Punjab National Bank Mudra loan features
Punjab National Bank Mudra Loan Nov 02 2024
Punjab National Bank Mudra loan Purpose
Punjab National Bank Mudra loan typesMudra Loans are classifications under three sorts which are referenced beneath with loan sum: Shishu YojanaThe loan sum offered is up to Rs 50,000. This scheme is specifically customized for those who need a small capital to set-up their new business. To avail of this loan, the applicants have to present their business ideas. Kishore YojanaThe loan sum offered is between Rs 50,000 and Rs 5 lakh. To avail of this loan, the business must fill the loan application and should present proper business documents to showcase the business’s current status in the market. Tarun YojanaThe loan sum offered is between Rs 5 lakh and Rs 10 lakh. Small business owners who have a full-fledged running business and want to expand more can opt for this category of Mudra Loan.
About Punjab National Bank Mudra loanMicro Unit Development and Refinance Agency Ltd (MUDRA) has been issued by Honorable Prime Minister on 8th April 2015 as another monetary element, for creating and renegotiating as last-mile budgetary middle people, similar to, Banks, NBFCs, Micro Financial Institution (MFI), and so forth who are in the matter of loaning to even the littlest of the Micro Enterprises in assembling, exchanging and administration area. The meaning of miniature unit for the reasons for MUDRA’s exercises ought not to be connected with MSME or some other Act. This section fundamentally comprises of Non-Farm Enterprises in assembling; exchanging and benefits whose credit needs are up-to Rs.10Lakh. Punjab National Bank Mudra Loan Eligibility CriteriaThe borrower ought not to have defaulted on installments with any bank or money related organization. Private restricted organizations, Sole Proprietorships, Partnership Firm, Limited Liability Partnership (LLP), and Individuals are qualified for PNB Mudra Loan. The business for which the credit is required must be in salary creating areas in administration, assembling, or exchanging areas. In addition, organizations in agribusiness unified exercises, for example, fish cultivating, agriclinics, etc are likewise qualified for PNB Mudra Loan.
Punjab National Bank Mudra loan documents requiredBasic Documents required across Mudra schemes are:
Additional Documents required for Tarun and Kishore schemes
Punjab National Bank Mudra CardA Mudra card is a debit card that is issued against the loan taken under the PMMY account. MUDRA Card can be used in multiple withdrawals and credits to manage the working capital limit in a cost-efficient manner at the same time keeping the interest burden to a minimum. A MUDRA Card can be operated across the country for withdrawal of cash from any ATM/micro ATM and also make payment through any ‘Point of Sale’ machines. How to Apply for Punjab National Bank Mudra Loan?
Punjab National Bank Mudra Loan Agent and Contact NumberDialabank is the primary authority for benefitting the Punjab National bank’s Mudra Loan. You can apply online at Dialabank or give a call at +919878981166 Dialabank makes you find the best option of Banks and NBFCs by outfitting you with an ordered market assessment of different banks so you can make the right choice.
Punjab National Bank Mudra Loan FAQs✅ What is the interest rate Punjab National Bank Pradhan Mantri Mudra Yojana scheme?The interest rates charged on the PMMY scheme is 8.05% and but also vary on the credit history of the borrower. ✅ Is there any subsidy for the Punjab National Bank Pradhan Mantri Mudra Yojana scheme?Presently there are no subsidies available on the PMMY scheme. ✅ Is there any security needed for the Punjab National Bank Pradhan Mantri Mudra Yojana scheme?Loans under the PMMY scheme are unsecured in nature; thus, the borrower does not need to keep anything as collateral or security with the lender. ✅ Is a guarantor required for the Punjab National Bank Pradhan Mantri Mudra Yojana scheme?Loans under the PMMY scheme are unsecured; therefore, no form of security is required. Menu |