The Pradhan Mantri Mudra Yojana (PMMY) provides loans of up to Rs. 10 lakh to micro and small enterprises in the non-corporate and non-farming sectors. To qualify, applicants must submit specific documents. Here's a list of everything you need.
No balance sheet needed
After first 6 EMIs
Straight into your account
The following are documents required to apply for the MUDRA Loan scheme:
Self-attested identity proof which can be Aadhar card, PAN, Voter’s ID, Passport, driving license, and valid photo ID card as issued by the government.
Self-addressed address proof which includes Aadhar card, passport, voter’s ID card, bank passbook, and utility bill.
Business documents include certificates, registration, license, and documents confirming business existence and ownership.
In the Pradhan Mantri Mudra Yojana (PMMY), three schemes are available:
Ziploan provides business loans of up to Rs. 7.5 lakh to businesses that want to get a fast business loan. The documents required are minimal for these loans.
Disclaimer:
We don't provide MUDRA Loan. Visit our website to find our other financial services.
What are the documents required for Mudra loan?
Documents Required for Pradhan Mantri Mudra Yojana 1) Mudra application form. 2) Vehicle loan application form. 3) 2 passport size colour photographs. 4) Photo Identity proof. 5) Address proof. 6) Income proof. 7) Bank statement (last 6 months)
Can I get Mudra loan without income proof?
Shishu loans are available to people who need money to start a business. Since start-ups are not expected to provide income proof, lenders may not require it.
Who is eligible for Mudra loan?
A citizen of India with a business plan under PMMY for a non-farm income generating activity would be eligible to apply for a MUDRA loan if their credit needs are up to ten lakh rupees.
What is the age limit for Mudra loan?
An individual must be 18 years of age at the time of loan application and 65 years of age at the time of loan maturity in order to apply for a Mudra loan.
