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.
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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/)
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.
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.
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:
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.