Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

 

Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit.

These schemes cover loan amounts as below:

  1. Shishu: covering loans up to ₹50,000
  2. Kishore: covering loans above ₹50,000 and up to ₹5,00,000
  3. Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

Mudra Loans could be availed for the following

Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan

Business Installment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.

Business Loans Group Loans (BLG) and Rural Business Credit (RBC): We offer Drop line overdraft/Overdraft facility/Working capital loans

Documents Required for Pradhan Mantri Mudra Yojana

Vehicle Loans

  • Mudra application form
  • Vehicle loan application form
  • 2 passport size colour photographs
  • Photo Identity proof
  • Address proof
  • Income proof
  • Bank statement (last 6 months)

Business Installment Loan

  • Mudra application form
  • BIL application form
  • Photo identity proof
  • Address proof
  • Establishment proof
  • Bank statement (last 6 months)
  • Ownership proof of residence/office
  • Proof of continuity of business
  • Proof of qualification
  • Trade references

Business Loans Group and Rural Business Credit

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity and age proof
  • Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

Courtesy:- ICICI Bank

Tags:- ICICI Bank Mudra Loan, ICICI Bank Mudra Yojana, ICIC Bank MUDRA Bank, ICICI MUDRA Loan, ICICI Bank Mudra loan Documents, ICICI Bank Mudra loan Terms and Conditions, ICICI Bank MUdra Loan

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10 thoughts on “Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

  • February 1, 2018 at 5:55 pm
    Permalink

    Mudra lon chahiye new business ke liye

    Reply
  • February 1, 2018 at 4:41 pm
    Permalink

    Dear Team

    I need to establish our company which is already formed but no transaction because of initial investment. Need 10L for to take forward the business.

    Regards
    Madhura
    9481031186

    Reply
  • December 19, 2017 at 7:52 pm
    Permalink

    Dear Sir,

    I want to Mundra Lone Requirement, for personal

    Reply
    • December 19, 2017 at 7:54 pm
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      I want to Mundra lone requirement for Business purpose please Please help me…

      Reply
    • December 20, 2017 at 7:23 pm
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      Mudra loan is not available for Personal use.

      Reply
  • November 19, 2017 at 4:33 pm
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    please sir help mujhe business or badhana bilte krana hai mudra lone 600000 provide.contant no.9971278915

    Reply
  • October 23, 2017 at 5:33 pm
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    Dear Sir,

    I need Rs. 500000 under Mudra Scheme but the bank managers are denying to provide MUDRA loan. Please help.

    Reply
  • October 16, 2017 at 1:16 pm
    Permalink

    Sar mere paas 8 cow hai or me ahage business or badhana chata hu isliye muje 350000 rs ka loan chaiye

    Reply
  • October 15, 2017 at 1:22 am
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    my mobile shop but i have no money so only give me 1 lakh

    Reply
  • September 12, 2017 at 12:43 pm
    Permalink

    mujhe apne DIGTAL CSC/jan seva kendra ke lia mudra lone RS_400000 ki jrurat he.

    Reply

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