PM Mudra Loan Yojana 2024 : Do you have entrepreneurial aspirations but are constrained by money? The Mudra Loan Scheme is the solution that the Central Government has come up with. You can obtain a loan with this initiative for between Rs. 50,000 and Rs. 10 lakh. We are available to assist you in understanding the PM Mudra Loan Scheme 2024 so that you can fully benefit from it.
To apply for the PM Mudra Loan Scheme 2024, you’ll need specific documents. Don’t worry, we’ve compiled a comprehensive list in this article to simplify the application process for you. Whether it’s Rs. 50,000 or Rs. 10 lakh, this scheme aims to assist you in realizing your entrepreneurial aspirations.
Understanding that accessibility is important, the application process for PM Mudra Loan Scheme can be done online or offline. We will provide you with information about both methods, ensuring that you can easily apply for this scheme and take advantage of the opportunities it offers. Don’t let financial constraints hinder your entrepreneurial journey—apply today and take advantage of this scheme.
PM Mudra Loan Yojana 2024 Benefits :
- Applications for the PM Mudra Loan Scheme 2024 are invited from all unemployed youth and citizens who want to start their own business .
- Loans ranging from Rs. 50,000 to Rs. Rs 10 lakh is easily available under this scheme.
- The nominal interest rates that beneficiaries receive lessen the burden of repaying their loans.
- Through the PM Mudra Yojana, young individuals can foster self-reliant development by pursuing ventures of their choice.
- Take advantage of this scheme by applying and unlocking its benefits for your entrepreneurial journey.
Various Loan Providing Institutions :
Now we want to tell you about those institutions from which you can apply to get a loan, which are as follows :-
- Public Sector Banks
- Private Sector Banks
- State Run Cooperative Bank
- Regional Rural Banks
- Institutions offering micro finance
- Financial companies other than banks
With the help of all the above mentioned institutions, you can apply for loan under this scheme.
Types of PM Mudra Loan Yojana 2024 :
- Shishu Loan : Covering loans up to Rs. 50,000/-
- Kishore Loan : Covering loans from Rs. 50,001 to Rs. 5,00,000/-
- Tarun Loan : Covering loans from Rs. 5,00,001 to Rs. 10,00,000/-
This breakdown ensures that you can select the loan type that best suits your needs and convenience when applying.
Documents Required :
- Aadhaar Card/PAN Card of the Applicant
- Mobile Number
- Passport Size Photograph
- Income Certificate
- Caste Certificate
- Address Proof
- Email ID
Eligibility Criteria :
- Applicant must be an Indian Citizen
- Applicant must be at least 18 years of age
- Applicant should not be a defaulter of any bank
PM Mudra Loan Yojana 2024 Apply Online
- Visit the official website of PM Mudra Loan Scheme at mudra.org.in/.
- On the homepage, you’ll find options such as “Mudra Loans” and “APPLY NOW”.
- Click on “Apply Now” Button.
- You’ll be directed to a new page where you need to enter the required information and complete OTP verification.
- After verification, you’ll be prompted to select the desired loan amount.
- Next, fill out the application form provided.
- Scan and upload all the necessary documents as per the instructions.
- Once documents are uploaded, click on the submit option.
- You’ll receive a confirmation message indicating the loan amount will be deposited into your bank account.
Apply Offline for PM Mudra Loan Yojana 2024 :
Step 1 : To apply offline for PM Mudra Loan Yojana 2024, first of all you will have to go to your nearest bank branch.
Step 2 : After coming here, you will have to get the PM Mudra Yojana 2024 – Application Form which will be like this –
Step 3 : Now you have to fill this PA Mudra Application Form carefully,
Step 4 : All the required documents will have to be self-attested and attached with the application form.
Step 5 : Finally, you have to submit all your documents and application form at the same bank branch and get the receipt etc.
By following these steps diligently, you can easily apply for the PM Mudra Loan Scheme through offline mode.