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➡️Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY.
There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.
- Shishu Up to Rs.50,000
- Kishor Rs.50,000 to Rs.5 lakh
- Tarun Rs.5 lakh to Rs.10 lakh
Below we have provided simple steps to apply for a Mudra loan online:
🔸Step 1: Download the loan application form from the bank’s official website (any bank or nbfc associated for PMMY) mostly all bans are associated.
🔸Step 2: Fill in the application form with the required details and attach relevant documents
🔸Step 3: Submit the application form online at the official bank’s website to get a reference ID or number
🔸Step 4: Bank’s representative will connect with you to proceed with the loan formalities. So keep the reference ID number handy
🔸Step 5: After the loan application form and attached documents are processed and verified, the loan amount shall be approved and further disbursed by the bank to your bank account.
Source: PMMY
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#businessloans #loan #loanofficer #collateralfree #banks #businessfinance
There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.
- Shishu Up to Rs.50,000
- Kishor Rs.50,000 to Rs.5 lakh
- Tarun Rs.5 lakh to Rs.10 lakh
Below we have provided simple steps to apply for a Mudra loan online:
🔸Step 1: Download the loan application form from the bank’s official website (any bank or nbfc associated for PMMY) mostly all bans are associated.
🔸Step 2: Fill in the application form with the required details and attach relevant documents
🔸Step 3: Submit the application form online at the official bank’s website to get a reference ID or number
🔸Step 4: Bank’s representative will connect with you to proceed with the loan formalities. So keep the reference ID number handy
🔸Step 5: After the loan application form and attached documents are processed and verified, the loan amount shall be approved and further disbursed by the bank to your bank account.
Source: PMMY
.
.
.
.
.
.
.
.
.
.
#businessloans #loan #loanofficer #collateralfree #banks #businessfinance
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