Mudra Yojana apply online

Mudra Yojana apply online: The Prime Minister of India Shri Narendra Modi launched the Pradhan Mantri Mudra Yojana on 8 April 2015. Since the launch of this scheme by the Government of India, so far Tk 28.81 crore has been disbursed to beneficiaries and up to Tk 15.10 lakh crore to banks and financial institutions. Under this scheme, guarantee-free loans of up to Rs. 10 lakhs are given under a total of three categories. These three categories are children, adolescents and young adults.

Currency Scheme:

In 2020, India’s economy was shaken due to the pandemic. To revive the economy, the Government of India launched Swanivar Bharat Abhiyan. Under this campaign, it was decided to give 2 percent interest subsidy to child borrowers under Pradhan Mantri Mudra Yojana. As per the Reserve Bank’s plan last year, borrowers were allowed to stop repaying loans due to the coronavirus outbreak. After the expiry of the moratorium period all the borrowers covered by the scheme will be given the benefit of interest subvention scheme. This benefit will be provided for twelve months.

Mudra Yojana apply online : Overview

Name of the schemePrime Minister’s Currency Loan Scheme
underCentral Government of India
departmentGovt Scheme
PMMY available categoriesChildren, teenagers, young people
Status of the schemeStill available
OBJECTIVES OF THE SCHEMELoan disbursement without guarantee

Types of Currency Schemes:

  • Child Loan – Beneficiaries will be given a loan of up to Rs 50,000 under this type of Mudra Yojana
  • Kishore Loan – Under this type of Mudra Yojana, loans ranging from Tk 50,000 to Tk 50,000 will be provided to the beneficiaries.
  • Tarun Loan – Under this type of Mudra Yojna, loans ranging from Tk 50,000 to Tk 10,000,00 will be provided to the beneficiaries.

Mudra Yojana : List of lending banks

  • Allahabad Bank
  • Bank of India
  • ICICI Bank
  • Corporation Bank
  • J&K Bank
  • Syndicate Bank
  • Punjab and Sind Bank
  • Andhra Bank
  • Union Bank of India
  • Dena Bank
  • Bank of Maharashtra
  • Karnataka Bank
  • IDBI Bank
  • Tamil Nadu Mercantile Bank
  • Punjab National Bank
  • Canara Bank
  • Axis Bank
  • Indian Bank
  • Saraswat Bank
  • Kotak Mahindra
  • Bank of Baroda
  • UCO Bank
  • Federal Bank
  • Central Bank of India
  • Indian Overseas Bank
  • HDFC Bank
  • Oriental Bank of Commerce
  • Union Bank of India
  • State Bank of India

Mudra Yojana Application Form

This Yojana is launched by the Prime Minister, the Central Government had prepared a budget of Rs 3 lakh crore out of which Rs 1.75 lakh crore of loans have been disbursed so far. No additional payment is required for taking loan under this scheme. The loan repayment period under this scheme has been extended up to 5 years. Under the Pradhan Mantri Mudra Yojana, the people of the country are given a Mudra Card for availing currency loans . In this article we will know how you can get this Mudra Card and discuss in detail about the eligibility, documents etc. required to get this Mudra Card.

Advantages of Mudra Yojana:

This central government scheme has many benefits. The benefits that the beneficiaries can avail under this scheme are:

  • Any citizen of India who wants to start a small business can take this loan
  • Under this scheme the citizens of the country will get facility of taking loan without guarantee to start their business
  • No processing charges are charged for availing this loan
  • The repayment time limit after disbursement of loan under Mudra Yojana is up to five years
  • The borrower will get a Mudra Card under this scheme, which can be used to meet business needs

Read More, Khadya Sathi Schem Online Apply

Mudra Yojana Online Application: Required Documents

All these documents are required for Pradhan Mantri Mudra scheme online application

  • Aadhaar Card
  • PAN card
  • Applicant’s permanent address
  • Proper credentials of business address and organization
  • Balance sheet of last three years
  • Income Tax Return and Self Tax Return
  • Passport size photograph

Mudra Yojana Online Application Procedure:

Follow the following process to apply Pradhan Mantri Mudra Yojana online

  • To apply online first you need to go to the official website from your mobile or desktop browser .
  • After visiting the website, a homepage will appear in front of you
  • On the homepage you can see Yojana types which are –
  • After selecting the particular option another new page will appear in front of you
  • From that page you can download your application form
  • After downloading the application form, take a print out of it
  • Every important information should be filled perfectly in the printed out application form
  • All the required documents should be attached with the filled application form
  • The applicant has to submit the documents and application form to the nearest bank
  • The applicant can take loan from the bank within 1 month after the application form of the applicant is verified by the bank

1 thought on “Mudra Yojana apply online”

Leave a Comment