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Mudra Loan Scheme- Application Form, Complete Details Online

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Mudra Loan Scheme known as Pardhan Mantri Mudra Loan Scheme (PMMY) is a new type of loan scheme initiated by the prime minister of India shri Narendra Modi to provide financial help by providing loans at reasonable interest rates. The mean of Mudra word is Micro Units Development and Refinance Agency (MUDRA). It is a government authority builds up through the guidance and approval of Indian government for the evolution and refinancing operation which is associated to micro units.

Official web site: http://www.mudra.org.in/

Main aim of this organization is to support non corporate small business by providing funds. Approximately, loans will be given to small tycoon under the Pradhan Mantri MUDRA Yojana. Micro units are called to small organizations, companies, start ups and entrepreneurs of India. Under this scheme, three type of loans are sanctioned that are shishu loans up to 50000, kishore loan (50000 to 5 lakh) and the last one is tarun loan above 5 lakh & below to 10 lakh.

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