*= there are three types of currency scheme!

Baby,  Teen  Youth

*= Features of Mudra Loan:-

Guarantee/Safety Not Required! There is no fixed minimum loan amount. The maximum loan amount is up to ₹ 10 lakh. The payment term ranges from 12 months to 5 years.

*= Baby Loan:-

Given to those people who are starting their business. Under this, a maximum of Rs. Loan up to Rs. It has an interest rate of 10% to 12% p.a. with a repayment tenure of 5 years.

*=TeenLoan:-

This loan is for those whose business has already started but not yet established. The loan amount given under this is Rs.50,000. 5 lakh to Rs. takes place in between.

*= Youth Loan:-

This is for those people whose business has been established and needs money to increase it, in this the loan amount is 5 lakhs. 10 lakh to Rs. is in between.

*= Required Documents:-

Application Form Passport Size Photographs, KYC Documents, Proof of Identity, Proof of Residence, Proof of SC, ST, OBC, Minority, etc, Proof of Business Address and Tenure,

*= Mudra Loans can be availed mainly by shopkeepers, traders, vendors, and MSMEs working in manufacturing, trading and service sectors.

*= Mudra Yojana comes under the credit guarantee schemes of the Government of India!

*= Loan amount can also be used for term loan and overdraft service.

*= All non-agricultural businesses, meaning small businesses engaged in income generating activities can avail Mudra Loan!

*= The benefit of Mudra scheme can be availed through Mudra card.