The Government of India brings various schemes for the people of the country and people also get benefits. In such a situation, if you want to start your own business but do not have money, then a loan is given by the Government of India for this. The government is running the Pradhan Mantri Mudra Yojana for this.

Available without guarantee

Under this scheme, the government gives loans without guarantee to entrepreneurs doing business. If you also want to start a business, then you can apply. This scheme was started in the year 2015, under the PM Mudra Yojana, the Government of India earlier used to give business loans up to Rs 10 lakh to the youth, which has now been increased to Rs 20 lakh.

The loan is available in three categories.

Under the Pradhan Mantri Mudra Yojana, the government gives loans at affordable interest rates to start or expand non-corporate and small industries. This loan is given in three categories, these include categories like Shishu, Kishor, and Tarun. A loan of Rs 50 thousand is given in the Shishu category, Rs 10 lakh in the Kishor category, and Rs 20 lakh in the Tarun category.

Disclaimer: This Content Has Been Sourced And Edited From [Abp News]