If you want to open your new business, then there is no need to worry about money because there are many such schemes by the Government of India, with the help of which the youth are provided loan facility for the industry. Youth can expand their industry through Pradhan Mantri Mudra Yojana (PMMY). Women can also start their new life by taking a loan from here.
PM Mudra Yojana is proving effective
Let us tell you that this scheme was started by Prime Minister Narendra Modi on 8 April 2015. A loan of Rs 33 lakh crore has been issued in 10 years. With the help of this scheme, self -employment is being promoted and people are also being connected to the banking sector. It is proving to be very helpful for those youth who want to start a startup or start their work. Through this scheme, a loan is available without a guarantee and the interest rate is also low.
Under the Pradhan Mantri Mudra Yojana, it is necessary to apply for the application. For example, the age of the applicant should be between 18 and 65 years. The applicant should not have a name in any type of bank fraud. Also, whatever work you want to do, there should be educational qualification. Women also get subsidy in it.
