Are you a budding entrepreneur looking to start or expand your business but facing financial constraints. The E-Mudra Loan Scheme, a government-backed initiative, offers a lifeline.
This scheme provides affordable loans to small businesses, helping them realize their dreams and contribute to economic growth.
Three Tiers of Support
The E-Mudra Loan Scheme operates in three stages, each offering different loan amounts to cater to businesses at various stages of development-
Shishu Mudra Loan- For newly established businesses, this stage provides loans of up to ₹50,000 to kickstart operations.
Kishor Mudra Loan- As your business grows, you can avail loans ranging from ₹50,000 to ₹5 lakh under this stage.
Tarun Mudra Loan- For established businesses with a proven track record, this stage offers loans up to ₹10 lakh to fuel further expansion.
How to Apply for an E-Mudra Loan
Applying for an E-Mudra loan is a straightforward process-
Online Application- Visit the official SBI E-Mudra website and complete the online application form.
KYC Verification- Verify your identity using your Aadhar card and mobile number.
Loan Amount Selection- Choose the desired loan amount based on your business needs.
Bank Verification- Your application will be reviewed by the bank, and you may be required to visit a branch for further verification.
Required Documents
To complete the application process, you’ll need to submit the following documents-
Application Form
Passport Size Photograph
Bank Statement (Last 6 Months)
Business Certificate
Company Certificate (if applicable)
Aadhaar Card
PAN Card and GST Certificate
Other certificates as required by the bank
Key Features and Eligibility
Maximum Loan Amount- Up to ₹10 lakh
Repayment Tenure- Up to 5 years
Loan Types- Term loan and working capital loan
Collateral-Free- No security is required.
Eligibility Criteria- Applicants should have an existing or planned business and a 6-month-old current account.
Seize the Opportunity
The E-Mudra Loan Scheme is a game-changer for aspiring entrepreneurs. By providing affordable loans and financial support, it empowers individuals to turn their business ideas into reality.
Don’t let financial constraints hold you back. Explore the E-Mudra Loan Scheme and take the first step towards achieving your entrepreneurial goals.