[email protected]
  • Facebook
  • Twitter
  • Youtube
  • Instagram
AATMNIRBHAR SENA
  • Home
  • About Us
    • Our Leaders
    • Our Mentors
  • Initiative
    • Startup Eco System
    • Mentorship
    • Training to Enterprise
    • Market Research
    • Business and Compliance Training
    • Capital Assistance
    • 100-bed Super Speciality Hospital: A Major Step in the Sphere of Healthcare Services in Sitamarhi
  • Media
    • Our Videos
    • Our Gallery
    • Blogs
  • Contact Us
  • +91-9597642888
  • Join ANS
AATMNIRBHAR SENA
AATMNIRBHAR SENA
Blogs - MUDRA Loan Scheme – Restoring Lives, Revitalizing Lives

MUDRA Loan Scheme – Restoring Lives, Revitalizing Lives

Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Oct 09, 2020
Atmanirbhar Bharat, Central Govt. Schemes, Startups
MUDRA Loan Scheme – Restoring Lives, Revitalizing Lives

MUDRA loan scheme launched by Indian’s Government a scheme in the name of the MUDRA loan on 8th April 2015 to extend affordable loans to the non-corporate, non-farm micro, and small-small enterprises to look after their financial needs. MUDRA loan scheme stands for Micro Units Development and Refinance Agency. The MUDRA scheme aims at bringing the target audience into the financial fold. The plan acts as a refinancing institution providing loans up to Rs. 10 lakhs maximum to the eligible sectors through the Commercial Banks/Cooperative Banks/NBFC and MFI.

Why is the MUDRA Loan Scheme, also known as Small-Business Loans?

MUDRA Loan Scheme aims to increase the aspiring young person/ budding entrepreneurs’ confidence to expand their business in the best possible manner with sufficient mode existing. There are approximately 5.77 crores smaller micro-units globally, engaging around 12 crore people, mostly individual proprietorship. Over 60% of units are owned by suppressed classes like scheduled Caste, scheduled Tribe, or other backward classes. Most such companies are outside the formal banking system’s scope, and hence they are forced to borrow money from informal sources or use their limited owned funds not enough to cater to their business needs. MUDRA Loan Scheme has bridged this gap. This way MUDRA scheme has been fulfilling the needs of the small business enterprises by assisting them with funds to kick start with the new venture and motivate the youth of today to take up small-small business ventures to earn a livelihood contributing in the economy. Amidst the coronavirus crisis, our economy got severely hit. Consequently, various sectors got immensely affected, resulting in business shutdowns, job losses, etc. In these dark times, schemes like MUDRA have helped many small business enterprises, budding entrepreneurs in restoring their financial condition by affording loans at lower rates.

Details about MUDRA Loan Scheme

Under the MUDRA loan scheme’s aegis, loans up to Rs 10 Lakh provided to income-generating small/micro-enterprises engaged in the manufacturing, trade, and service sectors. Under the PMJDY, an overdraft facility is classified under the MUDRA loan. These three categories of the MUDRA loan scheme based on the stated parameters making the business viable:

  • Shishu loan– These kinds of loans are for entrepreneurs who are willing to establish their business. The maximum loan sanctioned under this is Rs. 5000 in favor of budding entrepreneurs.
  • Kishore loan– Under the MUDRA scheme, this loan category acts towards those entrepreneurs looking to expand their established business by infusing funds to their venture. The loan sanctioned under this category ranges between Rs 5001 to Rs. 5 lakhs.
  • Tarun loan- Under this category of loan, established businesses that are doing well but still are willing to diversify their field by opting for innovative ideas and techniques seek help. The loan sanctioned ranges between Rs 500001 to Rs 10 lakhs.

Who can Receive the Benefits of the MUDRA Loan?

benefits of the MUDRA Loan

What all Essential Documents required before Applying for the MUDRA Loan?

Before applying for the MUDRA scheme, individuals/ organizations must be ready with handy vital documents like business plans, duly filled application form, JYC document, proof of residence, identity proof, registrations & licenses, business address, and tenure proof, certificate of belonging to any special category, etc.

MUDRA Loan Scheme Interest Rate

The interest rate under the scheme varies from bank to bank as they follow their definite guidelines to finalize; however, the rates also differ from profile to profile and the enterprise’s business requirements.

In what ways MUDRA Loan Scheme has benefitted Women?

MUDRA scheme encourages women entrepreneurs by assisting them by availing easy loans at lower rates. For that, Govt. of India has urged various financial institutions, like Micro Finance Institutions, to consider extending privileges, such as reducing interest rates on the women borrowed loans. Currently, MUDRA facilitates a reduction of 25 Basis points in the interest rates offered from NBFCs and MFIs to women entrepreneurs.

What is the role of Aatmnirbhar Sena under the MUDRA Loan Scheme?

Aatmnirbhar Sena has been at the forefront and is playing an active role in assisting the Government in implementing the MUDRA scheme in all possible manners. Availing the benefits without the mechanism of how to use it leaves the service for no use; this is where our role as an Aatmnirbhar Sena comes into action. We have been assisting all the budding entrepreneurs and business organizations in availing the benefit of this MUDRA scheme by helping them at every step, starting from applying for the loan until the time of establishing their business. We provide mentorship programs, workshops, and skill development classes to make the entrepreneurs aware of the latest ideas and techniques of blooming their business.

Search

Categories

  • Andhra Pradesh Govt Scheme
  • Assam Govt. Scheme
  • Atmanirbhar Bharat
  • Bihar Govt. Scheme
  • Business
  • Central Govt. Schemes
  • Gujarat Government Scheme
  • Haryana Govt Scheme
  • Himachal Pradesh Govt Scheme
  • Investment in Bihar
  • Karnataka Govt. Scheme
  • Latest News
  • Madhya Pradesh Govt. Scheme
  • Make in India
  • MSME
  • Other
  • Rajasthan Govt. Scheme
  • Startups
  • Tripura Govt. Scheme
  • Uttar Pradesh Govt Scheme
  • Uttarakhand Govt. Scheme
  • Yojana

Recent Posts

  • Investment in Bihar 2022: बिहार में उद्योगों के लिए हैं काफी संभावनाएं: अनुदान सहित सहायता देगी बिहार सरकार
  • Hotel Business in Bihar: बिहार में होटल का बिजनेस कैसे शुरू करें
  • Top 10 Small Business in Bihar: बिहार में शुरू करने के लिए 10 शीर्ष बिज़नेस आईडिया
  • भारत में चिया सीड्स की खेती कर कमाएं बड़ा मुनाफा, जानें क्या हैं इस फसल के फायदे
  • बिहार छत पर बागवानी योजना: छत पर बागवानी से सब्जियां उगाएं और 50 फ़ीसदी तक अनुदान भी पाएं

Related Blogs

Labor Codes passed in Parliament

श्रमिकों को आत्मनिर्भर बनाने की दिशा में संसद में पारित हुई 3 श्रम संहिताएं

Atmanirbhar Bharat
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Sep 25, 2020
Micro Entrepreneurship Development Programmes

Micro-Entrepreneurship Development Programmes

Startups
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Aug 14, 2020
Startup Ecosystem in India

Role of Startup Ecosystem in India and what’s in Store for 2021

Startups
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Jan 12, 2021
Five Star Villages Scheme

Five Star Villages Scheme: Outreaching Postal Products in Rural Areas

Central Govt. Schemes
Avatar for Vaishali Choudhary
Vaishali Choudhary
Feb 13, 2021
Role of startup ecosystem 2021 in India

भारत में स्टार्टअप इकोसिस्टम की भूमिका और 2021 में क्या है नया

Atmanirbhar Bharat
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Jan 22, 2021
Tomato Sauce Making Business

Tomato Sauce Making Business: A Condiment Business on the Rise

Startups
Avatar for Vaishali Choudhary
Vaishali Choudhary
Mar 17, 2021

Quick Link

  • About Us
  • Our Videos
  • Our Gallery
  • Donate
  • Join ANS
  • Contact Us

Our Initiative

  • Startup Eco System
  • Mentorship
  • Training to Enterprise
  • Market Research
  • Business and Compliance Training
  • Capital Assistance

Legal links

  • Terms & Condition
  • Privacy Policy
  • Blogs
  • Sitemap

AATMNIRBHAR SENA

B 78 Sector 60 Noida 201301 Uttar Pradesh India.
Call On: +91-9711318000
[email protected]
Copyright © 2023 AATMNIRBHAR SENA. All Right Reserved.