Pradhan Mantri Mudra Yozna
What is the MUDRA Yojana?
This is a scheme of Government of India to provide Collateral free (No Security) loans to small businesses and micro institutions. This scheme would intervene in providing finance to these micro institutions in three stages:
Under the Shishu stage, MUDRA will provide a loan up to RS.50, 000 to small businesses.
Next is the Kishor stage. Under this stage, MUDRA will provide loans of an amount ranging from RS.50, 000 up to Rs.5 lakh.
Last stage of intervention is the Tarun stage. Under this stage, loans of amounts ranging from Rs.5 lakh to Rs.10 lakh will be provided.
Who is eligible for loan under MUDRA Yojana?
Under the MUDRA Yojana, all small businesses and enterprises in need of finance are eligible for a loan.
What are the benefits of MUDRA Yojana?
First off, no necessary collateral or loan application fee is required to place an application for loan. Apart from this, another key feature of this scheme is that its interest rate is only 1%. With such key features , easy access, systematic guidelines and low cost of finance, this will indeed help the small businesses and entrepreneurs from lower income groups to develop and grow and increase their social upward mobility and in turn develop the country’s economy as well.
RESPONSIBILITY OF AGENCY
Responsibility of the Agency will be TO FILL UP MUDRA YOJANA LOAN APPLICATION from the Applicant’s interested in taking Mudra Loan & then enter their details on the Online Portal of the Bank. USER ID and PASSWORD of the PORTAL will be provided by us after signing of the Agreement with us.
Work Flow –
1. Signing of Agreement.
2. We shall assign Username & Password. (Within 05 days from Signing of Agreement).
3. Agency Starts Working after getting the Online Training from Us.
4. Agency Collects Mudra Yojana Application Forms.
5. Agency logs in the application in the specified bank portal.
Payment – (Slab Commission)
Forms/Entry in a Month Commission per Form
501 – 1000
1001 – 3000
3001 – 5000
Payment Schedule – 45 days Payment Terms.
Example - Payments against forms generated in the month of May will be paid on July 15, 2016. Payments against forms generated in the month of June will be paid on August 15, 2016. Payments against forms generated in the month of July will be paid on September 15, 2016.
Revenue Calculation - If Agency Does 50 Application's per day then in a Month(25 working days) the Agency Will be doing 1250 forms. The Agency will be generating a Revenue of Rs.1,25,000 (1250 forms*Rs 100) upon successfully submitting the 1250 forms in the online portal.
Work Start within - 7-10 Days
Ad id: 109