Shishu Loan

Shishu loan is a primary scheme of mudra bank and in that scheme, you can get upto 50,000 rupees 2 start your business. Now apply mudra Shishu loan online, today.

We are sharing details of documents which require to get MUDRA Shishu loan under PMMY MUDRA Bank Scheme. Please read the entire list carefully because of all the documents required for Mudra Bank Loan.

List of documents required for MUDRA Shishu loan

1. Proof of Identity:-

Voter I Card issued by the election commission, Valid Driving license, PAN Card of Applicant, Aadhaar card issued by UIDAI, Valid Passport or any Photo Identity card issued by the state or central govt.

2. Proof of Residence:-

Current Telephone bill, Current Electricity Bill, Current Property Tax Receipt/ Callahan, Proprietor’s documents/ Partners KYC/ Current Copy of Bank passbook/Statement attested by the bank, Domicile Certificate/ certificate issued by govt. or local authority and all above documents of serial No 1 except PAN Card &
Driving License.

3. Proof of category like SC/ST/OBC/Minority etc.

4. Valid Business Documents

Valid documents with the address of business/enterprise like GST Number, all require License, registration number/certificate, ownership documents etc.

5. 2 Color Current Photograph of Applicant.

6. Quotation of Equipment/Machinery/other items to be purchased.

7. Details of Suppliers/ equipment details with price & taxes.

We wish to confirm that bank will not charge any processing fee under Mudra Bank all loan category. It is a collateral free loan and it can repay upto 5 years. If someone is demanding money, please contact with bank official or write us at info (at) mudrabank.com.

Govt has decided to provide 2% relaxation in Shishu loan under PMMY Mudra Scheme. Now the rate of interest has been reduced 2% from current.

Apart that State bank of India is providing Shishu loan online under SBI e mudra loan via SBI official website. 

Note:- Bank to check CIBIL  datae before disbursing the loan. If you are the defaulter, the bank will not approve your loan.