Mudra Loan Application Form - Check How to Download

1. Name of the bank and the branch where the loan is required.
2. Name of applicant or applicants
3. Father's or husband's name
4. Choose if the constitution is either individual, joint, proprietor, partnership or other.
5. Residential address and mention if it is rented or owned.
6. Business address and mention if it is rented or owned.
7. Date of birth
8. Age
9. Sex
10. Educational qualification, if illiterate, up to 10th grade, graduate, professional or other.
11. KYC Documents, specify if ID proof or Address proof: Voter ID number, Aadhaar number, Driving license number or others.
12. Telephone number
13. Mobile number
14. Email address
15. Line if business and its activity and for the period it has been running.
16. Annual sales, existing and proposed.
17. Experience, if any.
18. Social category, if General, SC, ST, OBC or Minority. If minority choose if you are Buddhist, Muslim, Christian, Sikh, Jain, Zoroastrians or others.
19. Loan amount required. Mention if you need overdraft or term loan.
20. Detail of the existing account, mention the type of loan or deposit and the name of the bank and the branch. Mention the account number and if it is a loan account mention the loan amount.
21. Finally put your signature and enter the date and place field under the declaration in the form.
22. The authorised bank will then give you the acknowledgement slip. It will be signed and sealed by the authorised personnel of the branch.

Documents Required to Apply for Mudra Loan

1. Identity proof:
   1. Voter ID Card
   2. Driving license
   3. Passport
   4. PAN Card
   5. Signature identification from proprietor, partner or director.
2. Residence proof:
   1. Electricity bill
   2. Recent telephone bill
   3. Property tax receipt
   4. Voter ID card of proprietor, partner or director.
   5. Business address proof
   6. Last 3 years balance sheet along with Income or sales tax returns.
   7. Partnership deed or Memorandum and Articles of Association of the company.
   8. Assets and liabilities statement along with ITR.
   9. Rent agreement, if the business premises is rented.
   10. SSI or MSME registration.
   11. Trade references.
   12. Proof of business continuity.
   13. Project balance sheet for the next 2 years, if you are availing working capital loan.
   14. Lease deed copy or title deed of the property.
   15. 2 passport sized colour photographs.
   16. Proof of qualification.

Who Can Apply for a Mudra Loan

You can apply for a Mudra Loan if you are:

1. Vegetable and fruit dealers
2. Small manufacturer
3. Artisan
4. Working in the agriculture sector as a farmer, poultry or dairy farmer, horticulturist, etc.
5. Shopkeeper

How to Apply for Mudra Loan

Online mode

Step 1 - Visit the official website of the financial institution through which you wish to apply for the Mudra Loan.

Step 2 - Download the application form of the scheme which you wish to avail - Shishu, Kishore, or Tarun.

Step 3 - Once you have downloaded the form, take a printout and duly fill it. Make sure all the details mentioned on the documents are correct.

Step 4 -Attach all the necessary documents along with the application form and visit the branch of the lender from whom you are availing the Mudra Loan and submit it.

Step 5 - Once you have submitted all the documents, the lender will verify them. If all the details are found to be correct, then they will disburse the loan amount to your bank account

Offline mode

Step 1 - Visit the branch of the lender from whom you wish to avail the Mudra Loan.

Step 2 - Ensure that you have a written business plan with you as that will play a vital role in the bank deciding to allow you to avail a Mudra Loan.

Step 3 - Based on your eligibility criteria, choose the scheme under which you would like to avail the Mudra Loan and duly fill the application form.

Step 4 -Submit the application form along with your other important documents and passport size photographs.

Step 5 - The lender will then verify the documents submitted by you. If all the details submitted by you are correct, then the loan amount will be disbursed to your bank account.

Types of Mudra Loan: 

There are three types of Mudra loans available. They are as listed below: 

Mudra Shishu Loan: As per this category, you can avail yourself of a loan of up to Rs.50,000 for non-farming enterprises. This loan is designed to cater to the needs of new enterprises requiring funds for small-scale machinery or operational costs. The existing businesses can also avail themselves of this loan for minor expenses like renovation or expansion. Eligible applicants under this category include micro-industries, self-proprietors, commercial vehicle owners, and fruit and vegetable vendors. This loan comes with a repayment tenure of up to 7 years, no minimum loan amount, no collateral requirement, and zero processing charges. 

Mudra Kishor Loan: As per this category, you can avail yourself of a loan from Rs.50,000 up to Rs. 5 lakh. This loan can be used by businesses to buy heavy machinery, expansion, purchase of commercial vehicles, etc. Even personal service providers like pharmacists, tailors, and couriers can apply for this loan. 

Mudra Tarun Loan: This loan is offered between Rs. 5 lakhs and Rs. 10 lakh and has a repayment tenure of 3 years to 5 years. This loan can be used by both new and established businesses. The new enterprises can use this as working capital, and established companies can use this fund renovations, expansions, and operational purchases. 

Mudra Tarun Plus: This is a new category of loan offering introduced by the government. Under this category, the enterprises can avail themselves of a loan between Rs. 10 lakh and up to Rs. 20 lakh. 

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