PMMY Loan Scheme: Nowadays, by taking loans directly from banks, many people get trapped in the trap of interest rates and EMIs in such a way that it becomes difficult to get out of it. Anyway, the bank (bank loan news) charges many types of charges from the loan takers. In this situation, you will get a loan of up to 10 lakhs without any processing fees. You will not have to pay even a rupee of processing fee for this. By taking this loan, you can fulfill all your financial needs.
You can take a loan under this scheme-
The central government (center govt loan scheme) started Pradhan Mantri Mudra Yojana a few years ago to provide direct benefits to the people. Under this scheme, loans up to Rs 10 lakh are given to small traders and business starters. People can take advantage of this scheme (PMMY Loan Scheme), especially by taking loans for non-corporate and non-agricultural purposes.
There is a facility to get category-wise loan -
The special thing about the loan given under Pradhan Mantri Mudra Yojana (PMMY ke fayde) is that this loan is given according to category. There are three categories in it, Shishu Loan, Kishor Loan and Tarun Loan Category (PMMY loan categories). The loan amount has been fixed at 50 thousand, 5 lakh, and 10 thousand rupees, respectively. The interest rates of the loan in all three categories (PMMY interest rates) are as per the category.
No interest to be paid -
No bank gives a loan without interest, but you can take a free loan without paying any processing fee under the Pradhan Mantri Mudra Yojana. If the amount is withdrawn from the Mudra card (mudra card kaise banwaye), then interest has to be paid. This loan is a completely collateral-free loan, that is, you do not even need to mortgage anything for it. A loan (bank loan news) can be taken under this scheme from government-private, regional rural banks, small finance banks, and non-financial companies.
Loan tenure can be increased-
Under this loan scheme, initially interest is available for a period of 1 year to 5 years. Later, if you want to increase the loan period (PMMY loan scheme), that too can be increased. That is, if there is a problem in repaying the loan in the stipulated period, then the loan holder has the option to increase the period (PMMY loan tenure). Those doing business (business loan) can find it very beneficial to take a loan from this scheme.
A loan will be available while sitting at home-
If you want to take a loan under PMMY, then you can take a loan sitting at home by applying online (how to apply for a PMMY loan). You can apply on the website of PM Mudra Yojana mudra.org.in (mudra loan website), by creating a username and password. From verification to getting the loan amount (PMMY loan amount), all the work can be done online. You can also apply for this scheme offline by going to a bank.
These documents will be required -
If you want to take a loan under the Pradhan Mantri Mudra Yojana, then you will need many documents during the application. Aadhar card, PAN card, along with a permanent and business address, will be required. Apart from this, attach a copy of the income tax return, sales tax return, and passport size photo with the form. You can take a loan by submitting the form at the nearest bank. After verification, the loan amount (PMMY loan amount) will be available in the account in 30 days.
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