How to apply for MUDRA Loan?
Launched on April 8, 2015, The Pradhan Mantri Mudra Yojana (PMMY) is a scheme for small business owners with an investment of Rs. 10 lakhs.
The following people need to know how to apply for a Stamp Loan under this scheme:
Small manufacturing business owners
Fruits and Vegetable Traders
They belong to agriculture-related sectors such as livestock, dairy, poultry, and fishing.
Step 1. Have the necessary documents ready
Documents are required at the applicant to get the seal loan. These include a proof of identity (Aadhaar, Voter ID, PAN, Driving License etc.), Address Proof (Electricity Bill, Telephone Bill, Gas Bill, Water Bill etc.), Business proof (Business Registration Certificate etc.).
Step 2. Contact a financial institution
Individuals can apply for a seal loan from almost all major financial institutions in India.