MUDRA LOANS HOW TO APPROACH BANKS TO GET APPROVED | DETAILED PROJECT REPORT AND APPLICATION DOWNLOAD HERE
When we posted about MUDRA LOANS, in small business loans category earlier, we heard several complaints about it, as no banks are interested to support the needy people and getting negative replies from banks. In Kerala, almost all banks are used to do these tactics to discourage people, who approach them for MUDRA LOANS.
In this post, we show a detailed video of a person who approached the bank and got mudra loan, which is posted by himself. As per him and the website of Pradhan Mantri, each and every bank in this country must provide MUDRA LOANS to the needy. They always say that this bank is not included, this is not your area, check at your nearest branch of other banks etc.
One thing you must know is that neither Pradhanmantri nor Mudra Bank fixed any area or other things to providing MUDRA LOANS. No security either collateral or gold is needed to avail mudra loans. The guarantor of this loan is Pradhan Mantri himself. The lowest amount of avail is Rs.50,000.00 and the highest amount is 10,00,000.00.
What documents are needed to apply for mudra loans?
A three-page application form ( it can be downloaded from here itself; click on the blue colored application form, you will get it)
Adhar Card
Pan Card
Voters I Card
Three Passport size photos
Detailed Project Report of your business. (29 various project report samples are provided here; click on the blue colored Project Report, you will get it)
As per mudra bank rules, the bank must avail mudra loans within 15 days of time. If they reject our application, we must have the right to ask the reason in writing. If the bank not accepting the application, you can do one thing. Send the completed formats through a registered post with acknowledgment card to the bank address. They must accept it and put in their register and must reply to you. If the bank rejects your application, without any reason, you may please collect the reason in writing and put it along with your application, send it to the Prime Minister's office.
A detailed video in this matter about small business loans shared here. This video is posted by BMH Media, and shared here for informative purposes only, hence this site doesn't hold any responsibility.