Documents required to apply for Mudra Loan: Check details here
India TodayA financial and support provider, MUDRA loan under Pradhan Mantri Mudra Yojana can be availed from your nearest bank, NBFC, MFIs, etc. Pradhan Mantri Mudra Yojana focuses on the development and growth of the non-corporate, micro, and small enterprises whose credit needs are below 10 Lakh. These products cover loan amounts as below: Shishu: covering loans up to 50,000 Kishore: covering loans above 50,000 and up to 5,00,000 Tarun: covering loans above 5,00,000 and up to 10,00,000 Documents required to apply for a Mudra Loan: There are sets of documents as per specific loan requirements. Vehicle Loans: Duly filled Mudra application form Vehicle loan application form 2 passport size color photographs Identity Proof: Passport, Voter’s ID card, Driving License, PAN card, Adhaar Card Address Proof: Voter’s ID card, Utility Bills, Passport, Driving License, Property Papers, Rent agreement Income Proof: Last 6 months’ salary slip, Last years’ ITR/Sales Tax returns Bank statement Business Installment Loan: Duly filled Mudra application form Duly filled Business Instalment loan application form Photo identity proof Address proof Establishment proof Bank statement Ownership proof of residence/office/store Proof of continuity of business Proof of qualification Trade references Income Tax Return documents of 2 years CA certified financials Business Loans Group and Rural Business Credit: Duly filled Mudra application form Duly filled Business Instalment loan application form Duly filled Rural Business Credit application form Photo identity, age proof Address proof Ownership proof of residence/office Business vintage proof Bank statement Income Tax Return documents of 2 years READ: Home loan interest rates: Check the latest rates of top banks