How to take mudra loan? Procedure and type of Mudra loan? Application for mudra loan?

 How to take a mudra loan? Procedure and type of Mudra loan? Application for mudra loan?

 

Mudra Loan not sanctioned for below 2 categories.

NON FARMING : 

for doing any farming activity like crop cultivation. Tractor etc.

NON CORPORATE :

 If you are an existing businessman/woman and your turnover is a crore then you are not eligible for a Mudra loan.

 

LOAN TYPE AND AMOUNT

1. SHISU MUDRA LOAN: 50000

2.  KISHORE  MUDRA LOAN: 50001 - 500000

3. TARUN MUDRA LOAN :

500001- 1000000

 

PROCESSING FEE:  .5 % FOR TARUN AND NIL FOR SHISHU

 AND KISHORE

 

ELIGIBILITY CRITERIA: NEW AND EXISTING

REPAYMENT : 3 - 5 YEAR

 

Interest rate: 8.5 to 10.5 Bank to bank different.

 Guarantee Required: No  

 

TYPES : SHISHU: NEW BUSINESS INITIAL STAGE, SMALL

 BUSINESS: 50000

documentation:

( QUOTATION, BILL )

ADDRESS PROOF

IDENTITY PROOF

 

 

KISHORE: EXISTING BUSINESS EXPAND

Documentation:

 

1. ACCOUNT STATEMENT

2. BALANCE SHEET

3. ITR

4. ESTIMATED BALANCE SHEET

5. MEMORANDUM OF ARTICLE ( MOA )

6. PROJECT REPORT

7. Udyog Aadhar

8. ADDRESS PROOF

9. IDENTITY PROOF

 

3. TARUN MUDRA LOAN : 10 LAKH

CHECKLIST

DOCUMENTATION SAME AS KISHORE MUDRA LOAN

AND

PROJECT REPORT 

 

types of Business for which you can apply for a Mudra loan.

 

TRANSPORT VEHICLE

SOCIAL ACTIVITY: like GYM , SALOON, PARLOR

 

FOOD PRODUCT: SHOP, PRODUCTION, RESTAURANT

 

TEXTILE: any garments shop, production, or manufacturing unit

 of Garments.

 

BUSINESS LOANS FOR TRADERS AND SHOPKEEPERS

 

website for udyog aadhar Registration.

https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm

copy the above-given address and paste into your browser 

Procedure for Mudra loan and requirement before apply:

https://youtu.be/AO3L_aPmMFs

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