Mudra Loan Application Form

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:

• Buying commercial vehicle, car and two-wheeler
• Working capital requirement loan
• Loan to buy plant and machinery
• Loan to renovate office
• Drop line overdraft
• Overdraft facility,etc

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.

Download Mudra Loan Application Form in PDF

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:

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 Mudra Loan

• Identity proof:
  1. Voter ID Card
  2. Driving license
  3. Passport
  4. PAN Card
  5. Signature identification from proprietor, partner or director.
• 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:

• Vegetable and fruit dealers
• Small manufacturer
• Artisan
• Working in the agriculture sector as a farmer, poultry or dairy farmer, horticulturist, etc.
• Shopkeeper

How to apply for Mudra Loan

Online mode

1. Visit the official website of the financial institution through which you wish to apply for the Mudra Loan.
2. Download the application form of the scheme which you wish to avail – Shishu, Kishore, or Tarun.
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.
4. ttach 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.
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

1. Visit the branch of the lender from whom you wish to avail the Mudra Loan.
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.
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.
4. Submit the application form along with your other important documents and passport size photographs.
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.

FAQs on Mudra loan application form

1. Does Mudra Loan offer any subsidies?

No, there are no subsidies offered under Mudra Loan.

2. Can college graduates apply for 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.

3. I want to purchase a taxi for transportation of goods. Can I avail a Mudra Loan?

Yes, you can avail a Mudra Loan if you wish to purchase a taxi for transportation of goods.