Under the flagship scheme of the Government of India, The Pradhan Mantri Mudra Yojana, or PMMY has extended affordable credit to micro and small enterprises. This scheme was launched on 8th April 2015 and was designed to provide affordable financial help to small business owners who are engaged in manufacturing, trading, and other services.

1. The Pradhan Mantri Mudra Yojana (Mudra Loan)
Mudra Loan
Under the flagship scheme of the Government of India, The pradhan mantri mudra
yojana(mudra loan), or PMMY has extended affordable credit to micro and small
enterprises. This scheme was launched on 8th April 2015 and was designed to
provide affordable financial help to small business owners who are engaged in
manufacturing, trading, and other services. , micro and small enterprises are growing
successfully but slowly. They are contributing greatly to the country’s economy.
However, many of these stuck due to shortage of funding. Let's talk about the
eligibility criteria to apply for Mudra Loan. There is a huge number of micro, small,
medium, and large companies in India.
Eligibility criteria:
The minimum age should be18 years and maximum age should not exceed 65
years.
Applicant should be a citizen of India with no criminal record.

2. Who can avail Mudra loan:
Startups, Business Owners, Entrepreneurs, traders, retailers, shopkeepers, vendors,
and small manufacturers engaging in trading sectors and manufacturing sectors.
Applicants with no past loan defaults with any financial institution shall be preferred.
Loan Amount:
maximum loan up to 10 lakhs.
- Based on the stage of growth and development and according to the funding
needs of the micro-entrepreneur. There are three products under the mudra loan
scheme, offering versatility to borrowers. The beneficiary can avail of loans given
below:
Shishu - Loan up to Rs. 50,000/-
Kishor - Loan between Rs. 50,000 and Rs. 5 lakhs
Tarun - Loan between Rs. 5 lakh and Rs. 10 lakhs
Are you interested in expanding your business? Take benefit of Pradhan Mantri
Mudra Yojana today. no collateral or additional security via a third party is required.
Contact Financeseva.com to get doorstep assistance or contact us online. We will
reach you.