Mudra or Micro Units Development and Refinance Agency Ltd. is an institution set up by the government of India to offer funding to non-corporate and non-farm sectors of the micro and small enterprises that are in need of credit. Mudra loan can be availed for:
Mudra Loan cannot be taken for personal requirement, to buy a personal vehicle or for educational purposes. One must have a genuine business plan to get the loan.
|PMMY Application Form|
|Common Loan Application Form for Kishor and Tarun|
|Application Form for Shishu|
|Check list for Shishu Application|
Mudra Loan can be applied for at the authorised banks. There are 27 public sector banks, 17 private sector banks, 31 regional rural banks, 4 co-operative banks, 36 MFIs and 25 NBFCs who are authorised to disburse Mudra loan. You will have to fill up the following in the loan application form:
You can apply for a Mudra Loan if you are:
No, there are no subsidies offered under Mudra Loan.
Yes, college students can also apply for Mudra Loan provided they meet the eligibility criteria and have a valid business plan with them along with all the necessary documents.
Yes, you can avail a Mudra Loan if you wish to purchase a taxi for transportation of goods.
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