MUDRA Yojana Guidelines
Objective: MUDRA Yojana was launched by the Indian government to provide financial support to micro and small enterprises (MSEs) engaged in manufacturing, trading, and service activities.
Eligibility: Any Indian citizen who wants...
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MUDRA Yojana Guidelines
Objective: MUDRA Yojana was launched by the Indian government to provide financial support to micro and small enterprises (MSEs) engaged in manufacturing, trading, and service activities.
Eligibility: Any Indian citizen who wants to start a micro-enterprise or expand an existing one can apply for a loan under the MUDRA Yojana. The scheme is open to all types of enterprises, including proprietorship firms, partnership firms, private limited companies, and limited liability partnerships (LLPs).
Loan Amount: Under the scheme, loans are offered in three categories - Shishu, Kishor, and Tarun. The loan amount can be up to Rs. 50,000 for Shishu, up to Rs. 5 lakh for Kishor, and up to Rs. 10 lakh for Tarun.
Interest Rate: The interest rate on loans under the MUDRA Yojana is determined by the lending institution, but it cannot exceed the RBI's guidelines. Currently, the interest rate ranges from 9.75% to 14.50%.
Repayment Period: The repayment period for loans unde
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