Prime Minister “MUDRA LOAN” Scheme is an ambitious scheme of the Indian government, which was implemented by Hon’ble Prime Minister Mr. Narendra Modi on April 8, 2015. The main slogan is “fund the unfunded”
The main purpose of this scheme 1. Providing low capital and non-capital based facilities 2. No minimum amount and maximum amount 10 lakh .
In order to get loans in the scheme, it is necessary to have the following qualifications– 1. Any person or group 2. Micro industry, small industry, manufacturing unit or service sector 3. Any unit which requires 10 lakh rupees 4. Business dissemination Any agricultural activity will also be eligible for this.
The following interest rate will be applicable in this scheme-
|Up to Rs.50000/-||MCLR+SP||(MCLR+SP)+0.50%|
|Above Rs.50000/- to Rs.2.00 lacs||(MCLR+SP)+0.50%||(MCLR+SP)+0.70%|
|Above Rs.2.00 lacs to Rs.10.00 lacs||(MCLR+SP)+0.70%||(MCLR+SP)+0.85%|
In this scheme three types of loans will be provided –
1. Shishu loan – Maximum amount up to 50 thousand rupees loan .
2. Kishor loan – loan up to Rs 5 lakh rupees .
3. given amount from 5 lakh rupees to 10 lakh in “Tarun loan” .
This plan cover Some areas such as transport, community service, personal service, food products, textile etc .
How to apply for this scheme –(i) Contact the district industry center of your district.
(i) In the any bank branch of your city you can also apply.