Shishu mudra loan: loan without guarantee up to 50000

Shishu mudra loan: loan without guarantee up to 50000 Shishu mudra loan apply : If you are thinking of starting a business and you do not have money, then do not worry, you can take advantage of the Shishu mudra loan scheme by the government, here you get the loan easily, very few documents are required to take this loan,

Shishu Mudra loan (Overview)

Description	Information
Name of the scheme	Shishu Mudra Loan
under the scheme	Prime Minister’s Mudra Scheme (PMMY)
Loan amount	Up to Rs 50,000
Objective	Providing financial assistance to small and new entrepreneurs
interest rate	determined by the bank
Guarantee	without guarantee
Required Documents	Business plan, Aadhar card, Identification card, etc
Beneficiary	Small traders, artisans, startups
Application Process	Through Bank or Mudra Loan Portal
Repayment Period	determined by the bank

Eligibility Criteria:

Startup Loan Purpose: The loan must be for starting a new business or startup.
Age Limit: Applicants should be between 18 and 60 years old.
Business Ownership: The loan is available only if you want to start your own business.
Registered Firm: You must have a registered business entity.
Bank Account: You should have an active bank account that has been operational for at least the last 3 years.

Required Documents:

Aadhaar Card: To verify your identity.
PAN Card: Essential for financial and tax-related records.
Mobile Number: For communication and OTP-based verification.
Address Proof: For residence verification (can be utility bills, rental agreements, etc.).
Bank Statement: Bank statements for the past 6 months or more.
ITR Return: Income Tax Return for previous years, if applicable.
Income Proof: Salary slips or other proof of income.
Startup Project Certificate: A business plan or certificate showing your startup’s goals and vision.