Pradhan Mantri Mudra Yojana Online Apply Sbi:- Pradhan Mantri Mudra Yojana (PMMY) is a government initiative aimed at providing financial support to small and micro-enterprises in India.
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This scheme facilitates loans up to ₹10 lakh without the requirement of collateral, under three categories: Shishu, Kishor, and Tarun, catering to different stages of business growth. Here’s a detailed explanation in English about the scheme and how to apply online.
Pradhan Mantri Mudra Yojana Online Apply Sbi
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
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The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created four products namely ‘Shishu’, ‘Kishore’, ‘Tarun’ and ‘TarunPlus’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
What is the Pradhan Mantri Mudra Yojana (PMMY)?
Launched on April 8, 2015, PMMY focuses on enabling small businesses, non-corporate entities, and micro enterprises to access credit facilities. The scheme is a significant step towards empowering entrepreneurs and boosting the Indian economy.
- Shishu Loan: Up to ₹50,000 (For startups or businesses in the initial stage).
- Kishor Loan: ₹50,001 to ₹5,00,000 (For growing businesses).
- Tarun Loan: ₹5,00,001 to ₹10,00,000 (For established businesses seeking further expansion).
Interest Rates under PMMY
- The interest rates under PMMY are determined by the lending institutions (banks, NBFCs, MFIs) and depend on factors like loan amount, business profile, and tenure.
- Typically, the rates range from 8.4% to 12% annually. For precise details, applicants should consult with their respective banks or lending institutions.
How to Apply Online for Pradhan Mantri Mudra Yojana?
Visit the official Mudra website:- Go to the official Mudra Yojana website: www.mudra.org.in. Alternatively, you can visit platforms like Udyami Mitra or the official website of your preferred bank.
- Download or Fill the Application Form:- Download the Mudra loan application form from the bank’s portal (e.g., SBI, HDFC, etc.) or Mudra’s website.
- Ensure you select the correct loan category (Shishu, Kishor, or Tarun) based on your business needs.
- Submit the Required Documents:- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID, etc.
- Address Proof: Utility bills, Aadhaar, or other government-issued proofs.
- Business Plan: Clearly outline your business proposal, expected growth, and financial requirements.
- Bank Statements: Recent 6-month statements to verify financial credibility.
- Proof of Business: Registration certificate, GST certificate, or other valid proofs.
- Apply at a Bank or Online Portal:- Online Application: Visit the official bank portal (e.g., SBI’s Mudra application page) or apply via Udyami Mitra.
- Offline Application: Submit your application form and documents at the nearest bank branch offering Mudra loans.
- Track Application Status:- After applying, you can check the status of your application:
- Log in to the portal where you applied (e.g., Mudra.org.in).
- Use your reference or application number to track the progress.
Eligibility for PMMY
- Micro and small business owners, including proprietorships and partnerships.
- Entrepreneurs in manufacturing, trading, services, or agriculture-related sectors.
- Individuals aged 18 years and above.
- Businesses with a viable and profitable project plan.
Pradhan Mantri Mudra Yojana Application Form PDF Download
To download the Pradhan Mantri Mudra Yojana (PMMY) Application Form PDF, you can follow these steps and refer to the associated documents required for the process:-
Visit the Official Mudra Website:
Go to the official Mudra Yojana website: www.mudra.org.in.
Navigate to Resources or Application Section:
Look for the application form download option or directly consult the “PMMY Bankers Kit” section.
Bank-Specific Forms:
Alternatively, visit the official websites of participating banks, such as:
- State Bank of India (SBI): SBI Mudra Loan Page
- Punjab National Bank (PNB): PNB Mudra Loan Page
- HDFC Bank: HDFC Bank Mudra Loan Page
Download the Form:
The application form is usually available in PDF format. You can download, print, and fill it out offline.
Summary
The Pradhan Mantri Mudra Yojana (PMMY), launched on April 8, 2015, is a flagship scheme by the Government of India aimed at empowering small and micro-businesses. The scheme provides loans of up to ₹10 lakh to non-corporate, non-farm small/micro enterprises without requiring any collateral. It is designed to encourage entrepreneurship and foster economic development at the grassroots level.
