If you want to start a business, then there is good news, now Modi government will give help up to Rs10 lakh, know the whole thing.

If you want to start a business, then there is good news, now Modi government will give help up to Rs10 lakh, know the whole thing.

Mudra loans are generally given for 3-5 years. Let us tell you that at present, under this scheme, a maximum loan of up to Rs 10 lakh is available to the people. Rising NPAs have become a problem in this loan segment.

Mudra loan is given for about 3 to 5 years.

As everyone knows that during the Corona period, the country's largest public sector bank has seen a huge jump in the bad Mudra loans of SBI. In the financial year 2020-21, there has been a huge jump of about 23 per cent. Let us tell you that earlier the experts said that during the Corona period, the possibility of Mudra loan being NPA is very less because RBI had also announced the moratorium for six months. But due to its conversion into NPA, a lot of problems have also increased.

Let us tell you that according to the report of Business Today, the NPA is increasing very slowly in Mudra loans given to small businessmen. But the compulsion in front of the banks is that they will also have to continue this loan. Due to this, their provisioning is also increasing continuously. In such a situation, SBI's Outstanding Mudra Loan in the financial year 2020-21 has been shown to be Rs 26302 crore, while the NPA in it is Rs 6000 crore. Let us tell you that bankers say that the NPA in Mudra loan is also much higher than other loans like agriculture loan and MSME loan.

Let us also tell you that Shaktikanta Das had also warned about the increasing NPA.

Mudra loan is given for around 3-5 years. Let us tell you that at present, under this scheme, a maximum loan of up to Rs 10 lakh is available to the people. But the UK Sinha Committee, appointed by the RBI, had told in its report that its limit should be increased to Rs 20 lakh, although banking experts have expressed their concern over the conversion of this loan into a bad loan. expressed. Governor Shaktikanta Das also told banks in the past that it is important to be cautious about bad loans in Mudra loans.

Mudra Loan: There are three types of Mudra loan

Mudra loans are given at least 50 thousand rupees and there is a Mudra loan up to a maximum of 10 lakh rupees. Let us tell you that there are three types of loans. For example, loans up to Rs 50,000 are given under Mudra Sishu. And secondly, loans from 50 thousand to 5 lakh are given under Mudra Kishor, while loans from 5 lakh to ten lakh are given under Mudra Tarun, so the government has always tried to promote entrepreneurship. More people should get the benefit of Mudra Shishu. In this, the loan amount is also very less. If someone wants to open a small shop as soon as he thinks of it or starts a shop with this small loan, then in such a situation, the stomach of a family can be easily filled.

What is the main purpose of the Mudra loan?

Let us tell you that there are many motives for starting this scheme. As such, the biggest objective is to promote entrepreneurship, so that employment will increase and unemployment decreases. As such, this loan is also given to vendors, traders and shopkeepers. At the same time, micro-units also get this loan for equipment. Partners, as well as people, can take this loan to buy vehicles for commercial purposes. Apart from this, this loan is also taken for work related to agriculture, for works like fly rearing, fish farming, poultry farming. However, let us tell you that this loan is not given for agriculture-related work and for farming.