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

Mudra Loan Eligibility - Check Eligibility for Pradhan Mantri Mudra Loan Yojana

Mudra Loan Eligibility

Mudra Loan Eligibility has been described as follows covering Who can avail Mudra Loan? or Who can get Mudra Loan?

  1. Applicant must be Indian Citizen, above 18 years old.
  2. All non-farm enterprises under Micro Enterprises and Small Enterprises segment
  3. Now allied agriculture activities have also been included under PMMY scheme w.e.f. 01.04.2016
  4. The applicant should be engaged in income generating activities
  5. The applicant should be engaged in manufacturing, trading and services
  6. The applicant should have credit needs up to Rs.10.00 lakhs
  7. The borrowers must be any of the following list:
    • Any individual including women
    • Proprietorship
    • Partnership firms
    • Company
    • Association of persons (AOP)
    • Limited Liability Partnership (LLP)

What can Mudra Loan be availed for?

The question may arise in one's mind as to What can Mudra Loan be availed for? The borrowers can avail the Mudra Loan for any of the following purposes:

  • Business Instalment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.
  • Vehicle Loan (VL): Commercial vehicle loan, Car loan and Two-wheeler loan
  • Transport Vehicle Loan: Auto-rickshaws, 3 wheelers, e-rickshaw, passenger cars, taxis etc.)
  • Service Activities Loan: Ggymnasium, saloons, beauty parlours, tailoring shops, boutiques, dry cleaners, etc.
  • Business Loans Group Loans (BLG) : Drop line overdraft, Overdraft facility or Working capital loans.
  • Rural Business Credit (RBC): Drop line overdraft, Overdraft facility or Working capital loans

Who can avail Mudra Loan?

Following Segments can avail/ get Mudra Loan:

  • Small Manufacturing Units
  • Service Sector Units
  • Shopkeepers
  • Fruits and Vegetable Vendors
  • Food Processors
  • Truck Operators
  • Food service units (papad making, achaar making, etc.)
  • Repair Shops
  • Handloom
  • Machine Operators
  • Renovating the business unit
  • Other industries in rural and urban areas

Upcoming Bank Holidays

2018 July 20 is a bank holiday in Nagaland due to Kharchi Puja.
2018 August 04 is a bank holiday in Nagaland due to Ker Puja.
2018 August 13 is a bank holiday in Manipur due to Patriots' Day.
2018 August 15 is a bank holiday in Andaman And Nicobar Island due to Independence Day.
2018 August 17 is a bank holiday in Daman And Diu due to Parsi New Year (Shahenshahi).
2018 August 22 is a bank holiday in Andaman And Nicobar Island due to Bakri Id (Id-ul-Zuha)/Karma Puja.

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