Posts Tagged ‘Mudra Bank’

Mudra is game changer

Now mudra bank has become the game changer for Indian economy. The two schemes of central govt. Startup India and Mudra schemes are seeding & encouraging people to start business, generate jobs and encourage the entrepreneurship.

Mudra loan is encouraging the poor people to start small setup & according to data 55% mudra loan had been disbursed under mudra Shishu scheme. Central govt. monitoring strictly about the loan process & taking immediate action on all complaints related to mudra schemes.

Our team had met with several vendors who got the mudra loan from banks. Mr. Sunil Joshi, Shopkeeper in Haldwani, Nainital, Uttarakhand area told us that the process of Mudra loan was very simple but the bank staff had taken too much time to approve my mudra loan and disburse my account. According to him he applied mudra loan from State Bank of India, Kusumkhera branch under Mudra Kishor Scheme.

We are receiving several emails & call from  entire India to know the process and difficulties which there are facing. The complaints and queries are encouraging us because it shows that how much people are interested to start business.

Mudra Bank

Mudra bank

According to banking data which received from the banks that the mudra schemes has flooded the applications and it hampering business process of banks.

Tags:- Mudra is game changer, Mudra Loan scheme, Mudra Bank, Mudra, Mudra India, Mudra bank lone.

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Be the first to comment - What do you think?  Posted by JIAN - March 20, 2018 at 7:20 pm

Categories: Bank, MUDRA, Mudra Bank, MUDRA Loan   Tags: , , , , , ,

List of Documents require for MUDRA LOAN

List of Documents which are require for MUDRA Bank Loan

  • Proof of Identity:- Voter ID Card, Passport, Driving License, PAN Card, Signature identification from present bankers of proprietor, partner of director (if any company)
  • Proof of Residence:- Recent telephone bills, electricity bill, property tax receipt, Passport, Voter’s ID Card of proprietor, partner of Director (If any company)
  • proof of business address or establishment.
  • Applicant should not be defaulter in any Bank or Financial Inclusion firm.
  • Last three years (Audited or Unaudited) balance sheets of the units along with Income Tax/ Sales tax returns etc. (Applicable for all cases from Rs. 2 lakh and above)
  • Memorandum and articles of association of the Company / Partnership Deed of partners etc.
  • Assets and liabilities statement of promoters and guarantors along with last income tax return.
  • Rent Agreement (If business premises on rent) and clearance from pollution control board if applicable.
  • SSI/MSME registration if applicable.
  • Projected balance sheet for the next two years in case of working capital limits and of the period of the loan in case of term loan (For all cases of Rs. 2 lakh and above).
  • Photocopies of lease deeds/ title deeds of the properties being offered as primary.

Tag:- Mudra Loan documents, Documents for MUDRA, Loan documents, Mudra loan India, Mudra Bank

Click here to download Loan application form..

Source:- Bank of Baroda

Tags:- Documents for Mudra loan, Mudra Loan Documents, Mudra Bank Documents, Mudra Bank loan documents

310 comments - What do you think?  Posted by JIAN - March 8, 2018 at 8:48 pm

Categories: MUDRA, Mudra Bank, MUDRA Loan   Tags: , , , , , , ,