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The government of India has launched a flagship Scheme named Pradhan Mantri Mudra Yojana that aimed at providing loans of up to 10 Lakhs or even more for non-farming/micro and non-corporate enterprises. This step is taken to support small businesses and strengthen the economy of our country. The best part about this loan is that no collateral or security is required and with that, no processing charges are there. PMMY can be availed from commercial banks, small financing institutions, and NBFCs. This is a feature-packed scheme with easy eligibility criteria and quick disbursement.
If want to apply for a Pradhan Mantri Mudra Yojana , you must meet the following criteria.
Age Limit | The applicant should be min 21 years & max. 65 years. |
Income | Business should be profit making at least for the past 3 years |
Turnover | Rs. 250,000 p.a. should be the minimum annual income |
Co-applicants | Business should be profit making at least for the past 2 years |
Audited | We accept only audited financials by CA. |
Cash flow | On the other hand, we denounce with righteous indignation. |
Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Pradhan Mantri Mudra Yojana, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
Yes, you can apply for a PMMY loan online on the government’s portal or through the portals of
banks.
Three types of loan options are there under the scheme i.e., Shishu, Kishor, and Tarun.
The interest rate charged varies depending on the banks. However, as per the government’s guidelines, the interest rates charged are reasonable.
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