PM Mudra Yojana: Want to start your own business but don’t have money? A scheme of the government can prove to be very beneficial for you. This is PM Mudra Yojana. Through this scheme, you can easily take a loan. Under the Pradhan Mantri Mudra Yojana (PMMY), a loan of up to Rs 10 lakh is given for non-corporate, non-agricultural small or micro enterprises. This loan is known as Mudra Loan. Commercial banks, RRBs, Small Finance Banks, MFIs and NBFCs distribute these loans.

Customers can also apply for Mudra loan online by visiting the portal www.udyamimitra.in. Loans are available under three categories under PM Mudra Yojana. Shishu, Kishor and Tarun. These categories are decided on the basis of growth/development and funding needs of the beneficiary micro unit or enterprise. Talking about Shishu loan, it covers loans up to Rs 50,000. It covers those businessmen who are either in the initial stage or who need less funds to start their business. The Kishor category covers loans up to Rs 5 lakh. It covers those businessmen who have already started their business and want more money to expand their business. At the same time, the third category Tarun loan covers loans up to Rs 10 lakh.

Agriculture related activities like fish farming, bee keeping, poultry, dairy, fisheries, agriculture clinic and agri business center, food and agro processing, etc.

If you want to start your business by taking Mudra loan, then you can apply for it by visiting the bank branch. You can also apply online by visiting the Udyam Mitra portal www.udyamimitra.in. Here your application goes to many loan giving institutions. Now the bank will give you a loan considering your capacity. Apart from banks, you can also take this loan from state-run co-operative banks, rural banks from the regional sector, institutions offering micro finance and Apart from banks, you can also take this loan from financial companies.