SBI Shishu Mudra Loan Yojana Apply Online 2024
Small businessmen benefit a lot from SBI Shishu Mudra Loan Yojana, jointly operated by the Government of India and public sector banks. In today’s article we have Discussed Important About SBI Shishu Mudra Loan Scheme.
Currently, if you want to apply online or offline for SBI Shishu Mudra Loan and want to know more about the benefits of this scheme, like how much money you can get the loan? What is the eligibility required to avail the loan? And how much time will you get to repay the loan? So you have to read this post carefully till the end.
What is SBI Shishu Mudra Loan Scheme?
On 8 April 2015, the Government of India launched a new type of scheme in every bank, through which every small businessman will be able to get financial assistance to further expand his business. This scheme was launched by the Prime Minister of India, Shri Narendra Modi and was named SBI Shishu Mudra Loan Scheme.
Through this scheme, every small businessman will be able to get a maximum loan of up to Rs 50,000 under Shishu Mudra Loan Scheme. Also, if you have taken Kishore Loan, you can get a loan ranging from Rs 50,000 to Rs 5,00,000 and in case of Yuva Loan, you can get a loan ranging from Rs 5,00,000 to Rs 10,00,000 .To avail funds from these three loans, you do not need to deposit any valuables as collateral. If you are eligible for this scheme, you will be able to get the loan money.
Objective of SBI Shishu Mudra Loan Scheme
At present, different types of schemes are prevalent in India. Like other schemes, SBI Shishu Mudra Loan Scheme has certain objectives, they are.
- The main objective of launching SBI Shishu Mudra Loan Scheme is to further expand the business of every small businessman in India.
- It has been started so that every small business can be made strong and self-reliant.
- As businessmen will expand their business through this scheme, this scheme has been started to develop the industry of India as well as to develop the industry of India.
SBI Shishu Mudra Loan Scheme Beneficiaries
Today when we started the discussion about SBI Shishu Mudra Loan Scheme in this post, we have said that small businessmen located in every state of India can apply under this scheme and get the benefits of this scheme, but this scheme To avail the benefit, applicants have to follow certain rules.
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SBI Shishu Mudra Loan Scheme Eligibility Criteria Shishu Mudra Loan SBI Eligibility
If you want to apply for Shishu Mudra Loan SBI then you must have certain eligibility, they are specific qualifications.
- To apply for SBI Shishu Mudra Loan Scheme, the applicant must be a citizen of India.
- Under this scheme, only those people who can start a new business will be able to get the loan.
- The age of the applicant should be between 18 years to 60 years.
- The applicant’s business must be registered.
- The applicant must have his/her own bank account, which has been active for the last three years.
Documents required for SBI Shishu Mudra Loan Scheme
If you want to apply for SBI Shishu Mudra Loan Scheme, certain documents are required to apply. Necessary documents are there.
- applicant’s Aadhar card
- proof of address
- PAN card
- income tax return
- Appropriate documents and certificates for business
- Bank cheque
- bank transaction list
- Amount of income
- mobile number
- passport size photograph
SBI Shishu Mudra Loan Apply Online
If you want to apply for SBI Shishu Mudra Loan Scheme through online, then take a good look at the following procedures:
Step 1: First of all you have to reach the official website by entering this link https://emudra.bank.sbi:8044/emudra.
Step 2: After visiting the home page of the official website, you have to click on the Proceed for e-Mudra option at the bottom.
Step 3: Then you will see a notification on your mobile, laptop or computer screen, after seeing the information about how to apply there, you have to click on the OK option.
Step 4: After coming to the next page, you will have to select your language and enter the mobile number linked to the bank account. Then after filling the captcha, you will have to verify the mobile number through OTP by clicking on the Verify option . You then need to click on the Proceed option after entering your bank account number and the amount of money you want to borrow.
Step 5: After coming to the next page, now you have to fill your business address and business sales/account details properly and then you have to click On Submit option.
Step 6: After clicking on the submit option, you will see a table of contents on your screen. There you will see SBI greetings . There you can see all the information about the loan amount you have applied for. Then you have to click on the Terms and Conditions option and click on Proceed to E Sign option.
Step 7: Now you have to click On I Agree option.
Step 8: After the next page appears, you will have to enter your Aadhaar number and name and click on E Sign via OTP option.
Step 9: After coming to the next page, you have to click on Agree option, enter the Aadhaar number again and click on Send OTP option .
Step 10: After verifying the Aadhaar number, you will have to click on the Proceed option on the next page.
Step 11: After clicking on the proceed option, you can view all the information of your application and you can download or print out the application form.
Step 12: Click on Proceed option again, now after waiting for a while you will see the congratulations . By clicking on the print option below this, you can print the information about how much money has been received in the loan and by when you have to repay that loan.
SBI Shishu Mudra Loan Scheme Offline Apply
If you want to apply for SBI Shishu Mudra Loan Scheme, you have to follow the below mentioned procedures thoroughly:
Step 1: First of all, you have to reach your nearest State Bank of India bank.
Step 2: After reaching the bank, you need to know the details about SBI Shishu Mudra Loan Scheme and go through the terms and conditions.
Step 3: Then you have to collect the application form from the bank officials to apply for this Shishu Mudra Loan.
Step 4: Fill all the information contained in the application form thoroughly.
Step 5: Then you have to attach the required documents with the application form.
Step 6: Now you have to submit the application form and documents to the officer in the bank.
Step 7: After submitting the application form, you will receive a receipt, which should be kept well for future reference.
The officials will verify your application form. If you are eligible for this scheme, the loan amount will reach your bank account very soon.
SBI Shishu Mudra Loan Scheme Official Website
Be sure to visit the SBI e-Mudra website to learn more and apply online.
| Yojana Name | Official Website Link |
| SBI Shishu Mudra Loan Scheme | Click Here |
Conclusion: The SBI Shishu Mudra Loan is a great way for small business owners in India to get funding to start or grow their business. With a simple application process and competitive interest rates, this scheme can help you achieve your entrepreneurial goals. So, if you’re a small business owner in India and need a little financial boost, consider applying for the SBI Shishu Mudra Loan today!
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- #ShishuMudraLoan
- #GrowYourBusinessIndia
- #SBIforEntrepreneurs
- #FinancialEmpowerment
