SBI mudra loan scheme 2025

SBI mudra loan scheme 2025 : To be eligible for SBI Mudra Loan, you must have a savings account or current account with SBI Bank. The application process for the loan is quick and easy and can be applied for completely online through the SBI website. The main advantage of SBI Mudra Loan is that it is designed to be accessible and convenient for small business owners in which the application process is kept simple and fast. With a ton of time around, it is a transactional solution for those who need funds to start or expand their business.

Pradhan Mantri Mudra Yojana is currently for setting up micro business enterprises and undertaking specified allied agricultural activities. The maximum loan amount to the businessmen is fixed up to 10 lakhs.

Loan Security: The primary finance of the loan is made up of assets Personal guarantees are given to the promoters and directors.

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SBI E-Mudra Loan Overview

Name of the scheme	Pradhan Mantri Mudra Loan Yojana (PMMY)
Name of the Article	SBI e-Mudra Loan Apply Online 2025
Who initiated the plan?	A scheme launched by the Prime Minister of the country to provide loans of up to 10 lakhs to non-corporate, non-agricultural small/micro enterprises.
Objective of the scheme	The scheme has been launched to help small scale businesses, companies, units of India grow and reach fruition.

Documents required for Sbi Mudra Loan

As part of the application process, you will have to provide certain documents to the bank. These documents will vary depending on the type of business you are starting or your personal financial situation. The general documents that you are asked to provide while applying for SBI Mudra Loan are listed below.
Mudra Loan can be obtained online from State Bank of India, in which small traders get loans up to Rs 1 lakh, but how many documents will be required? But to apply for a loan up to Rs 50,000, the applicant must have the following documents.

Proof of Identity: A copy of a document such as PAN card, Aadhar card, Voter ID card, Passport copy is required to prove the identity of the person.
Proof of Address: Here it is necessary to provide a copy of the rent agreement, passport, electricity bill or other document like ration card to show the address of the applicant.
Proof of Ownership: If the applicant already has a business, then it is necessary to provide a proof of ownership such as a deed or registration certificate. This is shown as proof of ownership.
Savings account or current account with the customer: The applicant must have a savings account or current account with SBI bank.
In addition to this, it is necessary to provide a copy of the caste certificate along with the GST number and the extent of the business and shop or business.
Business Plan: Here you will need to provide detailed business information outlining your business goals, target market, financial projections and more.
Financial Documents: The customer may be asked to provide financial documents like bank statements, income tax returns and balance sheets for financial documents. Therefore, it is necessary to provide a copy of the bank statement currently maintained.
Guarantor details: You can provide the details of the guarantor based on your credit history and financial situation who will co-sign your loan and the customer will also provide the details to his branch who will take your guarantee.
Aadhaar number must be linked to your bank account. If you fall under the reserved category, you will also need to provide a caste certificate.

How to apply for Sbi Mudra loan online?

The application process for e-Mudra loan through SBI Bank is online which is a quick and easy process.

First search for sbi mudra loan on google. Here first visit the sbi website.
Then click on the loan tab on the home page of SBI Bank website.
Select e-Mudra loan from the list of loan options then click on the apply now button.
Fill the online application form here with your personal and financial information.
To avoid any delay in the process, read the information accurately and completely and then fill the application form.
Upload the necessary documents including proof of identity, address, business plan, financial documents and any other required documents.
Then submit the completed application form and wait for the response from the bank.
Then keep in mind that the loan application process may vary slightly depending on your business specifics and financial situation. If you have any questions or need assistance with the application process, you should contact SBI’s customer care team.