Mudra Loan Schemes and Applications Procedure

Micro, Small & Medium Enterprises Division
Head Office, Atma Ram House, New Delhi-110001
(Tel: 011-23359557; e-mail: sme@pnb.co.in)


MUDRA LOANS

 “Activities allied to Agriculture” e.g. pisciculture, beekeeping, poultry, livestock rearing, grading, sorting, aggregation agro industries, diary, fishery, Agriclinics and Agribusiness centers, Food & Agro-Processing, etc. (excluding crop loans, land improvement such as canals, irrigation, wells ) and services supporting these, which promote livelihood, are also be eligible for coverage under PMMY w.e.f. 2016-17.

 However, funding under the “Activities allied to Agriculture” category is done as per the Bank’s existing Allied agriculture schemes and the terms and conditions, Margin, Collateral, Repayment, Rate of Interest shall be as per the guidelines of RBI / Bank.

 Any individual / proprietary concern / partnership firm / company / association of persons (AOP) / limited liability partnership (LLP) / etc., not a defaulter to any Bank / Financial Institution is eligible for Mudra loan .

 Following are the three variants of the MUDRA loans :
1. Shishu (upto Rs. 50,000)
2. Kishore (above Rs. 50,000 to Rs. 5 lakh)
3. Tarun (above Rs. 5 lakh to Rs. 10 lakh)
 Rate of Interest : The rate of interest applicable to the MSME units is in the range of MCLR
to MCLR +2.25% (subject to change, as per Govt /RBI guidelines, issued from time to time)


 Application forms :

1. Shishu Category :
For Hindi Application Form
https://www.pnbindia.in/document/SMEBanking/HO_MSME_PMMY_Form_Hindi.pdf

For English Application Form
https://www.pnbindia.in/document/SMEBanking/HO_MSME_PMMY_Form_English.pdf
2: Kishore / Tarun Category (Bilingual Form)
https://www.pnbindia.in/document/SMEBanking/HO_MSME_Bilingual_Common_Loan_
Application_form_PMMY.pdf

 LIST OF BASIC DOCUMENTS

SHISHU

1. Proof of identity i.e. Self certified copy of Voter’s ID card / Driving License / PAN Card
/ Aadhaar Card / Passport / Photo Ids, issued by Govt. authority etc.

2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt /
Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners,
Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.

3. Applicant’s Recent Photograph (2 copies) not older than 6 months.

4. Proof of SC/ST/OBC/Minority, if applicable.

5. Proof of Identity / Address of the Business Enterprise , if available.

6. Statement of Account from the existing Banker, for the last six months, if any.

7. Quotation of Machinery / other items, to be purchased.

KISHORE / TARUN

1. Proof of identity i.e. Self certified copy of Voter’s ID card / Driving License / PAN
Card / Aadhaar Card / Passport / Photo Ids issued by Govt. authority etc.

2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt /
Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners,
Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.

3. Proof of SC/ST/OBC/Minority, if applicable.

4. Proof of Identity / Address of the Business Enterprise – Copies of relevant Licenses /
Registration Certificates / lease or Rent agreement/ Other Documents pertaining to
the ownership, identity of address of business unit / Udyog Aadhaar Memorandum.


5. Statement of Account from the existing Banker, for the last six months.

6. last two years unaudited balance sheets of the existing units, along with income tax
/sales tax returns etc. (Applicable for loans of Rs. 2 lakh and above).

7. Projected balance sheets of start-ups / existing units for one year, in case of working
capital limits and for the period of the loan in case of term loan (Applicable for loans
of Rs. 2 lakh and above).

8. Sales achieved during the current financial year, up to the date of submission of
application (in case of existing units).

9. Proforma Invoices / Quotations for the assets to be purchased and estimates for the
civil works, if any to be undertaken. Aspect of technical feasibility and economic
viability may be discussed with borrower, if felt necessary.

10.Asset & Liability statement of the borrower including, Directors & Partners.

11.Memorandum and Articles of association of the company/Partnership Deed of
Partners etc., wherever applicable.

12.Photos (two copies) of applicant / Proprietor / Partners / Directors not older than 6
months.

Note : The above list of Basic Documents is only indicative in nature and not
exhaustive. Additional documents be obtained as per necessity on merit of each
case, depending upon the local requirements.

Source:

https://www.pnbindia.in/downloadprocess.aspx?fid=aodJyu551B2kx/UTaoEtiA==


Actual application download from:

https://www.syndicatebank.in/downloads/Application_form_shishu_English_29102015.pdf


Mudra Loan Margin

Shishu category loan - Nil
Kishor and Tarun - 25%

Types of Loan - Cash credit/overdraft for working capital
                          Term Loan - for equipment

https://www.idbi.com/idbi-mudra-loan.asp