PM Mudra Yojana: The Government of India has now started a loan scheme of up to Rs 10 lakh for people of small and large industries. In this scheme, you can get an easy loan of up to Rs 10 lakh without any fees and processing. To get this loan easily, read the full article and fill the form and get the loan.

 

What documents will be required to get a loan under the Honorable Prime Minister's PM Mudra Yojana and what are the eligibility criteria and what is the application process, what is the specialty of this loan, we have told you all the information in detail.

 

Benefits of PMMY loan

 

  • Loan can be obtained for micro and small industries.
  • PM Mudra Yojana loan does not require any security or commitment,
  • There will be no processing fee for taking PM Mudra Yojana loan, you will get the loan absolutely free of cost,
  • You can get the loan for needs that are financed or not financed,
  • You can get the loan for various projects,
  • There is no minimum loan amount,

 

Features of PM Mudra Loan

 

  • There are three types of PM Mudra loans: Shishu, Kishor and Tarun.
  • To get Shishu loan, an amount of up to Rs 50,000 is given,
  • To get Kishor loan, the bank provides a loan of ₹50,000 to ₹500,000,
  • To get Tarun loan, a loan of ₹500000 to ₹10 lakh is given,
  • There is no minimum loan amount for PM Mudra Yojana, the maximum amount you can get is Rs 10 lakh. You can get a loan of Rs 10 lakh,
  • No processing fee or document fee,
  • This loan can be taken for industries.

 

PM Mudra Loan Eligibility

 

  • All non-commercial industries are eligible, 
  • Both micro entrepreneurs and small industries are eligible,
  • In income generating activities,
  • Manufacturing and trade and services are eligible,
  • People who need up to Rs 10 lakh for their industry can take this loan.
  • From 2016, the loan process for agricultural work has been included in the PM Mudra scheme, now they will also be able to get loans,

 

Mudra Yojana Loan Documents

 

  • The PM Mudra Yojana form has to be filled and submitted to the bank
  • All documents of the loan applicant like PAN card and Aadhar card and driving license and proof of identity and address,
  • Bill and ID card photo and bank account diary and account number IFSC code,
  • License or ID card and address of your industry to get the loan,
  • Your industry image and proof of loan requirement in the industry,
  • The subject or industry in which the loan is required.

 

PM Mudra Yojana Loan Register

 

  • Download Mudra Yojana Loan Form,
  • Prepare all the above documents and go to your bank branch,
  • Go to the same bank branch where the bank account is already open, i.e. if you have an industry account then you can go there,
  • Tell the bank manager about your industry loan requirements,
  • Give all the documents to the bank manager,
  • Fill the Mudra Yojana Loan Form,
  • Submit the documents along with the form to the bank employees.
  • The bank employees will upload the loan form online and then the loan process will start.


The following eligibility is required to get PM Mudra Yojana Loan and after all the documents are ready, go to your nearest branch in which you already have a bank account and show the documents and your loan requirement, thus you can get loan under this PM Mudra Yojana,