Pradhan Mantri Mudra Yojana (PMMY) An important scheme of the Government of India is aimed at small and micro businesses Financial aid They have to empower them by providing them. Under this scheme, Non-corporate and non-agricultural sector Small enterprises of 10 lakh rupees Loan is given up to. The currency loan is proving to be a boon for small traders, shopkeepers, service providers, artisans and other micro entrepreneurs.
Now this loan can also be applied online, which has made the process even easier and transparent. This article Prime Minister Mudra Loan online application process, eligibility, profit, required documents, and scheme Other important aspects Will explain in detail in simple Hindi. If you also want to start your business or want to expand PM currency loan You can be a great option for you.
PM currency loan apply online
The Pradhan Mantri Mudra Loan Scheme is a government scheme that provides loans to small and micro enterprises without any guarantee. The objective of this scheme is to provide capital for business to the economically weaker sections so that they can become self -sufficient. The currency loan is divided into three categories:
- Baby (shishu): Loan from 0 to 50,000 rupees
- Teen (Teen): Loan from 50,001 to 5 lakh rupees
- Tarun: Loan ranging from 5 lakh to 10 lakh rupees
This loan is given through bank, NBFC, Micro Finance Institutions etc. Currency loan can be used for business expansion, purchasing new equipment, buying raw materials, and other business needs.
PM Mudra Loan Scheme
| Description | Acquaintance |
|---|---|
| Name of the scheme | Pradhan Mantri Mudra Yojana (PMMY) |
| Loan amount | 50,000 to 10 lakh rupees |
| Loan categories | Baby, Teen, Tarun |
| Eligibility | Small and micro business, non-corporate, non-agricultural sector |
| Interest rate | Banks and financial institutions decide, according to RBI |
| Application medium | Online (venture friend portal) and bank branch |
| Required document | Identity card, address proof, business documents etc. |
| Guarantee / Security | Non -generally required guarantee |
Online application process
- Go to the venture friend portal: First of all visit the official website of PM Mudra or venture friend portal (www.udyamimitra.in).
- Register: Enter your name, mobile number and email ID as a new user and verify through OTP.
- Select the type of loan: Choose the option from baby, teenage or Tarun loan as per your need.
- Fill in personal and business information: Fill your name, address, business name, nature of business (manufacturing, service, trading etc.).
- Upload documents: Upload the required documents like identity card, address proof, business license, photo, signature etc.
- submit application: After filling the complete information, submit the application. The application number will be received, which is handled for the future.
- Contact with bank: After the application, contact the bank or financial institution and complete the loan process.
Required document
| Document Name | Description |
|---|---|
| ID Proof | Aadhar card, PAN card, Voter ID, Passport etc. |
| Address proof | Electricity bill, telephone bill, ration card, bank passbook etc. |
| Business documents | Business Registration Certificate, License, GST Registration etc. |
| Passport Size Photo | Recent color photo (2 per) |
| Bank statement | Last 6 months bank statement |
| Income certificate | Income tax returns, sales tax returns (if applicable) |
Benefits of PM Mudra Loan Scheme
- Government -backed scheme: The scheme is fully supported by the government, which increases trust.
- Simple and quick application process: Online application makes the process faster and transparent.
- low interest rates: The interest rate is lower than other commercial loans.
- Non-Girvi Loan: Most cases do not require guarantee or security.
- Promotion of business: Small businesses get financial help, which creates employment.
- Loan in three categories: Loan categories are available as per business needs.
Eligibility for PM Mudra Loan
- Should be a citizen of India.
- There should be business in non-corporate, non-agricultural sector.
- The business should be of micro or small level.
- There should not be a defaulter in a bank or financial institution.
- There should be skills or experience related to business as required.
Categories of PM Mudra Loan
| Category | Loan amount | Benefit |
|---|---|---|
| Infant | 0 to 50,000 rupees | Suitable for new businessmen or small businesses |
| Teenager | 50,001 to 5 lakh rupees | Suitable for business expansion |
| Youth | 5 lakh to 10 lakh rupees | For large business expansion or new projects |
Noted things while applying
- No agent or mediator: The Mudra scheme does not include an agent or an intermediary, so beware of an agent.
- Give correct and complete information: The application can be canceled by giving incorrect information in the application.
- The documents should be correct and updated.
- Keep the application number handled: This is necessary to know the status of the application in future.
Frequently asked questions (FAQs)
- Can I apply online?
Yes, you can apply online by visiting the venture friend portal. - Do I have to guarantee for loan?
Usually the baby and adolescent loans do not require guarantee. - What is the maximum amount of loan?
A loan can be received up to a maximum of Rs 10 lakh. - What documents do I want for a loan?
Identity card, address proof, business documents, bank statement etc. - Can I apply again?
If your application is already, you can re -apply after 30 days.
conclusion
The Pradhan Mantri Mudra Yojana is an effective scheme to empower small and micro businesses financially. The online application process has made it even more simple and accessible. If you also want to start your business or want to expand, the PM Mudra loan is a great opportunity for you. Keep in mind that while applying all the documents are correct and complete, and beware of any type of agent or intermediary.
Disclaimer: The Pradhan Mantri Mudra Loan Scheme is a real and government scheme run by the Government of India. The scheme is designed to provide financial assistance to small businesses. There is no fraud or forgery in the plan, but only use official portals and bank branches while applying and avoid agents or intermediaries.
