aditiahuja

  1. What would happen if you don't repay the Mudra loan or the CGTMSE?

    If you fail to pay the loan withdrawn under the MUDRA or CGTMSE scheme within the stipulated time (7 years in case of a MUDRA loan), the financial institution will take steps according to their framed repayment policy. The authorities explain their terms and conditions to a borrower before disbursing a loan.

    If you do not pay a loan before the deadline, the authorities first send you a notice directing you to repay it as soon as possible.

    In case you still do not initiate ...