In Pradhan Mantri Mudra Yojana ie PM Mudra Yojana, loans are provided for small to big jobs. Looking at the employment status, PM Mudra Yojana has been divided into three categories – PM Mudra Shishu Yojana, PM Mudra Kishore Yojana (PM Mudra Kishore) and PM Mudra Tarun Yojana. Under PM Mudra Yojana, loans up to Rs 1,23,425.40 crore have been given so far in the year 2021-22.
PM Mudra Yojana: In order to provide work to every hand of the country, the central government is emphasizing on self-employment more than providing jobs. Instead of spending the whole life in the job, people should do their own business and give employment to other people, for this the central government has run many schemes. This includes providing any employment related training, promotion, providing market and financial help to create employment.
One such scheme is Pradhan Mantri Mudra Yojana. In PM Mudra Yojana, loans are provided from small to big jobs. Looking at the employment status, PM Mudra Yojana has been divided into three categories – PM Mudra Shishu Yojana, PM Mudra Kishore Yojana (PM Mudra Kishore) and PM Mudra Tarun Yojana.
Pradhan Mantri Mudra Yojana (PMMY-PMMY) was launched on April 8, 2015. This scheme has been started to provide loans up to 10 lakhs to non-corporate, non-farm small/small enterprises.
Through these schemes, you can take a loan of Rs 50,000 to Rs 10 lakh easily and at very affordable interest rates.
Loan up to Rs 50,000 is available in PM Mudra Shishu Yojana, Rs 50,000 to Rs 5 lakh in PM Mudra Kishore and Rs 5,00,000 to Rs 10 lakh in PM Mudra Tarun Yojana.
Under PM Mudra Yojana, loans up to Rs 1,23,425.40 crore have been given so far in the year 2021-22.
You can get information about this scheme in detail from the website of Mudra Yojana www.mudra.org.in or you can also collect information about this from your nearest bank.
PM Shishu Mudra Loan
- If you want to start a small business of your own or need less amount to increase the old work, then this scheme is for you. You can take a loan of Rs 50,000 under the Pradhan Mantri Shushi Mudra Loan Yojana.
- Under the Shishu Mudra Loan Scheme, a person can get a loan of up to Rs 50,000 for small work like opening a shop, doing business on street vendors.
- Under this scheme, small manufacturers, artisans, fruit-vegetable sellers, shopkeepers, persons associated with agricultural business, etc. can apply for loans. More information about the loan can be obtained from www.udyamimitra.in. You can get the application form for PM Shishu Mudra Yojana from this link- PM shishu mudra loan
- This loan is given for one year and if you repay this loan on time, then you also get a discount in the interest rates.
- No guarantor is required to apply for loan under PM Shishu Mudra Loan Scheme. No filing charges have to be paid. Yes, interest rates can vary. It depends on the banks. Nevertheless, there is an interest rate of 9 to 12 percent per annum under this scheme.
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