SBI E-Mudra Loan Apply 2024 Review, Interest Rate, Benefits, Eligibility

SBI E-Mudra Loan Apply 2024 Review, Interest Rate, Benefits, Eligibility: Let us know what is Mudra loan and apply Mudra loan online , what documents are required to take Mudra loan, how to take Mudra loan sitting at home, all these information are going to tell you in detail.

Small businessmen and entrepreneurs needed loans to increase business, to buy machinery, to start employment, etc. For other works, under the Pradhan Mantri Mudra Yojana, non-agricultural and non-corporate people would get ₹ 50000. Loan is being provided from Rs.10 lakh up to

What is SBI E Mudra Loan

Mudra loan is a loan through which small traders, small shopkeepers, non-agricultural and non-corporate organizations can take the government to increase their work like buy machinery, start their employment, etc.

This scheme was launched by Prime Minister Narendra Modi on 8th April 2015, under which you can take loan from ₹ 50000 to ₹ 1000000.

It is also known as Pradhan Mantri Mudra Yojana (PMMY). You can take this loan for employment through Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.

This scheme has been issued under the Micro Units Development & Refinace Agency Ltd Scheme. So far, the sanctioned amount of ₹ 41516.20Crore has been given by the government, and ₹37601.37Crore has been distributed.

SBI E-Mudra Loan Document Required

The list of documents you need to provide for availing Mudra loan are:

1. Two photos

2. Proof of Identity: Identity Card, Aadhar Card, Passport

3. Residence proof : Driving license, PAN card, Aadhar card.

4. Certificate of Reserved Category : SC, ST, OBC Certificate

5. Income Sales Tax Return (ITR) Certificate

6. Proof of Identity and Address of Business : License, Registration Certificate or any other document related to your business has been done as a result of the fact that you are the owner of the business.

7. Quotation : Cost of supply of machinery or similar,  Name of the supplier

8 . Invoice : Description of machinery or similar

9 . Signature : If the business or property is in the name of two persons, then both the signatures will be taken on the property document.

Note: Bank employee can ask for any documents according to his need, so first of all you should have all the documents.

Who is Eligible for Mudra Loan

Following are the eligibility of Mudra loan.

1. The applicant should have the latest 6 months statement of the bank present.

2 . Applicant’s age should be more than 21 years and less than 60 years.

3. Must have balance sheet of last 2 years.

4. Must have Income Sales Tax Return (ITR).

5. If you do a job then you should have more than 2 years of job experience

6. If you do business then your business should be more than 3 years old

7. If the business or property is in the name of two persons, then both the signatures will be taken on the property document.

8. Must have a detailed balance sheet of 1 year or more.

9. Sales made in the current financial year and before filing the loan application should also be reported

There should also be a detailed project balance sheet for the borrowers and the business, such as how you will start your business and make profits in it.

Note: If you have all the information mentioned above then you can take this loan very easily otherwise you will not get these people, it only depends on your employment that how much loan will be provided to you.

What is Mudra Loan Schemes

Three schemes have been launched under Mudra Loan which are as follows:

Shishu Mudra Loan Schemes

Under Mudra loan scheme, Shishu provides up to ₹50,000 to entrepreneurs who are either in their initial stage of business or want to start. Under this scheme, the applicant can buy machinery, quotation and other items to be purchased.

If you want to do some work such as opening a shop, buying a handcart or want to do any other type of work that you want to start, then you can take this loan.

Note: Details of machinery to be purchased by the applicant for this. Borrower will also have to provide machinery supplier details

Essentials of Shishu Mudra Yojana:

Loan Amount	₹50,000
Processing fee	Nill
Eligibility Criteria	New And Existing Units
Repayment Period	3-5 years
Intersert Rate	Nill

Kishore Mudra Loan Schemes

Kishor provides up to ₹5 lakh under Mudra loan scheme to business persons who are looking for additional funds to expand their operations.

Under this scheme, the applicant can buy machinery, quotation and other items to be purchased. If you want to do some work such as opening a shop, buying a handcart or want to do any other type of work that you want to start, then you can take this loan.

Note: For this applicant should have balance sheet of last 2 years financial of borrowers and business should also have a project balance sheet like how you will start your work and make profit in it.

Essentials of Kishore Mudra Yojana:

Loan Amount	₹ 5 lakh
Processing fee	Nill
Eligibility Criteria	New And Existing Units
Repayment Period	3-5 years
Intersert Rate	Nill

Tarun Mudra Loan Schemes

Under the Mudra loan scheme, Tarun sanctions up to Rs 10 lakh if ​​the business owner fulfills certain eligibility criteria.

And they can take advantage of this scheme to grow their business to meet their business needs.

Note: For this the applicant must have SC, ST, OBC caste certificate

address proof

identity certificate

Essentials of Kishore Mudra Yojana:

Loan Amount	₹ 10 lakh
Processing Fee	0.5%
Eligibility Criteria	New And Existing Units
Repayment Period	3-5 years
Interest Rate	0.5%

How much loan will you get from Mudra Loan Min to Max 

Under the Pradhan Mantri Mudra Yojana, non-agricultural and non-corporate people can get loans from 50 thousand to 10 lakh rupees, depending on your employment, how much loan will be given to you.

E Mudra Loan Sbi 50000 Interest Rate

The interest rates of Mudra loan depends on three schemes such as:

Shishu : Under this scheme you do not have to pay interest rate.

Kishore : Under this scheme you do not have to pay any interest.

Tarun : Under this scheme you have to pay 0.5% interest.

Who can apply for Mudra Loan

Small traders, small shopkeepers, non-agricultural and non-corporate organizations etc. can take Mudra loan to start their work like:

Transport Vechile

You can buy transport vehicles to transport goods and passengers such as: auto rickshaws, small goods transport vehicles, three wheelers, e rickshaws, taxis, etc.

• One can also buy tractor trolley, power tiller used for commercial purposes.
• One can also buy two wheelers used for commercial purpose.
• If you want to buy tools for your transport vehicle then you are eligible for assistance under PMMY.

Community, Social & Personal Service Activities

Salons, beauty parlors, gyms, boutiques, sewing shops, dry cleaning and motorcycle repair shops, DTP and photocopy facilities, medical shops, courier agents etc. can avail this service under this scheme.

Food Product Sector

Under this scheme such as papad making, pickle making, jam jellies, agricultural produce preservation at village level, sweet shops, small service meals and day to day canteen services, cold chain vchiles, cold storage ice making units, biscuit, bread and Making etc.

Textile Products Sector Activity

Under this scheme handloom powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work, traditional dyeing and printing, garment design, weaving, cotton ginning, computerized embroidery, sewing and other textile non garment products like Bags, Vechille, Accessories, Furnishing Accessories etc.

Business Loans For Traders and Shopkeepers

Financial assistance under this scheme for lending to individuals for running their own shops, business and business activities, service enterprises and non-farm income generating activities with beneficiary loans up to ₹10 lakh per enterprise borrower.

Equipment Finance Scheme For Miro Units

Under this scheme, beneficiaries can avail Mudra loan up to ₹ 10 lakh along with loan for setting up of micro enterprises, purchase of necessary machinery equipment.

Activities Allied Agricultue

Under this scheme activities related to agriculture, beekeeping, crop loans, land reforms such as canals, immigration and wells, and supporting services that promote livelihood or generate income, Prime Minister Mudra in 2016-17 Coverage under the scheme (PMMY) can avail Mudra loan.

In how many days Mudra loan has to be deposited

If we talk about depositing Mudra loan, then you can deposit this loan from 3 years to 5 years or depending on your loan, how much loan you have got under which scheme.

Where is Mudra loan used?

Mudra loan can be used as follows

• You can start your employment
• Can increase your employability
• Can buy machinery
• Can do commercial work
• Can do business functions

Who gives Instant Mudra Loan

You can take instant mudra loan from your nearest bank, whose criteria and eligibility you can find out by visiting the bank. You can apply from the official website of Mudra.

The names of some banks are given as follows

• SBI Bank
• ICICI Bank
• Kotak Mahindra Bank
• HDFC Bank
• Union Bank of India
• PNB Bank
• Uco Bank

How to Apply E-Mudra Loan 

To get Mudra loan sitting at home, you can apply through the official website (https://www.mudra.org.in/).

Let us know what you need to do for this:

• Open the official website of Mudra. ( https://udyamimitra.in/ )

• Here you can apply in three schemes, you have to decide under which scheme you can get the loan (Shishu, Kishore, Tarun)
• Now you have to click on Mudra Loans option

• Click on Apply here for Registration Option in front of you.

• With the help of N ext, Name, Email, Mobile number, you have to create your account.
• On submitting the OTP, your registration becomes successful .

• Now you have to submit the basic details with the help of Aadhar card and PAN card, you have to submit the documents which will be asked from you.

• Now you have to submit your professional details like education, work experience and where you work now.
• Now you have to click on Get Started option .

• Now you have to click on Enroll Now option and submit your company details.

• Now you have to submit your loan amount.

• After this, now you have to submit your business details like business information, other information, attach documents, declarations etc. to submit other details.

• Now you will get the application number on your mobile number and email address and here you also get to see the option of Thanks for applying.

• After the loan is approved, a representative from the bank will visit your home, do your online e-KYC. You have to submit the documents which will be asked from you.

Note: If you do not have a bank representative, then you have to visit your nearest bank and know about Mudra loan information.

What do I have to do to get a loan of 50000?

To take a loan of 50,000, you can take advantage of the e mudra loan scheme run by the central government. At present, you can visit your nearest State Bank of India branch to get this loan.

And

There you can apply for Mudra loan. To get a Mudra loan of ₹ 50000, you should have other documents like Aadhar Card, PAN Card, Project Report, Bank Statement, Account Number etc.

After verifying all these documents, the bank transfers the loan amount to your account. This loan can be taken from ₹ 50000 to ₹ 10 lakh according to the need of the applicant.

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My Last Word: 

Mudra loan is a loan given by the government, under which you can take from ₹ 50 thousand to ₹ 10 lakh, to take this loan, you must have all the documents and also meet the document eligibility criteria demanded by the bank officer. have to do.

I hope that today’s post has proved to be helpful for you, in which I have told you all the information related to MUDRA LOAN . You can follow us on social media platform for new updates. Also, if you have any kind of question, then comment below in the comment box.

Some FAQ’s on e Mudra Loan