Wed. Jul 17th, 2024

Mudra Loan Details - Pradhan Mantri Mudra Yojana | Business Loan - No Collateral #shorts #loan

Mudra Loan Details - Pradhan Mantri Mudra Yojana | Business Loan - No Collateral #shorts #loan

Looking for a business loan? We got you covered. You can apply for mudra loan online and get upto 10 lakhs with no collateral. This is now made possible with Pradhan Mantri Mudra Yojana (PMMY) Micro Units Development & Refinance Agency Limited, or MUDRA, a scheme launched to provide loans upto 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, Cooperative Banks, MFIs and NBFCs.

There are 3 eligibility categories for mudra loans under the PMMY scheme:
1)Shishu - covering loans upto Rs 50,000 to start your business.
2)Kishor- covering loans above Rs 50,000 and upto Rs 5 lakh for your existing business
3)Tarun- covering loans above Rs 5 lakh and upto Rs 10 lakh which is for your extension of your business.

You can now avail this loan by visiting the bank nearest to you or you can apply online here:
https://web.umang.gov.in/landing/department/pradhan-mantri-mudra-yojna-pmmy.html

Documents you need to apply for the mudra loan under the PMMY are Bank statements, Identity Proof, Educational Qualification. But to avail loans under the schemes Kishor and Tarun you need to submit documents such as your Balance sheet of past two years along with a projected balance sheet of the upcoming year.

Did you know about this PMMY scheme? Let us know in the comments section below.

Want to watch more videos like this? Subscribe to Navi now!

To Download the Navi App: https://apps.navi.com/Nerp/mflvl4or
#loans #mudraloan #pmmy #mudrayojana #businessloan #pmmudraloan #pmmodi #government #navi

If you found this video helpful, do subscribe to our YouTube Channel.
For more information, here are a few of our blogs that you can read:
👉 https://navi.com/blog/

👉 Website: https://navi.com/

👉 LinkedIn: www.linkedin.com/company/go-navi
—------------------------------------------------------------------------------------------------------------------
Subscribe 🔔 to the Navi YouTube Channel & watch the best videos on Personal Finance (Insurance, Loans, Investments and Money Management).
—------------------------------------------------------------------------------------------------------------------
Navi-pedia videos aim to simplify important money matters so that you can make correct financial decisions. If you liked our video and it has helped you in any way please do like, comment and subscribe to our channel to know and understand more about health insurance, personal loans, home loans and mutual funds. If you have any other questions do not hesitate to drop them in the comments section below and we will try our best to answer them.

Related Post