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                                                                  mudra loan


                                      MUDRA - Micro Units Development and Refinance Agency Limited    



The launch of Pradhan Mantri MUDRA Loan Scheme in April 2015, aims to provide Collateral-free Loans upto Rs. 10 Lakhs to small businesses engaged in economic activities like retail, manufacturing, trading etc.




mudra loan




Procedure for application of Mudra


mudra loan




Eligibility Criteria

  • Loan applicant must be an Indian Citizen
  • Loan can be availed only for micro or small scales businesses from rural areas.
  • Loans can be availed by non-farm income-generating businesses in trading, manufacturing and services.
  • Loan amount should be quoted under the maximum limit Rs. 10,00,000/-


Documents Required

  • Identity proof, Residence proof, and Business address proof
  • Income Tax Returns and Financial Statements of last three years
  • Written proposal of Company or Partnership Deed
  • Latest Assets and Liabilities statement and income tax returns of promoters and Guarantors.
  • Rental agreement (if any)
  • Registration forms of SSI/MSME, if applicable.
  • Projected Financial Statements for the coming two, for cases involving Rs. 2 lakhs and above.


  Benefits of Attaining MUDRA Loan

  • Finance range : Rs. 50, 000 to Rs.10,00,000/-
  • No  processing fee
  • Focus on small and micro level businesses
  • Low Interest rates



                                                                                                                                                                                - By Harshali Ahire