Mudra loan is extended for a variety of purposes which provides income generation and employment creation in Manufacturing, Services, Retail and Agri. Allied Activities.
Apply For Mudra Loan →Welcome to Mudra Loan Yojna
Covering Loans Upto 50,000/-
Covering Loans Above 50,000/- and Upto 5 Lakh
Covering Loans Above 5 Lakh And Upto 10 Lakh
Covering Loans Above 10 Lakh And Upto 20 Lakh
Get Mudra Loan In-principle Approval in 59 Minutes. From anywhere, anytime without visiting Bank Branch
A MUDRA Loan Yojna is being provided under the MUDRA Yojna 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 Loan Yojna 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/ Government Limited Companies/ Entities of any other legal forms running as shopkeepers, artisans, self-help groups, manufacturing units, hawkers, professionals, service providers, etc.
The MUDRA Yojna can be extended under 3 categories as mentioned below:
Offers loans upto INR 50,000.
Offers loans above INR 50,000 and upto INR 5 Lacs.
Offers loans above INR 10 Lacs and upto INR 20 Lacs.
Mudra loan can be availed by the following entities:
The Mudra Loan Yojna scheme offers 3 products to eligible entities, namely Shishu, Kishore, and Tarun.
Shishu loans under the Mudra Yojna scheme allow entrepreneurs on the threshold of starting a business to borrow up to Rs. 50,000. The following details need to be furnished:
Kishore loans range from Rs. 50,000 to Rs. 5,00,000. They're ideal for businesspersons who require additional funds for expanding their trade.
Tarun loans under the Mudra Loan scheme range from Rs. 5,00,001 to Rs 20,00,000. Business owners need to furnish these documents, in addition to the Kishore requirements:
With the Mudra Loan scheme, you can borrow up to Rs. 20 lakhs to 1 Crore. If your business needs more capital, you could avail a business loan on Finserv MARKETS with loans up to Rs. 20 lakhs to 1 Crore without collateral.
In 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
In-principle approval in 59 minutes
| Type of Loan | Documentation |
|---|---|
| Vehicle Loans |
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| Business Instalment Loan |
|
| Business Loans Group & Rural Business Credit |
|
The Mudra Loan scheme offers 3 products to eligible entities, namely Shishu, Kishore, and Tarun.
Medical shops, boutiques, saloons, gymnasiums, dry cleaning, beauty parlours, motorcycle repair shops, tailoring shops, courier services, photocopying and DTP facilities, etc.
Financing for buying transport vehicles for goods as well as personal transport like auto rickshaws, three-wheelers, passenger cars, e-rickshaws, taxis, etc.
Achaar making, papad making, jelly or jam making, day-to-day catering, small service food stalls, cold storages, ice cream making units, cold chain vehicles, bun and bread making, etc.
Financing for running shops, service enterprises, business and trading activities, and non-farm activities that generate income.
Powerloom, handloom, chikan/zardozi work, khadi activity, traditional printing and dyeing, knitting, computerised embroidery, apparel design, etc.
Bee keeping, pisciculture, livestock, sorting, agriclinics, fishery, etc.
MUDRA loans are extended for the setting up of micro enterprises by buying the necessary equipment/machinery.
MUDRA offers four types of funding support:
Here are the key features and benefits of MUDRA loan:
Banking and financial services in both rural and urban areas.
Financial backing for micro-small businesses and start-ups.
Business loans for small amounts at affordable interest rates.
Credit guarantee taken by government — loss borne by government if borrower can't repay.
Food vendors, shopkeepers and small business owners can benefit.
Financial aid in areas with no access to basic banking facilities.
Repayment period extends up to seven years.
Women borrowers get discounted interest rates.
Refinance schemes available with designated lenders.
Part of "Make In India" campaign for innovation and skill development.
No collateral or security needed.
Funds can only be used for business purposes.
The completion of a loan application on our website does not guarantee loan approval. The lenders assess your application to determine loan eligibility and the amount that you are eligible for. While we strive to process loan applications within 24 hours, funds might take longer to get transferred in some instances. All information provided on this site must be taken as opinion, and users should perform due diligence and research before making financial decisions.
Rate of Interest
5%
per annum
Processing Fees
3.93%
of loan amount (incl. taxes)
If you still have some query feel free to contact us.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon'ble Prime Minister on April 8, 2015 for providing loans up to ₹10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur.
We are here to help. Feel free to reach out to us.
SWAVALAMBAN BHAVAN, C-11, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI- 400051