How To Get Personal Loan Under COVID 19 Scheme

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The Lock-down, across the country to contain the spread of Novel Corona Virus, has led to a crunch of money for many of us. Closed shops, businesses and offices have badly affected the flow of money in the economy which has resulted in very limited money in our pockets. In such a situation, where this could be a common challenge for the most of us, Banks have come out with special personal loan schemes. We may find these helpful in solving our liquidity problem to some extent. Though, there are a number of Banks, which have come out with special personal loan schemes for their customers, here I will be providing details of the schemes of some major Banks. 1. Bank of Baroda's - Baroda Personal Loan Covid 19 Bank of Baroda is one of the  largest Public Sector Banks in India. It has launched Baroda Personal Loan Covid 19 scheme for its customers who need a personal loan to  meet their liquidity mismatch because of the lock-down   .  Who Can Apply   You can app...
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How To Apply Online For Getting A Mudra Loan

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There are two ways for applying online for a PMMY loan.
One is applying directly through the website of the bank of your choice, and the another is applying through the common portals. 
The first way may not work for all the banks, as all the banks are not giving you convenience of applying online for a PMMY loan through their websites. For this reason you may find it easier to apply through the common portals.
However, I am giving you below the links of the banks which are giving you the convenience of applying through their web-portals :
Online PMMY Application Bank of India (This is a common link for applying all the types of Business Loan)
Online PMMY Application Bank Of Maharashtra (This is a common link for applying all the types of Business Loan.)

Sometimes it may seem more time taking to find the link of online application on individual bank websites, for saving time and for reaching several lenders at a single point, you can visit the common portals, www.mudramitra.in, or www.udyamimitra.in. The first portal www.mudramitra.in is a portal dedicated only for Mudra Loans, whereas www.udyamimitra.in is designed for facilitating Business Enterprises in providing assistance for all kind of business loans including Mudra Loans. Both of these portals provide you the convenience of applying to the bank/institution of your choice.  

For submitting online application through these portals, first of all, you need to get yourself registered with any of the portals. The registration process is very simple and does not involve any cost. Your name, user name, mobile number, e-mail id and business address, these are the requirements you need to provide for registration. Once you are registered, you can apply for Mudra Loans in the next two steps. The first step is choosing any helping hand, it means if you want to sponsor your application from any institution, like- DIC, KVIC etc. The second step is to fill the application for Mudra Loan. You need to fill all the required fields, at the end of the application, you have to select the bank/institution of your choice. After submission, you will receive your application number. You can use this number for further communication as a reference. You can also track your application status with this number. 

These are the genuine ways through which you can apply online for a PMMY or Mudra Loan.

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