Great baby loan for small business, the government is giving a 2% discount on interest!

Bank ATM

In the midst of the Corona crisis, the central government has announced a rebate on the interest rate of Shishu Loan to rebuild small businesses or start new businesses. The Shishu Loan Scheme is part of the Modi government’s ambitious Mudra Yojana. If you have taken a baby loan from the bank and are thinking of taking it then you will benefit from the new announcement of the Modi government. Loans up to 50 thousand rupees are available under Shishu Loan. Its purpose is to help those doing business on…

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PMVVY a government-guaranteed pension scheme

Pradhan Mantri Vaya Vandana Yojana

The Pradhan Mantri Vaya Vandana Yojana (PMVVY), which is a fixed return pension scheme for senior citizens, is ending from March 31st, 2020. It is a ten-year pension scheme, with the option of withdrawing income at regular intervals such as monthly, quarterly, half-yearly or yearly. The scheme has an upper cap for investment and pension which an investor can draw. The maximum investment allowed under PMVVY scheme is Rs.15 lacs, whereas the maximum monthly pension which can be drawn by an individual is limited to Rs. 10,000. It is noteworthy…

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