Punjab National Bank - Up to Rs 10 lakh loan for those who want to start business!!
Posted on: 18/Aug/2021 9:09:43 AM
There are many people who want to start their own business but find it difficult due to the various issues associated with getting loans.
The news that has come out now is that PNB or Punjab National Bank would give a loan amount up to Rs 10 lakhs under the Pradhan Mantri Mudra Yojana loan scheme for these persons. It is well known that PNB is the largest bank in India. Point is that this loan would be given to businesses like manufacturing, service industries etc that are not farming enterprises for income generation purposes.
It must be noted that in this Mudra loan scheme loan amount is issued under 3 categories like Sishu loan up to Rs 50 lakhs, Kishore loan up to Rs 5 lakhs and Tarun loan up to Rs 10 lakhs
Various important documents that must be submitted or produced for getting loan amount are Identity or ID card, address proof details, SC/ST/OBC/Minority caste certificates, ID proof of the company with registration number, last 6 months bank reports, balance sheet for the last 2 years and sales details of the current financial year etc.
There are possibilities of the bank requesting additional documents also and that would depend on the loan amount. Those who want loan amount are requested to contact their nearest Punjab National Bank.
