If you want to do business but don't have money then this government scheme is best for you, the government will give you money if you give the idea!

pc: Zee Business

The Government of India has launched many beneficial schemes for its citizens. Various schemes are being operated based on the needs of the people. If you are also thinking of starting a business but you do not have enough money, then there is no need to worry. The government will help you in your business. You can take a loan up to Rs 10 lakh for your business, that too at low interest rates. Let us know how you can apply for the Mudra Loan Scheme.

Loans up to Rs 10 lakh are available under the Mudra Loan Scheme. Prime Minister Modi launched the Pradhan Mantri Mudra Loan Scheme in 2015. Under this scheme, provisions have been made for three types of loans: Shishu loan up to Rs 50,000, Kishore loan from Rs 50,000 to Rs 5 lakh, and Tarun loan from Rs 5 lakh to Rs 10 lakh. To take Mudra Loan, you can go to the bank where you have your account and apply there.

pc: Jagran

If you wish, you can also visit the official website of Mudra Loan https://www.mudra.org.in/ and download the loan application form, fill in the details, and submit it directly to the branch. The branch manager will collect information related to your work and process your Mudra loan accordingly. For more information, you can also visit the official website.

Benefits of taking a Mudra Loan:

Usually, when you take a loan the interest rate keeps increasing. For example, if you take a loan from a bank at an interest rate of 12% and after 4 months it increases to 14%, you will have to repay the loan at an interest rate of 14%. However, this is not the case with the Mudra Loan Scheme.

You have to repay the entire loan at the interest rate prevailing at the time you are taking the loan. This means that if the interest rate when you took the loan was 12%, you will repay the loan at a 12% interest rate. Under this scheme, you can also extend the repayment period of your loan.