A lot of people in the nation aspire to launch their own company. Lack of capital, however, is the largest obstacle to launching a firm. Many people are unable to realize their desire to launch a business because of this financial limitation.
The 'Pradhan Mantri Mudra Yojana' is a great program that the indian government has introduced to address this problem.
Keep in mind that corporate or agricultural loans are not covered by the PM Mudra Yojana if you want to apply for one.
Loans under this program are exclusively available for launching your own company.
Here's what to do right now and what will happen if someone doesn't pay back the loan!
Loans are divided into three categories under the PM Mudra Yojana: Shishu, Kishor, and Tarun.
• You are eligible for a loan of up to ₹50,000 under the Shishu category.
• Loans up to ₹10 lakh are available under the Kishor category.
• Loans up to ₹20 lakh are available under the tarun category.
• You must be at least eighteen years old to be eligible for the Pradhan Mantri Mudra Yojana.
• You must visit a bank and present your project report and business strategy to qualify for a loan under this program.
To avail of the benefits of the PM Mudra Yojana, you must have the following documents:
• business Plan
• Project Report
• Copy of Filed Income Tax Returns
• Copy of Self-Tax Return
• Aadhaar Card
• Identification Card
• PAN Card
• Proof of Permanent and business Office Address
• Without these documents, your application may be rejected.
The 'Pradhan Mantri Mudra Yojana' is a great program that the indian government has introduced to address this problem.
Keep in mind that corporate or agricultural loans are not covered by the PM Mudra Yojana if you want to apply for one.
Loans under this program are exclusively available for launching your own company.
Here's what to do right now and what will happen if someone doesn't pay back the loan!
Loans are divided into three categories under the PM Mudra Yojana: Shishu, Kishor, and Tarun.
• You are eligible for a loan of up to ₹50,000 under the Shishu category.
• Loans up to ₹10 lakh are available under the Kishor category.
• Loans up to ₹20 lakh are available under the tarun category.
• You must be at least eighteen years old to be eligible for the Pradhan Mantri Mudra Yojana.
• You must visit a bank and present your project report and business strategy to qualify for a loan under this program.
To avail of the benefits of the PM Mudra Yojana, you must have the following documents:
• business Plan
• Project Report
• Copy of Filed Income Tax Returns
• Copy of Self-Tax Return
• Aadhaar Card
• Identification Card
• PAN Card
• Proof of Permanent and business Office Address
• Without these documents, your application may be rejected.
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