Every entrepreneur dreams that his business not only starts but also grows with time. But lack of capital often becomes the biggest obstacle in this journey. To solve this problem, a major change has been made in the Pradhan Mantri Mudra Yojana of the Central Government.
Now the maximum loan limit available under this scheme Increase from ₹10 lakh to ₹20 lakh Has been done. This change is especially for those small businessmen who have already repaid the loan taken on time and now want to take their business to a bigger level.
What is ‘Tarun Plus’ category?
Till now there were three categories in Mudra Yojana – Shishu, Kishore and Tarun. Now the government has ‘Tarun Plus’ A new category has been added named.
Tarun Plus is for entrepreneurs who have taken and successfully repaid a loan up to ₹10 lakh under the Tarun category. such businessmen now Additional loan from ₹10 lakh to ₹20 lakh Can get it.
Four categories of Mudra Yojana
- baby: Up to ₹50,000 – for initial business
- teen: ₹50,000 to ₹5 lakh – for business expansion
- youth: ₹5 lakh to ₹10 lakh – for established business
- Tarun Plus: ₹10 lakh to ₹20 lakh – for large expansion
No guarantees, no stress
The biggest feature of Mudra Yojana is that it no guarantee has to be given. The government guarantees these loans through CGFMU, which reduces the risk to banks and provides relief to entrepreneurs.
Who can apply?
The scheme is for non-agricultural and non-corporate small businesses, such as shopkeepers, artisans, transport operators, manufacturing units, service sector and those involved in food processing.
application process
You can apply in government or private bank, RRB or NBFC. For online application Jan Samarth Portal Option is also available, which makes the process easy and transparent.
Strong step towards self-reliant India
The launch of Tarun Plus proves that the government believes in small entrepreneurs. If you have experience, an honest record and a desire to move forward, lack of capital will no longer stop you.
Disclaimer: This article is for informational purposes only. Loan approval depends on the terms and conditions of the respective bank and government guidelines.
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