PM E Mudra Loan SBI Bank : SBI e-Mudra / PM-SVANidhi Loan
MUDRA loans are extended by banks, NBFCs, MFIs and other eligible financial intermediaries as notified by MUDRA Ltd. The Pradhan Mantri MUDRA Yojana (PMMY) announced by the Hon’ble Prime Minister on 8th April 2015, envisages providing MUDRA loan, upto ` 10 lakh, to income generating micro enterprises engaged in manufacturing, trading and services sectors. The overdraft amount of ` 5000 sanctioned under PMJDY has been also classified as MUDRA loans under Prime Minister MUDRA Yojana (PMMY).
The Government of India has designed Mudra Loans under the Pradhan Mantri Mudra Yojana (PMMY) scheme to help small business owners to meet their capital needs and operating costs through easy finance schemes. Anyone who runs small business enterprise is eligible to apply for a Mudra Loan. The following entities are eligible to apply for Mudra Loan:
The minimum age of the applicant must be 18 years and the maximum Mudra Loan age limit is set to 65 years.
For the purpose of working capital limit, MUDRA has launched a new product called “MUDRA Card”, which is a Debit card issued on RuPay platform, and provides hassle free credit in a flexible manner.
Features of e-Mudra
i. Should be a micro entrepreneur.
ii. Should be an existing CA/SB Account holder of SBI, minimum 6 months old.
iii. Max eligible Loan amount- Rs.1.00 Lakh
iv. Maximum Loan period-5 Years
v. Instant availability of loan up to Rs.50,000/- based on Bank’s eligibility norms.
vi. For loan above Rs.50,000/-, customer to visit Branch for completing formalities.

Interest rate
Interest rates are to be charged as per the policy decision of the bank. However, the interest rate charged to ultimate borrowers shall be reasonable. Scheduled Commercial Banks, RRBs and Cooperative Banks wishing to avail of refinance from MUDRA will have to peg their interest rates, as advised by MUDRA Ltd., from time to time.
Requisite Documents for Applying E Mudra Loan
vii. Savings/Current Account number and branch details.
viii. Proof of Business (Name, Start date & Address)
ix. UIDAI- Aadhar Number (should be updated in A/c Number).
x. Community details (General/SC/ST/ OBC/ Minority)
xi. Other information for uploading like:
GSTN & UDYOG Aadhar
Proof of Shop & Establishment or Any other Business Registration document (if available).
Infant Mudra Loan : Loan without a Guarantee of up to Rs 50000 for your Child
Step by Step Process for Applying E Mudra Loan
Please Input or select through drop down menu and fill application form.
Please provide Aadhaar No. for e-KYC through UIDAI (User to ensure his present Mobile Number is linked with Aadhar (For OTP purposes) since e-KYC, e-Sign has to be completed through OTP authentication for processing and disbursement.
For Above 50,000 to Rs. 1 lacs, applicant to visit Branch where his SBI Saving/ Current Account is maintained and complete document signing formalities. Upon Completion of formalities, you will receive SMS in your mobile number advising to initiate further process viz. account opening & Disbursement by revisiting e-MUDRA portal. The process needs to be completed within 30 days after receipt of SMS of loan sanction.
Note:
The documents to be uploaded should be in PDF/ JPEG / PNG format, maximum size 2MB.
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