Pradhan Mantri Mudra Yojana in Hindi: Mudra Loan Details with scheme and eligibility

In this video, we are going to show you everything you need to know about MUDRA Loan in Hindi. We will discuss different topics like, what is Mudra Loan, categories of Mudra Loan, Mudra Loan Interest, documents required for Mudra Loan, all about Mudra Loan application form, process of Mudra Loan, how to apply for mudra loan, how to apply for Mudra loan from SBI, Bank of Baroda (BOB) etc. You will also come to know about some important data of Mudra Loan. This is surprising data which will help you to apply Mudra Loan in a way that you will get required amount. At last, we have also discussed that why banks are rejecting Mudra loan. (MUDRA) is a new institution set up by Government of India to provide funding to the Small, Micro and Medium enterprises upto 10 Lakhs without security. Main benefits of MUDRA Loan are (1) You don’t required any property (2) Interest rate is low and (3) Loan upto 10 lakhs. There are three categories under Mudra Loan: 1. Shishu: Upto Rs. 50,000 2. Kishore: Above Rs. 50,000 to Rs. 5 lakh 3. Tarun: Above Rs. 5 lakh to Rs. 10 lakh We have discussed entire process of applying for Mudra loan in this video. Mudra Loan categories selection, documents collection, bank selection, form fill up, file submit, bank visit, sanction/reject process and disbursement is discussed here in this video. Also find category wise Mudra Loan documents list, as discussed. LIST OF BASIC DOCUMENTS: SHISHU 1. Proof of identity i.e. Self certified copy of Voter’s ID card / Driving License / PAN Card / Aadhaar Card / Passport / Photo Ids, issued by Govt. authority etc. 2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt / Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners, Certificate issued by Govt. Authority/Local Panchayat / Municipality etc. 3. Applicant’s Recent Photograph (2 copies) not older than 6 months. 4. Proof of SC/ST/OBC/Minority, if applicable. 5. Proof of Identity / Address of the Business Enterprise , if available. 6. Statement of Account from the existing Banker, for the last six months, if any. 7. Quotation of Machinery / other items, to be purchased. KISHORE / TARUN 1. Proof of identity i.e. Self-certified copy of Voter’s ID card / Driving License / PAN Card / Aadhaar Card / Passport / Photo Ids issued by Govt. authority etc. 2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt / Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners, Certificate issued by Govt. Authority/Local Panchayat / Municipality etc. 3. Proof of SC/ST/OBC/Minority, if applicable. 4. Proof of Identity / Address of the Business Enterprise – Copies of relevant Licenses / Registration Certificates / lease or Rent agreement/ Other Documents pertaining to the ownership, identity of address of business unit / Udyog Aadhaar Memorandum. Contd. on Page 3 -3 5. Statement of Account from the existing Banker, for the last six months. 6. last two years unaudited balance sheets of the existing units, along with income tax /sales tax returns etc. (Applicable for loans of Rs. 2 lakh and above). 7. Project report/ Projected balance sheets of start-ups / existing units for one year, in case of working capital limits and for the period of the loan in case of term loan (Applicable for loans of Rs. 2 lakh and above). 8. Sales achieved during the current financial year, up to the date of submission of application (in case of existing units). 9. Proforma Invoices / Quotations for the assets to be purchased and estimates for the civil works, if any to be undertaken. Aspect of technical feasibility and economic viability may be discussed with borrower, if felt necessary. 10.Asset & Liability statement of the borrower including, Directors & Partners. 11.Memorandum and Articles of association of the company/Partnership Deed of Partners etc., wherever applicable. 12.Photos (two copies) of applicant / Proprietor / Partners / Directors not older than 6 months. After discussing important data of Mudra Loan, we have discussed different reasons of why banks are rejecting Mudra loan. These include (1) No Proper home work (2) Wrong selection of bank (3) Poor loan track record and (4) Higher NPA of Government Banks. If you're looking to know more about Loan, Subsidy and Government Schemes and all other important updates regarding loan, make sure to subscribe to our YouTube channel. Facebook page:   / redpostloan   Website: www.redpostloan.com