SBI Mudra Loan 2025

SBI e-Mudra Loan

Existing SBI savings and current account holding customers can now apply for the SBI Mudra loan online. Loan applications for up to Rs.50,000 can be submitted on the SBI e-Mudra portal - https://emudra.sbi.co.in:8044/emudra.

Details of Pradhan Mantri Mudra Yojana Scheme

SBI Pradhan Mantri MUDRA Yojana (PMMY) offers loans up to Rs.10 lakh with a repayment tenure of up to 5 years. The loan categories signify the stage of development and funding needs of the applicant:

Documents Required for SBI e-Mudra Loan

The documents required based on loan categories are mentioned below: 

For Shishu Loan (up to Rs.50,000): 

1. ID Proof: Self-attested PAN, Aadhaar, Passport, Voter ID, driving license, or Govt. photo ID 

1. Address Proof: Recent utility bill, tax receipt, Aadhaar, Passport, Bank statement, or Govt. certificate 

1. Photographs: Two recent color photos (not older than six months) 

1. Quotation: Quote for machinery or item along pricing and supplier details. 

1. Business Proof: Relevant licenses or registration showing business ownership and address 

For Kishore, Tarun & Tarun Plus Loans (Above Rs.50,000 to Rs.20 lakh): 

1. ID Proof: Self-attested Voter ID, DL, PAN, Aadhaar, Passport 

1. Address Proof: Tax receipt, Aadhaar, latest utility bill, passport (for proprietor/partners/directors) 

1. Business Proof: Licenses or registrations verifying business ownership and address 

1. Two recent color photos (not older than six months) 

1. Applicant must not be a defaulter with any bank or financial institutions 

1. Last six months’ bank statement from current banker (if any) 

1. Last two years’ balance sheets with ITR or Sales Tax (for loan amount Rs.2 lakh and above) 

1. Projected balance sheets (1 year for CC; full term for TL) 

1. Current year sales till application date 

1. Project report to ensure technical and economic viability 

1. MOA or AOA for companies; Partnership Deed for firms 

1. If no third-party guarantee, asset and liability statement of borrower, directors, or partners required 

Who Can Apply? 

The applicants who can apply for SBI Mudra loan are listed below: 

1. Applicant must not be a defaulter with any bank or financial institution. 

1. Must have a good credit history. 

1. For the proposed business activity, the borrower should have relevant skills, experience, or knowledge . 

1. Educational qualifications, if needed, will depend on the nature and requirements of the proposed activity. 

Important Points to Note for SBI Mudra Loan 

The important terms and conditions related to SBI Mudra loan are mentioned below: 

1. Mudra loans are covered under the Credit Guarantee for Micro Units (CGFMU), facilitated by NCGTC (National Credit Guarantee Trustee Company Limited). 

1. The guarantee cover is valid for five years. 

1. Loan leads can be accessed by branches via the Udyami Mitra Portal (www.udyamimitra.in) using branch credentials. 

1. For all eligible Cash Credit (CC) accounts, branches must issue MUDRA RuPay Cards. 

Required Details for SBI e-Mudra Loan Application

To ensure that the application process is smooth, make sure you have the following details ready:

1. Your SBI savings/current account number
2. Aadhaar number: This is voluntary and is required to complete the e-KYC process instantly through the mobile app. However, if you do not wish to provide your Aadhaar number online, your application will be manually processed at the SBI branch.
3. Business details: This includes the name and address of your business and its start date and is used to verify your business location.
4. Religion and community: This is a part of SBI's credit policy.
5. Sales figures: Sales turnover figures.
6. Business account: Account number, bank, and branch name where your business' sales proceeds gets credited.

Who Can Apply?

1. Both existing and new units can avail the Pradhan Mantri Mudra Yojana loan.
2. Business enterprises that are engaged in manufacturing goods can avail this loan
3. Individuals who are employed in the trading and services sector can apply for the PMMY loan.
4. Those who participate in allied agricultural activities can apply for this loan.

How to Apply for SBI e-Mudra Loan Online? 

The details required to apply for the SBI e-Mudra loan online and the process for application are mentioned below: 

Pre-requisites for Enrolment: 

1. Address proof 

1. Valid ID proof 

1. Applicant’s signature 

1. Passport-size photograph 

1. Proof of identity or address for the business enterprise 

Application Process for PM Mudra Loan (via Udyamimitra Portal): 

Initial Steps: 

1. Visit the official website PM Mudra 

1. Select the Udyamimitra portal 

1. Under the Mudra Loan section, click on “Apply Now”  

1. Choose your applicant category either New Entrepreneur, Existing Entrepreneur, or Self-employed Professional 

1. Enter your name, email ID, and mobile number 

1. To complete registration, generate and verify OTP  

Post Registration Steps: 

1. Fill in personal and professional details 

1. Choose if assistance is required: 

1. If yes, select a hand-holding agency for help with project proposals 

1. If no, proceed to the Loan Application Center 

1. Select the required loan category, such as Mudra Shishu, Mudra Kishore, Mudra Tarun or Tarun Plus. 

1. Enter business information, such as business name and activity and industry type (Manufacturing, Services, Trading, or Allied Agriculture) 

1. Provide additional details, such as owner’s information, existing banking or credit facilities, proposed credit facilities, business projections, and preferred lender 

1. Upload necessary documents, such as ID proof, Address proof, Proof of identity/address for the business, applicant’s photo and signature. 

1. Submit the application 

1. An application number will be generated and keep this number for future reference. 

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