Termed as the 2nd cleanest city of India, Rajkot is a growing economy of Gujarat, as well as India. Sectors like silk, embroidery, watch parts manufacturing and automobile parts manufacturing contribute largely to this city’s economy. Also, the real estate sector of Rajkot has been growing rapidly over the years.
Along with these, tourism is also a contributor to this city’s economy. The Rotary Doll Museum is one of the main attraction of this city. Also, the Jubilee Garden, Shri Ramakrishna Ashram are some notable sites in Rajkot.
The rapidly expanding economy of Rajkot offers various business opportunities, and the introduction of MUDRA loan in Rajkot has further helped entrepreneurs to set up and expand their ventures.
The PMMY Rajkot is purpose-built to extend needed financial support to MSME and SMEs. Here are some prominent MUDRA loan features of this scheme that help in this regard –
To avail the facilities of a MUDRA loan, one needs to keep a credit history devoid of any defaults, and they must be in the age group of 18 - 65. Also, applicants must be associated with a business in the trading, service, or manufacturing sector.
Moreover, successful MUDRA loan distribution depends on the submission of necessary documents as well. The list of documents required for this are as follows –
Furthermore, MUDRA financing scheme is available in three categories, here are the details –
Sl. No. |
Scheme |
Loan amount |
Eligible businesses |
1 |
Shishu MUDRA Loan Rajkot |
Rs.50,000 |
Just beginning |
2 |
Kishore MUDRA Loan Rajkot |
Rs.50,000 - Rs.5 lakh |
Established ventures, but planning an expansion or upgrading equipment. |
3 |
Tarun MUDRA Loan Rajkot |
Rs.5 lakh – Rs.10 lakh |
Well established ventures looking to diversify. |
Even though a MUDRA loan in Rajkot is a great financing option for businesses, it has certain limitations. The restricted loan amount, a lengthy approval process, and strict eligibility terms make it difficult to avail.
A gold loan can be a great alternative in this regard. It offers similar benefits but without the strict eligibility terms and is approved much faster than a MUDRA loan. What’s more, with Rupeek, people can enjoy door-to-door complimentary gold insurance coverage alongside other lucrative benefits.
As a leading gold loan provider of India, Rupeek has introduced a series of benefits to help customers have a better experience. Here are the prominent ones –
These are a few reasons why you may consider concluding googling for ‘MUDRA loan lenders near me’. However, that’s not all. Customers can even benefit from the overdraft facility to deal with cash flow issues.
Rupeek also offers an gold overdraft facility known as Rupeek Quick. It allows our existing customers to pledge additional gold to get more funds. Also, with this credit line facility they have the freedom to withdraw funds at their will. Moreover, they need to pay interest on the amount they use, and not the entire credit line.
The convenience of choosing Rupeek as a lending partner is further enhanced by the doorstep services we offer. It allows our customers to avail an instant online gold loan at their doorstep. It is possible due to our presence in popular localities of Rajkot.
MUDRA loan in Rajkot is a convenient financing option for non-corporate and non-farm businesses. However, the associated loan terms can make it a difficult financial product to avail. In this context, a gold loan is a potent alternative, and with Rupeek borrowers can get an emergency instant business loan at their doorstep in just 60 minutes.
Contact Rupeek today for an affordable financing solution for your business.
The MUDRA loan national helpline number is 1800-180-1111 and 1800-11-0001.
No, there are no MUDRA designated offices in Rajkot. This loan is available via financial institutions operating in the city.
Yes, Rupeek offers an online application facility. You can initiate a loan request by registering your mobile number, and the company representative will contact you for further processing.
No, you can only get a MUDRA loan to purchase new asset, for marketing purposes, or working capital management. You cannot use the funds for personal use.
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