What is Meant by MUDRA Loan ?
As per Department of Financial Services, Ministry of Finance, Govt. of India’s letter No.27/01/2015-CP/RRB dated May 14, 2015 loans given to non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh by all the Public Sector Banks, Regional Rural Banks, State Cooperative Banks and Urban Co-operative Banks will be known as MUDRA loans under the Pradhan Mantri MUDRA Yojana (PMMY). All such loans can be covered under refinance and/or credit enhancement products of MUDRA.
Whom to approach to Get MUDRA Loan? / How to apply for Loan in MUDRA Bank ?
Borrowers, who wish to avail assistance under Pradhan Mantri MUDRA Yojana(PMMY), can approach the local branch of any of the above referred institutions in their region. Sanction of assistance shall be as per the eligibility norms of respective lending institution.
What are the Documents Required to avail Mudra Loan: Check out the List here
Check the Step by Step Process to Avail MUDRA Loan
How to get assistance about MUDRA BANK’s Loan ?
For information on MUDRA products and for any kind of assistance, the borrower can either approach/contact MUDRA office at Mumbai or the identified MUDRA Nodal Officers, whose details (along with contact numbers and mail ids) are made available at MUDRA’s Website. The borrower may also visit MUDRA website, www.mudra.org.in and can send any query/suggestion to email@example.com.