Through the Central Government Scheme 'Pradhana Mantri Mudra Yojana' Rs. Loan assistance up to 10 lakhs can be availed. Agriculture and non-agriculture sectors are eligible for this loan. Loans can be availed for agriculture such as beekeeping, poultry, dairy. In non-agricultural sectors, the loan can be taken for industries such as vegetable sellers, food service units, repair shops, handicraftsmen, machine operators, etc. This loan is provided by the bank. But the relevant applications for the loan have to be submitted. Loan assistance will be given only after examining the applications.
However, Mudra loan limit has been increased recently. Till date Rs. 10 lakh to Rs. Increased to 20 lakhs. But Rs. There are some conditions to get 20 lakhs. Mudra loan is offered in three types. One of these consists of sections called Sishu, Kishore and Tarun. If the loan is less than Rs.50 thousand, it is called Shishu Loan. 50 thousand to Rs. If the loan is up to 5 lakhs it is called Kishore loan. If you get a loan from Rs.5 lakh to Rs.10 lakh, it is called Tarun loan.
Whoever takes a tarun loan and repays it properly.. without any EMI.. they will get Rs. 20 lakh limit is possible. Only they will get a loan of Rs.20 lakh. It means that if they apply for another loan that has been duly paid by taking the mudra loan till now, they will have to pay Rs. 20 lakh scheme is applicable. Before taking mudra loan one should realize this.
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