Pradhan Mantri Mudra Loan Yojana – Apply for Mudra Loan Online or PMMY is a flagship scheme of the Government of India to extend affordable credit to micro and small enterprises.Mudra schemes are designed to bring enterprises into the formal financial system, or to “fund the unfunded”.
Pradhan Mantri Mudra Loan Yojana
Loans under PM mudra loan scheme are available to non-farm micro or small enterprises engaged in income generation through manufacturing, trading and services. Apply for a Mudra Loan online today and use the Mudra EMI calculator facility to grow your business.
How to apply for Pradhan Mantri Mudra Loan Yojana?
The application process for PMMY is simple and hassle-free. The steps are:
Step 1 : Visit the official website of PMMY or Udyamitra and click on “Apply now”.
Step 2 : Select the category of loan (Shishu, Kishor, or Tarun) and fill in the required details such as name, address, mobile number, email id, PAN card, Aadhaar number, etc.
Step 3 : Upload the scanned copies of the documents such as proof of identity, proof of address, proof of business entity, business plan, or project report, etc.
Step 4 : Submit the application and note down the reference number for future reference.
Step 5 : The application will be forwarded to the nearest branch of the selected lender for verification and approval.
Step 6 : The lender will contact the applicant and conduct due diligence such as site visit, credit appraisal, etc.
Step 7 : If approved, the loan amount will be disbursed to the applicant’s bank account within a stipulated time.
Important Links
| Official Website | View |
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