What is the Procedure to Take Loan for PCD Franchise?

Do you wish to be an entrepreneur? If yes, then what is stopping you? Do you see yourself as a potential businessman and are worried about funds? In this post we will provide you for the problem of funding. In the current world where there is so much of competition, one does not easily get loans and if you are someone who has nothing to put up as collateral will find it impossible to start your own PCD Pharma Franchise business!

In order to help these poor people the government of India has initiated a government scheme that is known as the Mudra Yojana Scheme. Here we will discuss what MUDRA scheme is and how can one avail its benefits.

What Basically is Mudra Loan? How Does it Help One to Become an Entrepreneur?

MUDRA stands for Micro-units Development & Refinance Agency Limited. On April 15, 2016 the honorable P.M, Narendra Modi initiated and launched the Pradhan Mantri MUDRA Yojana (PMMY). The P.M started this scheme as he was aware of the vast potential in the people of India and their talent, along with the difficulty the people faced being financially not so stable. He wanted the potential to flow in the right direction. It offered the opportunity for many people to fulfill their dreams by providing loans to individual or groups of individuals with new and good ideas starting from Rs. 50,000 to Rs. 10 lakhs. Depending upon the stage of the business, the government provides loan. Basically, there are 3 slabs

• Shishu: Finance need up to Rs. 50,000
• Kishore: Rs. 50,000 to Rs.5 lakhs
• Tarun: Rs. 5 lakhs to 10 lakhs

If the business is already established and then you are facing mid-term crises then the loan amount may vary. But if you are on the possible initials then you may avail for the 1st slab that is Rs. 50,000.

Procedure to Apply for MUDRA Loan for Pharma Franchise Business

By joining hand with this scheme there are many benefits that one can avail and realize their dreams. Here you do not have to pay the processing fee, large interest, provide collateral security and go under debts. Throughout the whole process one bank will be involved, therefore it is better to a keep an eye as to what is being offered by various bank and then choose the best option. Here are few steps you need to follow to get the loan:

1. Shortlist the bank that provides you the best loan proposals.
2. Send application to a number of banks.
3. Wait for the loan to get sanctioned
4. Once the loan is accepted, the person will receive a Mudra card (RuPay card)
5. The card can be easily used and money can be withdrawn

Major Document Needs to be Submitted to take MUDRA Loan Application

When you are applying for the MUDRA scheme, it is not necessary that all the people will apply for the same type of investment; some will apply for something other may apply for another thing. The purpose of investment will be different for different people; therefore the documents required shall also vary.

• Fill MUDRA loan Application offline or through Mudra Mitra portal (mudramitra.in)
• Identity proof i.e. Aadhar Card/ Driving Licensing/ PAN card/ Passport etc.
• Recent photograph and birth certificate
• Residential proof
• BIL/RCB application form
• Business plan 
• Quotation of spending plans
• Bank statement of last 6 to 12 months (as per bank)
•  Identity & address proof
• Copy of SC/ST/OBC/ Minority certificate (if)

Conclusion

If you are thinking of opting for a loan for starting you own business then Pradhan Mantri MUNDRA Yojana is the best option which is easy, convenient and helpful. This scheme provides you with a great number of benefits. Investing your money in pharma franchise is a good option. SKG International offers the best PCD Pharma Franchise business options. We believe in mutual benefits and thus provide the franchise holder a lot of benefits. If you wish to know more, feel free to connect.

Call: +91-9501957971, +91-8437837771
Email: skginternationals@gmail.com