PRADHAN MANTRI MUDRA YOJANA

13/02/2019

MUDRA (Micro Unit Development & Refinance Agency) provides refinance to micro-business under the Scheme of Pradhan Mantri MUDRA Yojana. Indian economy is growing slowly and steadily and to support more and more small and medium enterprises NBFC’s have stepped in. They are in plan to provide financial support to as many as possible small and medium enterprises. These small medium enterprises include fruits & vegetable vendors, small fleet operators, repair & maintenance shops etc. To meet the requirement of such financial issues the banking standard measures will not get affected. These micro units are predominantly sole proprietorship or own account enterprises, a segment that usually fails to meet the stringent checks of banks for loans.

The financing scheme of PMMY has been divided into 3 major financing categories as Shishu, Kishor & Tarun. The division is done on the bases of fund required by the beneficiary for enhancing their enterprises or business.

MUDRA Yojana Offers

S.no	MUDRA Types	Loan Amount
1	Shishu	Covering loan up to Rs. 50,000/-
2	Kishor	Covering loan above 50,000 & up to 5 Lakh
3	Tarun	loan above 5 Lakh to 10 Lakh

Purpose of MUDRA Loan:

Equipment Finance for Micro Units
Business loan for shopkeepers, Vendors, Traders & other Service Sector activities
The working capital loan through MUDRA Cards
Transport Vehicle loans

Benefits of Mudra Yojana:

No minimum limit is set for MUDRA loans.
Applicant need not submit any security for availing MUDRA Loan
No processing charges are applicable
A loan can be availed by all small & medium enterprises who are engaged in the generation of income and employment
Loan amount acquired by the applicant can be utilized for different purposes since the loan facilitates its extend under Pradhan Mantri MUDRA Yojana

Funding Support of MUDRA Yojana/ loan is of 4 types

Women Enterprise programmed
Micro Credit Scheme for loans up to 1 lakh finance through MFIs
Refinance Scheme for Scheduled Co-operative Banks, Commercial Banks, and Regional Rural Banks
Securitization of a loan portfolio

MUDRA Yojana or Loan is a best business loan option for all those who are planning to run their business at large scale. Apply for a personal loan and fulfill your dreams under the guidance of the government. The government itself is promoting enterprises and business plan by empowering small medium enterprises, enterprising women and strengthening nation.

A go-to guide for to be Car Owners

Listening to the roar of an engine, seeing the spread of broad headlights and touching that glamorous interior in the new car is the real feel. Everyone lives with a dream of having their own car and it takes years of hard work an determination to fulfill the dream of your own car. There are various key factors one must take care of while applying for an Auto Loan. This blog is a go-to guide for to be car owners.

Do your Homework properly:

Yes, thorough research and collecting information about product and services won’t harm you infect save you from all those troubles in future. There are thousands of car dealers, schemes and loan providers, out of which some are fair some are not. When you plan to apply for an auto loan, always check scheme, offer, and deals provided by other dealers and banks for a better return. In case you don’t want to do it by yourself, hire an adviser.

Choose the right time to hit the right deal:

Every car dealer has their respective target to meet. Applicants need to wait for that right time when maximum offers and deals are brushed out. Mostly it’s an end of the year when the sales team struggle to meet their target, this is the right time when there is a scope to secure a sweet deal in your favor.

Say Yes to test Drive:

Because you have to go a million miles ahead so don’t settle for something you are not even sure about. Never ever make a final decision on the basis of outside appearance or just because you are getting a good deal. Things look good when they are served in a proper proportion. Check all offers & loan schemes when you apply for an auto loan in Delhi. Similarly, go for a test drive, get engine check by best mechanism, interior and scratch and any dent outside before signing the paper.

Don’t forget about Credit Score:

Your credit history plays a vital role in approving your auto loan request in any of the banks. If you hold a good credit score you will be surprised to see how many versatile options you will get. This will help you in getting lower interest rates and other benefits. In case you have never checked your credit score then know more about how to get CIBIL credit scores online.

Get your finance done:

Now that you have made up your mind about getting a car loan in Delhi NCR, there is a lot you can choose from. Although there are options for you but not every option is best suitable to meet your need. When you apply for an auto loan, check for terms & conditions, eligibility criteria, interest rates etc. Be very careful, while making the final decision of choosing loan type.

Car Insurance is spinal:

Like all other shopping, car insurance shopping is equally important. While doing so don’t just go and pick one randomly but put all your best of efforts because Insurance is very important. Don’t go for the cheapest one, explore the options, and choose the one with maximum cover fits.

Makemymoney

Thursday, February 14, 2019