Raman wants to start the business of fruits and vegetables vendor. He seeks your advice on the criteria, business categories with the maximum amount of loan allowed and eligibility for obtaining loan under the scheme of

Eligibility Criteria for Mudra Loan For obtaining loan under Pradhan Mantri Mudra Yojana, the basic criteria of age should be 18 years old. Loan under the scheme of the Pradhan Mantri Mudra Bank Loan will be available if and only if it is for commercial and business purposes and not for personal purposes. The loan can be availed in any of the following business categories: Business Categories with maximum allowed loan sum are as under: Shishu: Allowed loans up to ₹50,000 Kishore: Allowed loans up to ₹5 lakh Tarun: Allowed loans upto ₹10 lakh Those eligible to borrow from MUDRA bank are: Small manufacturing unit Shopkeepers Fruit and vegetable Vendors Artisans Accordingly, Raman can avail the MUDRA Loan for carrying on the business of fruits and vegetable vendor.