PM Business Loan Yojana: Business loan can be taken to start your business


PM Business Lone Yojana: If you want to start your own business but you do not have enough capital then do not worry. You can take advantage of the central government scheme and start your business. Today we are providing information about one such scheme of the Central Government, by taking advantage of which you can start your own business.

The name of this scheme we are talking about Prime Minister Business Loan Scheme Is. Under this scheme, you can take a loan to start your business. If you also want to take advantage of this scheme, then definitely see our news till the end. After getting complete information from here, you will be able to take a loan easily and can start your business.

You can take a business loan to start your business

The Pradhan Mantri Business Lawn Scheme is a scheme of the Government of India under which non-agricultural, micro and small enterprises are launched on affordable terms. Through this scheme, it helps to bring enterprises into formal financial systems. These lawns are provided by commercial banks, RRBs, small finance banks, MFIs and NBFCs. Three types of loans are available under this scheme. Gym baby, teen and Tarun are included. Under these three classes, different loans are available to you.

The repayment period ranges from 12 months to 5 years

Under this scheme, a maximum of Rs 10 lakh. The loan amount is obtained. Money loan To take, the applicant does not need to submit any security to banks or loan institutes. The applicant can pay this loan up to 5 years. That is, the repayment period of the loan is up to 5 years. The processing fees in it are either zero or very low.

This can be used as a term loan, working capital loan and overdraft features. All non-farm enterprises, ie small or micro firm can take a business loan. Scheduled Castes/Scheduled Tribes/Minority Class people can take this loan at special interest rates.

पशु लोन योजना फॉर्म लिंक

Documents required to apply

  • Fully filled application form with passport size photo
  • KYC documents of applicants and co-applicants including passports, voter ID cards, Aadhaar cards, driving license, PAN card, utility bill (water / electricity bill).
  • If the applicants are from a special category i.e. SC/ST/OBC/Minority, then the proof of this (if applied)
  • Last 6 months bank statement
  • In which place the business is, its address and how many years has been going on, if the proof is implemented
  • Another necessary documents sought by bank or NBFC

How to apply for Prime Minister Business Loan to take a business loan

If you also want to apply under the Pradhan Mantri Business Loan Scheme, then applications can be made for loan in government, private, foreign, cooperative, and regional rural banks as well as the nearest branch of NBFC or MFIS. If you want, you can also apply through online medium. The bank which already has your account, you should apply for the same loan. You can download the application form by visiting the loan website.

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