BAJAJ FINSERV DIRECT LIMITED

Axis Bank Mudra Loan

Learn more about the Axis Bank Mudra Loan, how to apply, eligibility criteria, required documents, and much more.

Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company. The bank sells financial services to large and mid-size companies, SMEs and retail businesses. Its portfolio of SME loans include the Axis Mudra loans. One such SME focused loan is the Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY).

Axis Bank Mudra Loan Highlights

Axis Bank’s Mudra Loan under the Pradhan Mantri Mudra Yojana (PMMY) empowers non-farm micro enterprises with flexible funding options. These range from term loans to overdrafts and non-fund-based facilities, offered with minimal documentation and collateral-free access.

Below is a quick glance at the key highlights of this scheme:

Parameters Particulars

Nature of Facility

  • Working Capital Term Loan (WCTL): Tailored short-term working capital financing supporting day-to-day operational needs of micro and small enterprises. 

  • Term Loan Facility: Structured long-term loans designed for business expansion, equipment purchases, and other capital expenditures.

  • Cash Credit: Flexible fund-based facility allowing businesses to draw on a revolving credit line against current assets.

  • Non-fund Based Facilities: Supportive trade instruments like letters of credit and bank guarantees to back transactions without disbursing cash.

Quantum of Exposure

Up to ₹10 Lakhs

Purpose

To help fund non-farm enterprises engaged in trading, manufacturing and services activities.

Rate of Interest

Based on applicant’s business profile, financial assessment, past track record, loan amount and tenure.

Repayment Period

Up to 7 years (including a maximum moratorium period of 3 months)

Disclaimer: The features listed are for general informational purposes only. Axis Bank reserves the right to modify, withdraw, or update any feature, eligibility criterion, or loan condition without prior notice. Applicants are advised to verify the latest terms and conditions directly with the bank before initiating an application.

Axis Bank Mudra Loan Features

Here are some of the features of the Axis Bank Mudra loan: 

  • The interest rates for the Axis Bank Mudra loans are dependent on business profile, financial assessment, past track record, loan amount and tenure.

  • You may apply for an Axis Bank Mudra loan both online and offline.

  • The minimum loan amount offered under the Axis Bank Mudra loan is ₹10,000 while the maximum loan amount offered under this scheme is ₹10 Lakhs.

  • The Axis Bank Mudra loan is a collateral free loan facility. This means that you need not provide any security or collateral for availing Axis Bank Mudra loan.

  • The loan amount can be availed as term loans, overdrafts, cash credits or non-fund based facilities like letters of credit, bank guarantees, etc.

  • Small and micro entrepreneurs engaged in any non-farm sector are eligible to apply for this loan.

Axis Bank Mudra Loan Interest Rates

Axis Bank determines Mudra Loan interest rates based on the borrower's business profile, financial health, credit history, loan amount, and tenure.

Below is a snapshot of how these rates are structured, presented in the highlights table:

Loan Categories

Interest Rates 

SHISHU

 

 

Based on applicant’s business profile, past track record, financial assessment, loan amount and tenure.

KISHOR

TARUN

Disclaimer: The interest rates presented in the table are indicative and may vary depending on the borrower’s business profile, financial assessment, credit history, loan amount, and tenure. These rates are subject to change in line with Axis Bank’s lending policies and prevailing market conditions. Prospective applicants should confirm the exact rate with Axis Bank at the time of application.

Axis Bank Mudra Loan Eligibility Criteria

The Axis Bank Mudra loan is extended towards all small and micro entrepreneurs engaged in the non-farm sector who meet the following conditions for each respective Mudra loan category: 

Eligibility for Axis Bank Shishu Mudra Loan

Below are the eligibility requirements you must meet to apply for the Shishu category of Axis Bank’s Mudra Loan:

Criteria Details

Loan Amount Range

Up to ₹ 50,000

Eligible Business Sector

Non-farm small & micro enterprises; engaged in income-generating activities in manufacturing, trading, or services, including allied agricultural activities.

Purpose / Use

For starting or operating small business needs; working capital; growth or establishment of micro units.

Collateral / Security Requirement

None as it is collateral-free.

Other General Criteria

Applicants must have credit needs within prescribed limit; should not be defaulters; must satisfy KYC, business identity etc.

Disclaimer: The eligibility criteria for the Shishu category are indicative. Actual approval depends on Axis Bank’s verification, KYC norms, business performance, credit history, and regulatory guidelines in force at the time of application.

Eligibility for Axis Bank Kishor Mudra Loan

Below are the eligibility requirements you must satisfy in order to apply under the Kishor category of Axis Bank’s Mudra Loan:

Criteria Details

Loan Amount Range

Above ₹ 50,000 up to ₹ 5,00,000

Eligible Business Sector

Same as for Shishu: non-farm micro/small enterprises engaged in manufacturing, trading, services, allied agricultural activities; generating income

Purpose / Use

Business expansion; working capital; scaling up existing small enterprises; cover growth stage financing

Collateral / Security Requirement

None — collateral-free like other Mudra categories

Other General Criteria

Same as above: KYC; good credit behaviour; not being a defaulter; credit needs within the ceiling; identity/business documentation

Disclaimer: The Kishor category eligibility details are illustrative. Final eligibility will be determined by Axis Bank based on internal policies, creditworthiness, documentation, and prevailing government or banking regulations.

Eligibility for Axis Bank Tarun Mudra Loan

Below are the eligibility requirements you need to meet to apply under the Tarun category of Axis Bank’s Mudra Loan:

Criteria Details

Loan Amount Range

Above ₹ 5,00,000 up to ₹ 10,00,000

Eligible Business Sector

Non-farm micro / small enterprises; manufacturing, trading, services, allied agricultural activities; established units looking for larger finance needs

Purpose / Use

For more substantial business finance needs: scaling, capital expenditures, significant growth or cash flow management in more mature micro-units

Collateral / Security Requirement

None — still collateral-free under PMMY / Mudra scheme

Other General Criteria

Same as above: proper KYC and business identity / address documentation; absence of default; credit need within the required limit; business must be income generating in permitted sectors

Disclaimer: The Tarun category criteria shown are provisional. Approval is subject to Axis Bank’s assessment of business viability, prior credit history, required documentation, and compliance with current scheme rules.

Documents Required for Axis Bank Mudra Loan

Here are the documents required to apply for the Axis Bank Mudra loan:

Document Category Axis Bank Mudra Loan Documents

Proof of Identity

Self-attested copy of any: Voter ID, Driving License, PAN Card, Aadhaar Card, Passport

Proof of Residence

Recent documents (not older than 2 months): Telephone bill, Electricity bill, Property tax receipt, Voter ID, Aadhaar, Passport

Business Identity & Address Proof

Relevant licenses, registration certificates, agreements, licenses pertaining to business ownership and address

Application Form

Duly filled Mudra loan application form along with passport-sized photographs

Financial Documents

Bank statements for last 6 months; Balance sheets and Income Tax/Sales Tax returns for last 2 years (for loans ₹2 Lakhs and above); projected balance sheets

Project Report

Project report detailing technical and economic viability

Legal Documents

Memorandum and Articles of Association (companies) or Partnership Deed (partnership firms)

Photographs

Two passport-sized photographs of Proprietor/Partners/Directors

Creditworthiness

Must not be a defaulter with any bank or financial institution

Asset and Liability Statement

If no third-party guarantee provided, statement of assets and liabilities of borrower including Directors/Partners

Other Proofs

SC/ST/OBC/Minority proof if applicable

Sales Data

Sales achieved for current financial year (existing units)

Udyog Aadhaar Memorandum

Relevant Udyog Aadhaar registration

Proforma Invoices/Estimates

Proforma invoices/quotations for assets to be purchased, estimates for civil works if applicable

Disclaimer: The document list is for illustrative purposes only. Axis Bank may require additional or fewer documents depending on loan amount (Shishu/Kishor/Tarun), type of business, applicant’s credit history, statutory/regulatory requirements, or internal bank policies at the time of application. Always verify with your local Axis Bank branch.

Axis Bank Mudra Loan Repayment Tenure

The Axis Bank Mudra Loan repayment tenure typically ranges up to 7 years, including a maximum moratorium period of 3 months. The exact loan tenure depends on the borrower’s business profile, financial assessment, loan amount, and repayment capacity. 

This tenure aligns with the general Mudra loan tenure norms, which offer repayment periods from 1 to 7 years depending on the lender and type of Mudra loan (Shishu, Kishor, Tarun, Tarun Plus). Axis Bank provides repayment terms structured accordingly to suit the borrower's cash flow and business needs without requiring collateral security.

Steps on How to Apply for Axis Bank Mudra Loan

Here’s how you can apply for the Axis Bank Mudra loan: 

  • Visit the Axis Bank Mudra loan homepage 

  • Go to the ‘Start a Relationship’

  • Click on the ‘Small Business Banking Application Form’ 

  • You’ll be sent to a PDF document

  • Fill in all relevant fields 

  • Contact an Axis Bank representative to proceed with your application

Axis Bank Customer Care

Here’s how you can contact Axis Bank customer care: 

Toll-free Number: 1800 209 5577 / 1800 103 5577 (Toll Free)

Service-provider based charges (as applicable): 1860 419 5555 / 1860 500 5555

UCO Bank Customer Care Details

For any queries regarding your MUDRA loan, you can contact the financial institution through the following means: 

  • Toll-Free Number: 1800 103 0123 

  • Email ID: hopgr.calcutta@ucobank.co.in

Other Government Schemes To Look For

Central Government Schemes

The following table highlights some of the most popular central government schemes in India that provide financial support, employment, or skill development opportunities:

Scheme Name Purpose / Key Benefit

Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Financial inclusion with basic accounts, RuPay card, and access to insurance/pension.

Pradhan Mantri MUDRA Yojana (PMMY)

Micro-credit loans to small/micro enterprises under Shishu, Kishor, and Tarun categories.

MGNREGA

Guarantees 100 days of wage employment per rural household with unskilled work.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Short-term skill training and certification to enhance employability.

Prime Minister’s Employment Generation Programme (PMEGP)

Credit-linked subsidy for setting up micro-enterprises.

Stand-Up India

Bank loans (₹10 Lakhs–₹1 Crore) to SC/ST and women entrepreneurs for greenfield enterprises.

Startup India

Recognition and support for startups through funding, tax benefits, and incubation.

CGTMSE

Credit guarantee for collateral-free loans to micro and small enterprises.

DDU-GKY

Skilling and placement scheme for rural poor youth.

DAY–NRLM

Self-help group and livelihood support for women in rural areas.

Kisan Credit Card (KCC)

Affordable short-term credit facility for farmers.

Ayushman Bharat – PM-JAY

Health insurance scheme offering cashless treatment for secondary and tertiary care.

These schemes collectively aim to improve financial security, create jobs, and support entrepreneurship across India.

State-Level Schemes

Here’s a look at some notable state-level schemes launched by different governments to provide localised financial aid, social security, and employment benefits: 

Scheme Name State Purpose / Key Benefit

Rythu Bandhu

Telangana

Direct cash support to farmers per acre each season for input costs.

Aasara Pensions

Telangana

Monthly pension support for elderly, widows, and disabled persons.

TS-iPASS

Telangana

Single-window clearance for industries to boost investment and jobs.

YSR Rythu Bharosa

Andhra Pradesh

Annual income support package for farmers.

Kanyashree Prakalpa

West Bengal

Cash scholarship to keep girls in school and prevent early marriage.

LIFE Mission

Kerala

Housing and rehabilitation scheme linked with livelihood support.

Naan Mudhalvan

Tamil Nadu

Upskilling and scholarship programme to boost youth employability.

Mahatma Jyotirao Phule Shetkari Karjamukti Yojana

Maharashtra

Loan waiver and relief measures for indebted farmers.

Mukhyamantri Kanya Suraksha Yojana

Bihar

Cash transfer scheme to promote girl child education and welfare.

These state initiatives are designed to address region-specific challenges while complementing central programmes for inclusive development.

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

FAQs

Who can apply for Axis Bank Mudra Loan?

Entrepreneurs looking to fund their income generating non-corporate business are eligible to apply for an Axis Bank Mudra loan.

You can avail up to ₹10 Lakhs under the Axis Bank Mudra loan.

No, the Axis Bank Mudra loan is a collateral-free loan.

You can call Axis Bank’s customer care or you can visit your registered Axis Bank branch.

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