Business Plan Mentor

  The Pradhan Mantri Mudra Yojana (PMMY) is a program Presented by the Indian government to provide finance to the unfunded" by bringing such firms into the proper financial system and providing them affordable credit. It allows a small borrower to borrow from all public sector banks such as PSU banks, regional rural banks and cooperative banks, private sector banks, foreign banks, microfinance institutions (MFIs) and non-bank financial corporation’s (NBFCs) for loans of up to Rs 10 hundreds of thousands of income-generating non-agricultural assets. The scheme was launched on April 8, 2015 by Prime Minister.   ·          Eligibility : Any Indian resident who has a business plan for a non-farm income-generating business like manufacturing, processing, trade or service sector and whose credit requirement is less than Rs 10 lakh can go to a bank , an MFI or a NBFC to avail of Loans from Micro Units Development & Refinance Agency Ltd. (MUDRA) under Pradhan Mantri Mudra Yojan

  Are you thinking of creating MSME, or small and medium-sized enterprises? Do you want to expand your established food industry? If so, you can get a loan of up to 1 crore in just 59 minutes. The loan is granted by the government in 59 minutes to start the business and to expand the already established industry. In the 2019 budget, this provision was given by the Minister of Finance Smt Nirmala Sitharaman. The central government says that now any businessman will not face any kind of difficulty due to funds problems, the government is ready to offer all kinds of assistance. ·          Before going on further, know what MSME is? MSME's full name is Micro, Small & Medium Enterprises. According to the official definition, it covers small and medium-sized enterprises and industries, which cost between 5 lakh and 2.5 crore. This cost is inclusive of the cost of the machine and the salary paid to employees. The scheme proposed by the government: loan in 59 minutes. To further ex

  The agriculture sector needs approach to finance for growth. And the change from subsistence to commercial agricultural production needs an instant business fund. MUDRA loan is one such basic measure which the Indian Government has initiated for promoting MSMEs nationwide. Business loan which has acquired attention is known as Pradhan Mantri Mudra Yojana and its also recognized as Mudra Bank Scheme, this Government business loan has acquired more attention. This scheme offers, from INR 50,000 to almost INR 10 lakhs to small business entities and start-up companies. ·          Mudra loan provides funding for small businesses or micro business to expand and increase their businesses or handle regular business operations through simple fund schemes.   ·          Like several financial lenders, Indian Bank is a contributor of Mudra loan to people in nation. According to the Mudra loan subsidy presented by the Government of India, the accurate Mudra loan rate of interest could be