Get a loan in this scheme of Modi government without any guarantee for business in lockdown, how to apply

Get a loan in this scheme of Modi government without any guarantee for business in lockdown, how to apply

The central government has extended the lockdown until May 31 to curb the corona virus epidemic. However, the government has allowed the business to start in lockdown with certain conditions. If, in this time of crisis you also want to start a business and you do not have the money to start it, there is no need to worry. The Modi government's currency loan can alleviate your worries. The government has recently announced a 2 per cent rebate on interest on infant currency loans. Let us know
Take advantage of this scheme of Modi government in times of crisis in Corona
This is a golden opportunity for those who want to start a business
Traders looking to start a new business can benefit greatly

Finance Minister Nirmala Sitharaman has made a big announcement on the PM Mudra loan scheme under an economic package of Rs 20 lakh crore. The finance minister has announced a two per cent interest rebate on infant currency loans. It is to be noted that a loan of up to Rs. 50,000 can be obtained under Shishu Mudra Loan. The government's announcement could be of great benefit to small traders who are experiencing a downturn in trade and those who want to start a new business.

At present, 10 to 11 per cent interest is being charged on infant currency loans. From time to time this exemption will be given by the government for 12 months. In which 2 per cent interest is waived. The government estimates that an estimated 30 million traders could benefit from the scheme. Based on this estimate, a 2 per cent interest rebate would save borrowers Rs 1,500 crore.

🔸 Get 3 types of loans

There are three types of loans available in Pradhan Mantri Mudra Yojana. Shishu Mudra Loan, Kishore Mudra Loan and Tarun Mudra Loan. Infant currency loans are for small traders. It can get a loan of up to Rs 50,000. While in Kishore Mudra loan, a loan of Rs 50,000 to Rs 5 lakh can be obtained. Apart from this, loans ranging from Rs 5 lakh to Rs 10 lakh can be obtained in Tarun Mudra loan.

🔸 Apply this way

To get a loan under Mudra Loan Scheme, you have to go to the nearest bank branch with your business project report and documents, the bank will ask for 
iabout your business plan. Your loan will then be approved based on your business. Importantly, loans are easily available in this scheme without any guarantee

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