Pradhan Mantri Mudra Yojana (PMMVY) was started by PM Narendra Modi to provide loans to people for self employment. Under this scheme, all the new startups and existing business units can avail loans to start their work. All the State Bank of India account holders can now apply online for SBI Mudra Loans. People can now fill SBI Bank e Mudra Loan apply online form at the official website sbi.co.in. It is also advised that people must check the central govt. Mudra Yojana eligibility criteria, documents list, interest rate and subsidy amount.
Under PM Mudra Loan Yojana, govt. provides loans upto Rs. 10 lakh to non-corporate, non-farm small / micro enterprises by commercial banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. People can now avail Mudra loans from SBI bank easily.
In Mudra Loan Yojana, govt. provides loans in 3 different categories namely Shishu, Tarun and Kishor schemes. In order to avail Mudra loans, people can approach the SBI lenders or can even apply online at udyamimitra.in portal.
SBI Bank E Mudra Loan Apply Online Form 2024 at sbi.co.in
SBI e-Mudra Loans website link - https://emudra.bank.sbi:8044/emudra/basic-details
SME lead generation - https://sbi.co.in/web/business/sme/lead-generation
Afterwards, click at the "Apply Now" tab present on the left side of the page. Then the SBI e Mudra Loan Apply Online Form 2024 will appear as shown below:-
Firstly check the eligibility criteria and features before applying online for SBI E Mudra Bank Loans.
SBI E Mudra Loan Online Application Form at udyamimitra.in
People can even apply online for Mudra Loan from any banks including SBI through the link given below:-
At this page, click at "Apply Now" link under 'Mudra Loans' section to open Mudra Loan Registration form as shown below:-
Here enter all the details accurately to get Mudra Loans from the preferred lending institutions.
SBI e Mudra Loan Eligibility Criteria
All the new and existing units can apply online for SBI e Mudra Bank loans. The applicants which fulfills this eligibility criteria for e Mudra loans from SBI are eligible. The business should be either one of the following:
- Small manufacturing enterprise
- Shopkeepers
- Fruit and Vegetable vendors
- Artisans
- 'Activities allied to agriculture', e.g. pisciculture, bee keeping, poultry, livestock, rearing, grading, sorting, aggregation agro industries, diary, fishery, agriclinics and agribusiness centres, food & agro-processing, etc. (excluding crop loans, land improvement such as canal, irrigation and wells)
SBI Bank Mudra Loans Documents List
Here is the complete checklist to apply online for Mudra Loans from SBI Bank:-
- Duly filled application form of Mudra Yojana
- 2 passport size photographs of the applicants
- ID proof: Aadhar Card, Valid passport, Voter ID card, Valid driving license and PAN card
- Residence proof: Utility bill, Aadhaar card, passport, voter's ID, bank passbook or latest bank account statement.
- Proof of business existence: Certificate, License, registration or any other documents confirming the business existence, address and ownership.
SBI E Mudra Loan Other Conditions
The loans under Mudra Scheme are guaranteed by Credit Guarantee for Micro Units (CGFMU) and the same is provided through National Credit Guarantee Trustee Company (NCGTC). The guarantee cover is available for five years and hence for advances granted under Mudra Scheme the maximum period is 60 months. Leads are now available in Udyami Mitra Portal (www.udyamimitra.in). Site can be accessed by Branches with Username and Password. All Branches to issue MUDRA RuPay Card for all the eligible CC accounts.
SBI Bank E Mudra Loan Interest Rate, Subsidy & Features
Here are the important features and highlights of SBI Bank E Mudra Loan:-
| Type of Facility | Working Capital and Term Loan |
| Purpose | Business purpose, capacity expansion, modernization |
| Target Group | Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities. |
| Quantum of loan (Min / Max) | Maximum loan amount is upto Rs. 10 lacs |
| Shishu Loans | Loans upto Rs.50,000 are categorized as SHISHU |
| Kishore Loans | Loans from Rs. 50,001 to Rs. 500,000 are categorized as KISHORE |
| Tarun Loans | from Rs. 500,001 to Rs. 10,00,000 are categorized as TARUN |
| Margin (%) | Upto Rs. 50,000 is Nil and Rs. 50,001 to Rs. 10 lacs is 10% interest rate |
| Pricing | Competitive Pricing Linked to MCLR |
| Repayment Period | WC/TL: in 3 - 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation, Review of WC/TL to be done annually. |
| Processing Fee | Nil for Shishu and Kishore to MSE Units, For Tarun: 0.50%(plus applicable tax) of Loan amount |
Collateral Security for SBI Bank E Mudra Loans
The collateral security for e Mudra bank loans from SBI is Nil which is to be covered under CGFMU. However as primary security, Hyp. of P&M for TL and Hyp. of Stocks and Receivables for CC to be done.
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Central Government