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Learn how to apply for Shishu Mudra Loan Scheme

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Finance Minister Nirmala Sitharaman has also announced a rebate of two per cent for one year on the interest of Shishu Mudra Loan while announcing the second installment of the Rs 20 lakh crore package. Shishu Mudra loans are also given under Mudra loans, under which a maximum amount of up to Rs 50,000 can be taken. In 2015, these loans are also given under the Pradhan Mantri Mudra Loan Scheme. In fact, under the Mudra Loan Scheme, the government has set three categories Shishu, Kishore and Tarun.

An amount of Rs 50,000 is issued as a loan under Shishu Loan. Apart from this, under the Kishore Mudra Loan Scheme, the amount of Rs 50,000 to Rs 5 lakh is available as a loan. At the same time, under Tarun Mudra Loan Scheme, an amount ranging from Rs 5 lakh to Rs 10 lakh can be acquired. Do you also want to take Shishu Mudra Loan? Let’s know, how can we get these loans…

How to apply for loan: If you want to apply for any other Mudra loan including Shishu Mudra Loan, you can visit https://www.sidbi.in/en or https://udyamimitra.in/. Here you will first have to give the information about your required amount and get registered. After this, you have to fill the application form and choose whichever bank you want to take a loan from. After choosing the bank for the loan on your behalf, the representative of the bank itself will be contacted. Apart from this, you can also apply for Mudra loan by going to the bank itself.

Know who can get Mudra loan: For this loan, people engaged in self-employed, small scale industries such as poultry farming, fly-fishing and agriculture related industries can apply. Not only this, artists, small manufacturers, shopkeepers, vegetable and fruit vendors can also apply for this loan.

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