Archive for August, 2017

Mudra Loan Online Application Form

When the Modi govt had launched the scheme, everyone were happy and they will get collateral free loan for business starting business & expansion. People thought that the govt will launch MUDRA Bank for MUDRA lona but the govt had authoruzed to SIDDBI to design policy for MUDRA Loan and authorized all Nationalize bank and financial institutes to issue MUDRA Loan. We designed the so that we would provide you correct information about the process and procedure.

After the launch of we had started to receive several complaints that banks were not accepting request for MUDRA Loan & surprising the complaints against banks were increasing day by day. We were receiving complaints like banks not accepting loan request, delaying application, not providing loan form, demanding money, our quota had fulfilled, our branch had not authorized for mudra loan etc.

It was really serious matter because banks were not following the policy & it was damaging center’s image. We aware that bank had rights to deny loan application but before denying they had to follow some process first.

On our request center govt. & bank had issued some guidelines on it but the flow of complaints had not stopped. People were commenting about center govt. & we were sending all comments to Ministry of Finance for action. We followed the same process till one month & when we were never gotten any positive changes & response from there. We planned to design one loan application form so that you can apply mudra loan online and we can send the same form to concern bank officials so that they could send it to concern branch for action.

Now thousands of people have applied mudra loan online and we are forwarding the same to concern bank officials to take prompt action. After launch, we received several positive comments because banks were responding with TAT.

Friends, we request you that please do not pay anything for MUDRA loan or less interest rates & visit once your bank branch before applying mudra loan online.

Online MUDRA Loan Application Form. Online MUDRA Loan Application Form.

Tags:- Apply Mudra Loan Online, Apply PMJDY Mudra Loan Online, Online Mudra Loan Application, Apply PMMY Online, Mudra Yojana Application Online.

535 comments - What do you think?  Posted by JIAN - August 10, 2017 at 8:40 pm

Categories: MUDRA Application Form, Mudra Bank   Tags: , , , ,

State Bank Of India Pradhan Mantri MUDRA Loan Yojana (SBI)

Like other banks India’s number one bank State Bank Of India is also providing the MUDRA Loan under Pradhan Mantri MUDRA Yojana ie PMMY. The all branches of State Bank Of India is authorise to disburse loan under MUDRA Scheme. According to last year financial records State Bank of India had released the largest amount under MUDRA Loan.

Now you can apply mudra loan in State Bank of India at any branch. We are sharing the documents which you require for MUDRA Loan. SBI is asking to apply loan under below scheme.

  1. Shishu: Not More than ₹50,000.
  2. Kishore: Between ₹50,000 and ₹5,00,000.
  3. Tarun: Between ₹5,00,000 to ₹10,00,000.

Any individuals or firm can apply Mudra Loan in State bank of India at any branch & please don’t pay any money to get MUDRA Loan under PMMY. If someone is asking money to approve MUDRA Loan, Please let us know or write to senior officials of state bank of India.

State Bank of India is charging up to 12% interest in Mudra Scheme. As you know that the MUDRA Yojana is collateral free schemes & you no need to submit any guarantee for it.

We are sharing list of documents which you require to get Mudra Loan. Please follow the bank instructions because it may very bank to bank.  Please write us your comment & share your experience with us. It will help others to make process easy.

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity & age proof
  • Current Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

MUDRA LOAN is a purely commercial loan and can avail for any commercial activities and Branch Manager’s of State Bank of India will let you know in details.

We are sharing State Bank of India MUDRA Loan Application form for your convenience. Click here to download it. 

Tags:- SBI MUDRA Loan, MUDRA Loan SBI, State Bank of India PMMY, SBI Mudra Loan Application, Download SBI MUDRA Loan Form, Apply Mudra Loan in SBI Online, SBI MUDRA Loan application FORM. SBI MUDRA LOAN, PMMY SBI Loan, SBI MUDRA Loan Interest, SBI Mudra Loan Branch

29 comments - What do you think?  Posted by JIAN - at 12:26 pm

Categories: Bank, State Bank Of India, State Bank of India, Terms and Conditions   Tags: , , , , , , , , ,

Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)


Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

  1. Shishu: covering loans up to ₹50,000
  2. Kishore: covering loans above ₹50,000 and up to ₹5,00,000
  3. Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

Mudra Loans could be availed for the following

Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan

Business Installment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.

Business Loans Group Loans (BLG) and Rural Business Credit (RBC): We offer Drop line overdraft/Overdraft facility/Working capital loans

Documents Required for Pradhan Mantri Mudra Yojana

Vehicle Loans

  • Mudra application form
  • Vehicle loan application form
  • 2 passport size colour photographs
  • Photo Identity proof
  • Address proof
  • Income proof
  • Bank statement (last 6 months)

Business Installment Loan

  • Mudra application form
  • BIL application form
  • Photo identity proof
  • Address proof
  • Establishment proof
  • Bank statement (last 6 months)
  • Ownership proof of residence/office
  • Proof of continuity of business
  • Proof of qualification
  • Trade references

Business Loans Group and Rural Business Credit

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity and age proof
  • Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

Courtesy:- ICICI Bank

Tags:- ICICI Bank Mudra Loan, ICICI Bank Mudra Yojana, ICIC Bank MUDRA Bank, ICICI MUDRA Loan, ICICI Bank Mudra loan Documents, ICICI Bank Mudra loan Terms and Conditions, ICICI Bank MUdra Loan

4 comments - What do you think?  Posted by JIAN - August 8, 2017 at 11:16 am

Categories: Bank, ICICI Bank, ICICI Bank, Terms and Conditions   Tags: , , , , ,