SBI giving loan upto Rs 10 lakh on the basis of Modi government’s scheme

Pradhan Mantri Mudra Yojana

People want to start their own business but due to lack of money, they have to face many difficulties. Although Modi government  has a scheme , the country’s largest bank SBI gives a loan upto Rs 10 lakh business.

Under the Pradhan Mantri Mudra Yojana , a loan up to Rs 10 lakhs is given in different 3 categories by SBI. This loan is in  three categories: infant, Kishor  and Tarun.

Infant Loans are available up to Rs 50000, whereas  Kishor loans are available from 50 thousand rupees to 5 lakh rupees. Similarly, under the third category  Tarun, SBI provides loans ranging from Rs 5 lakh to Rs 10 lakh.

Processing fees for infant and Kishor categories are free, while processing fee for  Tarun loan category is charged at 0.50% of the  loan amount.

SBI gives  currency loan to those people who want to start a business. People who started the new unit can also take loans under this scheme.

These loans are given by almost every branch of SBI. Person taking loan should not be a defaulter declared by any financial institution. If the loan seeker has taken training from the rural self-employment training institute then the loan seeker is given priorityClick here for the currency loan information – https://www.sbi.co.in/portal/web/sme/pm-mudra-yojana

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