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Bank s Logo Name of the Bank: LOAN APPLICATION FORMPRADHAN MANTRI MUDRA YOJANA ( To be submitted along with documents as per the check list ) A. For office Use: EnterpriseName Application Sl. No.

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Pradhan Mantri Mudra Yojana is a Government of India scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans upto 10 lakh for non farm income generating activities. Generally, loans upto ` 10 lakh issued by banks under Micro Small Enterprises is given without collaterals.

Processing Charges: No processing fee is applicable on a Mudra loan for amounts up to ₹50,000. For amounts ranging between ₹50,001 and ₹10 Lakhs, an interest rate of 10% and a processing fee of 0.50% are applicable in addition to GST.

Once the application is approved, the disbursal is expected to take place within 2 days after the acknowledgement. Overall, the loan process may take up to a week or 10 days, depending on the person's credit profile and documents submitted. The turnaround time for MUDRA Loans is around 7-10 business days.

The maximum amount that can be availed under the Pradhan Mantri Mudra Yojana is Rs. 10 lakhs. However, the loan amount varies across three schemes, which are distinguished based on the stage of growth and development of the business and financing needs.

Mudra loans under Pradhan Mantri Mudra Yojana (PMMY) can be availed of from nearby branch office of a bank, NBFC, MFIs etc. Borrowers can also now file online application for MUDRA loans on Udyamimitra portal (.udyamimitra.in).

Mudra Loan Eligibility Minimum age18 yearsCollateralNo collateral or third-party security is requiredEligible Lending InstitutionsPublic Sector Banks, Private Sector Banks, Regional Rural Banks, Micro-Finance InstitutionsDocumentsIdentity proof, residence proof, application form, and passport-size photos2 more rows

Potential borrowers need to apply online via the PMMY website portal or can meet any lending institutions approved under this scheme to get their loan application form. The loan amount provided under Sishu is up to Rs. 50,000, Kishor is from Rs. 50,000 to Rs.

Documents Required Valid photo identity proof. Current address proof. Proof of income - Latest ITR Financial Docs of Income. Last 6 months Bank statement. Loan application form. Ownership proof of residence/office. Proof of continuity of business. Trade references.

Margin Minimum Margin under Union Mudra is as under: 5% for loans falling under the Shishu loan category. 10% for loans falling under the Kishore loan category. 25% for loans falling under the Tarun loan category.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232