Pradhan Mantri Mudra Yojana (PMMY) is a good scheme of the Government of India which was launched in 2015 to provide affordable credit to non-corporate and non-agriculture micro and small enterprises (SMES sector).
The object of Mudra loans to bring business enterprises into the formal financial system. Under this scheme Loans are available to non-farm micro or small enterprises engaged in manufacturing, trading and services so all Non-Corporate business like proprietorship or partnership firms who are running small manufacturing units, trading business, service sector units, shopkeepers, fruits & vegetable vendors, food-service units, truck operators, repair workshop, machine operators, small industries, food processors and others in rural and urban areas, are eligible for funding assistance under Mudra scheme.
These loans are providing by commercial banks, Small finance bank, NBFCs, Cooperative bank so borrower can approach these institution to avail the loan facility. Loan can apply online as well as offline.
There are three product introduce under this scheme.
1. Shishu - Loan Limit up-to 50,000/-
2. Kishore - Limit from 50,000 to 5,00,000/-
3. Tarun - Limit From 5,00, 000 to 10,00,000/-
We provide Mudra Loan consultancy services where we understand the client requirement, prepare business project report, apply for necessary licence, and assist to complete Mudra Loan documentation part. Thousands of small and medium business successfully avail our consultancy and get Mudra loan and running their business successfully.