Mudra Loan Documents

What are the documents required for MUDRA loans?

The Pradhan Mantri MUDRA Yojana (PMMY) provides loans up to Rs.10 Lakh to micro and small enterprises of non-corporate, non-farming origin. Borrowers will require specific MUDRA loan documents for availing the following loan schemes:

1. Sishu
Loans up to Rs.50,000 for those that are starting their business or are in its initial stages.
2. Kishor
Loan up to Rs.5 Lakh for those that have an established business and are looking to expand it.
3. Tarun
Loans up to Rs.10 lakhs to those that satisfy specific eligibility criteria.
The various MUDRA loan documents required are:

Proof of identity
The MUDRA loan documents list includes 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
Proof of address documents required for MUDRA loan include:
• 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
Proof of business documents for MUDRA loan:
• 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 for the loan tenor
• Business report certifying economic and technical viability of the business

If your business has higher capital requirements, then Bajaj Finserv provides collateral-free business loans up to Rs.20 lakh to SMEs and MSMEs with only 2 documents required for processing.

Also Read: Mudra Loan Eligibility Criteria