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The budget for the monsoon session was presented on Tuesday. In which the Finance Minister made a big announcement regarding the Mudra scheme. Mudra loan, which was earlier limited to Rs 10 lakh, will now be increased to Rs 20 lakh. Those taking money loans will get direct benefit from this. Mudra Yojana is a scheme launched by the Prime Minister mainly to start a new business.
What is a Mudra Loan?
Pradhan Mantri Mudra Loan is given by the central government to citizens starting a new business. Through this scheme, loans are provided to individuals to start and expand their business. Under this scheme, earlier an amount of up to Rs 10 lakh was given to a person as a loan. But the new scheme introduced on Tuesday Budget In 2015, Finance Minister Nirmala Sitharaman increased the loan amount to Rs 20 lakh.
This scheme was launched in 2015. This scheme is mainly beneficial for those people who are not able to start their own business due to lack of money. Under this scheme, a card is given to the beneficiary. Which is used like a debit card. With the help of which the businessman can spend for his business.
Several types of plans
There are three types of Pradhan Mantri Mudra Loan Yojana. There are three types of loans- Shishu, Kishor and Yuva. If you come in the Shishu category, then you will be given a loan of up to ₹ 50000. If you come in the Kishor category, then you will get a loan from Rs 50 thousand to Rs 5 lakh. And if you come in the Tarun category, then you will be given a loan from Rs 5 lakh to Rs 10 lakh. Which will now be increased.
apply like this
To apply online under Pradhan Mantri Mudra Loan Yojana, pay attention to these things. First of all you have to visit its official website. On the home page of this website, you will find three options of Infant, Teen and Teen. If you want to take any type of loan, then click on the option. When you click on any option, you will get the link of the related application form. There you have to download the PM Mudra Loan Yojana application form by clicking on the download option.
After downloading the application form, you have to take a printout of it. After this, you have to carefully read and fill all the information asked in the application form. After filling the application form completely, attach all the required documents in it. Take this application form and submit it to your nearest bank. After that, after your application is accepted by the bank employees, you will be given the benefit of Pradhan Mantri Mudra Loan Yojana.
