SBI Mudra Loan Application Form PDF

PDF Name	SBI Mudra Loan Application Form
No. of Pages	8
PDF Size	0.57 MB
Language	English
Tags	Application Form, Loan Application Forms
PDF Category	Banking & Finance
Source / Credits	slbcne.nic.in
Uploaded By	Pradeep

SBI Mudra Loan Application Form - Summary

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015, for providing loans up to 10 lakh to the non-corporate, non-farm small/micro-enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs, and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in.

Features of SBI Mudra Loan

Nature of facility	The term loan and working capital
Purpose	Modernization, business capital, expansion
Target group	People belonging to the trading sector, part of business enterprises, and those who carry out agricultural activities
Quantum of loan	Maximum loan amount: Rs.10 lakh Loans up to Rs.50,000 is under the SHISHU category Loans from Rs.50,001 to Rs.500,000 is under KISHORE category Loans from Rs.500,001/- to Rs.10,00,000/- is under the TARUN category
Repayment period	3 –5 years
Processing fee	Nil for Shishu and Kishore loans 0.5% of the loan amount for Tarun loans
Margin	Nil for a loan up to Rs.50,000 10% for loan amount from Rs.50,001 to Rs.10 lakh
Pricing	Pricing linked to MCLR
Collateral security	No collateral required. However, as Primary Security, hypothecation of P&M for TL and hypothecation of stocks and receivables for CC to be done.
Eligibility criteria	New and existing units
Other conditions you must be aware of	The loan that you avail of under the Mudra Scheme is guaranteed by Credit Guarantee for Micro Units (CGFMU) and provided by the National Credit Guarantee Trustee Company (NCGTC). The cover is available for 5 years and hence the advice granted is for 60 months. You can view the leads on Udyami Mitra Portal. All CC account holder will be issued a Mudra RuPay card by their respective branches.

SBI e-Mudra

Existing SBI savings and current account holding customers can now apply for the SBI Mudra loan online. Loan applications for up to Rs.50,000 can be submitted on the SBI e-Mudra portal – https://emudra.sbi.co.in:8044/emudra.

Eligibility criteria for SBI e-Mudra Loan

The borrower should be between 18 and 60 years of age.
The deposit account should have been active for a minimum of 6 months.

Documents Required

It is important to keep the following documents in hand when applying online for the e-Mudra loan. The documents should be in the JPEG, PNG, or PDF format and should not exceed 2MB in size. The documents should be a photocopy or a scanned copy of any of the following:

GST registration certificate
Shop & Establishment certificate
Udyog Aadhaar
Any other document of business registration

Details Required

To ensure that the application process is smooth, make sure you have the following details ready:

Your SBI savings/current account number
Aadhaar number: This is voluntary and is required to complete the e-KYC process instantly through the mobile app. However, if you do not wish to provide your Aadhaar number online, your application will be manually processed at the SBI branch.
Business details: This includes the name and address of your business and its start date and is used to verify your business location.
Religion and community: This is a part of SBI’s credit policy.
Sales figures: Sales turnover figures.
Business account: Account number, bank, and branch name where your business’ sales proceeds gets credited.

Online Application Process

Visit the SBI e-Mudra portal.
Click on the button ‘Proceed’ on the homepage.
Read the instructions given in Hindi or English and click on ‘’Ok’’ to proceed to the next page.
Fill in your mobile number, SBI savings/current account number, and required loan amount.
Click on ‘Proceed’.
Fill in the details required in the online application form. You can also select the relevant data through the dropdown menu.
Upload the necessary documents.
Accept the SBI e-Mudra Terms and Conditions with an e-Sign. To do this:
Input your Aadhaar number.
Tick on the consent check box for using your Aadhaar for purposes of the e-Sign.
You will receive an OTP to your mobile number registered with your Aadhaar.
Enter the OTP in the required field to complete your application.