Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024: The central government has launched a loan scheme called the “Pradhan Mantri Mudra Loan Scheme” to encourage all individuals to set up their own businesses. This initiative was launched by the Prime Minister of our country, Narendra Modi. The Pradhan Mantri Mudra Loan Scheme allows you to get a loan of up to Rs 50,000 to start a new business or finance an expansion of the existing business, and loans up to Rs 10,00,000 are available to you. Under this scheme, the government now lends money to anyone who needs it, and its banking requirements are relatively relaxed. In this article, we will be discussing more about this scheme that you must know in detail.
If you are currently unemployed and do not have the funds to start your company, this would be a great option as we have already mentioned about it in this article above. Under the Pradhan Mantri Mudra Loan Scheme in 2024 that was initially announced by the Prime Minister of India, Shri Narendra Modi, if you can get a loan, you can start your own business. With the help of this scheme, people who meet the requirements can get a loan in just five minutes, allowing them to get started in any crisis. Your loans can also be approved in just a few minutes and you would be able to get the loan amount received on your respective bank accounts.
You can easily apply for the Pradhan Mantri Mudra Loan scheme from the comfort of your home, i.e., you can apply online. You will fill out the application form and upload a few scanned documents, and then you will be able to download the application form in PDF format. You may also take a printout of that application form, which can be useful for future references. There are several steps to apply for the scheme, wherein you can visit the website of the scheme at “https://www.mudra.org.in/” and follow the steps that we will explain in brief later. Below is the overview table that will give you an idea of the Mudra Loan scheme and other details.
Table of Content
Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024 – Overview
| Scheme Name | Pradhan Mantri Mudra Yojana |
| Scheme Initiated | Central Government |
| Country | India |
| Scheme Proposed | Prime Minister of India |
| Prime Minister’s Name | Shri. Narendra Modi |
| Plan Start Date | 8th April 2015 |
| Beneficiaries | Small Businessmen/Unemployed |
| Loan Options | Shishu, Tarun, and Kishor |
| Loan Amount (Min) | Rs. 50,000 |
| Loan Amount (Max) | Rs. 10,00,000 |
| Application Procedure Mode | Online |
| Application Form | Available |
| Application Form Download Format | |
| Application Form Printout | Available |
| Official Website (PM Mudra Yojana) | https://www.mudra.org.in/ |
As we have already mentioned earlier, the Pradhan Mantri Mudra Yojana was proposed by the Indian Prime Minister and initiated under the Central Government of the country. The plan for this scheme was started on April 8, 2015, and with the help of this scheme, every unemployed individual or small businessperson who is planning to start a business will get a loan amount received on their respective bank accounts after instant approval from the scheme authorities. You can get a minimum loan amount of Rs. 50,000 and a maximum of Rs. 10,00,000, as we have mentioned above. You should simply visit the website, which is already given above, and apply to get the loan as early as possible. If you have any difficulties, please visit the website, locate the contact details, and try to contact the authorities to resolve them. For more information, kindly continue reading this article completely for better understanding.
Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024 – How to Apply?
Following are the important steps that you should know to apply for the Pradhan Mantri Mudra Loan scheme in 2024 in detail, one by one:
- First of all, you must open any internet browser and visit the official website of PM Mudra.
- Then, you need to locate three options, and those options include the Shishu, Tarun, and Kishor schemes, wherein you must click on any of the loan options as you wish.
- After that, an application form link will be displayed right in front of your screen, wherein you are required to fill out the application form, download it in PDF format, and if possible, take a printout of it for future reference.
- Now, you are required to upload a few scanned documents that are essential while applying, and the filled-out application form needs to be submitted either online or once the printout is taken. You can carry the documents with the form and visit the nearest bank for quick approval.
- Once the bank approves the loan, you will receive the specific loan amount in your respective bank accounts.
Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024 – Loans Under Scheme
To begin with, we need to inform you that the PM Mudra Loan Scheme offers three types of loans: Shishu, Tarun, and Kishor. Following are the loan options that can be explained, one by one:
- You can borrow up to Rs. 50,000 to apply for the Shishu loan.
- Kishore loans are one example of a lender offering amounts ranging from Rs 50,000 to Rs 5,00,000.
- Between Rs 5,00,000 and Rs 10,00,000 is the loan amount you can get from Tarun Loan.
Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024 – Documents Required
You must please ensure that you include all required documentation with your Pradhan Mantri Mudra Loan Scheme while applying for the application procedure. These documents should include the full application form with passport-size photographs. Know customer (KYC) documents can include an Aadhaar card, passport, voter ID, driving license, or PAN card, as well as proof of address in the form of water or electricity bills, any past bank details for the past twelve months, proof of income, and other documents the lending company may require.
Frequently Asked Questions – Rs. 50,000 to Rs. 10 Lakh Mudra Loan 2024
Ans: Pradhan Mantri Mudra Yojana provides loans to businesspeople or unemployed people.
Ans: There are three loan options available for the PM Mudra Loan Scheme.
Ans: Shishu, Kishore, and Tarun are available for the PM Mudra Loan Scheme.
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