How to Get a #MudraLoan for Small Business Expansion or Startup?
How to Get a #MudraLoan for Small Business Expansion or Startup? Dreaming of growing your business or launching a new one? The Pradhan Mantri Mudra Yojana (PMMY) offers financial support to small entrepreneurs across India. ✅ What is a Mudra Loan? A government-backed loan scheme that helps micro and small businesses with funding up to ₹10 lakhs — without collateral. π Types of Mudra Loans: Shishu: Up to ₹50,000 for beginners Kishor: ₹50,000 to ₹5 lakhs for growing businesses Tarun: ₹5 lakhs to ₹10 lakhs for established businesses π How to Apply: Visit your nearest bank or apply online via your bank’s portal Prepare a business plan and basic documents (ID, address, income proof) Choose the right loan category (Shishu, Kishor, Tarun) Submit your application and track approval π‘ Pro Tips: Keep your business idea clear and practical Show how the loan will help generate income Maintain a good credit history With Mudra, your small id...
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