Pradhan Mantri Mudra Loan Yojana 10 Lakh Loan
people can't find jobs, so they start a business via a
and struggle to pay the
interest equal to their profit.
Modi government is come up to help you out.
Government is helping the people to setup their business with Prime Minister's Mudra Loan Yojana. Get up to 10 Lakh low interest loan.
1st Category loans of up to Rs 50,000 are offered.
2nd 50 thousand to 5 lakhs and 3rd 5 lakhs to 10 lakhs. Low interest and instant approval.
Three types of loans
The minimum age to apply is 18 years and may also get extra benefit if have good credit score otherwise bank may reject the loan process.
To be eligible you have to come up with your business plan, Aadhar card and a Nominee. Usually they approve the loan within 10 days.
2. Photographs of the applicant
3. Identity Proof (Aadhaar/Voter ID/DL)
4. Income (a license or registration)
5. Proof of business address
6. Registration, authorization, or certification
They may also requires some extra photos and business proof.