MUDRA APP FOR SKYPE HOW TO

MUDRA Bank is not a separate bank (like SBI etc). But it is also made clear that the applicant should not be a defaulter to any Bank or financial institution. The repayment period is also extended to 5 years. The Banks are not supposed to take any processing fee and are not supposed to ask for any collateral. Proof of Category (SC/ST/OBC/Minority etc)ДЄpart from the above mentioned documents, individual banks could ask for other documents as needed.Proof of Identity/Address of the Business Enterprise (relevant licenses & certificates).Name of the Supplier/Details of Machinery/Price of Machinery.Quotation of Machinery/other items to be purchases.ApplicantвЂ™s recent photograph (not older than 6 months).Proof of Residence (Recent Telephone Bill/Electricity Bill/Property Tax Receipt (not older than 2 months)/Voter ID Card/Aadhaar Card/Passport/Domicile Certificate/Certificate Issued by a local authority).Proof of Identity (Self attested Voter ID/Driving License/PAN Card/Aadhaar Card/Passport/any other Photo ID issued by Government).

This application form has to be submitted along with the following documents for the approval of the loan,

25 Non Banking Financial Companies (NBFCs)ДЄn application form under this scheme will be available with each of the above listed institutions.

As on date, the following are partners in the MUDRA initiative. The list of institutions partnering in the MUDRA initiative is available on the MUDRA portal. The beneficiary can contact the nearest Public/ Private sector bank where he/ she can apply for business loan under PMMY. Once the beneficiary identifies an idea and comes up with a business plan, he is supposed to select the business category under which he wishes to avail the loan (Shishu, Kishor or Tarun). These include ideas like bakery products, tomato sauce manufacturing unit, computer assembling, paper napkins, dairy products, beauty parlor etc.

MUDRA APP FOR SKYPE HOW TO

While this is not a comprehensive listing, it does provide a good idea of how to come up with a business plan. These project profiles help the prospective entrepreneurs come up with a basic business plan. Essentially, all those who wish to avail loans below Rs 10 lakh for their micro units are eligible for the loan.ДЄbout 27 basic project profiles for micro-units are prepared by the National Institute of Micro, Small & Medium Enterprises (NIMSME). Loans given to all non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh by all the Public Sector Banks, Regional Rural Banks, State Cooperative Banks and Urban Co-operative Banks will be known as MUDRA loans under the Pradhan Mantri MUDRA Yojana (PMMY). TARUN вЂ“ covering loans above Rs 5 lakh and up to Rs 10 lakh.

KISHOR вЂ“ covering loans above Rs 50,000/- and up to Rs 5 lakh.SHISHU вЂ“ covering loans up to Rs 50,000/.Under the MUDRA Yojana, the following interventions will be funded namely вЂShishuвЂ™, вЂKishorвЂ™ and вЂTarunвЂ™ to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/ growth to look forward to. The government has identified the lack of financial support as the biggest bottleneck to the growth of small business in the country. The purpose of MUDRA is to provide funding to the non corporate small business sector. It was announced by the Finance Minister while presenting the Union Budget for 2015-16. This is a new institution being set up by Government of India for development and refinancing activities relating to micro units. Taking ahead the work of the previous governments in the area of Micro, Small and Medium Enterprises Development, the NDA government has launched the Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency (MUDRA). Taking ahead the work of the previous governments in the area of Micro, Small and Medium Enterprises Development, the NDA government has launched the Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency (MUDRA) scheme for smoother credit flow to small entrepreneurs.

Mudra app for skype