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Loan for new business

CA Priti Bamal (138 Points)

03 August 2019

what is eligibility for Pradhan Mantri Mudra loan Yojana? Is itr for 3 years required?

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5 Replies

divyesh kalyani (vapi) (29 Points)
Replied 03 August 2019

No its not required

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RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 03 August 2019

Originally posted by : CA Priti Bamal
	what is eligibility for Pradhan Mantri Mudra loan Yojana? Is itr for 3 years required?

Not required 3 years. Some times bankers ask ITR for one / Two years. But, They required self details and other details like FS (Machine cost & Proforma)

divyesh kalyani (vapi) (29 Points)
Replied 03 August 2019

You have to give invoices and also you hv to get local authority approval
from municipalty or etc lik that

Smitha (Onwer) (22 Points)
Replied 22 October 2020

There are various schemes that provide loans to small and medium enterprises. They come with different eligibility criterias. You can check out for other finance providers like SME corner. You can apply for a new business loan and get check eligibility and further receive funds quickly.

Sam Patel (4 Points)
Replied 26 July 2021

Looking for a loan for a new business? Taking a business loan is the solution. A business loan provides financial assistance to small-business owners for expanding their business, purchasing raw materials, new machinery or equipment, or paying off their employee's salaries. It ensures that your business is having an adequate flow of cash for moving it towards the growth path. Shriram City offers the best offers in business loans along with minimal documents and flexible tenure periods.