SBI E Mudra Loan 2022| Where Can I Apply for SBI E Mudra Loan 2022?
Where Can I Apply for SBI E Mudra Loan 2022: Under This Article, We Shall Discuss All Important Facts About SBI E Mudra Loan 2022.
SBI E Mudra Loan 2022
SBI E Mudra Loan 2022 under the guidance of Micro-Units Development and Refinance Agency (MUDRA)to individuals, -employed professionals, and Micro, to business loans and working capital loans Under the Mudra scheme, SBI provides business loans and MSME loans up to Rs. 10 lakhs.
SBI E-Mudra Loan 2022 Apply Online 50,000| Is SBI E-Mudra Loan 2022 Available?
SBI E Mudra Loan 2022 can be applied for and can be availed online for an amount up to Rs. 5 with a repayment period of up to 1 lakh
SBI E Mudra Loan 2022 can be used to meet various working capital requirements, such as increasing cash flow, purchasing raw materials, up inventory, paying rent, expanding business, and fulfilling other business-related purposes.
SBI E Mudra Loan 2022 and e mudra loans are given only, to manufacturing and trading sectors, MSMEs, businesses, and enterprises Below are the SBI Mudra Loan-related features:
|SBI E Mudra Loan – Key Features – September 2022|
|Interest Rate||Competitive Rates Linked to MCLR*|
|Purpose||Business Purpose, Capacity Expansion, Modernization|
|Loan Amount||Loan Type Up to Rs.10 Lakh|
|Term||Loan & Working Capital Loan|
|TargetGroup||Allied Agriculture Activities, Trading and Service Sectors|
|Processing Fees and Fees||For Shishu and Kishor Nil for MSE Units for of the sanctioned loan amount 0.50% Tax|
|Prepayment Fee||based on activity/income generation 3 to 5 years (6 months) Review of WC/TL to be done annually|
|Nil||and difference between Rs.50,000 Rs. 50,001 to Rs. 10 lakh 10% is|
|security of bail||nil|
|SBI E Mudra Loan 2022 Features of|
|i. Must be a small (micro) entrepreneur ii. at least 6 current/savings account holder must be iii. Maximum loan eligible related amount Rs.1.00 lakh iv is . Maximum loan tenure is – 5 years v. per the respective eligibility criteria of the bank Rs.50,000/- Loan is available up to vi. Rs.50,000 /- It is mandatory for the customer to come to the branch to complete the formalities for the loan amount above|
SBI E Mudra Loan 2022 Steps To Apply For The Loan| Where Can I Apply for SBI E Mudra Loan 2022?
Existing customers sharing a relationship with SBI in the form of a Savings Account or Current Account (Individual) can apply for an e-Mudra loan for an amount up to Rs. 1,00,000 by visiting the SBI e-Mudra portal and following the steps given below:
Step 1: From the drop-down menu Prime Minister’s Mudra Yojana Select the application form.
Step 2: SBI official website https://emudra.sbi.co.in:8044/emudra Go to ‘Proceed’ and click
Step 3: For e-KYC purposes through UIDAI, give the required details like the Aadhaar Card of the applicant’s e-KYC and e-Sign need to be completed through OTP authentication for loan processing and disbursement.
Step 4: Once the SBI formalities and loan processing is complete, an applicant will receive an SMS asking to re-visit the e-Mudra portal to initiate further processing.
Step 5: receipt of SMS of loan sanction 30 This process needs to be completed within
Note: applicant only JPEG, PDF, or PNG needs to upload, with a maximum file size of 2MB.
SBI E Mudra Loan 2022 – Features and Eligibility Criteria
The largest loan amount offered is Rs. 1 lakh
Maximum repayment period 5 years
Instant loan availability of Rs. 50,000 at the discretion of the bank for
loan amount exceeding Rs. 50,000, an applicant has to visit the nearest bank branch of SBI for loan formalities
At Least 6 months
SBI E Mudra Loan 2022 Documents Required For
To apply for a Mudra loan from SBI, you are required to submit the following documents along with the loan application form:
. It is mandatory to have Savings/Current Account Number and Branch Details
ii. Business-related proof (name, date of commencement, and address) is mandatory
iii. UIDAI – Aadhar Number (Update is mandatory in the account)
iv. Caste details (General / SC / ST / OBC / Minority) are mandatory
v. Other details for upload like GSTN & Udyog Aadhar mandatory
GSTN & Udyog Aadhar is mandatory
Proof of shop and establishment or other business registration document (if any)
SBI E Mudra Loan 2022 Eligibility Criteria
Applicant must be engaged in a non-farm income-generating activity, either in the manufacturing or service sector
at the same place for at least, 2 must have resided
|SBI E Mudra yojana 2022 loan amount|
|Kishor||. 50000 – Rs. 5 lakh|
|Tarun||Rs. 5 lakh – Rs. 10 lakhs|
In addition to finance, MUDRA also provides credit guarantees for loans, acts as a technology enabler, and provides developmental and promotional support. Financing assistance is provided in four ways:
through a Micro Credit Scheme (MCS) for loans up to Rs. 1 lakh, where financing comes through microfinance institutions, through
through the Women’s Enterprise Program,
securitization of the loan portfolio
the bank provides SBI Mudra loans for working capital requirements and as a term loan to meet various business needs. The maximum amount of loan that can be given by SBI under Mudra Yojana is Rs. 10 lakhs. Businesses engaged in manufacturing or provision of services are eligible for CGTMSE guarantee, however, this is not done for businesses engaged in retail trade. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Post Guarantees the loans given under the Mudra scheme to the applicants up to a specific amount.
E Mudra Loan SBI 50,000 Interest Rate
Shishu – Loan of Rs 50000, interest rate minimum 1% p.a. or 12% p.a. Repayment period of 1-5 years.
Kishor – Rs 50001 to Rs 5 lakh loan. The interest rate is dependent on the lender keeping in view the credit history of the applicant as per the scheme guidelines. The repayment period will be at the discretion of the bank but should not exceed 5 years.
Tarun – Loans from Rs.5 Lakh to Rs.10 Lakh. The interest rate is dependent on the lender taking into account the credit history of the applicant as per the scheme guidelines. The repayment period will be at the discretion of the bank but should not exceed 5 years.
SBI E Mudra Loan 2022 Form Application
duly filled It is mandatory to submit the following documents for Shishu, Kishor, or Tarun loan scheme:
with passport-size photograph
ID proof: Passport Voter ID Card, Driving License, PAN Card, Aadhar Card
Income Proof: Last 6 Months Related Bank Details
SC/ST, OBC, or any minority group, if applicable
Any other document required by SBI
Shishu, loans are provided with RuPay Debit Card called Mudra Card for cash withdrawal and Point-of-Sale (PoS) transactions under a total of three loan categories namely
SBI E Mudra Loan 2022 Helpline Number
For Any Query Please Call SBI’s 24X7 helpline number 1800 1234 (toll-free), 1800 11 2211 (toll-free), 1800 425 3800 (toll-free),1800 2100(toll-free) or 080-26599990