HDFC Kishore Mudra Loan Yojana 2024: HDFC Bank is providing loans up to 10 lakh rupees to customers under the Kishor Mudra Loan Yojana. Pradhan Mantri Mudra Yojana was launched in 2015 by Prime Minister Narendra Modi. Under this scheme, a person can take a loan to start his own business and to expand the business. The special thing about this scheme is that you can easily get a loan at a low interest rate. If you want to take a loan under HDFC Kishore Mudra Loan Yojana, then you can apply as per the information given in this post.
HDFC Kishore Mudra Loan Scheme 2024
HDFC Bank is one of the leading private banks in India, which apart from banking services also offers Mudra loans for corporate, non-agricultural industries, and small, micro and medium businesses. Under the Pradhan Mantri Mudra Loan Yojana, the bank provides loans up to Rs 10 lakh through Shishu, Kishor, and Tarun schemes.
Under the HDFC Kishor Mudra Loan Scheme, one can avail a loan amount of Rs 50,000 to Rs 10 lakh. This loan is specifically given for starting a new business or expanding an existing business, and its interest rate is also quite low, which depends on the applicant’s profile. The beneficiary can repay this loan in a time period of 12 to 60 months.
HDFC Kishor Mudra Loan Benefits & Features
- Only a few documents are required to take a loan under this scheme.
- The loan amount is transferred to your account shortly after applying.
- HDFC Kishor Mudra Loan is provided for non-agricultural services, trading and construction businesses.
- Under this scheme, you can get a maximum loan of Rs 10 lakh. Whereas, under Shishu Mudra Loan, a loan of up to Rs 50,000 is provided.
- If you need a loan of more than Rs 10 lakh, you can apply for HDFC Tarun Mudra Yojana.
Eligibility for HDFC Kishor Mudra Loan
- The person applying should already have a small business.
- If the applicant is not associated with any startup then it is mandatory for them to have a detailed report of the project.
- The applicant must be an Indian citizen and must be above 18 years of age.
- Apart from this, the applicant should not have any previous loan outstanding.
- Other eligibility criteria will also be assessed, which will be informed to you at the time of applying for the loan.
Documents for HDFC Kishore Mudra Loan Scheme
- Aadhar card
- PAN card
- Bank Account
- project report
- caste certificate
- Address proof
- income certificate
- mobile number
- Passport size photo
How to apply for HDFC Kishore Mudra Loan Scheme?
- For this you have the option to apply both online and offline.
- To apply online, first of all you have to visit the official website of HDFC.
- There on the home page you have to click on the ‘BORROW’ option.
- Now in the dropdown menu of ‘BORROW’ click on ‘PM Mudra Yojana’ in the ‘Other Loan’ section.
- After this you have to click on ‘Apply Now’.
- After this you will reach the Jan Samarth Portal directly.
- If you are already registered on this portal then login to the portal with your ID and password.
- After logging in, go to ‘Business Activity Loan’ and click on ‘Check Eligibility’.
- On the next page select ‘PM Mudra Loan’ and select HDFC Bank.
- Now the application form will appear in front of you, you will have to fill the required information asked in this application form.
- You will then need to upload your documents and click on ‘Submit’.
- This is how you can apply for HDFC Kishor Mudra Loan online.
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