Can I Get A Loan Under Mudra Yojana For A Restaurant Startup

MUDRA loans are provided to people who are looking forward to starting activities in the food product sector like papad making, achaar making, jam/jelly making, agricultural produce preservation at rural levels. Eateries like sweet shops, small service food stalls, and day to day catering/canteen services can also be set up using funds provided by the MUDRA scheme. Apart from that you can also get funds for cold chain vehicles, cold storages, ice making units, ice cream making units etc.

MUDRA loans of upto Rs. 50,000 are provided under the Shishu category, for individuals who are looking forward to starting a business. If you are already an established restaurant you can apply for a higher loan category. The Kishore category provides loans from Rs. 50,000 to Rs. 5 lakhs and the Tarun category provides funds from Rs. 5 lakhs to Rs. 10 lakhs. You can talk to your lender about getting higher loan amounts for starting your restaurant and get the best interest rates from them.