RuPay Mudra card (Get Loan ₹50,000 to ₹10,00,000)

RuPay Mudra card (Get Loan ₹50,000 to ₹10,00,000):

https://www.rupay.co.in/rupay-mudra-card-...it
https://www.icicibank.com/Personal-Banking/loan...
http://www.bankofindia.co.in/english/Rupay_Mudr...
http://www.mudra.o...n/
http://www.mudra.org.in/Off...gs

RuPay Mudra card: Micro Units Development and Refinance Agency Ltd (MUDRA) Bank, launched on 8th April, is a scheme featuring new and advanced methods for providing funding to the small scale industries. With the striving notion of “Funding the unfunded”, the yojana has been structured keeping in mind the financial needs of the rural public.

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

The RuPay Mudra card comes with a Personal Accident and Permanent Total Disability Insurance cover of Rs.1 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

Shishu: covering loans up to ₹50,000
Kishore: covering loans above ₹50,000 and up to ₹5,00,000
Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

The maximum limit for cash withdrawal under this card has been restricted to 25,000/- INR per day, any ATM. Appliers of the card would have the option of personalizing with their name on the front side of the card. This card will cover both cash credit and current deposit account. At the beginning stage, cards enabled with magstripe will be issued. Bank has not waived off any transaction charge for each transaction done through the card. This is applicable from the first transaction itself.