PRADHAN MANTRI MUDRA YOJANA
Micro Units Development & Refinance Agency Ltd. (MUDRA)
is a new institution set up by Government of India to provide funding to the
non-corporate, non-farm sector income generating activities of micro and small
enterprises whose credit needs are below Rs. 10 Lakh.
Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA
has created three products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the
stage of growth and funding needs of the beneficiary micro unit. These schemes
cover loan amounts as below:
a.
Shishu: covering loans up to Rs. 50,000
b.
Kishore: covering loans above Rs. 50,000 and up to Rs. 5,00,000
c.
Tarun: covering loans above Rs. 5,00,000 and up to Rs.10,00,000
All Non-Corporate Small Business Segment (NCSBS) comprising
of proprietorship or partnership firms running as small manufacturing units,
service sector units, shopkeepers, fruits/vegetable vendors, truck operators,
food-service units, repair shops, machine operators, small industries, food
processors and others in rural and urban areas, are eligible for assistance under
Mudra.
Bank branches
would facilitate loans under Mudra scheme as per customer requirements. Loans
under this scheme are collateral free loans.
Working Capital Loans will be provided through Mudra Cards
Mudra
Loans could be availed for the following
Vehicle loan
Commercial vehicle loan
Car loan and
Two-wheeler loan
Documents Required for Pradhan Mantri
Mudra Yojana
Vehicle Loans
·
Mudra
application form
·
Vehicle
loan application form
·
2
passport size colour photographs
·
Photo
Identity proof
·
Address
proof
·
Income
proof
·
Bank
statement (last 6 months)
Business Installment Loan
·
Mudra
application form
·
BIL
application form
·
Photo
identity proof
·
Address
proof
·
Establishment
proof
·
Bank
statement (last 6 months)
·
Ownership
proof of residence/office
·
Proof
of continuity of business
·
Proof
of qualification
·
Trade
references
Business Loans Group and Rural
Business Credit
·
Mudra
application Form
·
BIL/RBC
application form
·
Photo
identity and age proof
·
Address
proof
·
Ownership
proof of residence/office
·
Business
vintage proof
·
Bank
statement (last 12 months)
·
Income
tax return (last 2 years)
Following is the format of Mudra Application Form
Visit www.mudra.org.in for more details
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