Mudra Loan 2024 Apply Online, Eligibility, Maximum Amount The Government of India is providing Mudra Loan 2024 up to Rs.5 lakh to those Indians who want to start a new business. Apart from reducing unemployment, it will help in expanding economic opportunities in India. So, if you are also unemployed and want to start a new company with government assistance, then you can apply for Mudra Loan Registration 2024. You will get enough money from the government to start a new company. This article provides information about Pradhan Mantri Mudra Mudra Loan Eligibility Criteria 2024, key document list, application process and other details.
The Government of India has started its Mudra Loan 2024 and they have invited many banks to provide a good amount of loan to their eligible candidates. To get the amount under this scheme, you have to fulfill all the eligibility criteria set by the Government of India. Mudra Loan Scheme is for those candidates who want to start their new business on a small scale and they only need a minimum loan amount. Businesses like fruit-vegetable, taxi driver, tractor operator, general store etc. are included under this scheme. As we already know, business loans always come with a high interest rate and a maximum amount. If you want to go for it then they get the option to choose the minimum amount of loan with a low interest rate.
Mudra Loan 2024 Overview
| Scheme | Pradhan Mantri Mudra Loan 2024 |
| Government | Indian Government |
| Category | Small Business Loan |
| Amount | 50,000 to 10 Lakhs |
| Loan For | Taxi Drivers, Fruit Vendors, Vegetable Vendors and so on |
| Application Mode | Online and Offline |
| Category | Yojana |
| Official Website | https://www.mudra.org.in/ |
Maximum Mudra Loan Amount 2024
| Category | Maximum Mudra Loan Amount 2024 |
| Shishu Category | Up to 50,000 |
| Kishore Category | 50,000 to 5 lakhs |
| Tarun Category | 5 lakhs to 10 lakhs |
Eligibility Criteria for Mudra Loan 2024
Check the following Mudra Loan Eligibility Criteria 2024; if you meet them, you can do so easily:
- At the time of applying for a Mudra loan, the candidate must be at least eighteen years of age.
- Only Indians can apply for this loan.
- To get low Mudra loan interest rates, the applicant must have a high CIBIL score.
- The application must be used for any MSME-related activity, including manufacturing facilities and service providers.
- Your bank account must be linked to your Aadhaar and PAN card.
The applicant’s business information must be registered on the Udyam Sarkari Portal. - A valid GST number is required.
Documents Required For Mudra Loan Registration 2024
Following is the list of Documents Required For Mudra Loan Registration 2024.
- PAN Card
- Aadhar Card
- GST number details
- Business registration information
- Domicile certificate
- Category certificate ( if applicable)
- Udyam registration details
How to Apply Online for Mudra Loan 2024?
To apply online for Mudra Loan 2024, you can follow the steps given below.
- Visit the e-Mudra Loan website.
- One should click on the ‘Apply Now’ option on the homepage.
- After reading the instructions in Hindi or English, click “OK” to proceed to the next page.
- Enter the required loan amount, your SBI savings or current account number and your mobile number.
- Now click on the “Proceed” button.
- Upload the required files.
- Accept the terms and conditions of eMudhra, along with the electronic signature. To complete it:
- Enter the number from your Aadhaar.
- To allow your Aadhaar to be used for e-sign, check the relevant option.
- An OTP will be shared by the department on your registered mobile number.
- To complete your application, enter the OTP in the specified field.
- With less paperwork and quick approval, SBI’s e-Mudhra service makes it easy to get your loan approved.
