Type of Mudra Loan
There are 3 types of Mudra Loan
- SHISHU
- KISHOR
- TARUN
SHISHU
MUDRA Shishu loans are the main focus of the loan aspect of the scheme. The loan can be used for a variety of purposes such as for working capital, modernization, expansion, equipment purchases, or renovation to name a few. It can be obtained by new or existing enterprises such as Self proprietors. Service sector firms.
KISHOR
MUDRA Kishore Loans or MUDRA Kishore Yojana are offered to small enterprises that are in their growth stage and require an adequate sized loan. ... The Kishore loan falls in between Shishu (up to ₹50,000 sized loans) and Tarun (₹5 Lakhs to ₹10 Lakhs ) categories.
TARUN
The maximum loan amount offered under the MUDRA scheme is up to Rs. 10 lakh with a repayment tenure of up to 5 years. Tarun (₹5 Lakhs to ₹10 LOAN
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