According to Mudra Loan, the government offers personal and business loans ranging from 50 thousand to 10 lakh, Pradhan Mantri Mudra Yojana is a collateral-free loan that can be availed by individuals and business owners who need funds to develop or improve their MSMEs. This credit facility can also be used simultaneously for setting up a new business unit or for expansion or modernization of existing business ventures.
SBI Mudra Loan Highlights
- Scheme : SBI E-Mudra Loan
- Organization : Gov.ind
- Purpose: Capital to start a business
- Loan Amount : 50,000 to 10 Lakhs
- Tenure : 3 to 5 years
- Interest Rate : MCLR
Loan Amount : 50,000 to 10,00,000 -
Loan type
- Infant Loan
- Kishore Loan
- Youth Loan
What is SBI Mudra Loan?
Through the PMMY Mudra Loan and E-Mudra Loan schemes launched by the Government of India, individuals are eligible for loans of up to Rs 10 lakh for setting up businesses and industries. This scheme is for those who cannot invest capital for their new business. A new business unit can be set up simultaneously with the benefit of the Mundra Loan scheme.
SBI Mudra Loan Criteria
Individuals must be engaged in a professional field to avail SBI Mudra Loan. Or to be able to develop your own new business, industry. You can get a loan by investing in the following businesses.
- production area
- Trade and service sector
- Allied Agricultural Services Sector
SBI Mudra Loan Required Documents
To get SBI Mudra Loan one needs documents like proof of his ongoing business or new business, bank account details, social details, UIDAI-Aadhaar number and GSTN and UDYOG Aadhaar number.
SBI Mudra Loan Apply Process
1.First of all go to the official website https://emudra.sbi.co.in:8044/emudra
2.Click on "Proceed for Mudra Loan".
3.Read the notification warning and click "OK".
4.Select the appropriate language
5.Enter your mobile number, account number, loan amount, captcha code and process.
6.Your request will be processed and delivered within the stipulated period.
SBI Helpline Number
Toll Free Numbers
1800 1234
1800 2100
1800 11 2211
1800 425 3800
080-26599990
Emails
customercare@sbi.co.in
contactcentre@sbi.co.in
Mudra Loan Video
FAQ
How can I get 50000 loan from SBI?
Existing customers of SBI, maintaining Saving Bank or Current Account (Individual), can apply for e-MUDRA loan amount up to Rs. 50,000 online on their official website or by clicking on the link: SBI e-Mudra Loan. The applicant should be between 18 and 60 years of age.
Can SBI give MUDRA loan?
You can apply for a Mudra Loan from SBI by visiting the nearest branch of the bank along with all the necessary documents. A representative from the bank will help you with the process of applying for a Mudra Loan provided you fulfil all the required eligibility criteria.
Can I get MUDRA loan now?
Yes. MUDRA loans are applicable for any activity which results in income generation. As Khadi is one of the eligible activities under Textile sector and in case MUDRA loans are taken for income generation, the same can be covered.
Can a bank reject MUDRA loan?
If at all your loan proposal gets rejected, you can figure out why and work towards correcting what went wrong. For example, if your credit score is not what your lender expects, you can try to improve your score. Having negative issues on your credit report will bring down your credit score.
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