Mudra Loan Services: Empowering Small Businesses with Financing Solutions
The Mudra Loan Scheme, launched by the Government of India, provides funding to micro and small enterprises, empowering them to grow and expand. Under the Pradhan Mantri Mudra Yojana (PMMY), individuals and businesses can apply for loans up to ₹10 lakh without collateral, supporting ventures in various sectors.
Benefits of Applying for a Mudra Loan
No Collateral Required
Mudra loans are unsecured, making them accessible to a wide range of businesses.
Low-Interest Rates
Competitive interest rates make loan repayment easier and affordable.
Flexible Repayment Tenure
Loan tenure options provide repayment flexibility for small businesses.
Supports Multiple Sectors
Available for manufacturing, trading, services, and agriculture-linked enterprises.
Eligibility for Mudra Loans
Mudra Loans are primarily offered to individuals and small businesses in the non-farm sector. Eligible businesses include: