PM Mudra Yojana:- Welcome to the blog on PM Mudra Yojana, the flagship scheme of the Pradhan Mantri Fasal Bima Yojana (PMFBY). This blog is designed to provide you with updates on the scheme and help you understand its key features. We also aim to provide you with tips and advice on how to maximise the benefits of PM Mudra Yojana for your business. So, whether you’re a small business looking to take advantage of the scheme’s many benefits or a large corporation looking to invest in rural areas, this blog is for you.
To get complete notification about PM Mudra Yojana, you have to read our article carefully till the final. Because today in our article you will be told how you can apply for it. Along with this, step-by-step notification about eligibility has also been provided to you. Don’t forget to bookmark our web portal to get all the notification about it first.
PM Mudra Yojana
The Hon’ble Prime Minister launched the Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015, which aims to offer loans of up to ten lakh to non-corporate, non-farm small/micro enterprises. MUDRA loans under PMMY are the type of loan that these are. Commercial Banks, Rural Banks, Small Finance Banks, Cooperative Banks, MFIs, and NBFCs are all giving out these loans. The borrower may apply online via this portal or contact one of the above-mentioned lending institutions. To represent the status of growth/development and financing requirements of the beneficiary micro unit/entrepreneur, as well as serve as a benchmark for the next phase of accomplishment/growth, MUDRA has developed three products: ‘Shishu,’ ‘Kishore,’ and ‘Tarun.’
This plan has been launched at the national level, for which only citizens of India can apply. This plan was launched by our Prime Minister Shri Narendra Modi Ji on 8th April 2015. Under this scheme, you can get a loan of up to Rs 10 lakh. For which small businesses or enterprises can put in. In this scheme, loans are make available to you through Commercial Banks, RRBs, Funding organization, etc.
PM Mudra Yojana Details
| Organization Name | PM Mudra Yojana |
| Year | 2023 |
| Category | Government Scheme |
| Official Site | www.mudra.org.in |
About PM Mudra Yojana
The government of India’s flagship program, Pradhan Mantri Mudra Yojana (PMMY), aims to “fund the unfunded” by bringing such businesses into the formal financial system and providing them with affordable credit. It enables a small borrower to obtain loans of up to Rs 10 lakhs for activities that do not generate income for the farmer from any Public Sector Bank, including PSU banks, regional rural banks, cooperative banks, private sector banks, foreign banks, micro finance institutions, and non-banking finance companies (NBFC). The Hon’ble Prime Minister launched the plan on April 8, 2015.
The 2015 launch of the Pradhan Mantri Mudra Yojana aims to regulate microfinance institutions (MFIs) and provide small business owners with credit up to Rs 10 lakh. Mudra focuses on young workers with a high level of education or skill as well as entrepreneurs, including women. The plan’s goal is to make it easier for Non-Corporate Small Business Sectors (NCSBS) to get financial help so that they can help grow the economy and create jobs. The loans are easily available in the Shishu, Kishore, and Tarun categories to represent the beneficiary microunit’s or entrepreneur’s stage of growth or development and funding requirements. They also serve as a point of reference for the next phase of graduation or growth.
Check Also: Aadhar Card Download by Name And Date
PM Mudra Yojana
It is widely known that an entrepreneur requires a significant quantity of money to start, operate, and expand a company. Entrepreneurs of the future, on the other hand, may find it difficult to obtain sufficient financing for their company. The Indian government created the Pradhan Mantri MUDRA Yojana (PMMY) to fund entrepreneurs and young businesses. A Mudra loan is what the organization offers, which is what it’s called. Public and private sector banks, NBFCs, small banks, rural banks, scheduled banks, and cooperative societies registered under the PMMY scheme are allowed to approve and disburse the Mudra loan. Shishu, Kishore, and Tarun are the three products that have resulted from the PMMY program. Each of them has distinct eligibility criteria depending on their age level. On the portals of most banks that are properly licensed to provide the MUDRA loan, the Pradhan Mantri Mudra Yojana application form is now accessible.
Bank Covered under PM Mudra Yojana
- Union Bank of India
- State Bank Of India
- Andhra Bank
- UCO Bank
- Bank Of Baroda
- Central Bank Of India
- HDFC bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Union Bank of India
- Bank Of Maharashtra
- Dena Bank
- Allahabad Bank
- Bank of India
- Corporation Bank
- Punjab National Bank
- Tamil Nadu Mercantile Bank
- Axis Bank
- Canara Bank
- Federal bank
- Indian Bank
- ICICI Bank
- J&K bank
- Punjab And Sind Bank
- Syndicate Bank
- IDBI Bank
- Karnataka Bank
- Kotak Mahindra Bank
- Saraswat Bank
How to Apply PM Mudra Yojana Online?
If you’re looking to apply for the government’s PM Mudra Yojana online, you’ve come to the right place. In this blog post, we’ll walk you through the process of applying online and explain all the details you need to know. We’ll also provide tips on how to prepare for your application and make sure you have everything you need to successfully submit it. So whether you’re new to online applications or just need a little help getting started, we’ve got you covered.
- First of all, you have to go to the official web portal, www.mudra.org.in.
- On the home page, you have to select Shishu, Kishor, or Tarun loan.
- After selecting, a new page will open in front of you.
- Where you have to download the request form.
- Along with downloading you have to take out the copy of the form.
- Then you have to fill in all the particular asked in the form exactly right.
- Along with this, you will also have to upload all the paper. Then the application form has to be submit to your nearest bank.
- After the verification of the request, the loan will be make available to you within 1 month.
Benefits of PM Mudra Yojana
- If you want to begin your small business then you can easily get a loan through this scheme.
- After applying, you will be given a mudra card through which you can easily meet the business needs.
- Through this scheme, you will be on condition that a loan without any guarantee.
- Processing charges will also not be charged in PMMY.
- In this plan, the loan repayment period can be extended up to 5th years.
Check Also: Telangana Rythu Bandhu Status 2023
Eligibility Criteria for PM Mudra Yojana
- This is only available to a select few.
- For this plan to work, you must be a business owner.
- To apply, you must be at least 18 years old and have a birthdate between those years.
- You may easily apply if the job is in the agricultural sector.
Documents Needed for PM Mudra Yojana
- Aadhar card
- Address proof
- PAN card
- Business address
- Proof of establishment
- Last three years’ balance sheet
- Income tax returns
- Self tax returns
- Passport-size photograph, etc.
Loan Types of PM Mudra Yojana
- Shishu Loan
- Kishor Loan
- Tarun Loan
Related Posts:-
BBMP Property Tax Online Payment 2023
Startup India Registration 2023 Fee
UP Voter List 2023 Name Search
Manav Garima Yojana 2023 Online Form
Great Article Thanks