NHPC Share Price in Focus: Company Announces Plans to Raise Debt

NHPC share price is in focus today. This follows the company’s board approval for raising up to ₹6,300 crore in debt during FY 2025–26. On Wednesday, NHPC stock was up 1.29% and closed at ₹80.19 on the BSE. The firm’s market capitalisation was roughly ₹80,551 crore. The stock had witnessed a 3% price decline this year.

NHPC’s Debt Raising Details

On Wednesday, around 12.04 lakh NHPC shares were traded on the BSE. As per news reports, the company will raise funds through unsecured/secured corporate bonds. They will be issued in multiple tranches on a private placement basis. These bonds will also be non-convertible and redeemable.

As per a stock exchange filing, NHPC will also raise debt via external commercial borrowings or term loans.

NHPC’s Partnership with RailTel 

RailTel has signed an agreement with NHPC to offer ICT and IT services.

NHPC Q3 Financial Performance

NHPC recorded a 52.5% year-on-year decline in net profits. In Q3, the company’s overall revenues reached ₹2,286.8 crore and net profits fell to ₹231 crore. Total revenue from operations surged by 11.3%. EBITDA climbed 35.8% on an yearly basis and reached ₹1,021.5 crore. EBITDA margins were estimated at 44.7%.

About NHPC 

NHPC Limited produces and distributes bulk power. It is also involved in other business activities such as project management, consultancy services, and construction contracts. The state-owned hydropower company also trades power. Its power stations are based across various regions. This includes Salal, Dulhasti, Nimoo Bazgo, Kishanganga, and Chutak.

Some of its other stations are based in Baira Siul, Dhauliganga, Tanakpur, Loktak, and Rangit.

Market Reaction

The Indian stock market reacted positively to the news of NHPC’s borrowing plan and its partnership with RailTel. The NHPC share prices increased. Despite witnessing a decline in profits, the company has shown EBITDA and revenue growth.

Conclusion

NHPC’s borrowing plan can influence the company’s future growth positively. Its partnership with RailTel will enhance its existing IT infrastructure. The company’s numerous power stations and business growth will strengthen its market position. Despite profit declines, EBITDA AND revenue growth reflect its operational strength.

As of 10.23 AM, NHPC share price was trading at ₹80.08, which was a 0.15% fall from the previous close.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SBI Card Updates Reward Points and Insurance Benefits

SBI Card has updated its existing reward points program. Moreover, it has revised terms of benefits for various cardholders. The changes will be effective from March and April respectively. Reward points on certain digital and travel purchases will be cut.

Affected Cards

To maximise their financial benefits, cardholders must be aware of the new changes. Based on news reports, the changes will apply to Air India SBI Platinum Credit Card customers. They will also apply to SBI Signature Credit Card users and SimplyCLICK SBI Card customers.

Changes in Online Transactions Made On Swiggy 

Effective from FY 2025-26, reward points for SimplyCLICK SBI Card users will be reduced. Specifically, digital transactions made on Swiggy will witness a cut from from 10X to 5X. However, card users will continue to earn 10X reward points for making transactions on other channels. This includes Apollo 24X7, Cleartrip, Dominos, BookMyShow, IGP, Yatra, Myntra, and Netmeds.

Air India Ticket Purchase Changes

SBI Card will update its reward benefits program for booking Air India tickets from March 31, 2025. Transactions made on Air India’s app/website will reduce to 5 reward points per ₹100. This change will be applicable for Air India SBI Platinum Credit Card primary cardholders.

Moreover, Air India SBI Signature Credit Card cardholders will also witness reward points cut. They will now earn 10 reward points per ₹100 spent.

Discontinuation of Complimentary Insurance Coverage

SBI Card intends to discontinue complimentary insurance coverage from July 26, 2025. This includes both complimentary air and rail accident insurance coverage worth ₹50 lakh and ₹10 lakh respectively.

Cardholder Awareness

Cardholders must review these new terms and adjust their spending habits. This will maximise other benefits for them.

On Wednesday, SBI Card share price opened at ₹849.00 and reached a high of ₹853.15. It closed at ₹844.20, up 0.58% from the previous close.

Conclusion

SBI Card’s updates to insurance benefits and reward points will affect many cardholders across India. These changes will be effective from March, April, and July 2025. This requires all cardholders to reassess their insurance needs and monthly spending habits. Staying informed is crucial for navigating these adjustments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

UIDAI To Provide Enhanced Aadhaar Services With Sarvam AI

UIDAI is an abbreviation for the Unique Identification Authority of India. The UIDAI has partnered with Sarvam AI to enhance user experience for Aadhaar services. Based on news reports, Sarvam AI is a full-stack Generative AI company based in Bengaluru.

AI-Driven Voice Interactions

Sarvam will deploy an AI solution to ensure voice-based interactions with UIDAI’s online users. This will specifically address resident-centric queries. It will also take near real-time feedback of services availed by Aadhaar holders. Besides, it will cover update and enrollment processes, while addressing potential overcharging issues.

Real-Time Fraud Alerts

It will send real-time fraud alerts to Aadhaar holders in case of detection of suspicious activity. The agreement has taken effect from March 18th.

Multilingual AI Support

The AI tool will enable voice interactions in 10 different languages. This includes Hindi, Marathi, Gujarati, Kannada, English, Telugu, Tamil, Odia, Punjabi, and Malayalam. Additional languages will be introduced later. The tool will also facilitate multilingual fraud detection.

User-Centric Innovation

UIDAI prioritises Aadhaar-card holders. It constantly upgrades its existing technology to enhance user experience for every citizen. The new agreement is a step towards that direction.

Collaboration and Data Security 

Sarvam AI has delivered a customised GenAI stack which will be owned by the UIDAI. It is deployed on-premise within the UIDAI’s IT infrastructure. To ensure security and data sovereignty, the UIDAI infrastructure is air-gapped.

The MoU is a one year contract between the UIDAI and Sarvam AI. It can be extended next year also, as per news reports. The solution was developed by Sarvam AI volunteers who worked in collaboration with UIDAI’s Technology Centre.

Conclusion

The UIDAI and Sarvam AI partnership aims to modernize Aadhaar services. It will improve user experience through AI-driven voice interactions and fraud detection. It will ensure data security and accessibility in multiple languages. This collaboration reflects UIDAI’s commitment to innovation and user-centricity.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

Why Did Garden Reach Shipbuilders Share Prices Surge by 19%?

Garden Reach Shipbuilders share price surged by 19% today on the NSE. This caused a notable rise in many other defence stocks. On Wednesday, March 19, 2025, The stock led the list of top gainers on the Nifty 50 index.

Defence Stocks’ Share Price Trends

Mazagon Dock share price surged by 8%. Bharat Dynamics share price also surged by 8%. Other stocks to move upwards included Cochin Shipyard share price (7.5%) and Bharat Electronics share price (2%). This indicates positive market sentiment and rising investor confidence in the shipbuilding and defence sectors.

Growth in German Defence Spending

German lawmakers’ approved a spending package to meet national defence needs on Tuesday. This has unlocked access to billions of Euros for enhancing expenditure on defence and infrastructure. They plan to raise the debt ceiling on the government’s defence spending.

Creation of European Defence Community

As per news reports, Germany’s chancellor has termed it a “first great step”. The new law will create a broader European defence community that includes non-EU member countries. This includes Norway and the United Kingdom. European countries are collectively embarking on a strategic program to protect themselves against Russian aggression in the future.

Rising Defence Exports from India

In FY 2024, India’s defence exports rose to ₹21,000 crore. This is a year-on-year growth of 32.5. India exports defence and security equipment to 100+ countries. The US, Armenia, and France are its topmost export destinations. This is as per an October 2024 PIB release.

Stock Recovery

Most defence stocks had experienced significant lows in 2024. Their share prices had dropped by 30%-60%. They had undergone a phase of correction from a period of reaching all-time highs earlier.

Market Sentiment

The defence spending boost by Germany has positively impacted India’s defence stocks. This reflects the interconnectedness of defence markets globally. Indian defence exports have also made a major contribution to industrial growth. The upsurge indicates renewed investor interest in these stocks, signalling a potential recovery from 2024.

Conclusion

The rise in India’s defence stocks can be directly linked to the increased defence spending by the German government. Combined with India’s growing export capabilities, this event has positively impacted the market sentiment. The defence industry of India is poised for notable growth in the coming years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

 

Mid-Day Top Gainers and Losers on March 19, 2025: Vibhar Steel Tubes and Uravi Defence Shares In Focus

On March 19, 2025, as of 01:17 PM, the BSE Sensex was up 0.25% at 75,490.69, while the Nifty 50 was down 0.36% at 22,915.60. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low Prev. Close LTP %chng
VSTL 131 155.83 131 129.86 155.83 20
DOLATALGO 74.9 88.14 74.9 73.45 88.14 20
KSOLVES 344 410.55 340.85 342.15 410.55 19.99
GRSE 1,372.00 1,634.70 1,372.00 1,367.80 1,627.70 19
SINDHUTRAD 16.25 18.93 16.25 15.99 18.88 18.07

Vibhar Steel Tubes Limited (VSTL)

The share price of Vibhar Steel Tubes Limited surged by 20%, reaching ₹155.83 from an opening price of ₹131, reflecting strong market interest as of mid-day.

Dolat Algotech Limited (DOLATALGO)

Dolat Algotech Limited saw a 20% increase in its share price, climbing to ₹88.14 from ₹74.90, signaling a positive market sentiment.

Ksolves India Limited (KSOLVES)

Ksolves India Limited experienced a 19.99% rise, with its share price reaching ₹410.55 from ₹344, indicating a strong upward trend.

Garden Reach Engineers and Shipbuilders Limited (GRSE)

Garden Reach Engineers and Shipbuilders Limited’s stock grew by 19%, reaching ₹1,627.70 from ₹1,372, highlighting a significant mid-day rally.

Sindhu Trade Links Limited (SINDHUTRAD)

Sindhu Trade Links Limited’s share price rose by 18.07%, reaching ₹18.88 from ₹16.25, showcasing solid growth on the day.

Mid-Day Top Losers

Symbol Open High Low Prev. Close LTP %chng
URAVIDEF 388 388 291.6 364.45 291.6 -19.99
GLFL 4.6 4.6 4.18 4.41 4.18 -5.22
KESORAMIND 7.11 7.11 7.11 7.49 7.11 -5.07
AGSTRA 10.74 10.74 10.74 11.31 10.74 -5.04
PARSVNATH 21.69 21.85 20.98 22.09 20.98 -5.02

Uravi Defence and Technology Limited (URAVIDEF)

Uravi Defence and Technology Limited’s share price plummeted by 19.99%, dropping to ₹291.60 from ₹388, reflecting a significant loss as of mid-day.

Gujarat Lease Financing Limited (GLFL)

Gujarat Lease Financing Limited saw a decline of 5.22%, with its share price falling to ₹4.18 from ₹4.60, indicating a downward movement in the stock.

Kesoram Industries Limited (KESORAMIND)

Kesoram Industries Limited’s stock dropped by 5.07%, declining to ₹7.11 from ₹7.49, reflecting negative market sentiment.

AGS Transact Technologies Limited (AGSTRA)

AGS Transact Technologies Limited experienced a 5.04% decrease in its share price, falling to ₹10.74 from ₹11.31, showing a mid-day decline.

Parsvnath Developers Limited (PARSVNATH)

Parsvnath Developers Limited’s share price fell by 5.02%, dropping to ₹20.98 from ₹22.09, indicating a slight loss in value.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

FIIs Turn Net Buyers of Indian Equities, Reversing the Previous Trend

The stock market recorded a huge leap on March 18. This happened because foreign institutional investors (FIIs) covered their short positions and began buying stocks. This reversal followed a month of consistent selling by foreign investors, leading to notable growth in key indices that reached their highest levels in more than a month.

Foreign Investor Action

As per industry data, 101 stocks had short covering by foreign investors. Shares of Reliance Industries reported the highest activity. Foreign investors enhanced their shareholding in Reliance. This was the highest among all stocks trading in India’s futures and options market.

Expert Opinion

Industry experts believe that the Indian stock market is gradually approaching the end of a correction period. As investors move some positions for the next trading cycle, the market is expected to become more positive. However, they have also cautioned investors against becoming overly optimistic by relying on just a single day’s data.

Market Resilience

Even with foreign investors selling, The Indian stock market has been performing well in March. As per news reports, a 500-point jump in the Nifty can occur in the future, with profit-taking happening at around 23,500-24,100 points.

Buying and Selling

On March 18, foreign investors purchased shares worth ₹1,462.96 crore. They acquired shares worth ₹15,450.39 crore. Besides, they sold shares worth ₹13,987.43 crore.

Market Performance

On March 18, banking, metal, and auto stocks recorded a notable surge. This led to a buying frenzy among people. The Nifty and Sensex also reached a month high. This was their highest single-day rise in more than a month.

Index Movements

On Wednesday, the Nifty jumped 325 points, or 1.45 percent, to 22,834. The Sensex rose 1,131 points, or 1.53 percent, to 75,301. Both indices briefly crossed a key resistance level. This level is called the 21-day EMA.

As of 11.18 AM, the Nifty 50 was uo 0.27% at 22,895.95 points, while the BSE Sensex was up 0.21% at 75,460.29 points.

Conclusion

The market’s surge on Wednesday signals a potential movement in foreign investor’s sentiment. Short covering led to a significant rally and pushed the indices to new highs. News reports suggest continued market optimism, despite cautioning against over-interpretation of single-day data. While future trends are yet to unfold, today’s activity mirrors the strong resilience of the stock market, hinting at possible growth in the future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

DRI Discovers 88 Kg Gold Bars at a Residential Flat in Ahmedabad

On March 17, 2025, the Directorate of Revenue Intelligence (DRI) raided a residential apartment in Paldi, Ahmedabad. With inputs from the Gujarat Anti-Terrorism Squad (ATS), it uncovered 19.66 kg jewellery, 88 kg gold, and other smuggled artifacts.

What Did the Government Find?

During the operation, the officials also discovered a Patek Philippe watch studded with diamonds. It also discovered 10 additional luxury watches. Most of the precious stones-studded artifacts bore foreign markings, and were cleverly smuggled by the individuals from other countries.

The search operation unearthed 87.94 kgs of gold bars. Estimates suggest that their current market value is roughly ₹80 crore. The officials also discovered 19.66 kg worth of Franck Muller jewellery and watches. They also found ₹1.37 crores of cash and a Jacob & Co timepiece.

Gold Smuggling in India 

In Smuggling in India Report 2021-22, the DRI was found to have confiscated 833 kg of smuggled gold. This was approximately worth ₹500 crore. The agency had witnessed 16,555 cases of gold smuggling during August 2015-2020. In this period, people had smuggled over 11 tons of gold.

As per news reports, Maharashtra, Tamil Nadu, and Kerala have smuggled the highest amount of gold in the past 10 years.

Gold Imports of India

India’s gold imports surged by 40.79% and reached US$2.68 billion in January 2025. This was attributed to rising demand for gold for safekeeping and investing. Reduction in customs duties and rising gold demand from banks were other reasons behind the growth.

In January 2024, the government had imported US$1.9 billion.

During April 2024 to January 2025, gold imports surged by 32% to reach US$50 billion from US$ 37.85 billion last year. News reports suggest that gold prices have surged by 11% this year. In Delhi, 10 grams of gold is available for ₹88,200.

Gold accounts for over 5% of India’s overall imports. The main nations exporting gold to India are:

  • Switzerland (40%)
  • The UAE (over 16%)
  • South Africa (around 10%).

After China, India is the second-biggest gold consumer globally.

Conclusion

The discovery of illegally-held gold items underlines the government’s efforts to curb black money generation in the country. Currently, authorities are investigating the smugglers, and are yet to capture them. However, rising alertness among agencies regarding gold smuggling is expected to have a favourable impact on wealth distribution and economic equality.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).

What Is the Age Limit for Applying Under the CM-YUVA Yojana?

An individual must be aged between 18-50 years to apply for a loan under the CM-YUVA Yojana. Rising enthusiasm among people for starting a business venture has added to the hype around the scheme.

Additional Eligibility Criteria Under CM-YUVA Yojana

  • Individuals must have passed 10+2, Polytechnic Diploma, Intermediate, ITI, or equivalent.
  • He must be Bihar’s permanent resident.
  • He should be planning to start a partnership/proprietorship firm.
  •  He must be a member of the General Category/ Backward Class only.

Benefits under the CM-YUVA Yojana

  • The government will provide mandatory training sessions to enhance entrepreneurial skills among people.
  • The government will also provide ₹5,00,000 as a non-repayable grant for individuals to establish their businesses. The remaining amount of ₹5,00,000 will be offered as an interest-free loan.

Application Process Under the Scheme

Step 1: After completing registration,use your Aadhaar number and password to log into the portal.

Step 2: Fill the application form with 100% accurate details.

Step 3: Upload all the necessary documents as requested in the instructions section.

Step 4: Review the application to check for any errors and correct them.

Step 5: Submit the form by clicking the “Submit” button.

Step 6: Remember to download and print your acknowledgment receipt for future correspondence.

What is CM-YUVA Yojana? 

The CM-YUVA Yojana is part of an umbrella scheme “Mukhyamantri Udyami Yojana”, launched by the state government of Bihar. The scheme’s main objective is to encourage self-employment and entrepreneurship among all across all categories.

Under this, the government will provide up to ₹10,00,000/ for male applicants who want to establish a new business. The aid is meant to boost economic growth and support individual empowerment in Bihar.

Conclusion

The CM-YUVA Yojana aims to offer financial support for aspiring entrepreneurs in Bihar. This initiative is aimed at encouragig self-employment and boosting the state’s economic growth by empowering individuals. By establishing a simple application process, it ensures that eligible individuals can build and succeed in their businesses.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Found an Old TCS Share Certificate? Here’s What To Do Next!

Finding your parent/grandparent’s share certificates in an old locker can be a wish come true. If you have an old TCS share certificate, understanding its true value might be your next step. An old share certificate promises substantial cash rewards, provided you know how to claim it.

Here’s a step-by-step process you could follow if you get lucky:

Know the True Value of Your Shares

Tata Consultancy Services has undergone numerous corporate actions since its formation in 1995:

  • June 2009: The company again underwent a 2:1 stock split.
  • May 2018: To make shares more affordable for the masses, the company announced a stock split of 2:1.

If your family originally owned a certificate representing 10 shares of ₹10 each, you would now own roughly 40 shares. Given that as of 18 March 2025, TCS share price stands at ₹3,532.5, the present market value of these shares would be enough to buy a new vehicle. Or invest in a new home.

But…. Have Your Shares Been Transferred to IEPF?

The Investor Education and Protection Fund (IEPF) aims to safeguard investors’ interests and enhance their market awareness. According to regulations, any physical/digital share certificates that remain inactive for over 7 years with zero dividend claims can potentially be transferred to the IEPF. To check whether this has happened to your shares, follow these steps:

  1. Check with TCS: Visit the company’s official website or contact their Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited.
  2. Share details: Provide the certificate number, shareholder’s name, and other relevant details to confirm your ownership status.

Steps to Claim Your Shares

If TCS still holds your shares, you need to open a Demat account with a depository participant registered with the SEBI. In case they were transferred to IEPF, you can follow these steps:

Step 1: Collect Required Documents

  • PAN card and Aadhaar card
  • Original share certificate
  • Bank details (cancelled cheque)
  • Address proof
  • Demat account details (if available)

If claiming as a nominee or a legal heir, additional details including a succession certificate might be necessary.

Step 2: File Form IEPF-5

Log into the Ministry of Corporate Affairs (MCA) portal and digitally submit Form IEPF-5 after attaching all the documents. Remember to take the form printout of the form and attach all copies of the necessary paperwork.

Step 3: Submit Documents to TCS 

Send the printed Form IEPF-5 along with supporting documents to TCS IEPF Nodal Officer or Link Intime India Private Limited for verification.

Step 4: Await the Approval Process

TCS will conduct claim verification to authenticate your request and forward it to IEPF authorities. Upon approval, shares will get transferred to your Demat account. They might also be reissued in physical format, depending on the request.

Critical Considerations

  • The processing time may vary, often taking a few weeks to months, depending on the documentation and verification pro
  • process.
  • If documents are missing or the case is complex, seeking help from a professional service specialising in share recovery may simplify the process.

Need Help? Contact the Right Authorities

For help, you can contact TCS’s RTA, MUFG Intime India Private Limited via Phone at +91 810 811 8484

Conclusion

If you have old TCS share certificates, you should check its current status. A small investment could have grown into an extremely valuable asset, given the company’s performance. Follow the above mentioned steps to reclaim your investment and reinstate its rightful ownership. Perhaps, this could unlock significant financial value for you!

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Beware of a Fake Loan Approval Letter of ₹5 Lakh under PM Mudra Yojana on Payment of ₹2,100

Fraudsters are targeting the poor looking to apply for loans under the PM Mudra Yojana. A fake approval letter offering ₹5,00,000 on payment of ₹2,100 is trending among applicants. However, people must exercise caution before transferring money to anyone. The government never asks for payment to grant loans under the scheme.

Myths Around PM Mudra

People believe that Mudra is responsible for lending directly to micro-enterprises. However, it is merely a refinancing agency. It is solely responsible for supporting commercial banks, small finance banks, regional rural banks, NBFCs, and micro-finance institutions that grant loans to micro-enterprises.

What is PM Mudra?

The PM MUDRA Yojana (PMMY) was launched in April 2015 to increase credit accessibility to micro-enterprises involved in non-corporate and non-farm activities. Under the scheme, these small firms can obtain loans of up to ₹20,00,000. The scheme provides loans to four different categories of micro-enterprises:

Shishu Early-stage businesses can receive up to ₹50,000
Kishore Established firms can get up to ₹5,00,000 for business expansion.
Tarun Mature businesses requiring huge funds for expansion can receive up to ₹10,00,000
TarunPlus Large and well-established firms can receive more funds, depending on their requirements

Target Borrowers of PM MUDRA Scheme

People working under the Non–Corporate Small Business Segment (NCSB) are eligible to apply. This comprises of numerous proprietorship / partnership firms operating as service sector units, small manufacturing units, fruits/vegetable vendors, shopkeepers, truck operators, machine operators, repair shops, small industries, artisans, and food processors, among others.

Broadly speaking, any Indian citizen who plans to set up a non-farm business to earn a profit can obtain loans under PMMY. This includes vulnerable sections of the population also, such as women and handicapped individuals.

List of Documents Required for PM MUDRA Application

This will depend on the institution granting the loan. The terms and conditions of the loan agreement are governed by two bodies. This includes the institution providing the loan and the Reserve Bank of India’s guidelines.

Conclusion

While PM Mudra Yojana provides crucial financial support to micro-enterprises, people must exercise caution to avoid losing money. Always verify loan application processes through legitimate channels and never pay any upfront fees to an unknown individual. Exercise vigilance and access credit through safe channels only.

Read on about how to identify gold scams. https://www.angelone.in/blog/is-your-gold-real-or-fake-learn-to-identify-gold-scams

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.