Mudra Loan

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A MUDRA Loan is being provided under the MUDRA Yojana to the non-corporate and non-farming small and micro enterprises/ businesses. Loans upto INR 10 Lacs can be availed under the MUDRA scheme. Micro Units Development and Refinance Agency(MUDRA) is an NBFC supporting the development of small business owners in India.

The MUDRA loans are to be provided for income generating small business activities across manufacturing, processing, services or trading sectors and would cover all Individuals/ Proprietary Concerns/ Partnership Firms/ Private Limited Companies/ Entities of any other legal forms running as shopkeepers, artisans, self-help groups, manufacturing units, hawkers, professionals, service providers, etc.

The MUDRA Yojana can be extended under 3 categories as mentioned below:

Shishu : Offers loans upto INR 50,000.

Kishore : Offers loans above INR 50,000 and upto INR 5 Lacs.

Tarun : Offers loans above INR 5 Lacs and upto INR 10 Lacs.

Mudra Loan Eligibility

Mudra loan can be availed by the following entities:

  • Applicants with minimum age of 18 years and maximum 65 years
  • Business owners
  • Shopkeepers
  • Small Industrialists and Manufacturers
  • Individuals involved with Agricultural activities
  • Startup entrepreneurs
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Benefits of Taking MUDRA Loan

Here are the key features and benefits of MUDRA loan: