Getting a loan of Rs 1,000,000 without any mortgage, Modi government's scheme is amazing.

Ronit Kawale
Ronit Kawale - Senior Editor
3 Min Read

New Delhi. There is great news for all the citizens living in the country who want to start their own business. Such people can now take loans ranging from ₹ 50,000 to ₹ 10 lakh without mortgaging anything. The provisions for repaying the loan are also quite simple, so that the beneficiary does not have to face much trouble. Modi government had started the Pradhan Mantri Mudra Loan Scheme for such people in the year 2015. Under this scheme, lakhs of people across the country are doing their business by taking loans on easy installments. Such people are not only earning money themselves but are also providing employment to other people.

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People wishing to take PM Mudra Loan will have to apply online. People wishing to start their own business can apply online and get a loan. For this, you will have to go to the official website of PM Mudra Loan and provide the information as per instructions. After completing all the formalities, you will be eligible to take a loan ranging from Rs 50 thousand to Rs 10 lakh. To ensure that no one can manipulate the loan amount, the loan amount is transferred online to the beneficiary's bank account. With this, the entire loan amount reaches the beneficiary's account.

promotion of self employment
Pradhan Mantri Mudra Loan Scheme was started by PM Narendra Modi. Through this scheme, all the youth living in the country who want to start their own new business are given loans to start a new business through this scheme. Through Pradhan Mantri Mudra Loan Scheme, loans ranging from ₹ 50000 to ₹ 10 lakh are transferred directly to the bank account of the interested beneficiary.

strong youth
The main objective of PM Mudra Yojana is to make the youth of the country empowered and self-reliant. Through which all those people or youth are given loans ranging from ₹ 50000 to ₹ 10 lakh directly into their bank accounts. Through this, they will get a lot of help in taking their business forward. With this, the youth not only start their own business but also create new employment opportunities for other people.

Online Application
To avail the benefits of PM Mudra Yojana, you will have to apply online. Under the PM Mudra Yojana, loans up to Rs 10 lakh are given directly to the youth's bank accounts, so that the youth can become self-reliant by starting their own business and create a favorable environment for startups. Under this scheme, loan is provided at very cheap interest rates.

necessary documents
Aadhar card
I Certificate
caste certificate
Address proof
identity card
mobile number
email id
own photo

Tags: Mudra loan, PM Modi

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