Pradhan Mantri Mudra Loan Yojana Details

Pradhan Mantri Mudra Loan Yojana Details

PMMY Details, Apply and Documents, Interest Rates, Eligibility, Application Form, Scheme Details

Most people in our country do not even have a bank account even today. But due to the many new schemes of Prime Minister Narendra Modi, millions of people in India have opened their bank accounts and have done a lot of new things, so that the country can develop.

In order to explain the benefits of the bank account to the people, the Prime Minister started the Mudra Bank Loan Yojna on April 8, 2015, under which people are given voice loan to other banks. Money Laundering Scheme was started after the success of PM Jan Dhan Yojna.

MUDRA means the Micro Units Development and Refinance Agency That is, small businessmen who need a loan get a loan from the bank.

Under this scheme, small traders can get a loan from Rs 50000 to Rs 10 lakh. There are 3 stages in this scheme in which children (Rs. 50000), adolescent (Rs. 500000) and Tarun (Rs. 1000000) are given money in the loan.

Total PMMY Loans Sanctioned (Loan Acceptance) - 39701047 from the year 2016-17, out of which 180528.54 crores were approved and 175312.13 crores had been disbursed.

Prime Minister's Money Loan Scheme 2017-18 Pradhan Mantri Mudra Loan Scheme Documents, Interest Rates, Eligibility, Application Form, Procedure, Helpline Number

Stages for PMMY Details

1. Child  - Loan of more than 50000 rupees
According to the infant stage, loans are available to those people who are starting their business at the smallest level. The entrepreneur gets a loan of more than Rs 50,000.

2. Kishor - Loan of more than 5 lakh rupees
This is for those entrepreneurs who require up to Rs 50000-5000 for their business. These are Vologues who have started their business and need a little more money to take their business forward.

3. Tarun - Loan of more than Rs. 10 lakhs
In this, loans are given to those people who require more rupees ie 5 lakh to 10 lakh loans. This loan is given only by looking at the Eligibility Criteria.

Form for the Prime Minister's Money Scheme for Applying Pradhan Mantri Mudra Yojna
PMMY Application Form for Shishu Stage [Download Here]

PMMY Application Form for Kishor and Tarun Stage [Download Here]
Interest on loan for Prime Minister's money scheme Interest Rate for Prime Minister Mudra Yojana
There are no fixed interest rates for PMMY. These interchanges stay in the middle. It is different in your business and other-other banks.

For the right information about this, you can visit the official website of Prime Minister Money Scheme. - http://www.mudra.org.in/

How to apply for Pradhan Mantri Mudra Loan Yojana?

There is no such main method for applying for the Prime Minister's money scheme. If you want to take a loan according to this scheme, then you have to go to the bank and talk about it.

In the bank, you will be given a Form Fillup. You can tell about your business and get the right currency loan and also your business machines.

Who can apply for Pradhan Mantri Mudra Loan Yojana scheme?
⚫ This loan is for small traders only.
⚫ This loan can apply any more than 18 years of age.
⚫ This loan is not given for educational purposes and purpose.
⚫ You can take a loan for your commercial vehicle but you can not take a loan for the personal                vehicle.


National Toll-Free Number for Pradhan Mantri Mudra Loan Yojana

18001801111
1800110001

The government has introduced the Mudra Loan Card under PMMY for easy and working capital transactions. It can be used as a Credit Card because already it is loan Approved.

This card is given in Rupay Platform. You can also withdraw money from ATM with the help of this card, Swipe and do shopping too.



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