PM Mudra Loan Scheme: The coronavirus epidemic has caused a lot of damage to the country’s economy. While the growth of digital media has greatly enhanced the property of the owners of many big companies, there has also been a huge loss to small shopkeepers and daily earners. A lot of people may need a loan to cover their losses or to start a business. The government has launched the Pradhan Mantri Mudra Loan Scheme (PM Mudra Loan Scheme). Under the scheme, loans up to Rs. 10 lakh are being given to the requirements.
Loans up to Rs 10 lakh to promote entrepreneurship
Under the Pradhan Mantri Mudra Loan scheme, the government is helping people who start their own business or business. That is, the main objective of the scheme is to promote entrepreneurship in India. Under the scheme, people who start business will be given loans up to Rs 10 lakh for the purpose of helping their business. The scheme, launched with the objective of starting small enterprises, is giving loans ranging from 50 thousand to 10 lakh to the needs so that they can make a great start.
What are the terms of the government?
With the intention of giving loans for entrepreneurship, the central government has launched the Pradhan Mantri Mudra Loan scheme, through which loans are being given to needy people but the government has also laid down certain conditions to provide loans to the people. The first and for the first and for all, the person taking the loan should earn at least Rs. 17, 000 a month. In addition, the person taking the loan should have a job record of up to 2 years. In addition, the person applying for the loan should be a permanent citizen of India.
Further, as per the information received, the applicant’s business should be non-agricultural. That is, the applicant cannot apply for this loan for agriculture and allied activities. It is also being reported that no corporate institution can apply for this loan. That is, by and large, the Pradhan Mantri Mudra Loan scheme is only for those who want to start their business.
