Pradhan Mantri Mudra Yojana
Dear candidates you should know that MUDRA Yojana
stands for Micro Unit Development and Refinance Agency is the public
sector
financial institution of India which founded by Prime Minister Shri Narendra
Modi. Through this agency government provides
loans to those applicants who want to start their business or any other career
in order remove unemployment.Dear candidate we are telling you that headquarter of MUDRA is available in Mumbai city. This scheme gives loans to a middle-class category in order to develop without any guarantee. Under this scheme, one may grab loan up to Rs. 10,00,000 Lakh. It was introduced for the biggest increase of entrepreneurship in the Non-Corporate Small Business zone (NCSB) which gives financial support to this zone.
More than ninety percent of this sector does not have
access to formal sources of finance. Therefore, via MUDRA Bank a statutory
enactment for the needs of the NCSB segment or the informal zone for starting
them in the mainstream. Dear peoples Pending enactment of an act for MUDRA
Bank, a Non-Banking Finance Company as MUDRA Ltd has been set up as a
subsidiary of SIDBI.
Vision: To be an integrated financial and
support services provider par excellence benchmarked with global well practices
and standards for the bottom of the pyramid universe for their comprehensive
economic and social development.
Mission: To make an inclusive, sustainable and
value-based entrepreneurial culture, in collaboration with our partner
institutions in achieving economic success and financial security.
Purposes: Our basic purpose is to do growth in
an inclusive and sustainable manner by supporting and promoting partner
institutions and making an environment of increase for microenterprises sector.
Gives funding to the several sector for growth and developments in public zones
as well as private sector.
The offering of
Funds and interests:
MUDRA gives loans with limited funds in three categories:
- Shishu: It covers loan up 50, 000 rupee.
- Kishor: It covers loan up 50, 000 rupee to 5, 00, 000 rupee.
- Tarun: Its covers loan up 5, 00, 000 rupee to 10, 00, 000 rupee.
Limits
|
Micro Enterprises
|
Small Enterprises
|
Up to Rs.50000/-
|
Base Rate
|
Base Rate+0.50%
|
Above Rs.50000/- to Rs. 2.00 lacs
|
Base Rate+0.50%
|
Base Rate+1.00%
|
Above Rs.2.00 lacs to Rs.10.00 lacs
|
Base Rate+1.00%
|
Base Rate+1.25%
|
Bank
Participations:
- Central Banks
- State Banks
- Rural Banks
- Private Banks etc.
Eligibility of Availing Loans: Any Indian candidate
who want to start a business plan for a non source of income such as
manufacturing, processing, trading or service sector whose credit need is less
than Rs. 10 lakh they can approach either a Bank, MFI or NBFC for availing
of MUDRA loans under PMMY (Prime Minister Mudra Yojana). The usual durations
and conditions of the lending agency may have to be followed for availing of
loans under PMMY as well as banks also.
Some
Banks with their interest rates and tenures:
Mudra Loan Bank
|
Interest rate
|
Tenure
|
HDFC
|
12.75% to 20%
|
1-5 years
|
HDBFS
|
15.95% to 18.95%
|
1-3 years
|
Tata Capital
|
13.49% to 19.50%
|
1-5 years
|
Kotak Mahindra Bank
|
11.5% to 18%
|
1-5 years
|
Capital First
|
13% to 20%
|
1-5 years
|
Citibank
|
12.75% to 15.75%
|
1-5 years
|
IndusInd Bank Ltd
|
12.99% to 18.25%
|
1-5 years
|
Fullerton
|
19.50% to 37%
|
1-4 years
|
Standard Chartered Bank
|
12.50% to 17%
|
1-5 years
|
ICICI Bank
|
11.49% to 17.50%
|
1-5 years
|
Aditya Birla Finance Ltd
|
14%
|
1-3 years
|
Allahabad Bank
|
13.70%
|
1-5 years
|
Bank of Baroda
|
14.15%
|
1-3 years
|
Bank of Maharashtra
|
15.20%
|
1-3 years
|
Bank of India
|
12.7% to 14.7%
|
1-3 years
|
Canara Bank
|
13.65%
|
1-3 years
|
Central Bank
|
12.70%
|
1-3 years
|
Dena Bank
|
13 % to 14%
|
1-3 years
|
IDBI Bank
|
12.75% to 13.75%
|
1-5 years
|
Indian Bank
|
12.65% to 13.65%
|
3 years
|
Indian Overseas Bank
|
14.70%
|
1-5 years
|
Karur Vysya Bank
|
13.9% to 16.40%
|
1-3 years
|
Oriental Bank of Commerce
|
11.2% to 12.95%
|
1-5 years
|
South Indian Bank
|
14.80%
|
1-4 years
|
State Bank of Bikaner and Jaipur
|
13.2% to 14.2%
|
1-5 years
|
State Bank of Hyderabad
|
15.25% to 15.75%
|
1-3 years
|
State Bank of India
|
17.80%
|
1-4 years
|
State Bank of Mysore
|
16.90%
|
1-3 years
|
State Bank of Patiala
|
12.65% to 14.65%
|
1-5 years
|
State Bank of Travancore
|
13.2% to 13.45%
|
1-5 years
|
Tamilnad Mercantile Bank
|
14.4% to 16.4%
|
1-5 years
|
UCO Bank
|
14.1% to 15.1%
|
4-5 years
|
Union Bank of India
|
14.4%
|
1-5 years
|
Vijaya Bank
|
13.7%
|
1-5 years
|
How
to apply for Pradhan Mantri Mudra Yojana:
- Indian citizens may get the application form any bank (including Government Banks and Private Banks).
- Now candidates should fill up the application form with whole required details.
- Now read again and attached all they documents as Aadhar Card, Voter Id Cards, Marks sheet etc with photographs passport size.
- Press on the “Submit” tab and you receive funds within 15 days available in your bank saving account.
Features
of this scheme:
- Helping in developments and growths of business and career.
- Reasonable interest rate that everyone can pay in reverts.
- Security of funds
- Loans without guarantee.
- Anyone can take loans.
Note: If you want to get latest info about Pradhan Mantri Mudra
Yojana then check this web page time to time.
Take a Look on Below Table
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