New Delhi. To make the life of all the citizens of the country easy and simple, the government often makes new schemes. In this sequence, the Central Government has also started Pradhan Mantri Mudra Yojana (PMMY) to promote small enterprises. Under this those people who want to start their business. They are given a loan of small amount (Mudra Loan). This scheme was launched in April 2015. The most important thing about the Pradhan Mantri Mudra Yojana (Micro Units Development Refinance Agency) is that, out of the total four people who have taken loans under this, three are women. According to the official website of PMMY, about Rs 228144 crore till 23 March 2018, Rs 220596 crore till 23 March 2022, and about 5467157 crore loans were disbursed in the year 2022-2023 under the Mudra scheme. It is worth noting that under the Mudra Yojana, a loan of about Rs 36578.38 crore has been distributed to the people of the country for setting up self-employment, out of which Rs 331402.20 crore has been given.
Central Government Mudra Yojana (PMMY) has two main objectives.
1.Easy loan for self employment.
2.Providing employment through small enterprises.
Pradhan Mantri Mudra Yojana and its benefits
Loans are given under Mudra Yojana (PMMY) without any guarantee. There is also no processing charge for the loan. Apart from this, the loan repayment period can also be extended up to 5 years. Under this scheme, a person taking a loan is given a Mudra card, with the help of which the business can spend the coming expenses when needed.
Types of Loans in PMMY Scheme
1.Shishu Loan- Under this, a loan of up to Rs 50,000 is given.
2.Kishore Loan- Under this, loans ranging from Rs 50,000 to Rs 5 lakh are provided.
3.Tarun Loan- It provides loans ranging from Rs 5 lakh to Rs 10 lakh.
PMMY interest rates,
There are no fixed and fixed interest rates in Pradhan Mantri Mudra Yojana. Different banks charge different interest rates for Mudra loans. Generally, the minimum interest rate under this scheme has been fixed at 12%, but on the other hand, the interest rates are also fixed based on the nature of the borrower and the risk involved.
How you can avail PMMY Loan,
Anyone who wants to start a new business, or want to expand the existing business, can apply for a loan up to Rs 10 lakh. To take a loan under this scheme, you have to apply in a government or bank branch. For this, many other documents have to be submitted including the ownership of the house, if you live on rent, then rent documents, other work related information, Aadhaar, PAN number.