What are the documents required for MUDRA loans?
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* (*Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees). 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
