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. 50 Lakh. These loans are easy to qualify for and require minimal documentation.

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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