Thursday 22 March 2018

The government is giving loans up to 10 lakh without guarantee,

The government is giving loans up to 10 lakh without guarantee,

Micro Unit Micro and Refinance Agency Ltd [MUDRA], it has been started in the country with the help of NBFC for the purpose of promoting new business / entrepreneurship in the micro enterprise sector. It helps the banks and microfinancial institutions financially, so that it can provide loans up to 10 lakhs to small businessmen. Under this, the category of traders has been created in children, adolescents and youth.
In this, more attention is paid to the infant businessmen, after which attention is given to the adolescent and the young. Under this, loan lenders, shopkeepers, and traders are given loans. Including food processing, farming, animal husbandry, micro-industrial units etc. Money card is also given in this, so that we can withdraw money from ATM, point of sale. Under this, loan up to 10 lakhs is given without any guarantees. There is no processing fee for this.
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