Pradhan Mantri Mudra loan Scheme 2022

Pradhan Mantri Mudra loan Scheme 2022- apply online

Pradhan Mantri Mudra loan Scheme 2022- apply online

We will give you information about Pradhan Mantri Business Loan Scheme. Pradhan Mantri Mudra Loan Scheme (PMMY). That is a central government scheme started in the year 2015.

This loan is provided to people who want to start their business. The government has started Pradhan Mantri Mudra Loan Yojana 2022.

Pradhan Mantri Mudra loan Scheme 2022

You can give complete information about Prime Minister Mudra Loan, so you should read this article till the end.

Mudra Loan Subsidy is started for small businesses, but they do not have money to start a business.
If you suffering from a capital problem to start your business, then get a loan under Pradhan Mantri Mudra Loan Yojana. The main objective of PMMY is to promote self-employment and to create employment through small businesses.

Any person eligible for the Prime Minister’s Business Loan Scheme of the Central Government can apply for it. If you want to forward existing business, you can still take advantage of the Pradhan Mantri Mudra scheme.

Purpose of PM Mudra scheme

You can give complete information about Prime Minister Mudra Loan, so you should read this article till the end.

Mudra Loan Subsidy is started for small businesses, but they do not have money to start a business.
If you suffering from a capital problem to start your business, then get a loan under Pradhan Mantri Mudra Loan Yojana. The main objective of PMMY is to promote self-employment and to create employment through small businesses.

Any person eligible for the Prime Minister’s Business Loan Scheme of the Central Government can apply for it. If you want to forward existing business, you can still take advantage of the Pradhan Mantri Mudra scheme.

Features of PM Mudra Loan scheme

  • Under Mudra Yojana (PMMY), you can take a loan of up to Rs 10 lakh.
  • The bank provides loans without a guarantee because guaranteed by the government.
  • If anyone who wants to start a business can take advantage of this scheme.
  • The special thing about Mudra Yojana is that out of four people who take loans in this, three are women.
  • No processing charge for a loan in Mudra Yojana.
  • The loan repayment period is extended for 5 years.
  • There are three main types of Mudra loans (Shishu Loan, Kishore Loan, and Tarun Loan).
  • You can apply for a Mudra loan by visiting any nationalized bank in the country.
  • The minimum loan amount is not fixed.
  • The loan given under the Mudra loan scheme is given by commercial banks, RRBs, small finance banks, MFIs, and NBFCs.

Who can take a loan under the Mudra loan scheme?

Those who want to start their own business or want to advance their business, such people can take a maximum loan of up to Rs 10 lakh under this scheme.

Interest Rate

The interest rate is not fixed. The interest rate may be different in different banks. But generally, the minimum interest rate is 12%. The interest rate also depends on the business and risk appetite of the borrower.

Mudra Loan Types

There are three main types of Mudra loans given under the Pradhan Mantri Mudra Yojana (PMMY), which are as follows:

  • Shishu Loan: A loan up to a maximum of Rs 50,000 is given. This loan is given to people starting their businesses and looking for financial help.
  • Kishore Loan: Rs 50,000 to Rs 5 lakh. This loan is given to start their business but has not established it.
  • Tarun Loan: An amount of Rs 5 lakh to Rs 10 lakh. People whose business has been established but want to carry it forward.

Mudra card

When you apply for a Mudra loan and your application is approved, then after that, you are given a Mudra card. A recall card is similar to a debit card. If needed, you can withdraw money from ATM with the help of this card.

Mudra loan eligibility

  • small manufacturing enterprise
  • fruit and vegetable seller
  • shopkeeper
  • Artisan
  • Activities allied to agriculture, such as fisheries, beekeeping, poultry, livestock rearing, grading, sorting, agro-industry aggregation, dairy, fisheries, agricultural clinics, agri-business centers, food, and agro-processing, etc. (crop credit, excluding land) canal, irrigation and improvements like wells, etc. are eligible for this loan.

Documents Required

  • Aadhaar Card / Voter ID / Passport 
  • application form
  • business plan
  • income proof
  • Address of business, proof of office if applicable.
  • passport size photo
  • Address proof
  • Mobile number, it is necessary to link your mobile number with Aadhaar. You can link the Aadhar card link with your mobile number.
  • Email ID
  • KYC documents of applicant and co-applicants
  • SC, ST, OBC, minority certificate (if applicable)

Where can I get a Mudra loan?

Under the Pradhan Mantri Mudra Loan Yojana (PMMY), you can get loans from banks or lending institutions, which are as follows:

  • public sector banks
  • Regional Rural Banks
  • Institutions Offering Microfinance
  • private sector banks
  • state-run co-operative bank
  • Financial companies other than banks

How to apply online?

If you also want to get a Mudra loan under PM Loan Yojana 2022 (PMMY) and want to apply online for it, then follow the steps given below:

  1. You have to visit the official website mudra.org.in.
  2. The option of UdyamiMitra will appear in the option of QUICK LINKS on the home page of the website, click on it.
  3. 3. After clicking, a new website will open in front of you.
  4. 4. The option of Apply Now will appear in the option of Mudra Loan on the home page of the website, click on it.
  5. A new page will open in front of you. On this page, you will see the option of Apply here for Registration in the option of Apply for MUDRA Loan, click on it.
  6. After clicking, a registration form will open in front of you.
  7. In this form, you will first see three options which are as follows: New Entrepreneur, Existing Entrepreneur, and Self Employed Professional.
  8. You can select any option at your convenience.
  9. After that enter, the information sought in the form such as the applicant’s name, email, and mobile number, and click on Generate OTP.
  10. An OTP will be sent to your mobile number, you have to enter that OTP on the next page and click on Verify OTP.
  11. On the next page, the registration form will open in front of you. You have to enter all the information asked in the form correctly and click on submit.
  12. After doing this, your dashboard will open in front of you. Now you will see the option of Apply Now, click on it.
  13. All three loan categories will be open in front of you. In the loan for which you want to apply, click on the option of Apply Now.
  14. Pradhan Mantri mudra yojana application form will open in front of you. You have to fill in the information asked in the form carefully and click on the option of Next.
  15. Then some more information will be asked in front of you, which you have to give one by one and click on the option of Next.
  16. Now you have to upload your documents and click on submit details option. you can apply for Pradhan Mantri Mudra Yojana Loan 2022.

How to apply offline?

If you do not want to apply online, then you can also apply offline, for this you follow the steps given below:

  • First of all, you have to go to your nearest bank or institution which is providing a loan.
  • After going there you will have to get the Prime Minister Loan Scheme Application Form.
  • Enter all the information asked in the form correctly.
  • Attach your documents and submit the form there.

PMMY Login Process

  • you have to visit the official website.
  • The login option will appear on the home page of the website, click on it.
  • The login form will open in front of you on the new page.
  • you have to enter your username, password, and captcha code and click on login.

What are the benefits?

If you have read this article completely, then you must have come to know that what are the benefits we can get from this scheme, but here we know some benefits in detail:

  • Any person who wants to start his own business can take a loan of up to Rs 10 lakh under this scheme.
  • There are three main types of Mudra loans under this scheme.
  • You can apply for a loan in this scheme both online and offline.
  • You can extend the loan repayment tenure up to 5 years.
  • Those people who are dreaming of starting their own business, their dream will be fulfilled.

Corporate Governance Viewing Process

  • You have to visit the official website.
  • The corporate governance option will appear on the home page of the website, click on it.
  • After clicking on the next page, related information will come in front of you.
  • You can download them by clicking on download.

FAQ/Frequently Asked Questions

Q.1. What is PM Mudra Yojana?

Ans. It is a central government scheme, and loans are provided to small businessmen to start a business.

Q.2. How much is the interest on the Mudra loan?

Ans. The interest rate may be different in different banks. You can go to the bank or find out from the helpline number of the bank.

Q.3. What do I have to do to get a Mudra loan?

Ans. You have to apply online or offline to take a Mudra loan.

Q.4. Who can take Mudra Loan?

Ans. Small businessmen who want to start their business or want to advance their business.

Q.5. How much loan is available in Pradhan Mantri Mudra Yojana?

Ans. You can get a maximum loan of up to Rs 10 lakh under this scheme.

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