The Indian government is providing Indians who want to launch a new business with an Mudra Loan 2024 of up to five lakh rupees. In addition to lowering unemployment, it will assist expand economic opportunities in India. Therefore, you can apply for a Mudra Loan Registration 2024 if you are also unemployed and would like to launch a new company with government assistance. You will get enough money from the government to launch a new company. This article contains information on the Pradhan Mantri Mudra Mudra Loan Eligibility Criteria 2024, key document list, application process, and other details.
Mudra Loan 2024
The Indian Government has started its Mudra Loan 2024 and they invited a number of banks, so that they offer a good amount of loan to their eligible candidates. To get the amount under this scheme you have to meet all eligibility criteria’s that are set by the Indian Government. Mudra Loan Scheme is for those candidates who want to start their new business at a small level and they want a minimum loan amount only. The business such as fruit vegetables, taxi driver, tractor operator, general store and so on are included under this scheme. As we already know, business loans always come with a higher rate of interest and maximum amount. If you want to go for this they get the option to choose the minimum amount of loan with less rate of interest. In February 2024, PM Kisan 19th Installment 2024 will also be released by PM Modi.
According to the resources you can apply for Mudra Loan for maximum Rs/- 10 lakhs. Most banks set a limit under 50,000 to 10,00,000 so it becomes very much easier to start any legal small business. This scheme comes under three parts. First is the Shishu Mudra Loan with a maximum 50,000. Kishore Mudra Loan for Maximum 5 Lakhs and Tarun Mudra Loan with 10,00,000. So it depends on your business ideas which are suitable for you. Recently, PM Internship Scheme 2024 is also launched by the Prime Minister to help the Youth of India.
Pradhan Mantri Mudra Loan 2024
| Scheme | Pradhan Mantri Mudra Loan 2024 |
| Government | Indian Government |
| Category | Small Business Loan |
| Amount | 50,000 to 10 Lakhs |
| Loan For | Taxi Drivers, Fruit Vendors, Vegetable Vendors and so on |
| Application Mode | Online and Offline |
| Category | Yojana |
| Official Portal | www.mudra.org.in. |
| Our Homepage | rngujarat.org |
Eligibility Criteria For Mudra Loan 2024
Check the following Mudra Loan Eligibility Criteria 2024; if you meet them, you can do so with ease:
- When applying for a Mudra loan, the candidate must be at least eighteen years old.
- Only Indians may apply for this loan.
- For the Mudra loan to have lower interest rates, the applicant’s Cibil score must be high.
- Applications should be used for any MSME-related activity, including manufacturing facilities and service providers.
- Your bank account is connected with your Aadhar and PAN Card.
- The applicant’s business information must be registered on the Udyam government portal.
- A valid GST number is required.
Documents Required For Mudra Loan Registration 2024
Following is the list of Documents Required For Mudra Loan Registration 2024.
- PAN Card
- Aadhar Card
- GST number details
- Business registration information
- Domicile certificate
- Category certificate ( if applicable)
- Udyam registration details
Maximum Mudra Loan Amount 2024
Loans up to Rs. 10 lakh with a maximum repayment period of five years are available through the Pradhan Mantri MUDRA Yojana (PMMY). The loan categories indicate the applicant’s finance need and developmental stage:
| Category | Maximum Mudra Loan Amount 2024 |
| Shishu Category | Upto 50,000 |
| Kishore Category | 50,000 to 5 lakhs |
| Tarun Category | 5 lakhs to 10 lakhs |
Steps To Apply Online Mudra Loan 2024
In Order to Apply Online Mudra Loan 2024, you can go through the steps below.
- Go to the e-Mudra Loan Website.
- The ‘Apply Now’ option on the homepage should be clicked.
- After reading the directions in either Hindi or English, click “Ok” to move on to the following page.
- Enter the required loan amount, your SBI savings or current account number, and your mobile number.
- Now click on the “Proceed” button.
- Upload the required files.
- With an electronic signature, accept the eMudhra terms and conditions. To accomplish this:
- Enter the number from your Aadhaar.
- To allow your Aadhaar to be used for the e-Sign, check the corresponding option.
- An OTP will be shared by de[partment on your registered mobile number.
- To finish your application, enter the OTP in the designated field.
- With less paperwork and quicker approvals, SBI’s e-Mudra service makes it simpler to get your loan approved.
mudra.org.in Registration 2024 Links
FAQs On Mudra Loan 2024
Applications are open for those Indians who want to establish a small business.
Development and Refinance Agency for Micro Units.
Depending on the loan amount, there are three types: Tarun, Kishore, and Shishu.
A maximum of ₹50,000.
Between ₹50,000 and ₹5,00,000.
Between 5,00,001 and 10,000,000.
No collateral is needed for Mudra Loans.