This post we provide information about MUDRA LOAN GET 50000 RUPEE LOAN WITH SHISHU LOAN, SHISHU MUDRA LOAN YOJANA, PRADHAN MANTI SHISHU MUDRA LOAN YOJANA, SARKARI YOJANA.
MUDRA LOAN GET 50000 RUPEE LOAN WITH SHISHU LOAN
The Modi government is giving Rs 50,000 for business without guarantee, this way you can also apply.
If you are planning to start a new business and do not have the money for it, you can take advantage of Prime Minister Modi’s scheme. Due to the Coronavirus and lockdown, the Modi government is offering discounts of up to 2 percent on interest rates on loans under the Mudra Shishu Yojana. Not only one or two but 93.7 million people in the country will benefit from this loan concession given by the government.
- If money is needed, this scheme of Modi government is the best
- The government is giving money for business without any guarantee
- This way you can also avail the benefits of this scheme
- Here you can get Shishu Mudra loan
You can take this loan mainly to open a shop, start a street lorry or any other small work. These loans range from commercial banks to small finance banks, MFIs, and NBFCs. The loan in this scheme is given without any guarantee. Anyone can apply for a loan by visiting these institutions. You can also apply for a loan by visiting the government’s online portal https://www.udyamimitra.in.
What is the Shishu mudra loan?
Under Shishu Mudra Yojana, you can start your work by taking a loan. The government is giving you a discount of up to 2% on this loan. Under this scheme, you can take a loan of up to Rs. 50,000 to start your small and big business.
There seems to be so much interest in shishu mudra loans
Under this scheme, 9 to 12 percent interest is charged. In which the government has now given a waiver of up to 2 percent. Under the Mudra scheme, the borrower will get this exemption from June 1, 2020, to May 31, 2021. For which Rs 1540 crore will be spent this year.
Loans can only be obtained without a guarantee
Loans are given without any guarantee under Mudra Yojana. Apart from this no processing charge is also levied for the loan. The payment period in the Mudra scheme can be extended up to 5 years. The borrower gets a currency card, which can be used to spend on business needs.