{"id":1179,"date":"2019-07-29T06:52:34","date_gmt":"2019-07-29T06:52:34","guid":{"rendered":"https:\/\/blog.indifi.com\/?p=1179"},"modified":"2022-09-20T06:44:48","modified_gmt":"2022-09-20T06:44:48","slug":"mudra-loan","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/mudra-loan\/","title":{"rendered":"Mudra Loan – Apply Online, Interest Rate, Eligibility, Documents"},"content":{"rendered":"\n
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Mudra-Loan<\/em><\/figcaption><\/figure><\/div>\n\n\n\n
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Apply Mudra Loan<\/a><\/div>\n<\/div>\n\n\n\n

Mr. Narendra Modi, the Prime Minister of India, launched the Pradhan Mantri MUDRA Yojana (PMMY) on 8th<\/sup> April 2015, and MUDRA (Micro Units Development and Refinance Agency Ltd.) loan scheme comes under this. It\u2019s a big effort to help MSMEs. This government scheme\u2019s main target is to finance small, high-risk businesses. MSMEs, non-farm sectors, and non-corporate sectors can avail of up to 10 lakhs through this scheme. And to borrow a MUDRA loan(Pradhan Mantri Business Loan), an applicant can approach any lending institution, such as MFIs, Co-operative banks, Commercial Banks, RRBs, Small Finance Banks, and NBFCs like Indifi<\/a>. Moreover, you can apply online through these platforms.<\/p>\n\n\n\n

Also Read: Why to Choose NBFCs Over Banks For A Business Loan In India<\/a><\/p>\n\n\n\n

You must have a rock-solid business strategy to borrow a MUDRA loan(Pradhan Mantri Business Loan). This loan cannot be taken out for any personal need like purchasing a vehicle or even in case you are a rich business person. Under the following cases, a business owner can take out a MUDRA loan:<\/p>\n\n\n\n

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