PM Mudra Loan Yojana Online Apply 2024: A loan scheme has been started by the government for all the citizens of the country to start their own business, which is called Pradhan Mantri Mudra Loan Yojana . This scheme has been started by the Prime Minister of our country, Narendra Modi. If you want to start a new business or want to expand your business further, then you can take a loan from Rs 50000.00 to Rs 10 lakh through PM Mudra Loan Yojana.
Through this scheme, the government is now providing loans to all the needy citizens with some easy terms and conditions of the banks. If you are unemployed and you do not have enough money to start your own business, then this will be a golden opportunity for you, you can start your own business by getting a loan under Pradhan Mantri Mudra Loan Yojana 2024 started by PM Modi.
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You can use the loan taken through PM Mudra Loan Yojana to start a new business or to expand your business further. This scheme will prove to be very beneficial for those citizens of the country who are still unemployed due to not getting a job. They can start their own business by taking a loan through this scheme. We will give you more information about it further.
PM Mudra Loan Yojana Brief Description
Name of the scheme | Prime Minister’s Mudra Scheme |
who started it | by the central government |
Beginning of the plan | 08 April 2015 |
Beneficiary | Small Business |
Loan | 50000 to 10 lakh |
official website | https://www.mudra.org.in/ |
Types of PM Mudra Loan Yojana
Under the PM Mudra Loan Scheme, the government provides 3 types of loans which are Shishu, Kishor and Tarun Loan. Under the PM Mudra Loan Scheme, the government provides a loan of up to ₹ 50,000 in Shishu Loan. Loans ranging from ₹ 50,000 to 5 lakhs are given on Kishor Loan and loans ranging from 5 lakhs to 10 lakhs are available on Tarun Loan.
PM Mudra Loan Yojana Benefits
- The entrepreneurs of the country will get good benefits from the Pradhan Mantri Mudra Yojana, in which they will get help in taking loans from banks. This scheme is providing them concessional rates for taking loans.
- Under the Pradhan Mantri Mudra Yojana of the Central Government, entrepreneurs are getting the opportunity to obtain a loan of up to Rs 10 lakh despite neglect from banks.
- Through this scheme, entrepreneurs will get an opportunity to get loans without the need for any guarantee. This will give them the freedom to start new businesses with financial stability.
- The countrymen will get an opportunity to start their own enterprise by getting a loan from the government through this scheme, which will help them to take a strong step towards self-reliance.
PM Mudra Loan Yojana Eligibility and Documents
- Applicant should not be less than 18 years
- Aadhar card
- Identification card of the applicant
- driving license
- PAN Card
- Voter ID card
- balance sheet of previous year
- sales tax return
- Income Tax Return
- Postal address
- mobile number
- Bank Account
PM Mudra Loan Yojana Features
- On 8 April 2015 the Prime Minister of India Shri Narendra Modi launched the Pradhan Mantri Mudra Yojana.
- Through this scheme, loans up to ₹ 10 lakh are available to non-corporate, non-agricultural small and micro enterprises.
- Mudra loan is available under Pradhan Mantri Mudra Yojana.
- These loans are provided by commercial banks, small finance banks and non-banking funding institutions.
- Shishu, Kishor and Yuva loans are provided under the scheme.
- Loan up to ₹50 thousand is available in Shishu Loan.
- In Kishor Loan, loan amount ranges from ₹50 thousand to ₹50 lakh.
- Amount ranging from ₹50 thousand to ₹10 lakh can be given in Tarun Loan.
PM Mudra Loan Yojana Activities
This loan is given under the Pradhan Mantri Mudra Yojana to increase income and employment. This loan is given for the following purposes:
- Business Loans for vendors, traders, shopkeepers and other service businesses.
- Working Capital Loan by Mudra Card
- Equipment financing to micro enterprises
- Transport vehicle loan for business use only.
- Agriculture related: Loans for non-agricultural income generation (like fish farming, bee keeping, poultry farming)
- Tractors and trailers were loaned two wheelers which were used only for commercial purposes.
- Loans for agriculture related non-agricultural income generation (like fish farming, bee keeping, poultry farming)
- Tractors and trailers were loaned two wheelers which were used only for commercial purposes.
PM Mudra Loan Yojana Scheme Card
Mudra card provides a kind of debit card by the bank to the card holders, through which they can easily withdraw money from their bank account. This card works like an ATM card and can also provide you a loan up to the prescribed limit from the bank in your name. Business capital requirements can be met through Mudra card and it can be used in a digital way. Apart from this, using Mudra card, beneficiaries can withdraw money from any ATM in the country, which helps them to meet their financial needs and can also make payments from point of sale machines.
How much loan will be available under PM Mudra Loan Yojana ?
If you want to take a loan under the PM Mudra Loan Scheme, then first of all let us tell you that under this scheme three types of loans ( Shishu, Kishor and Tarun) are given. Which is explained below –
- If you want to take a loan under Shishu Loan and apply, then you will be given a loan of up to ₹ 50000.
- If you apply for Kishor Loan Ithat, then you will get a loan ranging from 50 thousand to 5 lakhs.
- If you apply for a loan under Tarun Loan, you will get a loan ranging from Rs 5 lakh to Rs 10 lakh.
How to apply online for loan under PM Mudra Loan Scheme
If you are interested in applying online under PM Mudra Loan Scheme and want to take a loan, then you can apply by following the procedure given below –
- To apply for PM Mudra Loan online, first of all you have to visit its official website .
- When you reach the home page of this website, you will see three options of Shishu, Tarun and Kishore.
- Whatever type of loan you want to take, you have to click on that option.
- As soon as you click on any option, the link to the related application form will open in front of you.
- Now here you have to download the application form of PM Mudra Loan Scheme by clicking on the download option.
- After downloading the application form, you have to take its printout.
- After this, you have to read all the information asked in the application form carefully and fill it correctly.
- After filling the application form completely, you will have to attach all the required documents asked in it.
- Now you have to take this application form and submit it at your nearest bank.
- After this, after approval of your application by the bank employees, you will be given the benefit of PM Mudra Loan Scheme.
Prime Minister’s Mudra Scheme Toll Free Number
- First you need to visit the official website of Pradhan Mantri Mudra Yojana.
- Now the home page will open in front of you.
- You have to click on the Contact Us link on the home page.
- Now you have to click on the download link written next to the PMMY toll free number in a new page.
- As soon as you click on this link, all state wise toll numbers will be downloaded.
Prime Minister Mudra Yojana Login Process
- First you need to visit the official website of Pradhan Mantri Mudra Yojana.
- Now the home page will open in front of you.
- After this, you will have to click on the link of PMMY portal.
- Now the login form will open, where you have to fill your username, password and captcha code.
- In this way you will be able to login to the PMMY portal.
Frequently Asked Questions (FAQ)
Q1: What is the PM Mudra Loan Scheme? The PM Mudra Loan Scheme is a government initiative that provides loans to citizens of the country to start their own businesses. This scheme was launched on April 8, 2015, by Prime Minister Narendra Modi.
Q2: What is the loan amount available under the PM Mudra Loan Scheme? Under the PM Mudra Loan Scheme, there are three types of loans: Shishu, Kishor, and Tarun loans. Shishu loans offer up to ₹50,000, Kishor loans range from ₹50,000 to ₹5 lakhs, and Tarun loans range from ₹5 lakhs to ₹10 lakhs.
Q3: What are the eligibility criteria to obtain a loan? To obtain a loan, the applicant must be at least 18 years old. Required documents include an Aadhaar card, identification card, driving license, PAN card, voter ID card, previous year’s balance sheet, sales tax return, income tax return, postal address, mobile number, and bank account details.
Q4: How can I apply for a PM Mudra Loan online? To apply for a PM Mudra Loan online, visit the official website. Select the desired loan type (Shishu, Kishor, or Tarun) and download the application form. Fill out the form accurately, attach the required documents, and submit it to the nearest bank.
Q5: What is a Mudra Card? A Mudra Card is a type of debit card provided by banks to cardholders, allowing them to withdraw money from their bank account. It functions like an ATM card and can provide a loan up to the prescribed limit. The card can be used to meet business capital requirements digitally and withdraw money from any ATM in the country.
Conclusion
The PM Mudra Loan Scheme 2024 provides crucial financial assistance to citizens of the country to start or expand their businesses. This scheme offers loans up to ₹10 lakhs for non-corporate, non-agricultural small and micro enterprises. With different loan categories (Shishu, Kishor, Tarun), individuals can obtain loans tailored to their business needs. The primary aim of the scheme is to promote self-employment by providing financial stability, enabling individuals to become self-reliant and start their businesses.