Axis Bank Mudra loan

Axis Bank Mudra loan

Axis Bank Mudra loan

Axis bank Mudra Loan

Every Indian citizen know about the Axis bank in India. It was known before as UTI and its UTI 64 policy was one of the most popular & trusted scheme of India and later on it was turned into bank.

Like other banks Axis is also offering Axis bank mudra loan under Pradhan Mantri Mudra Yojana (PMMY) which was launched by Priminister of India in April 2015 for facilitating funding to the non-corporate i.e. small and micro enterprises in non-farm sector.

The loan is extended for a variety of purposes which provides income generation and employment creation in manufacturing, trading and service enterprises including allied agricultural activities.

The Axis bank mudra loan facility provides you finance for your upcoming projects, startups, stocks, expension etc. Axis bank Mudra loan scheme provides you loan upto 10 lakhs.

Categorization of Mudra Loans

Based on amount of the loan, following are the three categories:

  • Shishu : Loans sanctioned under the scheme up to Rs.50,000
  • Kishore : Loans sanctioned under the scheme from Rs.50,001 to Rs.5,00,000
  • Tarun : Loans sanctioned under the scheme from Rs.5,00,001 to Rs.10,00,000

The maximum loan amount that can be availed of under PMMY is Rs.10,00,000

This categorization signifies the stage of growth / development and funding needs of the beneficiary micro unit/ entrepreneur and also provide a reference point for the next phase of graduation / growth.

Nature of credit facility

  • The facility is collateral free i.e. borrowers need not provide any security or collateral for availing Mudra loan
  • The loan amount can be availed of in nature of fund based facility like term loan, overdraft, cash credit or non-fund based facility like letter of credit, bank guarantee, etc.

Eligibility

All small and micro enterprises in non-farm sector

  • Engaged in income generating activities
  • Engaged in manufacturing, trading and services including allied agricultural activities
  • Whose credit needs are up to Rs.10,00,000

Axis Bank Mudra Loan FAQ

Axis bank mudra loan interest rate
The interest rate of Mudra loan in Axis is floating. Pls visit bank branch for updated Axis bank mudra loan.

Axis bank mudra loan contact number
The contact or customer care for axis bank mudra loan is not differ. You can call on below two numbers.
1860 419 5555
1860 500 5555

Axis bank mudra loan customer care
Aixs Bank mudra loan customer care numbers are.
1860 419 5555
1860 500 5555

Is mudra loan available in axis bank?
Yes like other bank Axis bank is also offering Mudra loan to the name of Axis Bank Mudra Loan. Pls visit your nearest bank branch for Axis Bank Mudra loan or call on above numbers for details.

Axis bank e mudra loan
Axis Bank offering only Offline mudra loan. Pls visit Mudra Bank website for emudra loan or clcik here.

Source:- Axis Bank