The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises. These enterprises can avail loans up to Rs.10 Lakh under the MUDRA (Micro Units Development & Refinance Agency Ltd.) scheme. sbi e mudra loan is available for person who have current account in sbi bank ; one can get maximum loan upto 1 lac from e muda loan scheme.
Features of the Pradhan Mantri Mudra Loan Yojana:
| Mudra Loan Amount | Maximum loan amount Rs. 10 lakh – Shishu Loan upto Rs. 50,000 – Kishore loan: – Rs. 50,001 to Rs. 500,000 – Tarun Loan :- Rs. 500,001 to Rs.10,00,000 |
| Processing fee | Nil for Shishu and Kishore loan,
Whereas 0.5% of the loan amount for the Tarun loan |
| Eligibility Criteria | New and existing units |
| Repayment period | 3 –5 years |
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