Pradhanmanatri Mudra yojna full detail view
What is Mudra Loan?
Mudra loans are provided to non-agricultural and non-corporate micro and small enterprises under the Pradhan Mantri Mudra Yojana (PMMY). Under the Udyam Mudra (Micro Unit Development and Refinance Agency Limited) scheme, Rs. Loans up to 10 lakhs can be obtained.
Features of Pradhan Mantri Mudra Loan:
Loan Amount Maximum loan amount is Rs. 10 million
- Under the infant Rs. Loan up to 50,000
- Kishore under Rs. 50,001 to Rs. Loan up to 500,000
- Under Tarun, Rs. 500,001 to Rs. Loans up to 10,00,000
Processing Fee Nil for Shishu and Kishore loans, 0.5% of loan amount for Tarun loan
Eligibility Criteria New and existing units
Repayment period 3 –5 years
If you are looking for a high loan amount with an easy lending experience, then you can find a business loan from Bajaj Finserv which is specially designed for SMEs like you. Rupee. Unsecured loans up to 20 lakh which can be repaid within 12-60 months, are approved in 24 hours with minimum document.
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