The Kalamkar

PMMY: If you want to start your own business, you can easily get a loan of Rs 10,0000 here

Today inflation has increased so much that all the financial needs are not fulfilled by the salary. In such a situation, own business is the best option. If you want to start your own business but are not able to start the business due to low budget, then there is no need to worry. The government has started many such schemes under which loans are given to those starting a new business. Today we are going to tell you about one such government scheme. From where you can easily get a loan of Rs 10 lakh. Let us know in the news below-

modi ki gurntee

The Kalamkar NEWS (Bureau). If you want to start your own business, but are short of money, then you can take advantage of the Central Government's PM Mudra Yojana. Under Pradhan Mantri Mudra Yojana (PMMY), loans up to Rs 10 lakh are given to non-corporate, non-agricultural small or micro enterprises. These loans are called Mudra Loans. These loans are distributed by commercial banks, RRBs, small finance banks, MFIs and NBFCs. Customers can also apply for Mudra Loan online by visiting portal.

There are 3 categories in PM Mudra Yojana

Loans are available under three categories in PM Mudra Yojana. Children, teenagers and young adults. These categories are decided based on the growth/development and funding needs of the beneficiary micro unit or enterprise. Shishu Loan covers loans up to Rs 50,000. This category includes those entrepreneurs who are either in the initial stage or who still need less funds to start their business.

Loans up to Rs 5 lakh are available in Kishore category. This category includes those entrepreneurs who have already started their business and want more money to expand their business. The third category is of Tarun Loan. It covers loans up to Rs 10 lakh. This is the highest amount given in Mudra loan.

How is business?

Small Manufacturing Enterprise

Fruit and Vegetable Vendors
Farming related activities like fish farming, beekeeping, poultry, dairy, pisciculture, agricultural clinics and agribusiness centres, food and agro processing, etc.
How to apply for Mudra Loan

You can apply for Mudra loan by visiting the bank branch. Apart from this, you can also apply online by visiting Udyam Mitra portal Here you have to register. After applying, your application will be visible to many lending institutions. To apply for Mudra Loan, important documents like address proof, ID proof will be required. The bank will give you a loan considering the assessment of your business, risk factors and your financial capacity. 

State-run co-operative banks,
regional sector, rural banks,
institutions offering micro finance and
financial companies other than banks.