PM Mudra Yojana Applying Process: The Government of India runs many schemes for the people of the country. Which benefits different people. The government brings these schemes keeping in mind the needs of different people of the country. If you want to start your own business or want to expand it. And you do not have money.

So the Government of India helps you with this. Pradhan Mantri Mudra Yojana is run by the Government of India. Under this scheme, the government gives loans to start a business. In this, three types of loans are given by the government. How can you apply for a loan in this scheme, let us tell you its complete process.

PM Mudra Yojana provides loan of 20 lakhs

In the PM Mudra Yojana run by the Government of India, the government provides financial assistance to small and micro industries in the non-agricultural sector. Under this scheme, the government provides loans to small businessmen and those young entrepreneurs who are starting their new business. Earlier, under the Pradhan Mantri Mudra Yojana, the government used to provide loans up to Rs 10 lakh. Which has been increased to Rs 20 lakh.

Three types of loans are available under the scheme

Under the Pradhan Mantri Mudra Yojana, the Government of India provides three types of loans. Which include Shishu category, Kishore category and Tarun category. If we talk about Shishu category, then the government provides a loan of up to Rs 50 thousand. Whereas for the Kishore category, a loan of Rs 50 thousand to Rs 5 lakh is given. Apart from this, under the Tarun category, loans ranging from 5 lakh to 10 lakh are available. Let us tell you that in the Tarun category, they get a loan of up to Rs 20 lakh. Those who have already taken a loan and repaid it.

This is how you can apply for the scheme

Application for Pradhan Mantri Mudra Loan Yojana can be done both online and offline. To apply online for Mudra Yojana, you will have to visit the official portal www.udyamimitra.in. To apply offline, you can apply by visiting any branch of your nearest bank or non-banking financial company or MFI.

Disclaimer: This content has been sourced and edited from abplive.com. While we have made modifications for clarity and presentation.