How to take mudra loan? Procedure and type of Mudra loan? Application for mudra loan?
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How to take a mudra loan? Procedure and type of Mudra loan? Application for mudra loan? Mudra Loan not sanctioned for below 2 categories. NON FARMING : for doing any farming activity like crop cultivation. Tractor etc. NON CORPORATE : If you are an existing businessman/woman and your turnover is a crore then you are not eligible for a Mudra loan. LOAN TYPE AND AMOUNT 1. SHISU MUDRA LOAN: 50000 2. KISHORE MUDRA LOAN: 50001 - 500000 3. TARUN MUDRA LOAN : 500001- 1000000 PROCESSING FEE: .5 % FOR TARUN AND NIL FOR SHISHU AND KISHORE ELIGIBILITY CRITERIA: NEW AND EXISTING REPAYMENT : 3 - 5 YEAR Interest rate: 8.5 to 10.5 Bank to bank different. Guarantee Required: No TYPES : SHISHU: NEW BUSINESS INITIAL STAGE, SMALL BUSINESS: 50000 documentation: ( QUOTATION, BILL ) ADDRESS PROOF IDENTITY PROOF KISHORE: EXISTING BUSINESS E...