Pradhan Mantri Loan Yojana – Apply Online, Process, Documents, Interest Rate,


Pradhan Mantri Loan Yojana was launched by the Prime Minister of our country, Shri Narendra Modi in the year 2015. Under this scheme, people of the country will be given a loan of up to Rs 10 lakh to start their own small business. given to start a small business) If any person wants to advance his business, then he can also take a loan under this scheme. Dear friends, today we are going to provide you all the information related to this Pradhan Mantri Loan Yojana 2021 like application process, documents, eligibility etc., through this article, read our article till the end.

Pradhan Mantri Loan Yojana

Let us tell you that a budget of Rs 3 lakh crore was prepared by the central government for loans, out of which loans worth Rs 1.75 lakh crore have been distributed so far. Under the Prime Minister Loan Scheme 2021, those who want to take a loan will have to pay no processing charges to take the loan. The loan repayment period under this scheme has been extended by 5 years. The people of the country are given a Mudra card to take a loan under this Pradhanmantri Loan Scheme 2021.

Key Point Of Pradhan Mantri Loan Yojana

Scheme NamePradhan Mantri Loan Yojana
Started byPrime Minister Narendra Modi
PurposeProviding Loan
Official websiteMudra Loan

20619 Loans Disbursed in Meerut district

Under the Pradhan Mantri Loan Yojana, loans worth Rs 119.04 crore were sanctioned for 20619 beneficiaries in Meerut district of Uttar Pradesh. This information has been provided by the Chief Development Officer of the district, Shashank Chaudhary. Apart from this, a meeting of the district level committee of the bank was organized in the Vikas Bhawan auditorium. In this meeting, CDO Shashank Chaudhary has urged all bank representatives to cooperate in government schemes. The loan deposit ratio in district Meerut is 56.54% which should be 60%. Instructions have also been given to banks to keep the loan deposit ratio not less than 60%. Apart from this, in the financial year 2021-22 under Pradhan Mantri Loan Yojana, 20619 beneficiaries have been sanctioned a loan of Rs 119.04 crore during the period up to 10 September 2021. Of these, Shishu loans worth Rs 43.17 crore were provided to 17309 beneficiaries. Kishor loans were provided to 2847 beneficiaries amounting to Rs.39.36 crores and Tarun loans to 463 beneficiaries amounting to Rs.36.50 crores.

  • Lead bank manager Sanjay Kumar said that in the annual loan planner district, against the annual loan plan of Rs 13859.42 crore, during the year 2021-22 June quarter, a loan of Rs 2300.38 crore has been disbursed. This is 17% of the target of the loan disbursement scheme.
  • Against the annual loan plan of 4700.12 crore of Meerut district, during the June quarter of the year 2021-22, a loan of Rs 471.50 crore has been disbursed. This is the achievement of 10% of the target of the scheme. Instructions have been provided to all the bank representatives to achieve their respective Annual Credit Plan targets.

About 28 crore beneficiaries got the benefit of Prime Minister’s Loan Yojana

As you all know, the Pradhan Mantri Loan Yojana was launched on 8th April 2015 by the Prime Minister of our country, Narendra Modi, to promote entrepreneurship. According to the Ministry of Finance, under this scheme, loans up to Rs 15.10 lakh crore have been disbursed from banks and financial institutions to 28.81 crore beneficiaries since the inception of this scheme. This information has been provided by the Department of Financial Services under the Ministry of Finance through a tweet. Under this scheme, guarantee free loan up to Rs 10 lakh is provided in three categories. These three categories are Shishu, Kishore and Tarun. This loan is provided for activities related to manufacturing, trade and service sector and agriculture sector. Under the Pradhan Mantri Loan Yojana, 9.37 crore loan accounts were running till the end of March 2020. Through which a loan of up to 1.62 lakh crore was told.

2% interest subvention to beneficiaries falling under Shishu Category

Last year the lockdown was imposed due to the corona virus epidemic. Self-reliant India campaign was started by the government to give strength to the economy again. Under this campaign, it was decided to provide 2% interest subvention to the borrowers of the Shishu category coming under the Pradhan Mantri Loan Yojana. All those borrowers whose dues are due till 31 May 2020 and they do not fall in the NPA category (whose installments are coming continuously) will be provided the benefit of interest subvention scheme. Last year, as per the plan of the Reserve Bank, the permission to stop the repayment of loans was given due to corona virus infection. The benefit of interest subvention scheme will be provided to all the borrowers covered under this scheme after the completion of the moratorium period. This benefit will be provided for 12 months.

Purpose of Pradhanmantri Loan Yojana 2021

The main objective of this scheme is that there are many people of the country who want to start their own business but are unable to start it due to lack of money, for such people, the central government has started this scheme Prime Minister Loan Scheme 2021. Beneficiaries can start their own small business by taking loan. And under this scheme, providing loans to the people in a very easy way. To realize the dreams of the people of the country through Pradhanmantri Loan Yojana 2021 and make them self-reliant and empowered.

Banks under Pradhan Mantri Loan Yojana

  • Allahabad Bank
  • bank of india
  • Corporation Bank
  • ICICI Bank
  • j&k bank
  • Punjab And Sind Bank
  • Syndicate Bank
  • Union Bank of India
  • Andhra Bank
  • Bank Of Maharashtra
  • Dena Bank
  • IDBI Bank
  • Karnataka Bank
  • Punjab National Bank
  • Tamil Nadu Mercantile Bank
  • Axis Bank
  • Canara Bank
  • federal bank
  • Indian Bank
  • Kotak Mahindra Bank
  • Saraswat Bank
  • UCO Bank
  • Bank Of Baroda
  • Central Bank Of India
  • HDFC bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • State Bank Of India
  • Union Bank of India

Documents for Prime Minister Loan Scheme

  • People starting small business and who want to grow their small business can also apply for loan under this Pradhanmantri Loan Scheme 2021.
  • The age of the borrower should not be less than 18 years.
  • Applicant should not be defaulter in any bank
  • Aadhar card
  • pan card
  • Permanent Address of Application
  • Business Address and Proof of Establishment
  • Balance Sheet of last three years
  • Income Tax Returns and Self Tax Returns
  • passport size photo

Process to apply online under Prime Minister’s Loan Scheme

  • First of all you have to go to the official website of the scheme. Now the home page will open in front of you.
  • On the home page, you will see the types of Mudra Yojana which are as follows.
  • Shishu
  • Kishor
  • Tarun
  • After this a new page will open in front of you. You have to download the application form from this page.
  • Now you have to take the print out of this application form.
  • After this, you have to fill all the important information asked in the application form carefully. After this you have to attach all the important documents.
  • Now you have to submit this application form to your nearest bank.
  • After the verification of your application, the loan will be provided to you within 1 month.


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