This is Vivek Amban, from Kannur, Kerala. I am planning to takeover a running grocery shop and make it to a mini mart.
For takeover can I get the mudra loan? If so what kind of project report I have to submit.
Then as it is small shop not maintaining stock updates and all , and I have to take all the furniture and other things along with stock items, and can furniture include in loan amount?
On top of the basic criteria set by the government, lending institutions will have their own norms and guidelines for providing loans under the scheme. As such, you need to read the terms and conditions of your particular lender to ascertain the extra eligibility conditions that they might have put in place. You can check sample requirements for the Mudra Loan below
A versatile loan as this has the following criteria to be met in order for the applicant to avail the loan
Based on the different options available under the scheme, differing rates of interest and repayment tenures are available for loans availed under Pradhan Mantri Mudra Yojana (Mudra Bank Loan). Aimed to facilitate growth and prosperity of businesses and enterprises in the micro segment, these loans can be very helpful to ease any kind of financial crunches.
So you can take mudra loan. first contact to any bank,prefer to contact the bank where you have your bank account. and ask them about Mudra Loan.
They will provide you details and other requirements.
Normally you shpild have-
1) PAN Card
4) Registration of firm
5) Two or three year ITR,Computation & Balance Sheet
6) Estimated and projected balance sheet
7) A Short description about your shop or your project.
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