PM Mudra Yojana: If you don't have money to start a business, then the government is giving a loan of Rs 20 lakh without guarantee

On the one hand, there is limited income in a job. On the other hand, there are many hidden earning possibilities in business. A good business can make you rich in a few years. For this reason, many people in the country want to start their own businesses. However, due to lack of information, money, or resources, people are unable to start their business.

In this episode, today we are going to tell you about a great scheme of the Government of India, under which the government is giving you a loan of up to Rs 20 lakh without a guarantee to start a business. The name of this scheme is Pradhan Mantri Mudra Yojana. This scheme is very popular in the country. By getting the benefit of Mudra Yojana, you can easily start your business. Let's know about this scheme in detail -

Under the Pradhan Mantri Mudra Yojana, you are given a loan under three categories. It includes Shishu, Kishor, and Tarun categories. In the Shishu category, you are given a loan of up to Rs 50,000, under the Kishore category, Rs 10 lakh and under the Tarun category, up to Rs 20 lakh.

Under this scheme, corporate or agriculture-related loans are not given. If you want to start your own new business, then you can take a loan under this scheme.

To take advantage of PM Mudra Yojana, you must be 18 years of age. To take advantage of the scheme, you have to go to your bank and submit the business plan and project report.

If you are going to take advantage of PM Mudra Yojana, then you must have some documents. This includes documents like business plans, project reports, copies of filed ITRs, copies of self-tax returns, Aadhaar cards, identity cards, PAN cards, and proof of permanent and business office addresses. If you do not have these documents, then you will not get the benefit of the scheme.

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