Eligibility

ELIGIBILITY CRITERIA FOR MUDRA REFINANCE/ LOAN

Micro Units Development and Refinance Agency (MUDRA) has finalized the eligibility norms for the partner lending
institutions for the purpose of availing refinance/ finance for on lending to micro units in manufacturing, trading and service sector in rural and urban areas. The eligible institutions, as indicated below, may approach MUDRA corporate office at First Floor, MSME Development Centre, C-11, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 or the nodal officers placed across the country.

SCHEDULED COMMERCIAL BANKS

All scheduled commercial Banks in public and private sector with 3 years of continuous profit track record, net NPAs not exceeding 3%, minimum net worth of Rs.100 cr. and not less than 9% CRAR.

REGIONAL RURAL BANKS

All restructured RRBs having net NPA within 3% ( relaxable in deserving cases), having profitable operations and not carrying any accumulated losses and CRAR >9%.

MFI / SMALL BUSINESS FINANCE COMPANIES/NBFC

a. Been in lending to Own Account Enterprises, i.e. micro units with loan size upto Rs.10 lakh for atleast 3 years
and/or the promoters / management having experience of atleast 10 years in this area.
b. Having minimum out reach of 3000 existing borrowers for MFIs.
c. Having suitable systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management, etc.
d. Meeting the minimum CRAR and other norms stipulated by RBI for MFIs registered as NBFC-MFIs and comply all the prevailing RBI guidelines. For all categories of NBFCs, registration with RBI will be mandatory.
e. Should be a member of a Credit Bureau.
f. Rating requirement:
a. MFIs (including NBFC-MFIs) – minimum Capacity Assessment Rating of mfr5 by CRISIL or its equivalent.
b. NBFCs – minimum external rating of BB- for small NBFCs having total portfolio below Rs. 500 crore and
BBB+ for NBFCs having portfolio of Rs. 500 crore or more. For small NBFCs not having external credit
rating, they should possess satisfactory borrowing arrangements with any Scheduled Commercial Bank
for a minimum of 2 years.
g. Recovery performance: For MFIs : Portfolio at Risk (i.e. overdue more than 30 days) within 5%. For others – Net
NPA not higher than 3%.
h. For all MFIs, it will be desirable to have undergone Code of Conduct Assessment (COCA) with a minimum score of 60 or equivalent.

COMMON PARAMETERS

1. The assistance will be based on internal credit appraisal process by MUDRA / SIDBI.
2. The assistance shall be priced based on risk assessment, geographical distribution, social parameters, etc.
3. The Board of MUDRA shall fix prudential ceilings for lending to various categories of
borrowers as also limits for individual borrower / borrower group in line with RBI
instructions on the subject.
4. The detailed terms of assistance shall be laid down in the loan agreement to be executed with the individual
intermediary.

Please note MUDRA is a refinancing firm only.

Need MUDRA Loan, Click here to apply Online.

Source: MUDRA ORG IN

Author:- Jeevan Pant

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52 thoughts on “Eligibility

  • December 27, 2016 at 2:19 pm
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    sir pls help me
    i have all document for aply loan
    but some kind my loan is not submitted….

    Reply
  • October 19, 2016 at 7:37 am
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    Shisu mudra loan ke liye Etna sab kuch dena padega. Pm sir.

    Reply
  • October 19, 2016 at 7:36 am
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    Niwas praman new telephone bills electricity bill property receipt income tax returns transaction….. Etna sab kaise laye Etne bade hote Toa shayad loan ki jarurat nahi hoti.. .. Suisun mudra loan mai Etne documents kaise manage kare sar aap hi bataiye

    Reply
  • October 19, 2016 at 7:30 am
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    Dear sir Please tell me rented Telicome sirf 6mahime hua h shop koa aur stand karne ke loan ke kaun Se documents hona chahiye aur agar Koi documents nahi h Toa kaise hoga us branch manager koa dikhana h mujhe ki help mil sakti h but sir bank manager jisko janta h ussi ko loan deta h….

    Reply
  • October 19, 2016 at 7:25 am
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    Dear sir,
    Adahar card, ration card, pan card, driving licence … Ye sab documents h mere pass ek shop Li h rent par par naa hi electricity bill h mere naam Se aggriment Toa h but fir bhi p.m sir ne Toa kaha tha small business purposes loan Bina kisi sarto ke hota h. . Mai bank gaya tha complaints daali bhi thi bank manager ne call bhi Kiya but branch manager ne mana nahi Kiya aur kahan ab complaint wapas lo aur Etne documents doa mujhe….. .. Etna sab kaise possible h pradhanmantri ge ki kahin battein sab galat h…..kisi ko Koi loan nahi milta sirf sirf paiso walo ko hi loan milta h…

    Reply
  • September 5, 2016 at 1:18 pm
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    Sir my name is dinesh thakur mera kirana store hai José me or badana chahta hun me union bank hargovin enclave branch me gaya tha waha mujhe mana kar diya gaya .kya mujhe loan nahi mil sakta hai pls help me….dinesh thaku

    Reply
  • July 21, 2016 at 12:26 am
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    Actually I need loan for a NGO trust which is managed by me. I want to start a bushiness structure in this NGO.can I get loan from mudra bank and how ? Pls tell me procedure and required documents list.

    Reply
  • July 6, 2016 at 9:21 pm
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    Sir,open business loan in new firm rural area please information provide.

    Reply
  • June 21, 2016 at 12:46 pm
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    I am engaged in Trading Firm of Plywood since last 2 Years and now I Need Fund for my Working Capital. So please tell us whether I am eligible for Loan From under This Scheme.
    Thanks!

    Reply
    • June 21, 2016 at 6:12 pm
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      Dear Mr. Ajeet,

      Yes, You can apply for MUDRA Loan. Please visit your nearest bank branch for MUDRA Loan. We suggest you to apply with project report.

      Best of Luck…

      Regards,

      Team Mudrabank.com
      we are not associated with govt. of India or any agency. Please do not pay anything for Mudra Loan.

      Reply
  • June 15, 2016 at 9:38 pm
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    Sir mene diploma electrical engineering kiya he or ab me apna khud ka production unit start karna chahta hu .me soap and washing powder ka small unit chalu karna chahta hu……..me Palanpur gujarat se hu.muje loan ki jaruat he to muje help ki jarurat he.

    Reply
  • June 11, 2016 at 8:43 am
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    Hello sir my name is lavkush Yadav I want a open medical agency hence i have required mudra loan . What i am eligible for mudra loan . I m post graduate ? in chemistry / pls suggest me sir from jaunpur Uttar Pradesh

    Reply
  • June 2, 2016 at 12:03 am
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    Hello sir main ek new JCB lena chahta hu muje loan mil sakta hai kya????

    Reply
  • June 1, 2016 at 9:38 pm
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    I want to open a new business and it requires some loan can i get the loan.
    Plz guide me
    Previously i was a salaried person

    Reply
  • May 31, 2016 at 12:42 pm
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    Gardute kiya hai maine to mujhe onian hydrojanic plant open krna hai to uske liye mujhe 2lakh rupiee jarurat hai toh kya aap mujhe loan de sakte ho…
    Add . at . tamaswadi post pilkhid tal chalisgaon dust jalgaon Maharashtra

    Reply
    • May 31, 2016 at 6:28 pm
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      श्री पाटिल जी नमष्कार,

      पाटिल जी मुद्रा लोन के लिए आपको आपके निकट के बैंक से संपर्क करना होगा| बैंक व वित्तीय संस्थाए ही मुद्रा योजना के अंतर्गत ऋण प्रदान कर रही हैं| अतः आपसे अनुरोध हैं की आपके लिखित प्रस्तावना के साथ आप बैंक प्रबंधक के मिले| अगर आपको लगता हैं की बैंक प्रबंधक या अधिकारी आपसे अनुचित व्यवहार कर रहे हैं तो आप http://www.mudrabank.com पर भी जाकर मुद्रा ऋण के लिए आवेदन कर सकते हैं| पर हम यही अपील करेंगे की आप वित्तीय संस्थाओ से संपर्क करे|

      अग्रिम शुभकामनाओ सहित,

      आपका ऑनलाइन मित्र

      Reply
  • March 18, 2016 at 10:08 am
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    Sir,
    . i want start a small manufacturing company in kushinagar distic in u.p .pls help me

    Reply
  • March 5, 2016 at 4:42 pm
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    Me Gujarat ke bhuj taluke se hu me ek self finance primary school open karna he kya muje loan milegi?

    Reply
    • March 7, 2016 at 1:39 am
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      Yes, Pls visit your nearest bank branch & follow the procedure.

      Best of luck

      Reply
      • August 4, 2016 at 7:46 pm
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        Tea industry lesse purchase wanted to business lone purposes only.

        Reply
  • February 14, 2016 at 9:29 am
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    I woul like meet branch manager.can i get chennai branch address pls

    Reply
  • February 12, 2016 at 2:09 pm
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    I have transport /cago company.we need loan that is possible or not. I haven’t ITFile.plz ans me.

    Reply
    • February 12, 2016 at 5:04 pm
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      Yes, visit nearest bank branch.

      Reply

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