Loans up to 10 lakhs will be available under Mudra Loan Check Details mhpw News WAALI

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Bombay, August 7: Many people want to start their own business. But money stands in the way. Because doing business means big investments. If you too are thinking of starting a business, then this news is for you. The central government provides financial assistance to start new businesses. Today we are going to tell you about this special government scheme. Under this program, you can start your business with financial assistance ranging from 50,000 to 10 lakhs.

E Mudra Loan Program

Mudra Karj Yojana is a popular program run by the government. A loan facility is offered to you under this scheme. In this case, you can easily get a loan. In addition, you can obtain a loan without guarantee and you do not have to pay application fees.

There will be huge savings on online purchases, various offers are available on these special credit cards

What is the Interest Rate of Mudra Loan?

Banks may charge different interest rates for foreign currency loans. Generally, the minimum interest rate is 12%. There are 3 types of loans available. You can avail the benefits of PM Mudra loan in 3 steps.

Loan available in three phases

Child Loan Program– Under this program, you will get a loan up to Rs 50,000.
Kishore Loan Program– Under this scheme, you are availed of loan amount ranging from Rs.50,000 to Rs.5 lakh.
Youth Loan Program– He can borrow from 5 lakh to 10 lakh rupees. This program was launched especially for small entrepreneurs. Shop owners, fruit/vegetable sellers, small industries, catering units, workshops, machine operators, food processing units can benefit from the scheme.

Canara Bank customers are affected; As the interest rate of the loan increases, the EMI will increase

How to get a loan?

You can take this loan from all government banks, private banks, rural banks and cooperative banks. RBI has authorized 27 public sector banks, 17 private banks, 31 rural banks, 4 cooperative banks, 36 micro-finance institutions and 25 NBFCs to disburse Mudra loans. You can visit the official website http://www.mudra.org.in/ to get a loan. By downloading the form from here, you need to fill in all the details and upload the required documents. The bank branch manager takes information about your work. PMMY issues your loan on this basis.

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