What are the documents required for MUDRA loans?

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The Pradhan Mantri MUDRA Yojana (PMMY) provides loans of up to Rs. 10 lakh to micro and small enterprises in the non-corporate and non-farming sectors. Borrowers are required to furnish a specific set of documents to avail funding. Here is a comprehensive list that you can refer to.

Proof of identity

Self-attested photocopies of:

  • Aadhaar card
  • PAN
  • Voter’s ID
  • Driving license
  • Passport
  • Valid photo ID card issued by a Government employer

Proof of address

  • Utility bill (electricity, telephone, water, gas, post-paid mobile phone, property tax)
  • Aadhaar card
  • Passport
  • Voter’s ID
  • Bank passbook or latest bank account statement attested by officials
  • Domicile certificate or certificate issued by a local government body (municipality, gram panchayat, etc.)

Proof of business

Certificate, license, registration, or any other documents confirming the business existence, address, and ownership.

Other MUDRA loan documents

  • Photos of the business owners, partners, etc.
  • Proof of SC, ST, OBC, etc.
  • Balance sheet of last 2 years
  • Income/ sales tax returns
  • Bank account statements
  • Partnership deed or memorandum and articles of association
  • Sales made during the current FY and up to the loan application filing
  • Estimated balance sheet for 1 year or the loan tenor
  • Business report certifying economic and technical viability of the business

For businesses with higher capital requirements, Bajaj Finserv provides SMEs and MSMEs with collateral-free business loans up to Rs. 45 lacs. These loans are easy to qualify for and require minimal documentation.

Disclaimer:
We have discontinued this product (MUDRA loan). Please reach out to us on +91-8698010101 to know more about the current financial services that we provide.

Also Read: MUDRA loan eligibility criteria

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