Shishu/ Kishor/ Tarun Schemes – Mudra Loan
The Bank will nurture small businesses through different stages of growth and development of businesses termed as Shishu, Kishor and Tarun.
#Mudra Bank Starts Financing at 7.00% rate of #Interest
#Shishu This is will be the first step when the business is just starting up. The loan cover in this stage will be up to Rs 50,000.
#Kishor In this stage, the entrepreneur will be eligible for a loan ranging from Rs 50,000 to Rs 5 lakh.
#Tarun This last and final category will provide loans for up to Rs 10 lakh. 27 nationalised, 15 private and one Regional Gramin Bank participated in a mega loan under Pradhan Mantri Mudra Loan Scheme. 15.90 Crore were sanctioned to 3239 beneficiaries in Gurgaon under Pradhan Mantri Mudra Yojna (#PMMY).
#SBBJ has sanctioned 16,814 loans amounting to Rs 226 crore under PMMY