Pradhan Mantri Mudra Loan Yojana 2021 | Mudra Yojana (Mudra Yojana)

Pradhan Mantri Mudra Loan Yojana:-Pradhan Mantri Mudra Loan Yojana was launched by the Prime Minister of our country, Shri Narendra Modi in the year 2015, under this scheme, the people of the country to start their own small business loans up to Rs 10 lakh loan (Up to 10 lakh loan will be given to start a small business). If any person wants to pursue his business, then he can also take a loan under this scheme.

Dear friends, today we are going to provide you all the information related to this Pradhan Mantri Mudra Loan Scheme 2021 like the application process, documents, eligibility, etc. through this article. So, read this article of ours till the end.

Pradhan Mantri Mudra Yojana

Let us tell you that a budget of 3 lakh crore rupees was prepared for the Mudra loan by the Central Government, out of which loans of Rs. 1.75 lakh crore has been distributed so far. Under the Pradhan Mantri Mudra Loan Scheme 2021, people who want to take a loan will not have to pay any processing charges for taking the loan. Under this scheme, the repayment period has been extended by 5 years. People of the country are given a Mudra Card to take a Mudra Loan under this Pradhan Mantri Mudra Loan Scheme 2021

Pradhan Mantri Mudra Loan Yojana 2021 Commercial Vehicle Purchase

As you all know, the Pradhan Mantri Mudra Loan Yojana 2021 has been started by the government to provide loans to the citizens of the country to set up their business. So far many people have taken benefit under this scheme. If you also want to take advantage of the Pradhan Mantri Mudra Loan Scheme, then you have to apply to the bank. Loans up to ₹ 1000000 are provided by the government through this scheme.

Under this scheme, loans are also provided by the government to purchase commercial vehicles. Through this scheme, loans can be taken to purchase tractors, auto-rickshaws, taxis, trolleys, goods transport vehicles, three-wheelers, e-rickshaws, etc.

Through Pradhanmantri Mudra Loan Yojana, loans are provided for agriculture and animal husbandry, for traders, for shopkeepers, and also for the service sector. The beneficiaries are provided with a Mudra card to provide the loan amount. This loan is available completely without guarantee and its duration can be extended up to 5 years.

Mudra Loan Scheme 91% loan disbursed so far

Under this scheme, the loan amount has been disbursed to 91% of the beneficiaries in the first three quarters of the financial year 2020-21. A total of 2.68 crore beneficiaries have been approved under the Pradhan Mantri Mudra Loan Scheme, under which Rs 1,62195.99 crore will be provided to the beneficiaries. Of this amount, Rs 1,48,388.08 has been provided to the beneficiaries till 8 January 2021. 97.6% and 97% of loans have been disbursed in the financial year 2020 and financial year 2019 through banks, non-banking financial companies, microfinance institutions, etc. In which about Rs 329684.63 crore and Rs 311811.38 crore have been transferred to the beneficiaries account.

Under the Pradhan Mantri Mudra Loan Scheme, 1.54 loans were approved by November 2020, under which an amount of Rs 98,916.65 crore was to be transferred to the beneficiaries’ account. Till 13 November 2020, an amount of Rs 91936.62 crore was transferred to the beneficiary’s account.

Loans ranging from ₹ 50000 to ₹ 1000000 are provided under Mudra Loan Scheme. Loans up to ₹ 50000 are provided under Shishu cover. Loans up to ₹ 500000 are provided under Kishore cover and loans up to ₹ 1000000 are provided under Tarun’s category.

About 22.53 crore people have availed the benefit of this scheme till 31 January 2020, out of which 15.75 crore loans have been provided to women. This number is 70% of the total beneficiaries. 80 lakh loans will be provided by the government to help MSMEs to emerge from the Karona call. Which will cost 2.05 lakh crore rupees. Out of these 2.05 lakh crore rupees, a loan of 1.58 lakh crore rupees has been disbursed till December 4, 2020, under the Emergency Credit Line Guarantee Scheme.

The objective of Pradhan Mantri Mudra Loan Yojana 2021

The main objective of this scheme is that there are many people in the country who want to start their own business but cannot start due to lack of money, the Central Government has started this scheme for such people. Pradhan Mantri Mudra Loan Yojana 2021, beneficiaries can start their own small business by taking a Mudra loan. And to provide loans to people under this scheme in a very easy way. Through Pradhanmantri Mudra Loan Scheme 2021, to realize the dreams of the people of the country and make them self-reliant and empowered.

Types of Pradhan Mantri Mudra Yojana

  • Three types of loans are given under this scheme.
  • Shishu Loan: Under this type of Mudra scheme, loans up to ₹ 50000 will be allocated to the beneficiaries.
  • Kishore Loan: Under this type of Mudra scheme, beneficiaries of loans ranging from ₹ 50000 to ₹ 500000 will be allocated.
  • Tarun Loan: Under this type of Mudra scheme, loans ranging from ₹ 500000 to ₹ 1000000 will be allocated to the beneficiaries.

Banks covered under Mudra Yojana

  • Allahabad Bank
  • Bank of India
  • Corporation Bank
  • ICICI Bank
  • j & k bank
  • Punjab and Sindh Bank
  • Syndicate Bank
  • Union Bank of India
  • Andhra Bank
  • Bank of Maharashtra
  • Dena Bank
  • IDBI Bank
  • Karnataka Bank
  • Punjab National Bank
  • Tamil Nadu Marsatil bank
  • Axis Bank
  • Canara Bank
  • Federal bank
  • Indian Bank
  • Kotak Mahindra Bank
  • Saraswat Bank
  • Uco bank
  • Bank of Baroda
  • Central Bank of India
  • HDFC bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • State Bank of India
  • Union Bank of India

Beneficiaries of Pradhan Mantri Mudra Yojana

  • Sole proprietor
  • partnership
  • Service sector companies
  • Micro industry
  • Repair shops
  • Owner of trucks
  • Food trade
  • The seller
  • Micro Menu Manufacturing Form

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Currency card

A beneficiary taking a Mudra loan will be provided with a Mudra card. This Mudra card can be used as a beneficiary debit card. Through the Mudra card, the beneficiary will be able to withdraw money from the ATM according to his need. With this Mudra Card, you will be provided with a password that you will have to keep confidential and you can use this card to fulfill your business-related needs.

Benefits of Pradhan Mantri Mudra Loan Yojana 2021

Any person in the country who wants to start his own small business can take a loan under PMMY.
Under this scheme, citizens of the country will be given loans without any guarantee to start their business. Apart from this, no processing charge is also charged for the loan. In the Mudra scheme, the repayment period can be extended up to 5 years.
The borrower gets a Mudra card, with the help of which can be spent on business needs.

Documents for Mudra Loans (Eligibility). Documents for Mudra Loan

People starting a small business and who want to grow their small businesses can also apply for loans under this Pradhan Mantri Mudra Loan Yojana.

  • The person taking a loan should not be less than 18 years of age.
  • Applicant should not be a defaulter in any bank
  • Aadhar card
  • pan card
  • Permanent address of the application
  • Business Address and Proof of Establishment
  • Balance Sheet for last three years
  • Income Tax Returns and Self Tax Returns
  • Passport size photo

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Procedure for applying online under Mudra Yojana

  • First of all, you have to go to the official website of Mudra Yojana.
  • Now the home page will open in front of you.
  • On the home page, you will see the types of Mudra Yojana which is something like this.
  • Baby
  • Teen
  • Tarun
  • After this, a new page will open in front of you.
  • You have to download the application form from this page.
  • After this, you will have to take a printout of this application form.
  • Now you have to fill in all the important information asked in the application form carefully.
  • After this, you have to attach all the important documents.
  • Now you have to submit this application form to your nearest bank.
  • After verification of your application, you will be given a loan within 1 month.

Procedure for login to Mudra Portal

  • First of all, you have to go to the official website of Mudra Yojana.
  • Now the home page will open in front of you.
  • On the home page, you have to click on the login button.
  • Now a new page will open in front of you, in which you will have to enter your username, password, and captcha code.
  • Now you have to click on the login button.
  • In this way, you will be able to login into the currency portal.

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How to apply for Pradhan Mantri Mudra Loan Yojana 2021?

Interested beneficiaries who want to apply for getting a loan under this scheme can go to their nearest government bank, private bank, rural bank, and commercial bank, etc. with all their documents and apply.

  • After this, go to the bank from which you want to take a loan and fill the application form.
  • After filling the form and attaching it with all your documents, submit it to the bank official.
  • after verifying all your documents, the bank will give you a loan within 1 month.

Mudra Loan Scheme Helpline No. 2021- Pradhan Mantri Mudra Yojana

  • State phone number
  • Maharashtra 18001022636
  • Chandigarh 18001804383
  • Andaman and Nicobar 18003454545
  • Arunachal Pradesh 18003453988
  • Bihar 18003456195
  • Andhra Pradesh 18004251525
  • Assam 18003453988
  • Daman and Diu 18002338944
  • Dadra Nagar Haveli 18002338944
  • Gujarat 18002338944
  • Goa 18002333202
  • Himachal Pradesh 18001802222
  • Haryana 18001802222
  • Jharkhand 18003456576
  • Jammu and Kashmir 18001807087
  • Kerala 180042511222
  • Karnataka 180042597777
  • Lakshadweep 4842369090
  • Meghalaya 18003453988
  • Manipur 18003453988
  • Mizoram 18003453988
  • Chhattisgarh 18002334358
  • Madhya Pradesh 18002334035
  • Nagaland 18003453988
  • NCT of Delhi 18001800124
  • Odisha 18003456551
  • Punjab 18001802222
  • Puducherry 18004250016
  • Rajasthan 18001806546
  • Sikkim 18004251646
  • Tripura 18003453344
  • Tamil Nadu 18004251646
  • Telangana 18004258933
  • Uttarakhand 18001804167
  • Uttar Pradesh 18001027788
  • West Bengal 18003453344

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