Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana Launched In the year 2015 By the Prime Minister Modi. PM Mudra Yojana Is Giving Funding Up to 10 Lacks Rs For Starting the Business. The Main Aim Of this Yojana Is to Unable Micro Finance Institution, Non Banking financial Institution, Small Finance Bank, Commercial Bank, Co-operative Bank Etc to Provide Low Rate Loans to Eligible entities.

We will inform you the detailed Information about Pradhaan Mantri Mudra Yojana.

Mudra - Micro Units Development & Refinance Agency Ltd.

This Loan is basically for them who want to start Business in Non farming Sector With Income Generating Activities.

  • Manufacturing
  • Process
  • Trade
  • Service sector
  •  Any Other Filed With credit Demand Is Less than 10 lacks.

Pradhan Mantri Mudra Yojana Is Divided By three types Of Products

  1. Shishiu: In this Product Beneficiary Will get Fund Up to 50000 Rs
  2. Kishor: In this Product Beneficiary will get Fund above 50000 to 500000 Rs.
  3. Tarun: In this Product Beneficiary Will get Above 500000 -1000000 Rs.

Mudra Loan Could Be Availed For the Following:

Vehicle Loan: Applicant Get Loan for the Commercial Vehicle Loan, car Loan and Two Wheeler.

Business Installment Loan: Loan for Working Capital Requirement, Buying Plants and Machinery, Renovating Offices Etc.

Rural Business Credit: Under the Scheme and Will Drop Line Drop Draft, Over Draft, and working Capital Loans.

Document Required:

For Vehicle Loan:

  • Mudra Loan Form
  • Loan Application Form
  • 2 Passport size Photograph
  • Photo Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement (Last 6 Month)

Business Installment Loan:

  • Mudra Application Form
  • BIL Application Form
  • Photo Identity Proof
  • Address Proof
  • Establishment Proof
  • Bank Statement (Last 6 Month)
  • Ownership proof Of Residence/Office
  • Proof of Continuity of Business
  • Proof of Qualification
  • Trade Reference
  • 2 Years of ITR
  • CA Cirtified Financial

Business Loan Group And Rural Business Credit:

  • Mudra Application Form
  • BIL/RCB Application Form
  • Photo Identity and Age Proof
  • Address Proof
  • Ownership Proof Of Residential / Office
  • Business Vintage Proof
  • Bank Statement (Last 12 Month)
  • Income Tax Return( Last 2 Years)