• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Blog Cheater

Create to Earn

  • Home
  • Start Your Blog
  • Income Reports
  • About Blogcheater, An Inspiration to Earn
  • Jobs
    • Submit Your Own Job

Mudra Loan Eligibility Criteria

June 22, 2018 by blogcheater Leave a Comment

Mudra Loan Eligibility Criteria. The Micro Units Development & Refinance Agency , a.k.a MUDRA is set up for supporting the growth of micro units. The eligibility criteria for a MUDRA loan is defined and groups meeting the conditions can get the approval for the same very easily. You do not have to check for the intermediators. The process is available online , and hence it is transparent and hassle free.

Mudra Loan Eligibility Criteria
Mudra Loan Eligibility Criteria

With the make in India concept, many small units are being setup and companies are investing in them. But specifically, there are many individuals who want the complete profit rather than getting an investor. In this case they do not need to share the profit. For them, the government of India provides the concept of loans for micro units.

Contents

  • 1 Mudra Loan Eligibility Criteria
  • 2 Important

Mudra Loan Eligibility Criteria

Any person can apply for MUDRA loan if he meets the following requirements:

  1. The applicant should be Indian.
  2. The age of the applicant should be 23 years to 28 years at the time of the loan sanction and should not be more than 65 years at the time of the loan maturity.
  3. The applicant should have monthly income above INR 17000 or INR 15 lakhs or more as annual turnover.
  4. For the salaried employees, the minimum occupational stability should be 2 years and business stability should be at least 5 years and it is 3 years for the doctors.

Important

The loan concept is for smaller units or individuals who are majorly working as one man army. The scheme majorly benefits the business class like – truck drivers, small industries, electricians, plumbers, small workshops, mechanics, painters and other such occupations. The purpose is to let the smaller group grow. By understanding the possible growth potential, the Mudra Yojna will give some new sensational businesses to the country.

Also Read: How to create your guidance blog for the audience and start earning.

The next articles are going to be about the:

  • How to Apply for Mudra Loan.
  • The documents required to apply the Mudra loan.
  • List of banks that offer Mudra loan to the citizens.
Summary
Mudra Loan Eligibility Criteria
Article Name
Mudra Loan Eligibility Criteria
Description
Mudra Loan Eligibility Criteria. The Micro Units Development & Refinance Agency , a.k.a MUDRA is set up for supporting the growth of micro units. The eligibility criteria for a MUDRA loan is defined and groups meeting the conditions can get the approval for the same very easily. You do not have to check for the intermediators.
Author
Ishant Nayyar
Publisher Name
Blogcheeater.com
Publisher Logo
Blogcheeater.com

Filed Under: Make Money Online Tagged With: eligibility criteria for mudra loan, mudra loan india elegibility, mudra yojna eligiblility, the minimum eligibility criteria to apply mudra loan, who is eligible to apply mudra loan

About blogcheater

You dream of Audi, Benz, BMW, Ferrari and others. Almost every dream car has atleast some part of code written by Ishant Nayyar. You can read more about me here.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.

Primary Sidebar

Copyright ©2017
Contact | Sitemap | Privacy Policy | Disclaimer
We use cookies to ensure that we give you the best experience on our website. Thanks for being one of the million users per month. Hit OK to build more trust.Ok