What is Mudra Loan Scheme: Various welfare schemes are being run in our country. In which there are many schemes providing social services, while many are for economic benefits and economic development. In which loan schemes have also been created for citizens to start new businesses and employment . In which there are Mahila Samriddhi Yojana, Mahila Swavalamban Yojana , PM e-Mudra Loan Yojana etc. Today we will get complete information about What Is Mudra Loan Scheme In Gujarati.
What Is Mudra Loan Scheme In Gujarati
What is e-Mudra Loan Scheme ? If we get information about this, then in its process of making ‘Atmanirbhar Bharat’, the government has introduced many schemes and campaigns. The Make in India campaign is the most popular, which aims to promote the development of indigenous companies. Keeping this in mind, the Pradhan Mantri Mudra Yojana has been implemented. This scheme, which was launched in the year 2015, has proven to be very successful.
Mudra Loan Yojana Information in Gujarati
Micro-Units Development and Refinance Agency (MUDRA) is a scheme offered under the Pradhan Mantri MUDRA Yojana (PMMY) . Launched in the year 2015, this scheme allows availing business loans up to INR 10,00,000 under various categories.
All public sector banks, nationalized banks, regional banks, rural banks, cooperative banks, private sector banks, microfinance institutions, non-banking finance companies (NBFCs), and foreign banks can provide loans up to INR 10 lakh to small borrowers for non-farm businesses.
Important Point
| Name of the scheme | Prime Minister Mudra Loan Scheme 2025 |
| Language of the article | Gujarati and English |
| Who started the plan? | By the Government of India |
| Objective of the plan | These low-interest loans are provided to citizens of the country to start a new business, enterprise or industry. |
| Beneficiary | All eligible beneficiaries of the country |
| Loan amount under the scheme | Under the PM Mudra Loan Scheme, loans ranging from Rs. 50,000 to Rs. 10 lakh are available. |
| Pm Mudra Yojana Helpline Number | 1800 180 1111 / 1800 11 0001 |
Types of MUDRA Loans
PM Mudra Loan Scheme is classified into three types which are as follows.
- Shishu Loan
- Kishor Loan
- Tarun Loan
Shishu Loan
Under Shishu Loan, you are provided with loans for non-farm enterprises. You can avail a loan amount of up to INR 50,000. Shishu Loan serves well for new enterprises to purchase small-scale machinery or finance other operational expenses. Micro-enterprises, self-employed, commercial vehicle owners, fruit and vegetable vendors, etc., are eligible applicants for Mudra Shishu Loan. Key features include a repayment period of up to 7 years, no minimum loan amount, no collateral and zero processing charges.
Kishor Loan
Total loan amount available under Kishore Loan is INR 50,000 to INR 5,00,000. Businesses can avail higher loan amount to finance their day-to-day operations, purchase heavy machinery and commercial transport vehicles, etc. Personal service providers like local grocers, salons, courier agents, pharmacists and tailoring shops are also eligible to apply.
Tarun Loan
Under the Tarun Loan Scheme, a total loan amount starting from INR 5 lakhs up to INR 10 lakhs is provided. With a repayment period of 3 to 5 years. The loan can be availed by aspiring as well as established businesses. Older companies can use the loan to improve or fund office expansion, make necessary operational purchases, etc.
Different businesses included under Mudra Loan Scheme
- Transport Vehicles – You can buy vehicles for transporting goods and passengers, tractors, two-wheelers, trolleys and tillers for commercial use.
- Community, social and personal services – You can get loans for community businesses such as tailor shops, dry cleaning, bicycle and motorcycle repair shops, pharmacies, photocopying facilities, gyms, salons, courier services, etc.
- Food producing sectors – Small scale food production like pickle or papad making, canteen services, cold storage, micro ice producing units, ice cream making units, bakery manufacturing units etc. are eligible for Mudra loans.
- Textile Production – You can avail Mudra Loan for Handloom, Chicken Work, Khadi Activities, Zari and Zardozi Work, Embroidery and Handwork, Computerized Embroidery, Dyeing and Printing, Garment Designing, etc.
- Traders and Shopkeepers – Mudra Loan provides financial assistance to shop owners, traders, small enterprise owners and individuals running non-farm income-generating businesses with loan sizes up to INR 10 lakhs.
- Equipment for micro units – You can avail a Mudra loan of up to INR 10 lakh to purchase machinery required to set up a micro-enterprise.
- Mudra loans are available for activities related to agriculture – fishing, beekeeping, poultry, livestock, dairy, etc. Persons engaged in crop production, irrigation, wells, etc. are not eligible for such loans.
Mudra Loan Benefits In Gujarati
There are many advantages of Mudra, which are as follows.
- Accessibility: Whether you live in rural or urban areas, you can access banking and financial services under the PMMY scheme. Individuals from remote areas, where basic banking facilities are not available, can get financial assistance.
- There is no lower limit on business size: Small and micro businesses, along with startups, can receive financial assistance.
- Higher loan amount: Under the Mudra loan scheme, the amount is up to Rs 10,00,000; this way, you can avail even a small loan amount for small businesses and have the freedom to access a higher loan amount if required.
- No collateral required: Unlike private business loans, you do not need to pledge collateral to get a Mudra loan.
- Credit Guarantee: To address the issues associated with non-collateral requirements, the government has created the ‘Credit Guarantee Fund for Micro Units’ or CGFMU Fund, thus providing a sense of comfort to lending institutions.
- Start-up funds for starting a new business: Individuals who wish to generate a second income with low-cost businesses can take advantage of this scheme. The micro-credit scheme offers credit up to INR 1 lakh.
- Low Interest Rates: Mudra schemes come with affordable interest rates to enable flexible and pocket-friendly repayment of the loan.
- Extended Repayment Tenure: Borrowers can repay the loan comfortably over a significantly longer repayment tenure of up to 7 years.
- Mudra Card: Loan applicants are issued with Mudra Card – a type of debit card that applicants can use to fund working capital needs. Applicants can make online transactions as well as ATM and point-of-sale (PoS) transactions.
Eligibility .Criteria. What is the eligibility?
There are certain eligibility criteria for availing e-Mudra loan, which are as follows.
- The applicant must be an Indian citizen.
- In the age group of 18 years to 65 years (at the time of final EMI payment)
- Plans to start a business in non-agricultural activities requiring a loan amount of less than INR 10 lakhs.
Documents Required For Mudra Loan Scheme . Where are the documents required?
Some documents have been prescribed to avail the benefits of Mudra Loan Scheme, which are as follows.
- Official application form for e-Mudra
- Aadhar card
- PAN Card/Driving License/Passport/Voter ID/Any one
- Identity proof documents such as photo ID of the applicants (in case of joint loans).
- Proof of residence documents such as electricity bill/or other applicable documents.
- Business ID and address proof documents (license/registration certificates/deed copy, etc.).
- Recent photographs of the applicant.
- Proof of loan requirement, i.e., equipment quotation, vendor details, etc.
Steps To Apply For Mudra Loan Online/Offline | How to apply for e-Mudra Loan?
You can apply for Mudra loan both online and offline at nationalized and private sector banks. You just need to fill a form. And provide details about the applicable Mudra loan category under which you need a loan, information about your business venture and the funds required under the loan. The bank verifies your loan application. Once it is verified, the bank deposits funds in your new Mudra loan account, along with which it also provides a Mudra debit card.
Thus, by applying, you will be able to get a Mudra loan if you are eligible.
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