Get financial assistance of up to Rs 20 lakh from the government for business idea, a boon for the youth – News

Many people have great ideas for business but due to lack of money they are unable to realize their dreams. A scheme has been started by the government to help such people so that the youth can give a new direction to their lives. They are being provided economic strength through Pradhan Mantri Mudra Yojana.

Loan up to Rs 20 lakh is being given without guarantee through Mudra Yojana.

Officials have informed that through Mudra Yojana, loans up to Rs 20 lakh are being given to migrants without any guarantee. Earlier its limit was Rs 10 lakh but now it has been increased to Rs 20 lakh.

In this, loans are given to citizens under Shishu, Kishor and Tarun categories. To avail the benefits of this scheme, the applicant must be at least 18 years of age. The applicant should not have any default history. Also, all the documents should also be there so that one does not have to face any kind of problem at the time of applying.