The SBI Mudra Loan Yojana 2024 is an initiative under the Pradhan Mantri Mudra Yojana (PMMY) scheme, aimed at providing financial assistance to small and micro enterprises in India. Through this scheme, the State Bank of India (SBI) supports entrepreneurs by offering loans without requiring collateral. Here’s a guide to applying online and understanding the details:
Overview
| Name Of Article | SBI Mudra Loan Yojana 2024 |
| Type of Article | Sarkari Yojana |
| Name of the Bank | State Bank of India |
| Apply Mode | Online |
| Type of Loan | Mudra Loan |
| Who Can Apply | All State Bank Of India Account Holder |
| Charges of Application | As Per Applicable |
| Loan Amount | Rs. 50000/- Up to 10 Lakh |
| Official Website | https://emudra.sbi.co.in |
Key Features of the SBI Mudra Loan
- Loan Types:
- Shishu: Loans up to ₹50,000 (for startups or new businesses).
- Kishore: Loans between ₹50,001 and ₹5,00,000 (for growing businesses).
- Tarun: Loans between ₹5,00,001 and ₹10,00,000 (for established businesses).
- Purpose:
- Equipment purchase.
- Business expansion.
- Working capital.
- Other business-related expenses.
- Interest Rates: Vary depending on the loan amount and applicant profile.
- Tenure: Up to 5 years, with flexible repayment options.
- Collateral: No collateral is required as per PMMY guidelines.
Eligibility Criteria
- Indian citizens with a valid business plan.
- Entrepreneurs involved in manufacturing, trading, or service activities.
- Age between 18 and 65 years.
- Proof of income and ability to repay the loan.
Documents Required
- Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
- Address Proof: Aadhaar Card, Passport, or Utility Bills.
- Business Proof: Registration certificate, GST registration, or any applicable proof.
- Bank Statements: Last six months.
- Application Form: Filled and signed.
How to Apply Online
- Visit the Official Website: Go to emudra.sbi.co.in.
- Choose Mudra Loan: Select the relevant category (Shishu, Kishore, or Tarun) based on your business needs.
- Fill Out the Application Form: Provide accurate details about yourself and your business.
- Upload Documents: Submit scanned copies of the required documents.
- Submit the Application: After verifying the details, submit the application for processing.
Benefits of Applying Online
- Convenient and time-saving.
- Transparency in loan processing.
- Real-time status updates on your application.
For more details or to check your application status, visit the SBI Mudra portal or contact your nearest SBI branch.
Let me know if you’d like more specific guidance or help!
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