Pradhan Mantri Mudra Yojna 2017-18

The Union Government has Inaugurated Pradhan Mantri Mudra Yojna 2017-18. It is a loan scheme to Non corporate, Non farm sector under micro and small enterprises segment. This Scheme is for those micro and small segments which are engaged in income generated activities, manufacturing and trading services whose credit needs are up to 10 lacs. Those peoples whose are started their own business and need financial help, can registered for Pradhan Mantri Mudra Yojna.

Mudra Stands for Micro Units Development & Refinance Agency Ltd. Mudra is a new organisation set up by Government of India in the leadership of PM Sh. Narendra Modi to provide funding to the all Non Corporate Small Business Segments (NCSBS) such as small manufacturing units, service sector units, shopkeepers etc. Main mission of this scheme is to create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security.

Three Category has been named under Pradhan Mantri Mudra Yojna, which includes:

• Shishu: Loan up to Rs. 50,000/-
• Kishore: Loan ranging from rs. 50,000/- to Rs. 5,00,000/-
• Tarun: Loan ranging from Rs. 5,00,000/- to Rs. 10,00,000/-

• Name of Authority: Govt. of India
• Scheme Name: Pradhan Mantri Yojna
• Launched on: 8th April, 2015
• Inaugurated by: Sh. Narendra Modi
• Last Date: No last date
• Scheme Status: Active
• Duration of Scheme: 7 years
• Loan Scope: Anywhere in India
• Loan Amount: Rs. 50,000/- to Rs. 10,00,000/-
• Loan Types: Shishu, Kishor and Tarun
• Beneficial for: Small and Micro Enterprises Segments
• Official website: www.mudra.org.in

Who can apply for Pradhan Mantri Mudra Yojna

• Engaged into Income Generated Activities
• Engages into Manufacturing / Trading Services
• Whose needs are up to Rs. 10,00,000 /-
• All Non Farm Enterprises
• Micro and Small Segment Enterprises
• Peoples who has started their own business or company

Main Feature of Pradhan Mantri Mudra Yojna 2017-18

• Loan under this scheme are collateral free
• Employment and High GDP Growth
• To evaluate the performance rating and later accreditation for first time
• to set up a good method of using a last mile credit agent scheme system to small and micro enterprises
• Low cost of finance

Interest Rate:

Limit	Micro Enterprises	Small Enterprises
Up to Rs. 50,000	Base Rate	Base Rate + 0.50%
Above Rs. 50,000/- to Rs. 2,00,000/-	Base Rate + 0.50%	Base Rate + 1.00%
Above Rs. 2,00,000/- to Rs. 10,00,000	Base Rate + 1.00%	Base Rate+ 1.25%

Mudra Loan Lending Institutes:

• Co-Operative Banks
• Private Sector Banks
• Public Sector Banks
• Mainline NBFCs
• Regional Rural Banks
• Micro Financial Institution

Required Documents for Pradhan Mantri Mudra Yojna 2017-18

• Residential Proof
• Identity Proof like Aadhar Card / Voter Card / Pan Card /Passport etc
• Category Certificate like Schedule Caste Certificate / Schedule Tribes Certification / Other Backward Class Certificate
• Quotation of Machinery / Other Item to be purchased
• Applicant's current photograph
• 2 copies of photograph of each Proprietor/Partner
• Project Balance for One Year
• Sales achieved during the current financial year

How to Register for Pradhan Mantri Yojna 2017-18

1. Log on to the official website at www.mudra.org.in
2. Click on Download Application Form
3. Visit the Private / Commercial Bank
4. Present Your business idea
5. Complete all formalities as per bank instructions
6. Your Loan will be sanctioned  after Verification

For more details about online registration for Pradhan Mantri Mudra Yojna 2017-18, candidates can visit to the official website at-www.mudra.org.in. Thank you!