The Mudra loan online application form is now available on the portals of most banks that are officially authorised to offer the MUDRA loan.
If you're interested in applying for a Mudra Loan, follow these steps.
Visit the official Mudra website and search for “PMMY KIT”
Click on the first result that appears, which is “PMMY KIT”
Download the application form
Step 1: Apply for the Mudra loan by visiting the preferred financial institution's official website.
Step 2: Download the Mudra loan online application form and fill it in with your personal details.
Step 5: Specify the loan amount and tenure of your choice. Enter your bank account details and read and understand the mentioned declaration carefully.
Step 6: Once you submit the application form by clicking on the ‘Submit’ button that you will see underneath, the financial institution will review the application.
After the loan application gets approved, you will receive a MUDRA card. You can use it to withdraw the amount from an ATM to use it as per your business requirements.
There are three key steps you need to follow. Firstly, ensure that you have all the documents ready, including identity proof, address proof, business proof, and financial statements.
Secondly, approach a financial institution that offers Mudra loans, such as a bank or other lending institution. Finally, fill in the Mudra loan application form and submit it with all the necessary documents.
You can submit your Mudra loan application form at any participating financial institution or bank listed on the Mudra website. Additionally, some banks may allow you to apply online through their website or mobile app. It's important to check with your preferred institution for their specific application submission process.