Atmanirbhar Bharat Abhiyan
Mudra loan is extended for a variety of purposes which provides income generation and employment creation in Manufacturing, Services, Retail and Agri. Allied Activities.
Check Loan StatusWelcome To Mudra Loan
Get Mudra Loan In-principle Approval in 59 Minutes. From anywhere, anytime without vising Bank Branch
A MUDRA Loan is being provided under the MUDRA Yojana to the non-corporate and non-farming small and micro enterprises/ businesses. Loans upto INR 10 Lacs can be availed under the MUDRA scheme. Micro Units Development and Refinance Agency Limited (MUDRA) is an NBFC supporting the development of small business owners in India.
The MUDRA loans are to be provided for income generating small business activities across manufacturing, processing, services or trading sectors and would cover all Individuals/ Proprietary Concerns/ Partnership Firms/ Private Limited Companies/ Entities of any other legal forms running as shopkeepers, artisans, self-help groups, manufacturing units, hawkers, professionals, service providers, etc.
The MUDRA Yojana can be extended under 3 categories as mentioned below:
Shishu : Offers loans upto INR 50,000.
Kishore : Offers loans above INR 50,000 and upto INR 5 Lacs.
Tarun : Offers loans above INR 5 Lacs and upto INR 10 Lacs.
Mudra loan can be availed by the following entities:
Apply For Mudra LoanIn a few steps of Online Application Process and a business can have Mudra loan In-principle approval from Preferred Bank.
GST Identification Number
Bank statement for last six months in pdf format
Director/Owners details: basic, personal, educational & ownership details
Inprinciple approval in 59 minutes
The Mudra Loan scheme offers 3 products to eligible entities, namely Shishu, Kishore, and Tarun. The details of these three products are explained here.
Shishu loans under the Mudra scheme allow entrepreneurs on the threshold of starting a business to borrow up to Rs. 50,000. The following details need to be furnished to avail this loan.
Kishore loans range from Rs. 50,001 to Rs. 5,00,000. They're ideal for businesspersons who require additional funds for expanding their trade. Here's a checklist of details and documents needed.
Tarun loans under the Mudra Loan scheme range from Rs. 5,00,001 to Rs 10,00,000. Business owners who wish to avail a Tarun loan need to furnish these documents, in addition to the details required for applying to Kishore loans.
With the Mudra Loan scheme, you can borrow up to Rs. 10 lakhs. If your business is in need of more capital or funds, or if you don't qualify to borrow under the Mudra Loan scheme, you could always avail a business loan on Finserv MARKETS. On Finserv MARKETS, you can apply for loans as high as Rs. 30 lakhs without the need to provide any collateral. The process from application to disbursal is also quick and easy, since there's minimal documentation involved.
Here are the key features and benefits of MUDRA loan: