How to get mudra loan, Eligibility, and Documents

By Startup Authority March 3

Are you wondering about "how to get mudra loan" Don't worry, In this article, we will help you to know everything about this like how to fill mudra loan application form and how to apply for a mudra yojana loan along with all documents and eligibility is required for loan

Before moving forward, we will help you are searching for the Lal path lab collection center franchise, pradhan Matri Jan Aushdhi yojna you check out over here.

Major Business Issues:

while starting a business, everyone needs money to invest in the business. If you will think about the Indian subcontinent, most of the people don't have too much amount to do business.

During the startup India business initiative, government bodies tried to do research to find how lower and middle family members are facing the issues while starting a new business in India. Post the research, Startup India imitative team found, that major or middle and lower class people are unable to start businesses due to lack of money.

That's the way when mudra yojana comes in the role.

Why we need mudra yojana Loan?

There are too many reasons by which we can come across the Pradhan Mantri mudra yojana. First, this is the government of India initiative.

Indian Government looking to make people powerful rather than 9 hrs job so they can help the high unemployment ratio's and so on.

Also, Read | How to Get PhonePe Loan?

Type of Mudra Loan :

There are three types of mudra loans available from the government side.

Shishu Loan
Kishor Loan
Tarun Loan

Let's try to understand which one will be best suited for your business.

1- Shishu loan

If you are looking to start your shop, dona pattal making business and related business stuff which comes under 50 to 60 thousand, this option will be better for you.

In this loan, you will get only and below 50,000 Rs to start your business

Also, Read | How to Get Dhani App Loan? Dhani Loan Kaise Le?

2- Kishor Loan:

This loan can be the best option for the middle class and similar classes. If you looking for a franchise business, Own food and restaurant cafe, Purified water franchise, water business, and related stuff that will be the best option.

In this type of Mudra loan, you will be only and only eligible to get up to 500,000 Rs as the loan amount.

3- Tarun Loan :

This will be best suited for those who want to start a business with product manufacturing. If you are looking to start your IT company, Digital marketing agency, Product based startup, Best companies franchise under 10 Lac, so you can choose the Tarun mudra loan.

In this loan segment, you will be eligible to get up to 10 Lac rupees loan.

Mudra loan eligibility documents:

To get the mudra loan, You have the below document ready before applying for the loan for your business or startup

Adhar Card
Business proposal
Residential proof
Current photo of applicant
Quotation and related stuff from machine buyers
Identity proof and business location
Cost certificate

Mudra loan eligibility :

if you are interested in Business credit then you must have to check the Mudra loan eligibility criteria. Here are the steps by which you can check the mudra loan eligibility.

Steps to check the mudra loan eligibility

Step -1 Open the link Meresarkarmeredwar website Url https://merisarkarmeredwar.in/

Fill the details are given above and click submit.

Step 2 :
Put you location and total family income and click on submit as given below

Step 3 In this step, you need to add you current status like you are dependent or Independent in term of income as given in below screen and submit the same

Post the submission of the above steps, you will get the total number of Schemes under which you can get the business cradit under mudra yojna

how to fill mudra loan application form

To Apply for mudra loan, you can do the below steps, Post the above screen page, selection a scheme under which you are going to apply for the mudra loan

Let's suppose, you have a plan to get apply for Pradhan Mantri Suraksha Bima Yojana, so select option one

Here clearly mentioned that you have to visit your nearest bank to fill the form under of the bank supervisor. Hope you guys are now able to understand how to get business loan for your business