About Pradhan Mantri Mudra Loan

What is Mudra Loan Scheme
Mudra Loan Interest Rates in India
Mudra Loan Eligibility
How to Apply for Mudra Loan
Mudra Loan Document Required
Mudra Loan for Women
Mudra Loan for SC ST and OBC

FAQs

Mudra Loan FAQs

Mudra Loan for Banks

How to Apply for Pradhan Mantri Mudra Loan?

How to get Pradhan Mantri Mudra Loan

There is no standard way to apply for Mudra Loan from any bank. You need to visit the banks providing Mudra Loan along with a detailed description of your business. You will get a Mudra Loan Application Form from that bank. If the bank where you have your current account, also extend Mudra Loan then it will help your application will be processed swiftly and easily.

Here we have described in detail as to how to apply for mudra loan?, mudra bank loan procedure, mudra bank loan apply online, mudra bank loan apply online sbi, mudra bank loan apply online pnb

Any Indian Citizen who has a business plan for income generating micro/small business activity in manufacturing, processing, trading or service sector, and whose credit need is less than Rs. 10 lakh can approach a Bank/ MFI for availing of MUDRA loans under PMMY, or can apply online through website of standup India (https://www.standupmitra.in/)

Step by Step Process to Apply for Mudra Loan offline

One can apply for loan from mudra bank by visiting the lender personally. Here is Step by Step Process to Apply for Mudra Loan offline.

  1. Prepare a business proposal having a detailed description of your business
  2. Select your business category (Shishu, Kishore, Tarun)
  3. Visit/ contact a bank which provides Loan under the Mudra Scheme. Prefer a bank where you have your current account.
  4. Ask for a Mudra Loan Application Form. Shishu loan form has 1-page form with a shorter document list while Kishore and Tarun loan forms have a common 3-page form with a longer requirement list.
  5. Submit filled up Loan Application form along with following documents:
    • Recent passport size photographs
    • Proof of identity
    • Proof of address
    • Any other document, as required by the bank

Further, if you have a good credit score or good credit history then you are also eligible for getting a collateral free loan under Mudra Loan Scheme.

Step by Step Process to Apply for Mudra Loan Online

You can apply for Mudra Loan either offline i.e. by visiting the bank/ lender or apply for mudra loan online through web portal mudramitra.in.

You need to follow below mentioned steps, in case you want to apply for Mudra Loan online. Find below Step by Step Process to Apply for Mudra Loan online:

  1. Visit website mudramitra.in
  2. Register on the website: Click on link "New User". For registration purpose, you need to enter all the details about yourself such as:
    • Name
    • Address
    • Sex
    • Caste
    • Address
    • Mobile Number
    • E-mail id
    • ID/ address proofs and ID/ address proof numbers
  3. Then you need to choose a username for your account.
  4. After that, you will receive an e-mail containing a password for your user account.
  5. Now login into to the portal with your username and password
  6. Fill up the loan application form.
  7. First of all, enter your Business Information
  8. Then enter the information about yourself /and other partners/ other directors
  9. Then fill up the details about your current banking facilities like type of facilities allowed, Limit availed, bank that the business is associated with, etc.
  10. Enter business registration details such as Date of commencement of business, registration number, registered office address, etc.
  11. Enter business performance details like Sales, profit, capital, etc.
  12. Upload documents required
  13. Select the lender
  14. Check the box of declaration
  15. Once again check your application form thoroughly, whether everything is complete
  16. Submit your application by clicking on Submit button

Your application will be forwarded to the bank and the bank will act on your application. It is not necessary that you will get Mudra Loan, the bank has the right to decide whether to process your loan application and lend to you.

Important Point: In case you are finding it difficult or getting confused to fill up the online form, then you can take a support by selecting an option for support. The web portal will provide you virtual handholding support to fill up your application form in an easy way.

Upcoming Bank Holidays

2018 November 20 is a bank holiday in Kerala due to Milad-i-Sherif (Birthday Of Prophet Muhammed).
2018 November 21 is a bank holiday in Andhra Pradesh due to Eid Milad-un-Nabi\Eid-e- Milad (Prophet Mohhammad's Birthday)/Barawafat.
2018 November 23 is a bank holiday in Andaman And Nicobar Island due to Guru Nanak Jayanti/Kartika Purnima/Seng Kut Snem/Friday Following Eid-I-Milad-ul-Nabi.
2018 November 26 is a bank holiday in Karnataka due to Kanakadasa Jayanthi.
2018 December 03 is a bank holiday in Goa due to Feast Of St.Francis Xavier.
2018 December 05 is a bank holiday in Jammu And Kashmir due to Birthday Of Sheikh Mohammad Abdullah.

Banks Loan Service

Credit Card By Banks

Credit Card Category

ALL INDIA BANKS LIST
A B BANK LIMITED ABN-AMRO Bank N.V ABU DHABI COMMERCIAL BANK AIRTEL PAYMENTS BANK LIMITED
ALLAHABAD BANK American Express Banking Corp ANDHRA BANK Antwerp Diamond Bank NV
AU SMALL FINANCE BANK LIMITED AXIS BANK B N P PARIBAS BANDHAN BANK LIMITED
BANK OF AMERICA BANK OF BAHARAIN AND KUWAIT BSC BANK OF BARODA BANK OF CEYLON
BANK OF INDIA BANK OF MAHARASHTRA BANK OF TOKYO MITSUBISHI LIMITED BARCLAYS BANK
BHARATIYA MAHILA BANK LIMITED Calyon Bank CANARA BANK CAPITAL SMALL FINANCE BANK LIMITED
CATHOLIC SYRIAN BANK LIMITED CENTRAL BANK OF INDIA CHINATRUST COMMERCIAL BANK LIMITED CITI BANK
CITY UNION BANK LIMITED CORPORATION BANK DBS Bank Ltd DCB BANK LIMITED
DENA BANK DEUSTCHE BANK DHANALAKSHMI BANK EQUITAS SMALL FINANCE BANK LIMITED
ESAF SMALL FINANCE BANK LIMITED EXPORT IMPORT BANK OF INDIA FEDERAL BANK FINCARE SMALL FINANCE BANK LTD
HDFC BANK HSBC BANK HSBC BANK OMAN SAOG ICICI BANK LIMITED
IDBI BANK IDFC BANK LIMITED INDIAN BANK INDIAN OVERSEAS BANK
INDUSIND BANK JAMMU AND KASHMIR BANK LIMITED JP MORGAN BANK JSC VTB BANK
KARNATAKA BANK LIMITED KARUR VYSYA BANK KOTAK MAHINDRA BANK LIMITED Krung Thai Bank Public Co. Ltd
LAXMI VILAS BANK MASHREQBANK PSC MIZUHO CORPORATE BANK LIMITED NORTH EAST SMALL FINANCE BANK LIMITED
OMAN INTERNATIONAL BANK SAOG ORIENTAL BANK OF COMMERCE PUNJAB AND SIND BANK PUNJAB NATIONAL BANK
RBL Bank Limited SBM BANK MAURITIUS LIMITED SHINHAN BANK SOCIETE GENERALE
SONALI BANK LTD SOUTH INDIAN BANK STANDARD CHARTERED BANK STATE BANK OF BIKANER AND JAIPUR
STATE BANK OF HYDERABAD STATE BANK OF INDIA STATE BANK OF MYSORE STATE BANK OF PATIALA
STATE BANK OF TRAVANCORE SURYODAY SMALL FINANCE BANK SYNDICATE BANK TAMILNAD MERCANTILE BANK LIMITED
THE BANK OF NOVA SCOTIA THE NAINITAL BANK LIMITED UBS AG UCO Bank
Ujjivan Small Finance Bank Limited UNION BANK OF INDIA UNITED BANK OF INDIA UNITED OVERSEAS BANK LIMITED
UTKARSH SMALL FINANCE BANK VIJAYA BANK Woori Bank YES BANK
ZILA SAHAKARI BANK LTD