Avail loan without any guarantor or mortgage under ‘Mudra Bank Scheme’: Thakur

SRINAGAR, Sept 16: Coming with a noble idea and initiative to revitalize the small revenue generating units or establishing new ones, Narendra Modi led NDA government came up with ‘Mudra Bank Scheme’ to provide hassle free financial assistance to unemployed youth, women and weaker section of society.

BJP media in-charge Kashmir, Altaf Thakur said under the scheme a financial assistance from Rs 50, 000 to Rs five lakh and 5Lakh to 10 Lakh would be given to the needy people for restarting or establishing their business units in the state. “This scheme is aimed to save small scale business units from brokers and landlords,” Thakur said.

He also said that this loan can be availed at any bank branch in the state without any guarantee or mortgage.

“The plus point of this scheme is that meager one (1) percent interest rate would be charged monthly,” Thakur said, adding, banks would have a Nodal Officer to guide the people in availing this scheme.

Thakur further said that a loan mela would be organized from September 25th to 2nd October in all the districts.

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