E Mudra Loan Yojana 2023 (PMMY): Mudra loan is extended for a variety of purposes which provides income generation and employment creation in Manufacturing, Services, Retail and Agri. Allied Activities.
In this article, you will get easy steps to apply PM Mudra Loan and also mentioned list of documents required for this scheme.
Mudra Loan Apply-Overview
| Name Of The Article | PM Mudra Loan Apply 2023 |
| Name Of The Scheme | Pradhan Mantri Mudra Yojana Application 2023 |
| Type Of Article | Sarkari Scheme |
| Who Can Apply | All India Applicants |
| Loan Amount | 50,000 To 10 Lakh |
| Mode Of Application? | Online + Offline |
| Official Website | Click Here |
Documents For Mudra Loan
- Aadhaar Card
- Pan Card
- Bank Account
- Domicile Certificate
- Birth Certificate
- Passport size Photo
- Mobile Number
Types of Mudra Loan Products
There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.
| Name of Scheme | Loan Amount |
|---|---|
| Shishu | Up to Rs.50,000 |
| Kishor | Rs.50,000 to Rs.5 lakh |
| Tarun | Rs.5 lakh to Rs.10 lakh |
Types of Mudra Loan Products
There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.
| Name of Scheme | Loan Amount |
|---|---|
| Shishu | Up to Rs.50,000 |
| Kishor | Rs.50,000 to Rs.5 lakh |
| Tarun | Rs.5 lakh to Rs.10 lakh |
How to Apply for E Mudra loan?
- Step 1 : Ensure that the necessary documents are kept ready. The main documents you will require are your ID proof, address proof, and business proof.
- Step 2 : Approach a lender who is enrolled under the E MUDRA Loan scheme and fill up the application form.
- Step 3 : Submit the necessary documents.
Here are the key features and benefits of Mudra loan:
- Banking and financial services can be availed in both rural and urban areas.
- Financial backing can be obtained by micro-small businesses and start-ups.
- Business loans can be taken for small amounts at affordable interest rates.
- Women borrowers can avail the loan at discounted interest rates.
- Food vendors, shopkeepers and other small business owners can make the most of this scheme.
- Refinance schemes can also be availed with designated lenders.
PM Mudra Yojana can also be availed for following activities
- For commercial vehicles – E-rickshaw, goods vehicle, auto rickshaw, tractor trolley, trailer, etc.
- For service center – Repair shop, dry clean, medicine shop, photocopy shop, gym, tailoring shop, salon etc.
- For traders and shopkeepers – Traders and shopkeepers, for shop service, entrepreneurial trade and other business activities
- Agriculture Activities – animal husbandry, bee keeping, agriculture industry grading, poultry farm, agriculture clinic, agriculture business, food and agriculture processing unit, fisheries, dairy etc.
