If you want to open a new business or want to expand your business but are finding it difficult to get a loan, SBI Mudra Loan is ready to solve your problem. For SBI e Mudra Loan Scheme , there is neither more paperwork nor need to go to the bank. You can apply for SBI Mudra Loan from the comfort of your home. By applying for this loan, you can get a Mudra loan of up to Rs.50,000 in just 5 minutes.
SBI e Mudra Loan Scheme: Today we tell you how to apply for SBI Mudra Loan through this article? Will tell about it. Along with this, you will get information about loan benefits from SBI, documents required for taking loan, eligibility, types of SBI Mudra Loan etc. The article must be read in its entirety.
SBI e Mudra Loan Scheme 2023
|Name of Article||SBI Mudra Loan Scheme. SBI Mudra Loan Yojana|
|Name of the scheme||E-Mudra Loan Scheme|
|Who initiated the scheme?||A scheme launched by the Prime Minister of the country to provide loans ranging from Rs 50 to 10 lakh to non-corporate, non-agricultural small/micro enterprises.|
|When did the scheme start?||April 8 , 2015|
|Objective of the scheme|
The scheme has been launched to help India’s small scale businesses, companies, units to grow and reach fruition.
|Sbi E mudra loan||https://emudra.sbi.co.in:8044/emudra/basic-details|
Benefits of SBI Mudra Loan Yojana Loan
SBI (State Bank of India) Mudra Loans are provided under the Micro-Units Development and Refinance Agency (MUDRA) scheme. Let us tell you that the small and medium entrepreneurs of the country who already have a business or who want to expand their business, then you can apply for Mudra loan from SBI. Also, a loan can be taken under this scheme to start a new business. With this loan they can not only open a new business but also invest in their business so that their business can progress well.
Under Mudra Loan, SBI, you can get a business loan of up to 50,000 by applying online. For this it is necessary to have a saving account or current account with SBI. Along with this, you should also have your business documents, only then you can apply for this loan.
You will need these documents to avail SBI Mudra Loan.
Bank Account Details (Savings/Current) Savings/Current Account Number
Udyog Aadhaar Number (UDYOG Aadhaar) and GSTN and
your Business Documents
Proof of Business Address
UIDAI-Aadhaar Number (must be updated with Bank Account)
Caste Details (General/SC /ST/OBC/Minority)
Proof of registration of shop and establishment and business
Loans are available under SBI Mudra Loans
SBI Mudra Loan offers 3 types of loans. Which are as follows.
Shishu Loan – Under Shishu Loan, you can take a loan of up to Rs 50,000.
Kishore Loan – Under Kishore Loan Rs. 50,000 to Rs. Loans up to 5 lakhs are given.
Tarun Loan – In Tarun Loan, those who have a big business can take a loan ranging from 5 lakhs to 10 lakhs for investment.
Eligibility for SBI e-Mudra Loan
- Applicant must have a current or savings account (at least 6 months old) with SBI.
- Maximum loan amount up to 1 lakh
- The maximum repayment term is up to 5 years.
- An instant loan of Rs 50,000 will be provided by the bank
- If you want to take a loan above Rs 50,000, you have to go to the nearest SBI bank branch for that.
- SBI Mudra Loans will be provided only to non-agricultural businesses.
- A person should be a non-defaulter to get a loan.
- Only individuals and any small business unit can apply for this.
- You must have your business documents.
Along with this it is also necessary to keep in mind that only citizens between 18 to 60 years can avail this scheme. Under this, they can get a loan of up to 50 thousand rupees by completing just a few steps. It is very beneficial for small and small businessmen as they are given a long time of 3 to 5 years to repay this loan.
How to Apply for SBI Mudra Loan
For Mudra Loan, SBI (SBI Mudra Loan Application) you have to follow below steps –
- First of all you have to go to the official website of e-challan portal of State Bank of India (SBI) emudra.sbi.co.in:8044/emudra. Apply SBI e-Mudra Loan Online
- As you go to its website, here you have to click on the option to proceed for e-Mudra in the homepage. A new page will open in front of you.
- Now you can easily apply for SBI Mudra Loan through official verification of Aadhaar card.
- The process has to be completed within 30 days from the date of receiving the loan approval SMS.
SBI E-Mudra Loan Online Helpline
|Mudra Office Address||SWAVALAMBAN BHAVAN, C-11, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI – 400 051|
|Mudra Helpline||1800 180 1111 / 1800 11 0001|
|SBI Helpline||1800 11 2211 , 1800 425 3800 , 080-26599990|
Some Questions and Answers Related to SBI Mudra Loan
How to get SBI Mudra Loan?
For this you have to go to SBI’s e-Mudra loan portal emudra.sbi.co.in . You can easily apply for SBI Mudra Loan through the process given in the article above.
How many parts are SBI Mudra Loan divided into?
SBI e-Mudra Loan is divided into 3 parts – Shishu Loan, Kishore Loan, Tarun Loan.
What documents are required for SBI Shishu Mudra Loan?
For SBI Shishu Mudra Loan, you have to provide your SBI account details, Udyog Aadhaar details, employment or shop certificate and GST registration certificate.
How to Apply Offline for Mudra Loan SBI?
If you can’t apply online, you can apply offline for SBI Mudra Loan, for this you have to visit your nearest SBI branch and fill the form.
Who decides the interest rate on SBI e-Mudra Loan?
The interest rate on SBI Mudra Loan is fixed based on RBI guidelines.
What are the documents required for SBI Kishore and Tarun Loan?
For Kishore and Tarun loans, you will need ID card, residence certificate, last 6 months bank statement, business ID, Aadhaar card, 2 years balance sheet statement, passport size photo, last 2 years profit loss statement.