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The business gives the government up to 10 lakh loans, this is the plan

The specialty of this loan is that the loan is available without guarantee. Find out who and how to get this loan.

If you are planning to start a new business and there is a problem with not getting a loan for it, then the gift of Prime Minister Narendra Modi is for you. The government has made a monetary plan to provide loans to small industry entrepreneurs. Under this, entrepreneurs are given a loan to start the business. The specialty of this loan is that this loan is available without guarantee. Let's know how and who can get a loan.

What Are Money Loan Plans?

This scheme started in April 2015. The main purpose of this is to make a loan easily. Apart from this, a large number of employment opportunities will be available in more industries. For the mercantile scheme, many formalities had to be completed for the loan from the bank for the bank. Have to be sure to take a loan. Because of this, many people want to start the venture but it was shameful to take a loan from the bank. The full name of Prime Minister's posture scheme is the Micro Unit Development Refinancing Agency.

Who can benefit?

Anyone who wants to start their business can take a loan under this scheme. If you need money to make the current business, you can apply for a loan of Rs 10 lakh under the Prime Minister's Money Plan.

Loan without guarantee

Under the Currency Plan, there is a loan without guarantee. Also, no processing charge is taken for the loan. The payment period can be extended up to 5 years in the currency plan. Currency receipts are received by the recipient, which can be used to spend on business needs.

Loan up to money?

There are three types of loans in the currency Rs. Loans up to Rs 50,000 and under Rs 50,000-500 lakhs are given under adolescent loans.

How much does interest on currency loans look like

There is no specific interest rate under Prime Minister's scheme of Madra. Different banks may charge separate interest rates for a mortgage loan. Interest rates also depend on the nature of the loan taker's business and the risks associated with it. Usually, the minimum interest rate is 12 percent.

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