One Stop Guide for Mudra Loan: Introduction, Eligibilty and Procedure
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honourable Prime Minister of India, Mr Narendra Damodardas Modi on April 8, 2015.
If you own a small business and want to have sufficient funds to make your business grow and flourish and need a strong financial backing? Then this scheme may help you grow.
The aim of the scheme is to provide loans up to 10 lakh to the micro units that is the non-corporate, non-farm small enterprises who have the potential and ability to grow but lack financial support. Micro-units include all the small organizations, companies and start-ups in India. The Mudra Loan cannot be taken for personal requirements, educational assistance, personal vehicle or by rich businessmen.
The most common examination of the micro-units is that they lack ...