Launched on — april 8th 2015, location –New Delhi
Pradhan Mantri Micro Units Development and Refinance Agency Ltd (MUDRA) Yojana (Full form of Mudra Bank), bank with a corpus of Rs 20,000 crore to extend credit of up to Rs 10 lakh to small businesses and ‘MicroFinance Institutions’ (MFIs).
With concept of “Funding the Unfunded,” Mudra Bank will provide Loan in 3 categories.
- AIM — Financial Inclusion
- Micro Units Development and Refinance Agency Ltd (MUDRA) Bank on 8 April, 2015 with a corpus of Rs 20,000 crore and a credit guarantee corpus of Rs 3,000 crore.
- Mudra bank Extend finance and credit support to Microfinance Institutions (MFI) and agencies that lend money to small businesses, retailers, self-help groups and individuals& SC& STs & BCs
MUDRA Bank has launched three loan instruments:
- Shishu: covers loans upto Rs 50,000/-
- Kishor: covers loans above Rs 50,000/- and upto Rs 5 lakh
- Tarun: covers loans above Rs 5 lakh and upto Rs 10 lakh
How To Apply For Loan From Mudra Bank?
- Under the Mudra Bank yojana You are eligible for three type of the Loan . These are Shishu , Kishor, Tarun.
- But Before you Apply For the Loan You Need to Analyse about your Business Plan and Prepare it In better Way
- After You prepare your business plan and you select your business categories (as mentioned above), you have to contact your nearest Public or Private bank where you can apply for Business loan under PRADHAN MANTRI MUDRA YOJANA.
Note : As some users got confused, mudra bank is not a separate bank (like SBI or BOB) it is government’s finance scheme to provide business loan to new small business in india. To get business loan under Mudra Yojana, you have to contact your nearest public/private bank
- To apply for Loan from Mudra Bank Please follow the below link where you will get all information about how to apply, eligibility criteria, who can get loan, what documents need to be presented to get loan from Mudra Bank, All questions are answered on below link.
Official Website of Mudra Bank :
Important Links For Study Material And Test Series
Follow Us On Facebook – Facebook Page
Join StudyDhaba.Com Telegram Channel – t.me/studydhaba
|EContact US – [email protected] / [email protected]|
|Note & Disclaimer – All Study Materials Here are shared Only For Educational Purposes .Most of The Material Is Already Available On Internet .We Are Just Sharing That Link Only . Whole Materials Is For Education Purpose Only .We Work hard to Provide You Quality Study Materials And Error Free Study Materials For All Competitive Exams .You can Also Share Study Materials,Notes Or Any Materials With Us .We Will Publish That Material On Our Website .It is a Humble Request To All Of You Please Share This Post With Your Friends And On Social Media .|