Mudra Kishore Loan

• An identity proof such as your Voter’s ID, PAN card, Aadhaar card, driver’s licence, passport or any other government-issued credential with your picture on it

• A residence proof such as telephone or electricity bills, property tax receipts (not older than 2 months), Aadhaar card, Voter’s ID, passport, bank passbook, or account statements or domicile certificates issued by the concerned local body

• Two of your most recent photographs, which should not be older than six months

• Balance sheets for your business with respect to the last two financial years

• Your income tax and sales tax returns of at least the past 2 years

• Your bank account statements for the previous 6 months

• Estimated balance sheet of your business for the next 1 year or for the required loan duration

• Memorandum of Association and Articles of Association, if in case your company is a public or a private limited firm

• Sales made by your business in the financial year prior to the one in which you are applying for the Kishore Mudra Loan

• Reports explaining the economic and technical sustainability of your business

• Proof of identity and address of your business/enterprise with copies of relevant licences, registration of ownership, and the likes

• Proof of category such as SC/ST/OBC, if you belong to any of these caste groups

• Step 1: Log on to the Udyami Mitra online portal at https://udyamimitra.in/ and then click on the ‘Apply Now’ button.

• Step 2: Select the ‘Type of borrower’ on the next page and then fill in the required information on the following page. You must then verify your mobile number with a one-time password (OTP) you will receive on the mobile number you have submitted to go further.

• Step 3: On the page that you are redirected to, enter your personal and professional details to proceed.

• Step 4: Once the basic information has been filled in, you will be greeted with a welcome message, around which, you will find an ‘Apply Now’ button. Click on it, and then click on ‘Kishore’ on the following page to move to the next step.

• Step 5: On the next page, you must fill in details regarding your business, such as the sector you operate in, the reason why you need the loan, your monetary requirement, your lender of choice and the likes. At the end of this step, you must upload the required documents and then click on the ‘Submit’ button to make progress.

• Step 6: Finally, you will see a declaration page. To complete the Mudra Kishore Loan application process, tick on the appropriate checkboxes to proceed.

Alternatively, if you want to apply for the Kishore loan through the offline method, you can visit a commercial or private sector bank. Once you are there, submit a duly filled copy of the downloaded mudra loan application form with all the documents required. Once they have been verified, you will receive the loan amount in the specified bank account. You must note that along with the required documents, you will additionally need to submit a self-written business plan.