Under Mudra scheme, loans up to Rs. 10 lakh to small business and micro institutions. These MUDRA loans are provided from all banks like co-operative banks, small finance banks, commercial banks, Non-Banking Financial Companies (NBFCs), Regional Rural Banks (RRBs), and Micro Finance Institutions (MFIs). Individuals, proprietorship, partnership, self-help group (SHG) & Joint Liability Group (JLG) are eligible to avail Mudra loan.
According to the growth and development of the stage of the business and also funds required for the individuals for their business, the Mudra schemes has divided in three stages based on your stage and needs in your business, they are as follows:
