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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’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 |
|
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.
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 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 |
Based on applicant’s business profile, past track record, financial assessment, loan amount and tenure. |
|
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.
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:
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 |
|
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.
Below are the eligibility requirements you must satisfy in order to apply under the Kishor category of Axis Bank’s Mudra Loan:
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.
Below are the eligibility requirements you need to meet to apply under the Tarun category of Axis Bank’s Mudra Loan:
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.
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.
Here are the documents required to apply for the Axis Bank Mudra loan:
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.
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
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
For any queries regarding your MUDRA loan, you can contact the financial institution through the following means:
Toll-Free Number: 1800 103 0123
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. |
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. |
Short-term skill training and certification to enhance employability. |
|
Credit-linked subsidy for setting up micro-enterprises. |
|
Bank loans (₹10 Lakhs–₹1 Crore) to SC/ST and women entrepreneurs for greenfield enterprises. |
|
Recognition and support for startups through funding, tax benefits, and incubation. |
|
Credit guarantee for collateral-free loans to micro and small enterprises. |
|
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.
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.
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.
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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