Pradhan Mantri Mudra Yojana www.mudra.org.in Full Info Online


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 LoansAny 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.

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