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 1. Description Description
1. What is the SBI e-
MUDRA Loan scheme?
What is the SBI e-MUDRA Loan scheme?
2. Features of the SBI e-MUDRA
Loan The State Bank of India is the largest public sector bank in the country and one of the
3. SBI e-MUDRA Loan largest loan providers in the business loan segment. Under the MUDRA loan category,
1. SBI e-Mudra Loan the bank o ers its low-cost business loan to prospective business owners falling under
Eligibility the micro and small enterprise category as de ned by the Ministry of Micro, Small and
4. Documentation required for Medium Enterprises.The business loan which is o ered under the MUDRA yojana is an
SBI e-MUDRA economical business loan with minimal processing fees and no additional costs
attached to it.
1. For Kishore and Tarun
category;
The business loan which is o ered under the MUDRA yojana is an economical
5. How to apply for the SBI e- business loan with minimal processing fees and no other miscellaneous cost or
MUDRA Loan charges attached to it. Any person who is willing to borrow a certain amount of money
6. Noteworthy points regarding in order to fuel their ongoing working capital inadequacy or to establish a new
the SBI e-MUDRA Loan business venture (small scale manufacturing unit or a shop/stall). The proceedings
1. MUDRA RuPay Cards from the loan can only be used for business purposes and the documents proposing a
2. capital requirement are to be furnished with the personal loan application. 
7. Types of SBI e-MUDRA Loan  
1. Shishu Loan
2. Kishore Loan
3. Tarun Loan
Features of the SBI e-MUDRA Loan
8. Who can apply for SBI e-
MUDRA Loan?
9. FAQs Here are some of the key features of the SBI e-MUDRA Loan:

SBI e-MUDRA Business Loan 2020

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 Rate of Interest & Processing
Want to apply for a
Fees 8.40% to 12.35% per annum
Nil for Shishu and Kishore to MSE Units
Personal Loan
For Tarun: 0.50% (plus applicable tax) of Loan
amount
Business Loan

Education Loan

Car Loan For Shishu – Up to ₹ 50,000

Eligible Loan Amount For Kishore – From ₹ 50,000 to ₹ 5,00,000
Home Loan
For Tarun – From ₹ 5,00,000 to ₹ 10,00,000

Eligibility Criteria New and Existing Micro & Small Enterprises

Loans by Type

For Shishu & Kishore – Nil 

PSB loans in 59 minutes Processing Fees
For Tarun – 0.5% of the loan amount + Tax
MUDRA Loan Eligibility Criteria

SBI Doctor Loan

Post 6 months moratorium period;
Startup Business Loan Repayment Tenure
12 months to 60 months
MSME Loan

ZipLoan: Unsecured Business

Loan Up to ₹ 50,000 – Nil 
Margin Amount
From ₹ 50,000 to ₹ 10,00,000 – 10%

Security Type No collateral or security required

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 SBI e-MUDRA Loan

For all applicants who are currently holding their savings or current account with the
State Bank of India, can apply for a business loan under the MUDRA scheme with the
SBI’s e-MUDRA portal.

With the help of this portal, an existing SBI customer can apply for a business loan of
up to ₹ 50,000 instantly. 

Before applying for MUDRA loan through SBI, one must go through the basic eligibility
requirements for a successful application as well as the documents required by the
bank for the loan approval.

SBI e-Mudra Loan Eligibility

The applicant should be aged between 18 and 60 years

The deposit account must be active for the last 6 months or more
The business must be in non-corporate & non-farm activities
The applicant must be a resident at their current location for the last 2 years

Documentation required for SBI e-MUDRA

As we all are aware that there are 3 major categories under the MUDRA yojana,
therefore the requirement of documents might vary from one category to another. In
this case, the documents required for the ‘Shishu’ category are as follows;

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 Registration certi cate of GST
Shop & Establishment Certi cate
Udyog Aadhar details
SBI account details

For Kishore and Tarun category;

Identity Documents (PAN, Aadhar Card, Voter ID, Passport etc.)

Proof of Residence (Utility bills, Property Tax receipt, Passport etc.)
Bank Statements (For the last 6 months)
Price Quotations (In case of machinery or equipment purchase)
Business ID (Aadhar & proof of establishment)
Pro t & Loss statement for the last 2 years (Majorly for revenue from sales activity)
Balance Sheet statement (For the last 2 years and Projections for the next year)
Partnership Deed and Legal Arrangement documents
Passport size Photographs of individuals applying for the loan

Particulars Shishu Loan Kishore & Tarun Loan

Identity Aadhar/Voter ID PAN, Aadhar Card, Voter ID, Passport

Income ITR (Last 3 years)

Pro t & Loss account for the last 2 years

(For revenue in business)

Balance Sheet statement

(For the last 2 years and Projections)

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 Passport/Driving
Residential Utility bills, Property Tax receipt, Passport etc.
License

Shop Establishment Partnership Deed and Legal Arrangement

Establishment
Certi cate documents or COA/MOA

Bank Details SBI Account Bank Statements (For the last 6 months)

Price Quotations

(In case of machinery or equipment purchase)

Udyog Aadhar
Others
GST Registration Individual ITRs (In a partnership rm)
Director’s ITR (In a Private limited
Company)

How to apply for the SBI e-MUDRA Loan

The State Bank of India ensures that its customers can utilize and avail all major
services with ease and by both online and o ine sources. The process involved in
applying for a business loan under the MUDRA yojana is equally hassle-free. The bank
has established a separate page where an applicant can apply and submit the
required documents accordingly. The steps to apply for a MUDRA Loan through SBI
are:

Visit the SBI’s e-MUDRA portal through your mobile or computer

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 On the rst page, click ‘Proceed’ to start the process

On the next page, read the instructions to use the e-MUDRA application and
proceed with ‘OK’

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 To start the application, enter your basic details; Registered Mobile Number and
SBI Savings/Current account number, followed by the desired loan amount

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 Once you proceed, the next page displays the detailed application form. Fill in the
details and choose using drop-down menu
Upload the documents as directed on the page
Click on ‘I Accept’ for Terms & Conditions followed by the e-Sign
To proceed with e-Sign; Enter your Aadhar details and verify using OTP (One Time
Password)
Upon successful Aadhar veri cation, the application is duly forwarded to the
MUDRA loan department

Noteworthy points regarding the SBI e-MUDRA Loan

1. All the loans that are being o ered under the MUDRA yojana are secured by the
Credit Guarantee for Micro Units (CGFMU) and also guaranteed by the National
Credit Guarantee Trustee Company (NCGTC)
2. The guarantee provided by the CGFMU & NCGTC are limited to a repayment
tenor of under 5 years/60 months
3. SBI o ers MUDRA RuPay Cards to all the customers who have taken a loan under
the MUDRA Yojana

MUDRA RuPay Cards

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 All the bene ciaries of the MUDRA Yojana are entitled to receive a MUDRA debit card
to be provided by their respective bank from where they have availed the business
loan facility. This card can be used to withdraw funds at the time of need like any other
ATM cum Debit card. However, the withdrawal limit of these cards is di erent as per
the loan category. As shown in the table below;

Limit Type Shishu Category Kishore Category Tarun Category

Daily Cash Withdrawal ₹ 10,000 ₹ 15,000 ₹ 20,000

Daily POS Transaction ₹ 15,000 ₹ 25,000 ₹ 30,000

Types of SBI e-MUDRA Loan

The SBI e-MUDRA loan is generally categorized between 3 di erent types based on the
amount of funds required and the nature of business. For providing MUDRA Loans
starting from ₹ 10,000 and up to ₹ 10 Lakh, loans are categorized according to the
amount required by the borrower for a speci c activity.

The three major categories are:

1. Shishu Loan
2. Kishore Loan
3. Tarun Loan

Shishu Loan

Generally known as the basic category, the loans of smallest amount are
processed as the Shishu Loans, starting from ₹ 10,000 up to ₹ 50,000.

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 Kishore Loan

Mostly termed as the loan for working capital requirements of a medium or

small-scale business unit. Under this category, SBI o ers loans starting from ₹
50,000 up to ₹ 5 Lakh.

Tarun Loan

Under this category of loan, SBI o ers loans starting from ₹ 5 Lakh up to ₹ 10
Lakh. The proceedings from the loan can be utilized for expanding the existing
business or to buy equipment as a part of expansion.

Scheme
Shishu LOAN Kishore loan Tarun loan
type

Term
Loan Type Term Loan Loan/Working Term Loan/Working Capital
Capital

₹ 10,000 to ₹ 50,000 to ₹ 5
Amount ₹ 5 Lakh to ₹ 10 Lakh
₹ 50,000 Lakh

6 to 12
Repayment 12 to 36 months 12 to 60 months
months

Processing
Nil 0.50% + Tax 0.50% + Tax
Fee

Margin Nil 10.00% 10.00%

Collateral Nil Nil Hypothecation of Plant, Machinery,

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 Stock and Receivables

Who can apply for SBI e-MUDRA Loan?

As the loans o ered under the MUDRA yojana are business loans, which makes it very
easy for the Non–Corporate Small Business Segment (NCSB) to avail these loans. It
might include millions of proprietorship (Individual)/partnership rms running as small
manufacturing units, service units, shop or may be stalls. Anyone who is a shopkeeper,
fruits/vegetable vendor, truck operator, food-service units, repair shop, food
processors and others, both in rural and urban areas.

FAQs

Q1 Who are the eligible bene ciaries of SBI MUDRA loans?

Non–Corporate Small Business Segment (NCSB) which comprises millions of

proprietorship/partnership rms operating as small manufacturing units, service
sector units, shop and stalls.

Q2 What kind of borrowers are eligible for nancial assistance from MUDRA Yojana?

Anyone who is a shopkeeper, fruits/vegetable vendor, truck operator, food-service

units, repair shop, food processors and others, both in rural and urban areas.

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 Q3 I have a small business of biodegradable goods. Can SBI MUDRA help me?

The MUDRA loans are available through 29 di erent Banks/NBFCs/MFIs for all the
activities that come under all kinds of manufacturing, trading, and services sectors.

Q4 What are the categories under the MUDRA loan scheme?

MUDRA Loans are majorly categorized into Shishu, Kishor and Tarun depending on
the scale of the business.

Q5 I have recently graduated. How can SBI MUDRA loan help me to start my own
business?

SBI MUDRA loans are made available in three major categories which are Shishu,
Kishore and Tarun. Depending on the business and its requirements, the State Bank
of India provides loans under MUDRA yojana once you submit a business plan.

Q6 Who monitors the implementation of Pradhan Mantri MUDRA Yojana?

Monitoring and regulation of PM MUDRA Yojana along with its progress will be done
through SLBC forum at the state level and by MUDRA – Department of Financial
Services, Government of India at the national level.

Q7 Is there any subsidy being extended under PM MUDRA Yojana? If so, details
thereof?

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 There is no particular subsidy being provided for the loan given under PM MUDRA
Yojana. However, if the loan proposal is linked to some other Government scheme
like Kamdhenu or others, wherein the Government if providing capital subsidy, it will
be eligible under PM MUDRA Yojana as well.

Q8 Is there a need to provide a security or collateral against the SBI MUDRA loans
from the SBI?

As per the recommendations of the Reserve Bank of India for reviewing the Credit
Guarantee Schemes for Micro Small Enterprises all the partner banks and other
institutions have been mandated not to insist for any collateral or security for loans
up to ₹ 10 Lakh extended to the units in the Micro & Small Enterprises sector.

Q9 Is Khadi business activity eligible for a business loan under the SBI MUDRA loans?

Under every possible scenario, Yes. MUDRA loans are applicable for any activity which
results in income generation. As Khadi is one of the eligible activities under the
Textile sector and in case MUDRA loans are taken for income generation, the same is
deemed eligible for all three types of SBI MUDRA loans.

Want to apply for a

Personal Loan

Business Loan

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 Education Loan

Car Loan

Home Loan

Loans by Type

PSB loans in 59 minutes

MUDRA Loan Eligibility Criteria

SBI Doctor Loan

Startup Business Loan

MSME Loan

ZipLoan: Unsecured Business

Loan

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