Features of e-Mudra
Features of e-Mudra Instructions
➡️ i. Should be a micro entrepreneur.
➡️ ii. Should be an existing CA/SB Account holder of SBI, minimum 6 months old.
➡️ iii. Max eligible Loan amount- Rs.1.00 Lakh
➡️ iv. Maximum Loan period-5 Years
➡️ v. Instant availability of loan up to Rs.50,000/- based on Bank’s eligibility norms.
➡️ vi. For loan above Rs.50,000/-, customer to visit Branch for completing formalities.
Requisite documents for Applying Loan :
➡️ vii. Savings/Current Account number and branch details.
➡️ viii. Proof of Business (Name, Start date & Address)
➡️ ix. UIDAI- Aadhar Number (should be updated in A/c Number).
➡️ x. Community details (General/SC/ST/ OBC/ Minority)
➡️ xi. Other information for uploading like:
GSTN & UDYOG Aadhar
Proof of Shop & Establishment or Any other Business Registration document (if available).
Step by Step Process
Please Input or select through drop down menu and fill application form.Please provide Aadhaar No. for e-KYC through UIDAI (User to ensure his present Mobile Number is linked with Aadhar (For OTP purposes) since e-KYC, e-Sign has to be completed through OTP authentication for processing and disbursement.For Above 50,000 to Rs. 1 lacs, applicant to visit Branch where his SBI Saving/ Current Account is maintained and complete document signing formalities. Upon Completion of formalities, you will receive SMS in your mobile number advising to initiate further process viz. account opening & Disbursement by revisiting e-MUDRA portal. The process needs to be completed within 30 days after receipt of SMS of loan sanction.
Note:
The documents to be uploaded should be in PDF/ JPEG / PNG format, maximum size 2MB.
