To start a business, you get a loan of 20 lakhs in this scheme, know the useful thing

Pradhan Mantri Mudra Yojana: If you want to start your own business and you have a business idea, but are struggling with lack of funds, then you do not need to worry. The central government is giving a loan of up to Rs 20 lakh without guarantee to start your business, which you can also take advantage of. Let us tell you, many schemes are run by the Government of India to meet the needs of the people. In such a situation, a scheme has also been started to help people financially to start a business.

The benefit of this scheme of the Central Government is Pradhan Mantri Mudra Yojana. Under this scheme, entrepreneurs doing business are being given a loan of up to Rs 20 lakh without guarantee by the government. If you are aware of this scheme, then you can also start your own business and earn name and money.

Loan amount increased

Let us tell you, the Government of India started the Pradhan Mantri Mudra Yojana in 2015 to help people start a business. Earlier, under this scheme, a loan of up to Rs 10 lakh was given without guarantee. However, now the loan amount under this scheme has been increased to Rs 20 lakh.

Loan can be taken in three categories

Under the Pradhan Mantri Mudra Yojana, the government gives loans to people in three categories to start or expand their business. In this, a loan of up to Rs 50 thousand is available without guarantee in the Shishu category. A loan of up to Rs 10 lakh in the Kishore category and Rs 20 lakh in the Tarun category is given without guarantee.

How to apply

To avail of the benefits of Pradhan Mantri Mudra Yojana, you can register by visiting the official website of the scheme https://www.mudra.org.in/. Apart from this, you can also inquire about the scheme by visiting the nearest bank. You should have your business idea and its project report.