Today I would like to inform you about a loan . We will get this loan without any pledge. This scheme is called mudra yojana. We will get Rs 10 lakh through this loan.We can start a business with this loan.
Mudra yojana is a supporting development of micro enterprise sector in our country.Pradhan Mantri mudra yojana is launched on 2015. The purpose of this scheme is give loans to non corporate, nonfarm small enterprises. Midra loans providing loans up to 10 lakh to eligible Enterprises. We can get this loans from co operative banks, commercial banks, NBFC,MFI RRBS,etc.
Do not required any collateral for this loan. No processing charge for this loan. Mainly this loan has 3 types. Sishu loan is the loan for the business starting peoples. They will get the maximum loan up to Rs 50,000.Provide this loan for machines.documents like valid quotation is necessary.
Second category is kishore loan. This loan gives to expand their business. They will get the loan from Rs 50,000 to Rs 5 lakhs. Previous balance sheet,bank account statement,technical viability project is necessary.
Third category of this scheme is Tarun. This loan gives for who are well established themselves in business and looking for growth. They will, get loans from Rs 500001 to Rs 10 lakh. The documents like identity proof, address proof, caste certificate are necessary to get this loan.
Non farming enterprises
Non corporate enterprises
Manufacturing engaged peoples
They will check the cibil score. If you have above 700 cibil score, you will get this loan. It is mainly two types . Long term loan and working capital loan. Its interest rate is 7 to 12 %. We can repay this loan within 84 months.We can repay within 1 year.