Skip to main content

Pradhan Mantri Mudra Yojana

OBJECTIVE
To fund the unfunded and to bring the millions of units which are existing outside the formal banking fold and are unable to sustain or grow due to lack of finance or relying on informal channels ,which are expensive or unreliable by bringing such enterprises to the formal financial system and extending affordable credit to them.

Eligibility

Any individual including women, proprietary concern, partnership firm, private limited company or any other entity are eligible applicant under PMMY loans.
The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record. The individual borrowers may be required to possess the necessary skills/experience/ knowledge to undertake the proposed activity. The need for educational qualification, if any, need to be assessed based on the nature of the proposed activity, and its requirement.

Purpose

For setting up of new/upgrading existing Micro business enterprises in the manufacturing, processing, trading and service sector and carrying out activities allied to agriculture, financing to weavers and artisans (income generating activity).

Nature of Facility

Term Loan and/or Working Capital up to maximum Rs.10 lakhs under 3 categories
  • Shishu : covering loans upto 50,000/-
  • Kishore : covering loans above 50,000/- and upto 5 lakh
  • Tarun : covering loans above 5 lakh to 10 lakh

Repayment

Maximum - 36 months for Demand Loan and 84 months for term loan including moratorium. Interest to be serviced as and when charged. 

MARGIN

SHISHUKISHORETARUN
upto Rs.50,000above Rs.50,000 up to Rs.5.00 lakhabove Rs.5.00 lakh up to Rs.10.00 lakh
NIL15%15%


Security

Primary Security-
  • Hypothecation of all assets acquired out of bank finance.
  • Personal guarantee of promoters/directors.
Collateral Security
  • Collateral Security
All eligible activity would be covered under the guarantee cover of NCGTC under ‘Credit Guarantee Fund for Micro Units’.
[No collateral security/third party guarantee to be obtained].

Video To Watch



https://youtu.be/bheV6uR1v0I

Rate of Interest

As prescribed by the Bank from time to time linked to MCLR

Processing Fees and Documentation Charges

As per extant guidelines of the Bank.



Labels:

Comments

Post a Comment

Popular posts from this blog

GOOGLE SEARCH OPERATOR STRING

Brought to you by  Ahrefs , a data-driven marketing toolset powered by a huge index of backlinks, keywords and content GENERAL SEO Google Search Operators: The Complete List (42 Advanced Operators) For anyone that’s been doing SEO for a while, Google advanced search operators—i.e., special commands that make regular ol’ searches seem laughably basic in comparison—are nothing new. Here’s a Google search operator you may be familiar with. the “site:” operator restricts results to only those from a specified site. It’s easy to remember most search operators. They’re short commands that stick in the mind. But knowing how to use them effectively is an altogether different story. Most SEOs know the basics, but few have truly mastered them. In this post, I’ll share 15 actionable tips to help you master search operators for SEO, which are: Find indexation errors Find non‐secure pages (non‐https) Find duplicate content i...
18 comments
Read more >>

COMPUTER SHORTCUT TRICKS

1) CTRL + A = SELECT ALL 2) CTRL+ B = BOLD 3) CTRL +C = COPY 4) CTRL+ D = FONT , FONT SIZE 5) CTRL + E = CENTRE ALIGN 6) CTRL + F = FIND 7) CTRL + G = JUMP TO PAGE NO 8) CTRL + H = REPLACE 9) CTRL + I = ITALLIC 10) CTRL + J = JUSTIFY 11) CTRL + k = HYPERLINK 12)CTRL + L =LEFT ALIGN 13)CTRL+ M =  TEXT SLIDE 14) CTRL + N = New File 15) CTRL + O =  OPEN FILE 16) CTRL + P = PRINT 17) Ctrl + Q = CLEAR PARAGRAPH INDENT 18) CTRL + R = RIGHT ALIGN 19) CTRL+ S = SAVE 20) Ctrl + T = HANGING INDENT 21) CTRL + U = UNDERLINE 22) CTRL + V = PASTE 23) CTRL + W = CLOSE FILE 24) CTRL + X = CUT 25) CTRL + Y = REDO (  1 STEP FORWARD) 26) CTRL + Z = UNDO ( 1 STEP BACKWARD)
3 comments
Read more >>

SHIPRA RIVER ( UJJAIN )

The famous and widely known river of Ujjain is Shipra,  which originates from kakri bardi hills, Vindhya range, north of Dhar and flows north across Malwa plateau to join Chambal river. The city of Ujjain resides on its right bank. Every 12years, the Kumbh mela or Simhastha is held for a month on the riverside ghats, and sadhus and devotees come from all over the country for 'Shahi Snaan' in the river.   It's a perennial river and its condition some time back was not so good in the city.Water was acute in the river and there were Algae and  Jalkumbh i all over. Seeing the fast approaching  Kumbh 2016  in Ujjain and the rage of sadhus,the government took a bold step and as a result of  Narmada-Shipra link  project, the waters of Narmada have revived  Shipra again.Under the project, Narmada river water has been lifted to a height of 350 metres, using electricity driven pumps, after which it has been diverted to the origin of Shipra river, whi...
2 comments
Read more >>