MUDRA LOAN’S LATEST GUIDE IN 2021, YOU WILL REGRET MISSING!

Mudra Loan – The best kind of loan for MSMEs. Mudra Loan helps you fulfill your working capital needs and develop your company.

What is Loan?

A loan is a form of credit instrument. An amount of money is given to another party in consideration for the future return of the loan’s value or principal amount..

What is the general process to get loans?

Firstly, When someone needs funds to pay for their expenses, they apply for a loan from a bank or company, government or another institution.

What is the general process to get loans?

Firstly, When someone needs funds to pay for their expenses, they apply for a loan from a bank or company, government or another institution.

Type of Loans

Firstly, When someone needs funds to pay for their expenses, they apply for a loan from a bank or company, government or another institution.

What is Mudra Loan?

The Micro Units Development and Refinance Agency (MUDRA) Loan Scheme or Mudra Loan under PMMY, or Pradhan Mantri Mudra Yojana, is a government programme that provides loans to people and MSMEs through banks and NBFCs.

What is MSME?

MSME is an acronym that stands for Micro, Small, and Medium Enterprises. In a developing country like India, MSME industries are the engine of economic growth.

Classification of MSMEs as per MSME Registration

Previously, the MSME categorization was based on factors such as investment in plant and machinery or equipment

Understand the products under Mudra Loan

The Mudra loan is available in three different varieties: Shishu, Kishor, and Tarun

Shishu Yojna – 1st Product under Mudra Loan

Micro or small company owners have the greatest benefit in this category since they can apply easily for up to Rs. 50,000.

Kishor Yojna – 2nd Product under Mudra Loan

Applicants can apply for loans ranging from Rs. 50,000 to Rs. 5 lakhs.

Tarun Yojna2nd Product under Mudra Loan

Tarun Yojna is a plan that provides financial assistance in the form of loans across any small company owner wanting to develop their firm.

What are the benefits of Mudra Loan ?

Mudra Loan is the greatest choice for obtaining loans. The reason being it offers multiple benefits as this plan also guarantees that small enterprises receive tailored financial assistance from banks, 

What are the features of Mudra Loan?

There are multiple features of Mudra Loan that make it different from other government schemes.

What are the documents required for Mudra Loan

Aadhar Card,Utility bill,2 Passport Photo,Caste Certificate,Pan card, Application Form

What are the documents required for Mudra Loan

Aadhar Card,Utility bill,2 Passport Photo,Caste Certificate,Pan card, Application Form

What is the purpose of Mudra Loan for eMudra Loan SBI?

MUDRA loans can be used for a variety of purposes, including job creation and revenue generation. Micro, small, and medium-sized companies (MSME) also contribute significantly to the country’s economy.

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