Brief about Syndicate Bank Mudra Loan
Syndicate Bank Mudra Loan PRADHAN MANTRI MUDRA YOJANA (PMMY), a flagship scheme of Government of India, was launched on 8th April, 2015 by the Hon‟ble Prime Minister to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them.
Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to enterprises in manufacturing, trading and service sector, including allied activities to agriculture and services whose credit needs are upto Rs.10.00 lakhs and are given to income generating activities.
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:
- Shishu: covering loans up to Rs 50,000/-
- Kishore: covering loans above Rs 50,000/- and up to Rs 5,00,000/-
- Tarun: covering loans above Rs 5,00,000/- and up to Rs 10,00,000
Syndicate Bank Mudra Loan Eligibility Criteria:
i. All enterprises in manufacturing, trading and service sector, including allied activities to agriculture and services.
ii. All Micro and Small enterprise segment.
iii. Enterprises engaged in income generating activity.
Syndicate Bank Mudra Loan Credit Facility:
i. Any type of Fund Based and Non Fund based facility.
ii. Credit needs are upto 10 lakhs.
Documents require for Syndicate Bank Mudra Loan
Identity proof of applicant such as Aadhar card, Voter ID card.
2 passport size photograph of applicant.
Quotation of items and machinery to be purchased.
ID proof of SC/ST category if any applicant falls under this category..
Business proof statements.
Details of suppliers and machinery.
Syndicate Bank Mudra Loan Current Interest Rate.
Syndicate bank is providing Mudra Shishu Loan on base rate price. Interest rate is not fix & may change. Please visit Syndicate Bank Mudra Loan Link to get current interest rate.
Common FAQ related to syndicate Bank Mudra Loan
How can apply for Mudra Loan in Syndicate Bank?
If you require fund to start your business or stock and you have all require documents. Download the Mudra Bank loan application form & apply with few basic details.
Where can we apply for Mudra Loan in Syndicate Bank?
You can apply at any branch of Syndicate bank for Mudra loan. If bank branch is not accepting your request. Please call to Dy. General Manager
Syndicate Bank, Corporate Office, Syndicate Bank Building, 2nd Cross, Gandhinagar, Bengaluru – 560009 Phone:- 080-22260281 Fax: 080-22208960 Business Strategy & Planning Department and register your complaints.
How can I get Syndicate Bank Mudra Loan application?
You can get Syndicate Bank MUDRA Loan Application form from any bank branch of Syndicate Bank or download from official website of Syndicate Bank. We are sharing Mudra Loan form for your help.
How can apply Syndicate bank e-mudra loan?
Syndicate bank is not providing any e-mudra facility online. Download the Mudra loan form and submit it at nearest syndicate bank branch.
Syndicate bank mudra loan website will help you to understand the mudra loan process & give you guidance to apply mudra loan. It will also help to approach professionally & reduce headache.
The process of Syndicate Mudra loan is easy. You require only Aadhaar card, Pan Card, Bill etc to apply loan at Syndicate bank.
If you are facing any issue in mudra loan process and bank is harassing you. We suggest you to contact with bank official or register your complaints at branch’s compliant register or write to Syndicate bank officials or mudrakibaat @ gmail.com. We will forward your complaints to concern authorities.