PMEGP Adhar Card Loan: 35% subsidy for development of small businesses Rs. Loan up to 10 lakhs
Friends!! Through today’s article, how can we take a loan at a very low interest rate through Aadhaar card which is available to everyone in our country? We will inform about the matter. Many people struggle to find money to start a small business, or grow an existing business. We continue to see many people who dare to take general or personal loans from banks with high interest rate ( 11.5% to 14% ) and are unable to repay them. But Pradhan Mantri Aadhaar card loan is given at a very low interest rate.
Friends, if you are interested in taking this PM Aadhaar card loan, read this article completely. Because how to take a loan in this article? What are the qualifications? We have explained the required documents and some more.
What is the PMEGP loan interest rate?
PMEGP interest rate is much lower than all other bank loan interest rates. 7.3% to 12% . Note that this interest rate varies based on your CIBIL score.
Advantages of PMEGP Loan?
The rural area availing this PMEGP loan will also get a subsidy of up to 35% . PM Aadhaar card loan can be availed up to Rs.10 lakh .
Eligibility for taking Pradhan Mantri Aadhaar Loan
You must meet the following eligibility criteria to avail PM Aadhaar Card (PMEGP) Loan.
Should be citizens of India.
Candidate should be above 18 years.
CIBIL score should be 750+
The applicant must have a business model and a pre-established small business or shop.
Documents Required for PM Aadhaar Loan?
You must have below documents to apply.
- Aadhaar card
Aadhaar Verification Document
6 months bank statement
PAN card
Also there should be proof of business existence.
How to apply for PMEGP loan?
PMEGP Loan Application Link
First click on the “PMEGP Loan Application Link” button given above.
Online application will open for you to apply for PM Aadhaar loan.
There you fill Aadhaar card number, name, address, business details and other required details.
Finally fill in the bank details there as well.
Then check all the filled details again and click on “Save Application Data”.