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Pradhan Mantri MUDRA Yojana (PMMY)
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Pradhan Mantri MUDRA Yojana (PMMY)

Micro Units Development and Refinance Agency Limited (MUDRA) was launched as a Financial Institution on 8th April 2015 by the Hon'ble Prime Minister, for encouraging the micro enterprises, engaged in manufacturing, trading, services and other income generating activities.

Shishu Kishor  Tarun 
Max Loan Rs. 50,000/-  Rs. 5,00,000/-  Rs. 10,00,000/- 
Basis of Advance

Working capital: 20% of turnover

TL: 3 times net cash accruals or 80% of cost of new asset 

Repayment period TL - Max 36 mnths (including 12 mnths moratorium) TL - Max 60 mnths (including 12 mnths moratorium)  TL - Max 60 mnths (including 12 mnths moratorium) 
Primary Security Charge on current asset / Fixed assets
Collateral Security / Guarantor Nil
Rate of Interest

Floating: 11.50% (PLR-2.75)

0.10% concession for woman entrepreneur 

Shareholding As per extant share holding norms
Processing fee Nil  Nil  Rs. 5000/- 
Renewal fee Nil  Nil  Rs. 500/- 

Loan Application form

 

 

Saraswat-Bank
Saraswat-Bank