PMMY – Punjab Gramin Bank

1.	ELIGIBILITY	Individual, Proprietorship, Partnership firms, Limited Liability Partnerships (LLPs), Private/ Public Ltd. Cos. Or any other legal entity having GST Registration No. (wherever applicable) & valid Udyam Registration (mandatory). MUDRA loans may be extended on cluster basis also subject to maximum ceiling.
2.	PURPOSE	Credit Facility to Non-Farm Enterprises engaged in Manufacturing, Trading and Services activities for income generation. (Only Micro and Small Enterprises (MSEs) as per MSMED Act 2006 can avail Mudra Loans)
3.	EXTENT OF LIMIT/ LOAN	Up to Rs. 10.00 Lakh (The maximum quantum of exposure from all Banks / Financial Institutions shall be Rs. 10 Lakh per enterprise / borrower). The Scheme is classified into three categories: Any Indian Citizen with 40% or more disability. Age above 18 years. The borrowers already covered under any other scheme of financing sponsored by Central or State Government or financing institutions and having outstanding loans against their names shall not be eligible.
4.	SECURITY	Primary – Hypothecation of assets created out of Bank loan. Collateral – Guarantee Coverage under CGTMSE shall be obtained
5.	MARGIN	Nil upto 2 Lakh
5.	RATE OF INTEREST*	Starting from 9.75% p.a (linked to Repo Rate, subject to change from time to time)
Subject to change from time to time For more information or any query related to the scheme, kindly visit your nearest PGB branch.*

Download Our mBanking App