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:
Loans up to Rs.50,000 for those that are starting their business or are in its initial stages.
Loan up to Rs.5 Lakh for those that have an established business and are looking to expand it.
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
• Voter’s ID
• Driving License
• Valid photo ID card issued by a Government employer
Funds to upgrade machinery
Up to Rs. 32 lakh | Pay only interest as EMI
Manage operational expenses
Up to Rs. 32 lakh | Flexible tenor options
Hassle-free finance for your enterprise
Up to Rs. 32 lakh | Approval in 24 hours
Avail customized loans
Up to Rs. 32 lakh | Minimal documentation