Required Documents for Mudra Loan

Mudra is the short form of Micro-Units Development and refinances Agency. This scheme was launched by PM Narendra Modi. The main aim of this scheme is to provide loans for small businesses. The Mudra loan will not provide for starting a business but also sanctioned to improve the existing business. This article provides information about the required documents for Pradhan Mantri Mudra Yojana.

Required documents for Mudra Loan:

Vehicle credit:

  • Mudra Loan Application form
  • 2 recent passport size photos
  • Vehicle loan application form
  • Income proof
  • Address proof: Passport, Voter Card, Aadhar, telephone bill, electricity bill
  • Identity proof: Voter ID card, Passport, Driving license, Aadhar card, PAN
  • Bank statement for last 6 months

Business Installment credit:

  • Mudra loan application form
  • Photo identity proof
  • BIL application form
  • Ownership proof of residence or office
  • Address proof: Passport, Voter Card, Aadhar, telephone bill, electricity bill
  • Bank statements for last 6 months
  • Establishment proof
  • Proof of continuity of business
  • Proof of qualification
  • Trade reference

Business loan group and Rural Business credit:

  • Mudra Loan application form
  • Photo Identity proof: Voter ID card, Passport, Driving license, Aadhar card, PAN
  • BIL or RBC application form
  • Age proof
  • Business Vintage proof
  • Ownership proof of office or resident
  • Income tax return for the last 2 years
  • Address proof: Passport, Voter Card, Aadhar, telephone bill, electricity bill
  • Bank statement for the last 12 months

Where to avail the Mudra loan:

At present, Mudra loans offer in 27 Public sector banks, 31 Regional rural banks, 17 Private sector banks, 36 Microfinance institutions, 4 co-operative banks, and 25 non-banking financial institutions