Shishu, Kishore and Tarun explained, and the three reasons applications get rejected.
PMMY has three tiers: Shishu up to ₹50,000, Kishore up to ₹5 lakh, Tarun up to ₹10 lakh. No collateral. Any non-farm micro-enterprise qualifies.
Rejections almost always come down to three things: bank statements that do not show business activity, no Udyam registration, or a CIBIL score dragged down by an old settled loan nobody bothered to close properly.
Fix those three before you apply. An Eldorado agent will check all three at the counter, for free, before you file anything.
Rejections almost always come down to three things: bank statements that do not show business activity, no Udyam registration, or a CIBIL score dragged down by an old settled loan nobody bothered to close properly.
Fix those three before you apply. An Eldorado agent will check all three at the counter, for free, before you file anything.
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