Category: Finance

PMMY : Pradhan Mantri Mudra Yojana Loan Details

PMMY ! We all are aware of Pradhan Mantri Mudra Yojana Loan. Honble Prime Minister Narendra Modiji has started many schemes for benefit of Indians. PMMY is one of those schemes to help small business persons getting loan for business. It is launched by PM on 8th April, 2015. In this article, I have covered following points regarding Mudra Loan: Types of Mudra LOan Mudra loan eligiblity Where to apply for Pradhan Mantri Mudra Yojana Loan Documents required for Mudra Loan Helpdesk no. For Mudra Loan Types of Mudra Loan : Pradhan Mantri Mudra Yojana Loan has three types : Shishu scheme Kishor scheme Tarun category Shishu scheme: Under shishu scheme, Loan up to Rs.50,000 will be granted.The loan is for business which is in start up mode. Benefits of shishu scheme are Collateral is not required under shishu scheme. There is no loan processing fees or charges ! 1% pm rate of interest. Maximum 5 years tenure period If loan is for working capital, Mudra cards will be issued.It is Rupay debit card and cash can be withdrawal from ATM while working capital is needed. Kishor Scheme: This scheme is for loan From Rs. 50001 to Rs.5 Lakhs. Tarun Category : This category is for Loan above Rs. 5 lakhs to Rs. 10 lakhs. Where to apply for Pradhan Mantri Mudra Yojana Loan: Following lending institutions will grant...

Read More

CMA data preparation for loan : 5 Things to know

CMA data preparation ¬†and presentation is necessary for bank loan or working capital loan or for seeking CC limit . Do you know what is CMA data? Why the banks require it? What are the components of it? What is benefits of presenting CMA data? To answer all these questions, I have written this post.   Get prepared CMA data by CA   CMA data preparation for bank loan: 5 Important things to know   CMA data meaning: Full form of CMA data is Credit Monitoring Arrangement data. It is the report to be presented to bank to show...

Read More