In a move to provide liquidity to small traders and businessmen the process of applying for Mudra loan has started on Sunday in the Federation of Jharkhand Chamber of Commerce and Industries’ (FJCCI) main office in the State Capital.

Senior officials of State Bank of India (SBI) were also present on the occasion. Five persons applied for Mudra loan on the occasion. Also, many people came and inquired about the loan process.

On the occasion FJCCI's Banking Sub-Committee Chairman, Vinay Chhapadia said that those interested in taking loan can submit their application along with their project report and all necessary documents at the Chamber building. “The application form will be given from the Chamber building till Wednesday. Along with the application form, the applicant must necessarily have Aadhaar, PAN, photo, account statement, balance sheet, industry base, rent agreement or municipal receipt as additional documents, balance sheet of the last two years, educational qualification, machinery to be purchased. It is necessary to give its quotation,” he added.


On the occasion FJCCI President, Kishor Mantri said that this fair is being organized by the Chamber keeping in view the difficulties faced by the small businessmen in expanding their business as well as the loan requirements and easy availability of startups. “We are committed to provide easy access to credit to the people. In the first phase, the application form can be taken from the chamber till Wednesday. After scrutiny of the applications received till Wednesday, the process of giving loan to the applicants will be started. There is an appeal to the needy to take maximum advantage of this facility being provided by the Chamber,” he added.

Meanwhile, Choice Breaking company and stock market expert, Sumit Bagadia met the chamber officials. During this, he talked about the current ups and downs of the stock market and said that the coming day is of the stock market, people should invest in it.

Bagadia said that the best returns in all concerned are bound to come from the stock market and one can also get good returns in gold and silver. Chamber officials praised and congratulated Bagadia for his commendable efforts being made in the field of stock market. Apart from FJCCI President, Kishor Mantri, Vice President, Aditya Malhotra, Amit Sharma, General Secretary, Dr Abhishek Ramadhin along with members Shashank Bhardwaj, Shravan Rajgadhia, Vinay Chhapadia, Mahendra Jain, Jaswinder Singh, Anis Singh, Kishan Agarwal, Rajeev Chaudhary and other members were present on the occasion.