Aadhar Card Loan Yojana Online 2024: A Loan of Rs 1.5 lakh will be available through an Aadhar card, know the complete process

Aadhar Card Loan Yojana Online: Friends, having money is crucial for launching any kind of business! It is crucial to have enough money to launch any kind of business, no matter how big or small. When beginning a business, most people run into financial difficulties. since the majority of people lack the funds necessary to launch a business! However, some people get bank loans in these situations. But the loan is exclusively given to them! Those who can afford to pay back the loan and have sufficient funds! That implies that obtaining a loan requires owning property!

Friends, the nation’s small traders are more likely to experience this issue. because small business owners lack the resources and capital necessary to launch a company. It serves as the foundation for bank loans!

To address these issues, the Pradhan Mantri Aadhar Card Loan Scheme, also known as the PM Aadhar Card Loan, was launched by the Central Government. Small and low-income traders can readily access low lending rates under this plan.
Friends, allow us to explain the PM Aadhar Card Loan Scheme to you in this article. What are the qualifying requirements, application process, and interest rate for the Pradhan Mantri Aadhar Card Loan Scheme, as well as the documents needed to apply? Friends, all of the facts about the Pradhan Mantri Aadhar Card Loan Scheme will be thoroughly presented in this article.

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Aadhar Card Loan Yojana Online

main point	Description
Name of Scheme	Pradhan Mantri Aadhar Card Loan Scheme
start of plan	by the central government
loan amount	₹50000 to ₹10 lakh
loan period	5 Year
Rate of interest	Starting from 10.99%
Required Documents	KYC documents

What is the Pradhan Mantri Aadhar Card Loan Yojana Online

Prime Minister Narendra Modi launched the Pradhan Mantri Aadhar Card Loan Scheme on April 8, 2015. The Pradhan Mantri Mudra Yojana [PMMY] is the name of the Pradhan Mantri Aadhar Card Loan Scheme. Under this program, teenagers across the nation can apply for a guaranteed Mudra loan, up to ₹ 10 lahks, ranging from ₹ 50,000 to ₹ 100,000, to launch a business.

Under the Pradhan Mantri Mudra Yojana, banks offer Mudra loans to start small and medium-sized businesses (SME) and micro, small, and medium-sized businesses (MSME) with interest rates ranging from ₹ 50000 to ₹ 10 lakh at the most. Is not! so that you can utilize this lending program to launch your own company!

Eligibility for Prime Minister Aadhar Card Loan Scheme. PM Aadhar card loan eligibility

• Applying to do business under the Prime Minister Aadhar Card Scheme is open to all national citizens.
• The loan candidate must be at least eighteen years old to apply for PM Aadhar.
• The loan applicant needs a business plan! In addition, the loan applicant ought to already own a store or a business.
• The loan applicant must not be in default with their bank to apply for the PM Aadhar Card Loan Scheme.

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Documents required for PM Aadhar Card Loan Yojana

• Aadhar card
• PAN card
• PM Aadhar Card Loan Application Form
• Identity Proof – Voter ID, PAN Card, Passport, Ration Card etc.
• Residence Certificate – Aadhar Card, Driving License, Voter ID, Electricity Bill etc.
• Income Certificate – Last 6 months’ bank statement, last two years’ Income Tax Return Form, last 1-year business balance sheet, and profit and loss statement
• Latest photo of the loan applicant
• Necessary documents related to business

How to take the PM Aadhar Card Loan Scheme?

There are two ways to apply for the Pradhan Mantri Aadhar Card Loan Scheme: online and offline. In this post, we will explain both techniques to you! It makes it incredibly simple for you to apply for the Pradhan Mantri Aadhar Card Loan Scheme!

PM Aadhar card loan scheme apply – offline

To apply offline for the Pradhan Mantri Aadhar Card Loan Scheme, please refer to the instructions below!

• Go to the bank branch or other financial institution that is closest to you first.
• Next, ask the bank staff for information regarding the Pradhan Mantri Mudra Loan Scheme.
• Take the loan application form from the bank branch after learning more about the Mudra loan.
• Next, thoroughly fill out the Prime Minister Mudra Loan application.
• Next, affix the necessary paperwork to the loan application form.
• Proceed to the bank branch and turn in the application for a Mudra Loan.
• You will then receive a call from the bank! Additionally, you’ll be questioned about Mudra Loan-related details.
• Following this, the bank will authorize your loan.

PM Aadhar card loan yojana apply online

Use the steps listed below to apply online for a PM Aadhar card loan scheme!

• Select the bank with which to apply for the PM Aadhar Card Loan Scheme first.
• Visit the bank’s official website after this!
• The mudra loan option should now show up in the loan area of your screen. In other words, select the Mudra Loan option!
• The application for the PM Aadhar Card Loan Scheme will next appear on your screen. Fill it out with all the details the bank requests!
• Apply for the PM Aadhar Card Loan Scheme after that. Additionally, print off the loan application!
• Proceed to the bank branch, print the loan application, and turn in the necessary paperwork.
• After that, the bank will review your loan application.

The interest rate of Prime Minister Aadhar Card Loan Yojana

The country’s youth are given access to loans under the PM Aadhar card loan initiative at the lowest interest rate possible to facilitate business ventures. The PM Aadhar card loan has an annual interest rate that varies from 10.50% to 12.75%.

Types of PM Aadhar Card Loan Yojana

The Pradhan Mantri Aadhar Card Loan Scheme is available in three primary categories.

• Shishu Mudra Loan
• Kishore Mudra Loan
• Tarun Mudra Loan

Shishu Mudra Loan: Small business owners can apply for an unsecured loan of up to ₹ 50,000 under the PM Aadhar card loan scheme to launch their ventures.

Kishore Mudra Loan: Under the PM Aadhar card loan scheme, in addition to opening your own business, you can apply for a bank loan under the Kishore Mudra Loan Scheme, which offers loans from ₹ 50000 to ₹ 5 lakh.

Tarun Mudra Loan: This bank loan, which has no guarantee and ranges from ₹ 500000 to ₹ 10 lakh, is available to those who wish to do large-scale business under the Pradhan Mantri Aadhar Card Loan Scheme.

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FAQ’s

Q: How much loan can the government give on an Aadhar card?

Ans: Furthermore, I will inform you that the only circumstances under which you will be eligible for a loan up to ₹ 50,000 are working for a living, having a consistent source of income, or operating your own business. will obtain a loan
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Q: Which app can I use to borrow money using my Aadhar card?

Ans: Online personal loans are offered by Hero Fincorp, a fast loan app, based on Aadhar card verification. We don’t allow you to battle for days to obtain the money you require. We are aware of your circumstances and are here to offer you immediate credit anytime you need it.

Q: What is the cost of a Rs. 3 lakh Aadhar card loan?

Ans: A personal loan of up to three lakh rupees can be obtained by anyone who has connected their bank account to their unique UID card. The bank or financial institution examines the borrower’s credit score and financial stability before disbursing the loan.

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