HOW TO GET MUDRA LOAN AND DOCUMENTS REQUIRE FOR MUDRA LOAN AND PROVIDERS OF MUDRA LOAN AND BENEFITS OF MUDRA LOAN
MUDRA is a very famous scheme of BJP government . To get
loan under this scheme or yojana , various public and private sector banks have
been given the responsibility to provide loans
under this scheme or yojana .
All Scheduled Banks
in public and private sectorare providing the loan .
DOCUMENTS REQUIRED FOR MUDRA LOAN
1.Self attested proof of identity along with the loan
applicant 2 passport size photographs.
2.Quotation of items and machinery to purchased for the setup of the business.
3.Details of requirements suppliers and machineries as well as other
items to be purchased.
4.Identity of proprietorship of
business and business address and location along with copies of important certificates.
5.Proof of reserved category like SC, ST, OBC, etc .
BENEFITS OF MUDRA
LOAN OR MUDRA YOJANA
First off, no necessary collateral is require. There is also
not any kind of loan application fee .
But the main feature is the rate of interest which is only 1% which is almost
nothing as compared with other loans. It also provide various guidance and
advise to entrepreneurs and businessman various kind of things which is related
to their start up. This is also very helpful for upliftment of society and
growth of country.
Presently loans under Mudra Yojana are offered by:
27 Public Sector Banks(PSB)
17 Private Sector Banks
4 Co-operative banks
36 Microfinance Institutions
25 Non-Banking Financial Institutions
31 Regional Rural Banks(RRB)
