10 Lines on Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana is a well-planned scheme of the government of India under Prime Minister Narendra Modi. To get short and brief information on the scheme, you should check some sets of 10 lines on Pradhan Mantri Mudra Yojana that we have provided below.

Ten Lines on Pradhan Mantri Mudra Yojana

Set – 1

1) Pradhan Mantri Mudra Yojana is a scheme initiated by the Government of India.

2) The scheme was launched by the central government on 8 April 2015.

3) The scheme is to motivate small and medium level enterprises.

4) The loan under the scheme is divided into three categories as Shishu, Kishore, and Tarun.

5) The loan under the scheme is available without any guarantee.

6) The loan repayment period is set to five years.

7) Under Shishu Loan, one can ask for a sum of a maximum of 50 thousand.

8) Kishore Loan starts from 50 thousand and goes to 5 lakh.

9) Tarun Loan holds the limit from 5 lakh to 20 lakh.

10) The loan amount can be withdrawn with the help of Mudra Card.

Set – 2

1) Pradhan Mantri Mudra Yojana provides easy loans for starting any business or establishing any industry.

2) Indirectly the scheme is dedicated to generating employment.

3) The complete name of the scheme is Micro Units Development Refinance Agency.

4) The three categories of loans are divided based on the need of the people.

5) The loan under the scheme is available for business, not for agriculture.

6) There is no fixed interest rate under the scheme.

7) This loan is provided by Public Banks, Private Banks, Rural Banks, Co-operative Banks, micro-finance institutions, and other banking financial institutions.

8) The central government has issued a state-wise helpline number for the people under Pradhan Mantri Mudra Yojana.

9) Shishu and Kishore loan is free of processing fees while Tarun Loan has a charge of 0.5%.

10) The application process for the loan is the same as the other usual loan.

With providing an easy and fast business loan, the Pradhan Mantri Mudra Yojana has also helped in generating employment. Seeing the success of the scheme and the growth of India in the economic sector, it will not be wrong to say that the scheme was well designed as well as implemented.

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