Mudra Loan: Who will get a loan of Rs 20 lakh? Know here what the rules say

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Pradhan Mantri Mudra Yojana: The central government runs many beneficial and welfare schemes just like the state governments. Through these schemes, the work of providing benefits to the needy and eligible people is done.

In this sequence, there is a scheme Pradhan Mantri Mudra Yojana which is run by the Government of India. Under this scheme, loans are given to eligible people by the government. In such a situation, if you are also eligible, then you can take advantage by joining this scheme, but do you know who will be able to take advantage of the loan of Rs 20 lakh now? Maybe not, but you can know here who will get this facility.

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  • In fact, while presenting the budget recently, Finance Minister Nirmala Sitharaman had announced that now under the PM Mudra Yojana, a loan of Rs 20 lakh will be available instead of Rs 10 lakh. This announcement is very beneficial for the people associated with the scheme, but it becomes important to know who will get its benefit and who will not.

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These people can get benefit:-

  • If we talk about those people who can get a loan of Rs 20 lakh, then first of all it includes those people who have repaid the Tarun loan taken earlier on time.
  • You can get this benefit only if you are a citizen of India, otherwise not
  • Even if you do not have a bank account, you will not be able to get these benefits
  • If you want to take advantage of this, then your age should be more than 18 years
  • If you are declared a defaulter by the bank, then you cannot get these benefits because you are considered ineligible.
  • Those who want Mudra loan for the corporate sector, they should know that they will not be able to get this loan

This is how you can apply for a loan:-

Step 1

  • If you also want to avail the loan under PM Mudra Yojana, then for this you first have to visit the official website of the scheme mudra.org.in
  • Here you have to choose the loan category, like which loan do you want among Shishu, Kishor and Tarun
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