PNB Kishore Mudra Loan 2024: Eligibility Criteria, Documents required and Loan amount

PNB Kishore Mudra Loan 2024: If you are a person who is looking for a Good loan scheme for running your business then you can check the Pradhan Mantri Mudra loan Yojana which is very beneficial for those who are middle or low-income group category but want to start a business. Punjab National Bank supports the scheme and offers PNB Kishore Mudra Loan 2024 to their customers where you can get 5 lakh rupees instant loan in your bank account. Check the important eligibility criteria for getting the PNB Kishore Mudra Loan 2024, important documentation and charges under the PNB Kishor Mudra loan, monthly EMI, etc which is explained in detail in this article.

Punjab National Bank is one of the nationalized bank in India which is offering multiple facilities to their customers now is participating the Centre Government initiative of Mudra loan. Customers of Punjab National Bank can get up to 5 lakh rupees instantly through PNB Kishore Mudra Loan 2024 by using the official website.

Apart from this amount you can also increase it for up to 10 lakh under the Punjab National Bank Tarun Mudra loan scheme which is the maximum loan amount. The PNB Kishore Mudra Loan 2024 scheme is very beneficial for small business Enterprises such as Taxi Driver, fruit and vegetable vendor, tractor operator, service providers etc. As it is government initiative loan scheme so you will also get relaxation on interest rates and other charges.

PNB Kishore Mudra Loan Charges 2024 

The individual who want to get Mudra loan in Punjab National Bank have to follow all the terms and conditions of the bank including the charges of the loan. Currently bank is offering the loan amount with the interest rates of 9.15%. However it will go up to 12% maximum according to the condition of the applicant.

Bank is offering up to 7 years facilities of paying the EMI of the loan to the bank which is very helpful for low income group also so they can create a small EMI accordingly. However if you are looking only 5 lakh rupees loan under the Kishor Mudra loan then you will get relaxation of only 3 years to pay the EMI.

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PNB Kishor Mudra Loan Business Criteria 2024 

The Kishor category under the Pradhan Mantri Mudra Yojana (PMMY) scheme is ideal for entrepreneurs who need a financial boost to take their business to the next level. This category offers loans ranging from Rs. 50,001 to Rs. 5 lakh, providing much-needed capital for purposes like expanding inventory, purchasing equipment, or renovating your workspace.

Whether you run a manufacturing unit, a retail store, or a service-based business, the Kishor loan can bridge the gap between your current capabilities and your growth aspirations. With potentially lower interest rates compared to traditional business loans and flexible repayment options, the Kishor Mudra scheme can be a game-changer for your small business journey.

PNB Kishor Mudra Loan Eligibility 2024

Individuals have to compile all the eligibility criteria for PNB Kishor Mudra Loan mentioned in the official website of Punjab National Bank for providing Mudra loan 2024 which are mentioned in the below section:

  • Only Indian citizens who have a bank account in Punjab National Bank are eligible to get Mudra loan in the bank.
  • You should not be a defaulter from any other bank
  • The minimum age of the applicant should be at least 18 years old to get Mudra loan from the bank
  • You should have a backup of investment such as working in a company as an employee or any other source of income to provide a guarantee of re payment of the loan
  • Applicant should have a good business category and should also running it a good scale so bank will help to increase the business with providing Mudra loan.

So you have the certain eligibility criteria then apply for the Mudra loan but should also carry the important documents which are introduced in the net section to get the instant approval of the loan.

Documents Required for PNB Kishore Mudra Loan Apply

  • Passport size photograph of the applicant
  • Signature of the applicant
  • Aadhar card and PAN card which should be linked with each other
  • Bank account details of the applicant in Punjab National Bank
  • GST registration certificate of the business
  • Business registration certificate and documents
  • Last year income tax return and GST
  • Balance sheet of the business

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Apply for Punjab National Bank Kishor Mudra loan Online

So if you have sufficient eligibility criteria and have all the document then can visit to the official website of Punjab National Bank and select the Mudra loan section under the business loan where you will find the link of Kishor Mudra loan.

You can read all the latest terms and conditions and eligibility in this section where you can click on the applied now link so you will be asked to enter your resistance mobile number in Bank and your bank account details will automatically show on the screen. Fill out the PNB Kishor Mudra Loan application form and prepare the EMI to repay the loan amount. Once you submit your PNB Kishor Mudra Loan application form bank will verify all the details and contact to you for further verifications after that you will receive the loan amount instantly in your bank account.

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