No balance sheet needed
For a business with turnover of 10L+
Straight into your account
After first 6 months
What all MUDRA loan for women comprises of?
Under MUDRA scheme, women entrepreneurs can get an instant business loan up to Rs. 10 lakh to start or expand a business. Notably, the businesses should be a non-corporate and non-farming business.
What is the aim of the MUDRA Scheme?
The primary aim of the MUDRA scheme is to provide necessary financial support to the female entrepreneurs who want to start or expand their business. The MUDRA scheme is meant for budding women entrepreneurs who have skills and want to start and run their business successfully by providing them collateral free business loan.
What are the features of the MUDRA Yojana scheme for women?
The following are the features of the PMMY scheme for women:
Loans are offered under three categories, namely Shishu, Kishor, and Tarun.
Loans are unsecured business loans, i.e. there is no need to provide collateral.
Affordable loan interest rates.
The loan amount helps in business growth and expansion.
The loan tenure may range up to 7 years.
How will the loan scheme benefit women entrepreneurs in India?
The scheme would benefit women business owners by providing them financial help of up to Rs. 10 lakhs to run their business. Before you apply for mudra loan you need to be eligible and submit required documents.