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Pradhan Mantri Mudra Yojna Loan

Checklist of Documents Required for Pradhan Mantri Mudra Yojna Loan

Pradhan Mantri Mudra Yojana (PMMY): Empowering Small Businesses

Overview:
Pradhan Mantri Mudra Yojana (PMMY) is a government initiative aimed at empowering small businesses by providing financial support. This scheme fosters entrepreneurship and drives economic growth by offering accessible loans to aspiring and existing entrepreneurs.

Key Features:

  • Loan Accessibility: Easy and collateral-free loans tailored for micro and small enterprises.
  • Entrepreneurship Growth: Supports budding entrepreneurs in turning their dreams into reality.
  • Economic Development: Plays a pivotal role in boosting local businesses and creating job opportunities.

Benefits:

  • Encourages self-reliance and financial independence.
  • Provides funding for business expansion, equipment purchase, working capital, and more.
  • Enables inclusive growth by targeting underserved sectors and regions.

Pradhan Mantri Mudra Yojana is a cornerstone for nurturing entrepreneurial aspirations and transforming them into tangible achievements.

Identity Proof

PAN Card/ Valid Passport/ Aadhaar Card/ Election Card

Residence Proof

Aadhaar Card/ Valid Passport/ Election Card

Others

G.S.T. Certificate, Bank Statement Last 6 Month, Bank Passbook, Passport sizePhoto-2. Criteria And Charges Minimum age of 18 years and maximum 59 years at loan maturity Apply Loan Amount Min. 50,000/- Max. Loan Amount 10 Lac. Tenure Min. 1 Year Max. 20 Year. File Charges 3880.00/- (Security Amount) will be refunded three thousand with the loan amount & DOCUMENTARY FEES:- 880/-(NON- REFUNDABLE) & Rate of interest is 5.75%.