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MUDRA Loan Documents

MUDRA loans are collateral-free business loans provided under the Pradhan Mantri Mudra Yojana (PMMY) scheme for micro-enterprises in trading, manufacturing, service sectors, and agricultural activities. Applicants seeking a MUDRA loan should ensure that all required documents are complete and up-to-date to avoid delays or rejection during the approval process. Read on to know more about the MUDRA loan documents required.
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Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

MUDRA Loan Documents Required: Shishu

Shishu Loan Application Checklist

Document Type Accepted Documents
Proof of Identity Self-attested copy of Voter ID, Driving Licence, PAN Card, Aadhaar Card, Passport, Photo IDs issued by Government authorities
Proof of Residence Recent telephone bill, electricity bill, property tax receipt (not older than 2 months), Voter ID, Aadhaar Card, Passport (Individual/Proprietor/Partners), Bank passbook or latest account statement attested by bank officials, Domicile certificate, Certificate issued by Government authority/Local Panchayat/Municipality
Photographs Applicant’s recent photographs (2 copies), not older than 6 months
Quotation of Machinery/Items Quotation of machinery or other items to be purchased
Supplier & Item Details Name of supplier, details of machinery, price of machinery and/or items to be purchased
Business Identity/Address Proof Licenses, registration certificates, and any documents proving ownership, identity, or address of the business unit
Category Proof (if applicable) Proof of category such as SC / ST / OBC / Minority

For more details, click: Document Checklist for MUDRA Shishu Loan

MUDRA Loan Documents Required: Kishor & Tarun

Kishor & Tarun Loan Application Checklist

Document / Requirement Details
Proof of Identity Self-attested copy of Voter ID / Driving Licence / PAN Card / Aadhaar Card / Passport
Proof of Residence Recent telephone bill, electricity bill, property tax receipt (not older than 2 months), or Voter ID / Aadhaar Card / Passport of Proprietor/Partners/Directors
Proof of Category SC / ST / OBC / Minority certificate (if applicable)
Proof of Business Identity & Address Relevant licences, registration certificates, or any documents showing ownership, identity, and address of the business
Creditworthiness Declaration Applicant should not be a defaulter with any bank or financial institution
Bank Account Statement Last six months’ statement from the existing banker, if any
Financial Statements (for loans ≥ ₹2 lakh) Last two years’ balance sheets with Income Tax and Sales Tax returns
Projected Financials (for loans ≥ ₹2 lakh) One-year projections for working capital; full-tenure projections for term loans
Current Year Sales Sales achieved during the current financial year up to the application date
Project Report Technical and economic viability report of the proposed project
Constitution Documents MOA & AOA / Partnership Deed / other entity documents
Asset & Liability Statement Required when no third-party guarantee is provided; includes details of Borrower/Directors/Partners
Photographs Two recent passport-size photographs of the Proprietor/Partners/Directors

Note: Tarun Plus is offered to only those borrowers who have successfully repaid their loans under the Tarun category. Lenders may ask for additional documents for the Tarun Plus category apart from the above-mentioned ones.

Common Mistakes to Avoid

Avoiding common pitfalls while submitting your MUDRA loan eligibility documents can help prevent delays or rejections in loan approval. Let’s take a look at a few common mistakes to avoid:

Outdated or Mismatched KYC Documents

  • Aadhaar, PAN, and bank details not matching
  • Old address proofs submitted
  • Unreadable or expired ID proofs
  • Result: Lenders face difficulties in the verification of loan documents, causing delays.

Blurry or Poor-Quality Document Scans

  • Low-resolution uploads
  • Cropped pages or unclear stamps
  • Shadowed or tilted images
  • Result: Such mistakes result in immediate rejection by lenders

Old Bank Statements or Expired Quotations

  • Bank statements older than 3–6 months
  • Outdated machinery quotations
  • Result: Affects loan assessment for MUDRA loans requiring updated financial records.

Missing Business Registration Proof

  • No GST certificate, Udyam Registration, partnership deed, or incorporation proof
  • Result: Creates doubt about the legitimacy of the business for loan processing.

Incomplete Financial Documents

  • Missing pages in the balance sheet or P&L
  • Non-CA-certified financials where required
  • Partial bank statements
  • Result: Makes lenders unable to evaluate repayment capacity for business loans.

Not Submitting Eligibility-Specific Documents

  • Missing guarantor KYC
  • Not submitting turnover or GST details
  • Result: Delays approval of Mudra loan applications.

About Mudra Loan

Under the Pradhan Mantri MUDRA Yojana, MUDRA loans are offered to micro-enterprises to support the growth and development of their businesses.  Based on the growth phase and development stage of these businesses, as well as funding requirements, MUDRA loans are available in four categories: Shishu, Kishor, Tarun and Tarun Plus.

  • Shishu Category: Loans up to Rs. 50,000
  • Kishor Category: Loans from Rs. 50,001 to Rs. 500,000
  • Tarun Category: Loans from Rs. 500,001 to Rs. 10,00,000
  • Tarun Plus: Loans from Rs. 10,00,001 to Rs. 20,00,000

Avail Business Loan For
All Your Needs

How Can I Apply for a Business Loan Online?

Get up to 1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Avail Business Loan For
All Your Needs

FAQs

Yes, you can apply for a MUDRA loan without income proof, especially for the Shishu category. However, for other categories, income proof may be required.

A PAN card is not mandatory for applying for a MUDRA loan. However, you will need to provide other valid documents like Aadhaar, Voter ID, etc, for KYC.

No, usually the main business address proof is sufficient. Additional addresses may be asked for verification only.

Identify the problem or the specific reason for rejection. Fix the problem and resubmit with proper documentation.

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