MUDRA Loan Application Form

MUDRA Loan Scheme under Pradhan Mantri Mudra Yojana (PMMY) is an initiative by the Govt. of India to offer credit facilities to individuals, business owners, self-employed professionals, and MSMEs with the help of Banks/NBFCs, etc. Under the PMMY scheme, business entities can avail collateral-free business loans up to Rs. 10 lakh with a repayment tenure of up to 5 years. The interest rates offered by financial institutions may differ from one bank to another. The processing fee charged by banks is Nil to nominal.

Find below links to download application forms along with some important information and guidelines regarding Mudra loan application form.

The MUDRA loan application form for the Shishu category is separate, whereas for the Kishor and Tarun category the loan form is common.

To fill Mudra loan application form, applicants need to fill in the following details as requested in the loan form:

After filling all the details, applicants need to attach all the documents to be submitted along with the application form. Further, applicants need to visit the nearest bank branch offering Mudra loan to submit the loan application form and proceed with loan formalities with the bank’s representative.

MUDRA loan scheme was launched by the Government of India to help individuals, self-employed professionals and MSMEs with the following purposes:

There is one exclusive ‘MUDRA Loan Application Form’ for ‘Shishu’ category available on the same website. This is much shorter than the general form since many sections do not apply at the inception of the business, a stage for which ‘Shishu’ loan is approved. ‘Shishu’ loan requires no processing fee and does not require any collateral. Repayment period could be extended up to 5 years.

A list of the required documentation is mentioned towards the end of the form. Applicants have to furnish the pertinent documents based on the type of loan and the type of business they are applying for. These include:

Under PMMY, MUDRA loans are offered through Private and Public Sector Banks, NBFCs, Small Financial Banks (SFBs), Cooperative Banks, etc. Mudra loan can be availed by individuals, startups, self-employed professionals, MSMEs, business owners, etc.