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Anonymous

Is it possible to get a loan under mudra scheme for a 20 year old for building startup I’m salaried ( 7.2 LPA CTC) 8 months of experience I don’t have good cibil score coz i never took a loan before I want to quit my job to fully concentrate on

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Hemant Prajapati

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Techsaga Corporations • 1m

If you're planning to quit your job, it means you'll not be having an active income. Additionally, you won't have prior experience building such product to show some proofs. As per my knowledge, govt can provide loan to salaried individual but not the one who doesn't have any income stream.

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Is it possible to get a loan under mudra scheme for a 20 year old for building startup I’m salaried ( 7.2 LPA CTC) 8 months of experience I don’t have good cibil score coz i never took a loan before I want to quit my job to fully concentrate on

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How the financial institutions evaluates whether an individual is deserved for a loan or not? And if yes how much loan he actually deserves? I need this information very clearly. Anyone who knows this please help me.

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