Satish by Tamil Nadu of Pradhan Mantri Mudra Yojana gave a new flight to the furniture industry, expanded by taking a loan of more than Rs 3 Lakh

Thiruvallur (Tamil Nadu), April 4 (IANS). Satish, the owner of a furniture store in Awadi, Tamil Nadu, under the Pradhan Mantri Mudra Yojana (PMMY) of the Government of India, has gained loans under a low interest under the Pradhan Mantri Mudra Yojana (PMMY) of the government of India, to offer Loans to Loans. In three installments, Satish took loans from 50 thousand to 3 lakh calls to increase his business. Saath said he has been operating a small furniture store for the past ten years, but that he could not expand his business due to financial problems. He tried to get loans from banks several times, but he had no success. However, when he got to know the PMMY scheme, he decided to use the scheme. He then received a loan at a low interest rate, which was very beneficial to his business. Saath said he initially made a loan of Rs 50,000, which later increased to Rs 1 Lakh. He currently obtained a loan of Rs 2 Lakh through the PMMY scheme. He said that with this loan I expanded my business and that I could now provide more customer service. After utilizing the scheme, Saath said about his success, saying that the scheme is very useful for small businesses, and he advised other small business owners to take advantage of this scheme. Explain that the Pradhan Mantri Mudra Yojana (PMMY) is an important financial initiative launched by the Government of India, which aims to offer cheap and easy loans to micro-, small and medium businesses (MSMEs). The scheme was launched on April 8, 2015, and its main purpose is to provide financial assistance to small entrepreneurs such as shop owners, artisans and self -employment to start or expand their business. There are three categories of loan under this scheme: baby (up to Rs 50,000), teen (from Rs 50,000 to Rs 5 Lakh), and Tarun (from Rs 5 Lakh to Rs 10 Lakh). The beneficiaries of this scheme may be small entrepreneurs of non-corporate, non-agricultural sector. Such as fruit-green sellers, sewage, small manufacturers and people related to the service sector. Debt is provided by banks, microfinance institutions, financial enterprises that are not in the bank (NBFCs) and other financial institutions, and it usually does not require any collateral. In addition, a currency card is also issued to the beneficiaries who can use them to withdraw their debt amount and their business needs. -Ians PSM/GKT shares this story tags