PM Mudra Loan: You can get a loan of Rs 10 lakh without guarantee, this government scheme will be useful for you!


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The central government runs various schemes for people across the country, some of which provide direct benefits while others are aimed at promoting their businesses. People are most interested in those schemes which give loans without any guarantee and at low-interest rates. One such scheme allows individuals to take loans up to Rs 10 lakh without any collateral. Today we are giving you information about this special scheme.

Taking a loan under this scheme is quite easy. The Central Government's Pradhan Mantri Mudra Yojana provides loans that can be easily availed. Till now lakhs of people across the country have benefited from this scheme. However, there are some conditions to apply for this scheme, which you have to fulfil. The special thing about this scheme is that it is very easy to apply for it and if you fulfil all the conditions then you will not face any problems in taking the loan.

Loans are provided in three categories under the Pradhan Mantri Mudra Yojana. Various categories have been allotted for this purpose. Loans are provided under the categories of Shishu Loan, Kishore Loan and Tarun Loan. Under the Shishu Loan category, you can take a loan up to Rs 50,000. After that, under the Kishore Loan category, loans ranging from Rs 50,000 to Rs 5 lakh are provided, while under the Tarun Loan category, loans ranging from Rs 5 lakh to Rs 10 lakh are provided. These loans do not require any guarantee and the interest rates can range from 9 to 12 percent.

How to apply:

Small shopkeepers or business owners can take loans under Pradhan Mantri Mudra Yojana. If you want to start your own business then you can apply for it. During the application process, you will need to provide information about your business or business plan. To apply, you will have to go to the nearest bank and get the information and the application will be processed there. Some banks are also providing this facility online. You can also visit to get information about the scheme.