Government Mudra Loan for SC ST and OBCs

Government Mudra Loan for SC ST and OBCs

With the implementation of the MUDRA loans, than central government is trying to provide the small and micro business establishments in developing their base. The government is of the opinion that if these business owners develop their trade, then the overall financial situation of the nation will also improve. The terms and conditions of the MUDRA loan has been charted in such a way that the people belonging to the ST, SC and OBC categories get special benefits.

Special relaxations for these categories

The following are some of the points that are only applicable for the people belonging to the ST, SC and OBC categories. These benefits can also be availed by the women. Preference will be given to people of these categories as they belong to poor and backward classes.

Identification of the applicant – documents supporting the identification claims is a must for all. People of ST, SC OBC and women candidate will be able to apply for the loan and provide their ID documents. They will be able to attest the photocopy of the voter card, Aadhar card or any other ID proof by themselves.

Residential proof – along with the ID, the applicant will also have to provide their residential proof documents. Any document that has the permanent address, like the Aadhar card, Voter ID, water bill, electricity or landline bill will be able to authenticate the residential claims.

Details of the business – the applicant will also have to provide documents that will assist the authority in gathering information about the ownership of the business. The details of the expense on the machinery and other associated aspects must be submitted with the application form

Certificate of ST/SC/OBC – to get the benefits of the benefits, which are especially reserved for the poor and backward classes, the applicant will have to attach a photocopy of the ST/SC/OBC certificate along with the loan application form.

Apart from these, the applicant will also have to provide two recently clicked passport sixed photographs. It will assist the authority in verifying the identity of the applicants. Other than these, the rest of the rules are same for all.

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