Mr. Narendra Modi, the Prime Minister of India, launched the Pradhan Mantri MUDRA Yojana (PMMY) on 8th April 2015, and MUDRA (Micro Units Development and Refinance Agency Ltd.) loan scheme comes under this. It’s a big effort to help MSMEs. This government scheme’s main target is to finance small, high-risk businesses. MSMEs, non-farm sectors, and non-corporate sectors can avail of up to 10 lakhs through this scheme. And to borrow a MUDRA loan(Pradhan Mantri Business Loan), an applicant can approach any lending institution, such as MFIs, Co-operative banks, Commercial Banks, RRBs, Small Finance Banks, and NBFCs like Indifi. Moreover, you can apply online through these platforms.
Also Read: Why to Choose NBFCs Over Banks For A Business Loan In India
You must have a rock-solid business strategy to borrow a MUDRA loan(Pradhan Mantri Business Loan). This loan cannot be taken out for any personal need like purchasing a vehicle or even in case you are a rich business person. Under the following cases, a business owner can take out a MUDRA loan:
PM Mudra Loan Overview
PMMY Full Form | Pradhan Mantri Mudra Yojana |
MUDRA Full Form | Micro Units Development & Refinance Agency Ltd. |
Eligibility Criteria | New And Existing Business or Business Owners |
Repayment Tenure | 3-5 years |
Loan Limit | Up to 10 Lakhs |
Documents Required | Photo, Adress Proof, Income proof, Business ownership, etc |
Who Can Avail Loan | Non-corporate, Non-farm, and small business |
For What Purpose We Can Take Mudra Loan?
- Workplace renovation
- Overdraft facility
- Agriculture-related activities
- Buying equipment and other resources
- Buying commercial vehicles
- Dropline overdraft
Also Read: Business Loan Denied? Here’s What You Should Do Before Applying
Businesses Which Can Avail MUDRA Loan:
- Service sector companies
- Self-proprietors
- Micro-manufacturing companies
- Micro industries
- Partnerships
- Vendors (fruits and veggies)
- Repairing stores
- Foodservice businesses
- Truck owners
Also Read: Business Loan Vs. The Line Of Credit
Mudra Loan Eligibility Documents
- Proof of business address
- Evidence of business identity
- Passport size photographs
- Equipment and other product quotations
- Residential evidence
- Proof of business owner’s identity
Also Read: Best Ways Woman Entrepreneurs In India Can Avail Business Loans
How To Apply For MUDRA Loan Online
You can apply online for the MUDRA loan by visiting its registered bank or any NBFC official website. The online form is available on the website. Here are steps to follow to apply for the MUDRA loan online:
- Choose the lending institution.
- Download the application form.
- Fill in all the details precisely.
- Upload all required documents.
- Finish all formalities by the lending institution.
- Get the loan approved after this procedure is done.
Also Read: The Steady Rise Of Women Entrepreneurs In India
MUDRA Loan Types Available For Small Businesses
Based on the pace of development and growth stage of a business, alongside the financial requirement, these 3 types of MUDRA loans(Pradhan Mantri Business Loan) are provided:
Mudra Loan | Funds Limit | Best For | Mudra Interest rate |
Shishu loan | Up to INR 50,000 | Start-up companies or Small Businesses | Based On Credit History & Lender |
Kishor loan | 50,000 and INR 5 lakhs | Businesses require more funds for development | Based On Credit History & Lender |
Tarun loan | 5 lakhs to INR 10 lakhs | Developed business but need more reach | Based On Credit History & Lender |
The rate of interest for the Mudra loan depends on the lender. The credit history is important in deciding the payback duration and rate of interest. The lender also decides the payback period.
Apply For Online Business Finance
What Is The Repayment Tenure for MUDRA Loan
Applicants will get the loan amount for the duration of 5 years. He/she can pay the lender through installments. The installment process is easy as rates of interest are low.
In case you are seeking a higher amount of funds with an easy borrowing encounter, choose a business loan from Indifi which is particularly crafted for your SME. We offer custom solutions to clients to ease the application procedure and access to immediate business finances.
Top Banks Offering Business Loan Under PMMY
Banks Offering Loan | Mudra Loan nterest Rate |
SBI mudra loan | |
- SBI mudra loan
- Union Bank mudra loan
- PNB mudra loan
- BOB mudra loan
- Canara bank mudra loan
Lonan
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Lone MELAGA
Sar
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Hi
I would like to say that I work in Noida last 7 years bored with job I am very dedicated & Love to start my new Rental business in our area. Can you help me start this business need around 5 Lac.
Regards
Ajay 9650788916
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
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Sir, hum Mudra loan nhi dete, lekin agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Thank You
I want lone for growth for my business
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, you can apply for a business loan through our online application form on indifi dot com
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
MUDRA LOAN
Sorry, Sir, We don’t provide Mudra loan, but if in case you are looking for a business loan, you can visit our website indifi dot com and fill the application form. Our customer care executive will contact you for further queries and documents.
Sorry, Sir, We don’t provide Mudra loan, but if in case you are looking for a business loan, you can visit our website indifi dot com and fill the application form. Our customer care executive will contact you for further queries and documents.
Sir, hum Mudra loan nhi dete, lekin agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Sir, hum Mudra loan nhi dete, lekin agar app apne business ko badana chahte h Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, visit our online website and fill the online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Lons200000
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, visit our online website and fill the online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Loan chahiye
app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Mudra loan chahiye
Sir, hum Mudra loan nhi dete, lekin agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Mujhe loan chahiye proparti par business krne ke liye kya mujhe mudra loan mil skta h
300000
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, Visit our website indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, hum Mudra loan nhi dete, lekin agar app apne business ko badana chahte h bina koi property dikha kar toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
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My no is. 9496782630
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
How can apply mudra loan
Sir, We only provide business loan not Mudra loan, You can visit our website: indifi dot com and fill the online application form and our customer care executive will call you for further queries.
Muje lon चाहे
Sir, we don’t provide Mudra loan, we offer the business loan. To avail our business loan service you have to visit our website: indifi dot com
and fill the online application form and our customer care executive will call you for documents.
I WANTLOAN
Hom lon
M Lon Lena chahata Hun ji business KO sage badane k liye
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Sir, appko loan mil jayega. App hamari website:indifi dot com pe jayie or online application form bhariye. Hamare customer care executive apko documents k lie fon karenge.
Mobile shop kale
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Please,AprovedLoan
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, Please visit our website: indifi dot com
Fill the form, after filling the form our customer care executive will contact you for further queries and documents.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir, you can visit our website indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Sir,hum business loan de sakte h. Uske lie hamari website pe jaiye https://www.indifi.com/ or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
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Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
Mujhe lone chahiye
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
I need new business lone
Sir, you can apply for a business loan through our online application form on indifi dot com
After filling the form our customer care executive will contact you for further queries and documents.
50000 ka lone dukan karne me liyj
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot com or application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
50000 ke mujhi lone kee jarurat hai October 2019
Sir, agar app apne business ko badana chahte h toh aapko hum business loan de sakte h. Uske lie hamari website pe jaiye indifi dot comor application form bhairie, hamari taraf se apko call ayega, jab aap woh form bharoge.
Sir loan
Kitne dim me milega
30000 sir loan ke jarurta he
[…] Also Read: Mudra Loan – Everything You Must Know About […]
[…] Also Read: Mudra Loan – Everything You Must Know About […]
Hi
I would like to say that I work in Noida last 7 years bored with job I am very dedicated & Love to start my new Rental business in our area. Can you help me start this business need around 5 Lac.
Regards
Ajay 9650788916
Hom lon