Mudra Loan 2024 Apply Online, Eligibility, Amount The Mudra Loan (Micro Units Development and Refinance Agency) is a government initiative aimed at providing financial support to small and micro enterprises, particularly in sectors like manufacturing, services, and retail. The loan is meant to encourage entrepreneurship, support small business owners, and contribute to job creation in India.
In 2024, the eligibility criteria for a Mudra Loan are generally the same as in previous years, though they may be subject to slight changes depending on specific government policies or initiatives.
Mudra Loan 2024 Overview
| Scheme | Pradhan Mantri Mudra Loan 2024 |
| Government | Indian Government |
| Category | Small Business Loan |
| Amount | 50,000 to 10 Lakhs |
| Loan For | Taxi Drivers, Fruit Vendors, Vegetable Vendors and so on |
| Application Mode | Online and Offline |
| Category | Yojana |
| Official Website | https://www.mudra.org.in/ |
Maximum Mudra Loan Amount 2024
| Category | Maximum Mudra Loan Amount 2024 |
| Shishu Category | Up to 50,000 |
| Kishore Category | 50,000 to 5 lakhs |
| Tarun Category | 5 lakhs to 10 lakhs |
Eligibility Criteria for Mudra Loan 2024
- Age Range: Applicants should be between 18 and 65 years old. This age range eligibility criteria ensures that applicants in all legal and able age groups can participate in the economy. This also helps with employment generation among the youth.
- Loan Amounts: Ranges from Shishu Yojana (up to Rs.50,000) to Tarun Yojana (up to Rs.10 lakhs). . Under Mudra Yojana, the loan can be availed for a variety of purposes and the loan amounts are designed under each plan in such a way that capital requirement is fulfilled for varied purposes, be it to start a new business, fund working capital or to expand into new locations and product lines.
- Industry Type: Open to individuals and enterprises in manufacturing, trading, and services.
- Company Status: Available for both new startups (Shishu) and existing businesses looking to expand (Kishor and Tarun). Depending upon the business type, scale, and the loan requirement, a business can apply for a loan under the applicable mudra loan category.
- Operational Area: Nationwide, supporting rural and urban enterprises.
Documents Required For Mudra Loan Registration 2024
Following is the list of Documents Required For Mudra Loan Registration 2024.
- PAN Card
- Aadhar Card
- GST number details
- Business registration information
- Domicile certificate
- Category certificate ( if applicable)
- Udyam registration details
How to Apply for Mudra Loan Registration 2024?
If you want to take a loan under Pradhan Mantri Mudra Loan Yojana, then follow the steps given below:
- First of all, you have to visit the official website of the scheme.
- There you will see the options of Shishu, Kishor and Tarun loans.
- Click on the loan you want.
- Then you will get the link of the application form, click on it.
- Download the application form as a PDF and take a printout of it.
- Fill the form carefully and attach all the required documents.
- After this, submit this form to the nearest bank branch.
- After verification, the loan amount will be deposited in your bank account.
Important Links
| Official Website | Click Here |
| Home Page | Click Here |