PM Mudra Loan 2024 : The Pradhan Mantri Mudra Yojana (PMMY) is an initiative by the Government of India aimed at empowering small businesses with easy access to financial resources through collateral-free loans. This scheme, available in 2024, provides micro, small, and medium enterprises (MSMEs) with the funds they need to grow and succeed.
Types of PM Mudra Loans in 2024
- Shishu: Loans up to ₹50,000 for businesses at the initial stage.
- Kishore: Loans between ₹50,001 and ₹5 lakhs for businesses seeking expansion.
- Tarun: Loans ranging from ₹5 lakhs to ₹10 lakhs for well-established enterprises.
Eligibility Criteria
To avail a Mudra loan under PMMY in 2024, the applicant must be:
- A small business owner, MSME entrepreneur, or self-employed individual.
- Aged 18 years or above with a viable business plan.
Key Features
- No collateral required: Making it accessible to a wide range of entrepreneurs.
- Low-interest rates: Typically ranging from 8% to 12%, depending on the bank.
- Flexible repayment: Loan tenures up to 5 years based on the loan amount and institution.
How to Apply for PM Mudra Loan in 2024
- Online Application: Apply through the Mudra portal or the bank’s website.
- Offline Application: Visit any participating banks such as public sector banks, private banks, and regional rural banks to apply directly.
- Documents Required: Submit ID proof, business plan, and bank statements as needed.
આ પણ વાંચો : મેળવો 50 હજાર થી 20 લાખ સુધીની પર્સનલ લોન
Benefits of PM Mudra Loans
- Financial Inclusion: The loan provides access to credit for individuals without traditional banking assets.
- Boosting MSMEs: It helps entrepreneurs grow their businesses, fostering job creation and economic development.
- Direct Benefit Transfer (DBT): Ensures quick disbursement of loans directly into the applicant’s bank account.
Success of PMMY
Since its launch, PMMY has approved over 40 crore loans, providing a massive boost to the MSME sector. In 2024, the government aims to scale this further to promote more job creation and entrepreneurial growth across India.
Important call letter Links
HGC (હાઇકોર્ટ ઓફ ગુજરાત) દ્વારા ભરતી પરીક્ષા કોલ લેટર ડાઉનલોડ કરવા અહી ક્લિક કરો
Important Links
| More Loan Scheme | Click Here |
| More Details About This Loan | Click Here |