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The documents required for Mudra loans vary depending on the lender you choose. However, here are some basic documents you need to submit when applying for a Mudra loan:

 

Proof of Identity

You need to provide any of these proof of identity documents:

  • Aadhaar card

  • PAN card

  • Driving licence

  • Voter’s ID

  • Passport

  • Any other government-issued photo ID card

 

Proof of Residence

You need to submit any of these documents as your proof of address:

  • Aadhaar card

  • Passport

  • Voter’s ID

  • Government-issued domicile certificate

  • Utility bills like electricity, telephone, gas, or house tax bills

 

Proof of Business 

To prove your business’ existence, address, and ownership, you must provide any of these documents:

  • Proof of Business Continuity 

  • Business registration

  • Business licence

  • Business certificate

  • Partnership Deed, Memorandum, or Article of Association

 

Other Documents

Here is the list of other documents to submit when applying for a Mudra loan:

  • Duly-filled Mudra loan application form

  • Passport-size photographs of business owners and partners

  • Government-issued caste/community certificate for Scheduled Castes (SCs), Other Backward Castes (OBCs), and Scheduled Tribes (STs)

  • Balance sheet for the last two years

  • Estimated balance sheet for the next financial year or the loan tenure

  • Bank account statement

  • Sales record for the last year

  • A robust and well-documented business plan 

  • Trade references

Eligible Entities for Mudra Loan

The following are eligible entities or individuals to apply for a Mudra loan:

  • MSMEs involved in non-farming and non-corporate sectors

  • Entrepreneurs purchasing transport vehicles, like auto-rickshaws, e-rickshaws, etc.

  • Individuals buying commercial vehicles, such as tractors, tractor trolleys, power tillers, etc.

  • Small business owners running community, social, and personal sector activities, like beauty parlours, salons, tailoring shops, etc. 

  • Individuals involved in small businesses relating to food product sectors

  • Entrepreneurs from activities allied with agriculture 

  • Traders and shopkeepers

FAQs on the List of MUDRA Loan Documents

What are the documents that I can submit as proof of business ownership when availing of a Mudra loan?

To prove your business ownership, you need to submit a Business Registration document, Licence, Certificate, Partnership Deed, Memorandum, or Article of Association.

Do I need to provide collateral to get a Mudra loan?

No, the Mudra loan is an unsecured form of credit, which means you do not have to provide collateral.

What are the documents required when applying for a Shishu Mudra loan?

When availing a Shishu Mudra loan, you need to furnish proof of identity, address, income, and business. In addition, you also need to provide documents proving SC, ST, or OBC status and business continuity.

Do I need to provide ITR when applying for the Mudra loan?

Yes, you need to provide a copy of your Income Tax Return (ITR) when applying for a Mudra loan.

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