Govt Loan New Update 2024: The government has recently released some important updates for getting loans under PMEGP (Prime Minister Employment Generation Programme) and Mudra Yojana. In this article, we will tell you about these schemes in detail and explain how you can avail the benefits of these schemes.
Govt Loan New Update 2024 Overview
| Loan amount | Up to ₹10 lakh |
| Rate of interest | zero interest |
| Subsidy | Up to 35% subsidy under PMEGP scheme |
| application procedure | Both online and offline options available |
| Last Date of Application | 31 December 2024 |
| official website | jansamarth.in |
| Helpline Number | 1800-123-4567 |
| Required Documents | Aadhar Card, PAN Card, Business Certificate, Bank Statement, Project Report |
| Beneficiaries of the scheme | Small, Micro, and Medium Businesses (MSMEs) |
| Guarantee | No guarantee of any kind required |
New updates of government loan
The government has announced that you can get a loan of up to ₹10 lakh under these schemes, in which you will not have to pay any kind of interest. This is very beneficial especially for those who are starting their new business and need financial support in the initial days.
Importance of PMEGP and Mudra Yojana
The main objective of these schemes is to provide financial assistance to small, micro, and medium businesses (MSMEs). These schemes help in growing your business and starting a new venture. Let us know the key features of these schemes.
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PMEGP Scheme
Under the PMEGP scheme, the government provides you a subsidy of up to 35%. That is, if you take a loan of ₹ 10 lakh, you get a subsidy of about ₹ 3.5 lakh, which you do not have to repay.
Mudra Scheme
Under the Mudra scheme, loans are provided to small businesses, which helps them to set up and grow the business. This scheme is mainly to promote self-employment.
Documents required for application
- Aadhar card
- PAN card
- Occupation Certificate
- Bank statement
- project report
for mudra yojna How to apply online?
You can apply for these schemes online. Here we will tell you the process to apply for PMEGP scheme:
- Visit website: First of all, open Jan Samarth Portal (jansamarth.in) in your browser.
- Login now: Login to the portal by entering your mobile number and captcha code.
- Select loan type: Choose the Business Activity Loan option.
- Fill out the form: Enter the required details like business name, type, and required loan amount.
- project report: Download the project report and fill in the required information.
- Upload documents: Upload your identity and other required documents.
- Dedicate: Submit the application form and submit the copy of the application to your nearest bank branch.
Important Dates and Links
| Last Date of Application | 31 December 2024 |
| official website | jansamarth.in |
| Helpline Number | 1800-123-4567 |
Additional information
- Benefits of subsidy: You can get up to 35% subsidy under the PMEGP scheme.
- Online Application: You can apply for these schemes online, making the process simple and convenient.
- Help Center: For any assistance, you can contact the helpline number available on the Jan Samarth Portal.
conclusion
Getting loans under government schemes has now become easier. Through PMEGP and Mudra Yojana, you can successfully establish and grow your business. Apply on time and avail the benefits of these schemes.
What is PMEGP scheme?
PMEGP scheme is a scheme run by the Central Government which aims to provide financial assistance to new and existing businesses.
Who can avail the benefit of Mudra Scheme?
Mudra Yojana can be availed by any person who wants to start or expand his business.
Will any guarantee be required for the loan?
No, no kind of guarantee is required for the loan under these schemes.
