MUDRA (Micro Units Development and Refinance Agency) loans are a government initiative in India to provide financial support to small businesses and entrepreneurs. The loans are categorized into three categories: Shishu, Kishore, and Tarun, based on the stage of business and funding requirements. Here’s a general procedure for applying for a MUDRA loan: Prepare your business plan: Create a comprehensive business plan that includes details about your business, products/services, market analysis, financial projections, and the amount of loan required. Choose a lending institution: Identify the banks or financial institutions that…
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