By Admin 
PM Mudra Yojana: The Central Government brings schemes keeping in mind the needs of people coming from different sections of the country. In the year 2015, the government started the Pradhan Mantri Mudra Yojana. So that small businesses can be promoted. People who want to start their own business or want to expand their existing business. The government gives them loans under this scheme at very low interest rates.
Till now lakhs of people have taken advantage of this scheme and started their business. The government has set some important conditions for getting a loan. The application is accepted only after completing them. Up to what amount of loan can be availed under this scheme and which people are not able to avail its benefit? Let us tell you the complete information.
Government gives loan up to so many lakhs
Under Mudra Yojana, the government gives three types of loans. In which children, teenagers and young people. Under Shishu Yojana, a maximum loan of up to Rs 50 thousand is given. Loan can be availed from Rs 50 thousand to Rs 5 lakh in Kishore Yojana and up to Rs 10 lakh in Tarun Yojana. So now loan up to Rs 20 lakh is available in Tarun Plus category. But this is what they get. Those who have taken Tarun Loan and repaid it on time.
Also read: How much punishment will be given to those who commit fraud in PM Kaushal Yojana, how will the government recover the money?
All these loans are given through banks, micro finance institutions or non-banking finance companies. The interest rates on these loans are very low. So that small traders, shopkeepers or startups can easily pay it. The special thing is that no guarantee is required for this. Due to which new entrepreneurs get relief in the beginning.
Also read: Refund not received even after 3 months of filing ITR, know how much interest will the government pay now?
These people do not get the benefit of loan
Not everyone can take loan under this scheme. People who have been declared defaulters by the banks. He is not eligible for this scheme. Similarly, people who live in India but are not Indian citizens. They are also not given loans. Applicants below 18 years of age are also excluded from the scheme. Apart from this, those who do not have a solid project report related to their business or who are not able to provide necessary documents like Aadhaar, PAN or bank statement can also not apply.
Also read: 2Sarees for 5 rupees and kurtis for 79 rupees… You can start this great business in just 25 thousand rupees