Pradhan Mantri Mudra Loan Yojana 2018

Government of India has been running various schemes for the betterment of citizens of India from time to time. Especially Prime Minister Narendra Modi has been conducting various schemes to help the needy people of the country. Pradhan Mantri Mudra Loan Yojana 2018 is one of the scheme in the schemes being run by Prime Minister Narendra Modi. This scheme is also known as Mudra Yojana.

Under Mudra Loan Yojana, a loan of up to Rs. 10 lakhs is provided by the Government of India. Mudra loans run by the government are available in three types – child loan, teen loan and young loan. Any citizen can avail the benefit of this scheme as per his requirement.

Aim Of Pradhan Mantri Mudra Loan Yojana 2018

• The main purpose of implementing this scheme is to provide loan to the citizens of the country at a reasonable interest rate. So that any citizen can start his own business. And he could become self-sufficient.
• Prime Minister Narendra Modi is conducting the Pradhan Mantri Mudra Loan Yojana to promote the small and medium sized industries of the country and to fulfill their financial needs.

Overview Of Pradhan Mantri Mudra Loan Yojana 2018

If you want to start a business of your own. But you do not have enough money to start this business. You can get the benefit of Pradhan Mantri Mudra Loan Yojana being run by the Indian government.
Under this scheme you can run your business smoothly by getting a loan from the government. Under this scheme needy person will get loan at low interest rate.

Government of India has undertaken this scheme to provide financial assistance to small organizations, companies and traders of the country.  Under which any citizen can get financial assistance from the Government of India.

The full name of the Mudra is “Micro Units Development and Refinance Agency Limited”.This is an institution which is being run by the Government of India under the leadership of Prime Minister Narendra Modi. The main objective of this institution is to provide financial support to the corporate and small business of the country.

Benefits Of Pradhan Mantri Mudra Loan Yojana 2018

1. The biggest benefit of this scheme is the loan will be available to the citizens without any guarantees.
2. There is no processing fee on loans received under this scheme.
3. Payment period of this loan can be extended up to 5 years.
4. Under the money scheme, people will get loans up to ₹ 50000 to ₹ 10.
5. The interest rate of loan received under this scheme is less than other bank loan.

Types Of Pradhan Mantri Mudra Loan Yojana 2018

There are following types of Pradhan Mantri Loan Yojana 2018-

Child loan– Under this, any person who wants to set up his small business. Or you want to move on to the ongoing business. Under this, it can get a loan of up to 50000. Under this, interest rates range from 10 to 12%.

Teenage Loans- This is for those who want to expand their business further. Under this, loans up to ₹ 50000 to ₹ 5 lakh can be obtained. Under this loan the interest rate lasts from 14 to 70%.

Tarun Loan- Under this loan, they can get all small business loans. Who want to expand their business. Under this, any eligible citizen can avail loan upto Rs 10 lakhs. Under this loan the interest rate starts from 16 percent.

Mudra Card

While giving loan under Pradhan Mantri Mudra Loan Scheme, all loan applicants will also get Mudra card by the bank. This card is like ATM Card.

By this card the applicant can spend up to 10% of the money. You can use it anywhere to withdraw and pay any ATM. The main purpose of the Mudra card is to fulfill all the requirements of traders’ working capital (current capital).

Required Documents For Pradhan Mantri Mudra Loan Yojana

If you want to apply for Pradhan Mantri Mudra Loan Yojana in any bank. You will need some required documents mentioned below –

• Identity card – Voter ID, driving license, PAN card, Aadhar card, passport.
• Certificate of identity – telephone bill, electricity bill, property tax slip, voter ID card, Aadhar card, passport.
• Caste certificate
• Business certificate
• Statement of bank account if you are an existing customer of that bank.
• Project report
• Photo

Banks and Institutions which provides Pradhan Mantri Mudra Loan Yojana –

Almost all the banks in India provide loans to the citizens under the Mudra Loan scheme. You can get loan from the following banks under Pradhan Mantri Mudra Loan Yojana –

• From 27 public bank
• From 17 private bank
• 31 Regional Rural Banks
• From 4 cooperative banks
• 36 Microfinance Institutions
• From 25 NBFC

Apply Form For Pradhan Mantri Mudra Loan Yojana

If you want to receive any kind – child, teen and tarun loan. So you have to follow the steps mentioned here. With which you will be able to get loans easily –

1. First of all, the applicant will have to choose one of the banks that provides Mudra loan in their area.
2. After this the applicant will have to go to the nearest bank.
3. Now after reaching the bank, you will have to give your business idea and completely corrected form together with identity certificate, business certificate and recent passport size photographs and other necessary documents.
4. After completing all the required steps by the bank, if the applicant is found eligible for the loan, then the loan will be made available. This process may take some days.

Pradhan Mantri Mudra Loan Yojana Helpline Details-

If you need any help under the Mudra Loan Scheme, you can find more about this with the help of the mentioned below phone number email website. And you can get a solution to your problems.

Mudra Loan Yojana Website- Click here

Mail – help@mudra.org.in.

Toll Free Call – 1800 180 1111 call – 1800 11 0001

Complaint (Help Line) Number for Pradhan Mantri Mudra Loan Yojana

Here, the complaints and help line numbers of all states for Pradhan Mantri Mudra Loan Yojana are available. Where you can make any kind of information, support and complain related to Pradhan Mantri Mudra Loan Yojana.

S. No	Place	Help Line No
1	Andaman and nicobar islands	18003454545
2	Andhra Pradesh	18004251525
3	Arunachal Pradesh	18003453988
4	Assam	18003453988
5	Bihar	18003456195
6	Chandigarh	18001804383
7	Chhattisgarh	18002334358
8	Dadra and Nagar Haveli	18002338944
9	Daman and Diu	18002338944
10	Goa	18002333202
11	Gujarat	18002338944
12	Haryana	18001802222
13	Himachal Pradesh	18001802222
14	Jammu and Kashmir	18001807087
15	Jharkhand	1800 3456 576
16	Karnataka	180042597777
17	Kerala	180042511222
18	Lakshadweep	0484-2369090
19	Madhya Pradesh	18002334035
20	Maharashtra	18001022636
21	Manipur	18003453988
22	Meghalaya	18003453988
23	Mizoram	18003453988
24	Nagaland	18003453988
25	Delhi	18001800124
26	Orissa	18003456551
27	Puducherry	18004250016
28	Punjab	18001802222
29	Rajasthan	18001806546
30	Sikkim	18003453988
31	Tamil Nadu	18004251646
32	Telangana	18004258933
33	Tripura	18003453344
34	Uttar Pradesh	18001027788
35	Uttarakhand	18001804167
36	West Bengal	18003453344

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