprises, i.e. Small or Micro firms engaged in income-generating activities can avail Mudra loans
Mudra loans can also be availed by people belonging to SC/ ST/ Minority category at special interest rates

Duly filled application with passport-sized photographs
KYC documents of Applicant and Co-applicants: Passport, Voter’s ID card, Aadhar Card, Driving License, PAN card, Utility Bills (Water/Electricity Bills)
Proof of belonging to a special category, such as SC/ ST/ OBC/ Minority, etc. (if applicable)
Last 6 months’ bank statement
Business address and tenure proof, if applicable
Any other documents required by the Bank/NBFC

List of Businesses covered under Mudra Scheme

Commercial Vehicle: Mudra finance for Machinery/Equipment can be used to purchase commercial transport vehicles like tractors, auto-rickshaws, taxis, trollies, tillers, goods transports vehicles, 3-wheelers, e-rickshaws, etc.
Service Sector Activities: Starting businesses of salons, gyms, tailoring shops, medical shops, repair shops, dry cleaning and photocopying shops, etc.
Food and Textile Product Sector Activities: Various activities involved in the respective sector, such as papad, achaar, ice cream, biscuits, jam, jelly, and sweets making, as well as for agriculture produce preservation at the rural level
Business activities for Traders and Shopkeepers: Setting up shops, service enterprises, trading and business activities, and non-farm income-generating activities
Equipment Finance Scheme for Micro Units: Maximum loan up to Rs. 10 lakh
Agri-allied Activities: Activities related to businesses in agri-clinics and agribusiness centers, food & agro-processing units, poultry farming, pisciculture, beekeeping, sorting, livestock-rearing, grading, aggregation agro-industries, dairy, fishery, etc.

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