Where to get the Best Mudra loan in Chennai?
Searching for the best financiers to start-up your micro business in Chennai, but are still unsure of whom to approach? Well, look no further. TN Finance is here to help provide you the most efficient and best financial services to start-up, sustain and grow your businesses. Rated as the top financial experts in Chennai, we help provide finance support for your micro and small businesses through MUDRA loans. Started by the central government of India as to support the development of micro and small business, MURDA loan does not provide loans directly to the business but provides refinance to banks and NBFC’s to financially aid the small businesses.
Mudra loans can be availed only by those businesses that come under non-farm activities like generation, manufacturing, artisan, trading or service industries. TN Finance provides the best Mudra loan for small businesses at the lowest interest rate. It is a collateral free loan which can be used for a wide range of business expenses. Click here to know more.
Businesses activities that are covered under Mudra loans
Mudra loans can be used to purchase transport vehicles like autorickshaws, 3 wheelers, two wheelers, e-autos, taxies, tractors, trolleys, tillers, etc. strictly for commercial purposes only.
Community, Social & Personal Service Activities
Mudra loans can be used for business or services that involve community, social and personal activities. These activities include Salons, beauty parlors, gymnasiums, dry cleaning, tailoring, DTP, medical shops, courier agencies etc.
Mudra can be availed by those operating food related businesses like papad making, achaar, jam/jelly making, sweet shops, food stalls, catering services, cold chain vehicles, cold storages, ice making units, ice-cream shops, biscuit, bread and bun making units.
Textile products or Activity
Mudra loan also provides aid to textile related enterprises that include Handloom, powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work. It also helps provide financial support to businesses that involve traditional dyeing and printing, apparel design, knitting, cotton ginning, computerized embroidery, stitching and other textile non-garment products such as bags, vehicle accessories, furnishing accessories, etc.
Traders and shopkeepers
Mudra loan scheme of Tarun loan which provides loan facility of up to rupees 10 lakhs per business/borrower can be availed by those operating shops that relate to the field of trading & business, service, and non-farm income generating activities.
Activities allied to agriculture.
Although Mudra loan is not eligible for those that work in agricultural sector, it can be availed by people doing business in agriculture allied activities like pisciculture, apiculture, poultry, livestock-rearing, grading, sorting, aggregation agro-industries, diary, fishery, Agri-clinics and agriculture related business centers, food, processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells).