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There is a great news for all the citizens living in the country who want to start their own business. Such people can now take a loan of ₹50000 to 10 lakh rupees without pledging anything.
The provisions for repaying the loan are also quite simple, so that the beneficiary does not have to face much trouble. Modi government had started Pradhan Mantri Mudra Loan Yojana for such people in the year 2015. Under this scheme, lakhs of people across the country are doing their business by taking loans on easy installments. Such people are not only earning themselves, but also giving employment to others.
People willing to take PM Mudra Loan will have to apply online. People willing to do their business can get the loan by applying online. For this, you will have to go to the official website of PM Mudra Loan and provide information as per the instructions. After completing all the formalities, you will be eligible to take a loan of Rs 50 thousand to 10 lakh. To ensure that no one can manipulate the loan amount, the loan amount is transferred online to the beneficiary’s bank account. This ensures that the entire loan amount reaches the beneficiary’s account.
Promoting self-employment
Pradhan Mantri Mudra Loan Yojana was started by PM Narendra Modi. Through this scheme, all the youth living in the country who want to start their own new business, all those youth are given loans to set up new business through this scheme. Through the Pradhan Mantri Mudra Loan Yojana, loans ranging from ₹ 50000 to 10 lakh rupees are transferred directly to the bank account of the interested beneficiary.
Empowered youth
The main objective of PM Mudra Yojana is to make the youth of the country empowered and self-reliant. Through which all those people or youth are given loans from ₹ 50000 to 10 lakhs directly in the bank account. Through this, they will get a lot of help in taking their own business forward. With this, the youth not only start their own business, but also create new employment opportunities for others.
Online application
To take advantage of PM Mudra Yojana, one has to apply online. Youth are given a loan of up to Rs 10 lakh directly in the bank account under PM Mudra Yojana, so that the youth can become self-reliant by starting their own business and create a favorable environment for startups. Under this scheme, loans are provided at a very cheap interest rate.
Required documents
Aadhaar card
Income certificate
Caste certificate
Residence certificate
Identity card
Mobile number
Email ID
Own photo
