Yes Bank Mudra Loan

Yes Bank offers the Mudra Loan under the Pradhan Mantri Mudra Yojana (PMMY), aimed at supporting small and micro businesses in India. This initiative helps entrepreneurs establish and grow their businesses by providing financial assistance without collateral or complex procedures.

The Yes Bank Mudra Loan is a government-backed financial scheme designed to provide collateral-free loans up to ₹10 lakh to micro and small businesses across India. 

It supports entrepreneurs at various stages through three categories:

• Shishu (up to ₹50,000)

• Kishore (₹50,001 to ₹5 Lakhs)

• Tarun (₹5 Lakh to ₹10 Lakhs)

Yes Bank Mudra Loans are designed to support entrepreneurs across various stages of their business journey. These loans can be used for working capital, equipment purchase, business expansion, and other operational requirements. To make the process more accessible, Yes Bank also offers an e-Mudra Loan facility, enabling applicants to apply online with ease.

The scheme promotes entrepreneurship and self-employment by simplifying access to credit through minimal documentation and collateral-free lending. With flexible repayment tenures and the added benefit of a Mudra Card, the offering caters to the diverse funding needs of small-scale businesses across sectors. By ensuring timely financial assistance, the Yes Bank Mudra Loan plays a key role in enhancing financial inclusion and supporting the growth of micro and small enterprises.

Yes Bank Mudra Loan features are designed to make business financing simple and accessible for micro and small enterprises. The scheme stands out for its user-friendly process, flexible options, and wide industry applicability.

Explore the distinctive features of the Yes Bank Mudra Loan highlighted below:

• Simple application procedures with minimal documentation
  

• No collateral or security required for any Mudra loan category
  

• Competitive interest rates aligned with government regulations
  

• Provision of a Mudra Card for easy access to funds
  

• Flexible repayment tenure up to 5 years based on the loan category
  

• Quick disbursal to support timely business needs
  

• Support to a broad range of sectors including manufacturing, service, agriculture, and trading

Below is a detailed summary of the key features of these loan categories:

Disclaimer: The information provided in the table is for general guidance only and may be subject to change without prior notice. Interest rates, loan amounts, and tenure details are indicative and may vary based on the borrower’s profile, credit evaluation, and prevailing bank policies at the time of application. Please consult the bank directly for the most accurate and updated loan terms.

Yes Bank Mudra Loan eligibility criteria are structured to accommodate a wide range of micro and small business entrepreneurs from various sectors. The requirements are tailored to ensure that applicants at different stages of their business journey can access appropriate financial support.

The detailed eligibility conditions for each Mudra Loan segment are outlined below:

Eligibility for Yes Bank Shishu Mudra Loan

• Indian citizen aged 18 or above
  

• New start-up or micro-enterprise requiring seed capital
  

• Engaged in income-generating activities
  

• No prior financial history required, straightforward documentation

Eligibility for Yes Bank Kishore Mudra Loan

• Existing small businesses seeking expansion capital
  

• Operational for at least 6 months to 1 year
  

• Proof of business activity and financial documents needed
  

• Indian nationals with valid identification and business registration

Eligibility for Yes Bank Tarun Mudra Loan

• Well-established businesses operational for more than 2 years
  

• Strong financial track record and credit history preferred
  

• Funding required for scaling up or larger operational needs
  

• Indian citizen with proper business documentation

The documents vary slightly depending on the loan category but generally include:

• KYC documents (Identity and address proof such as Aadhaar, PAN, Voter ID)
  

• MSME application form (filled and signed)
  

• Business proof: registration certificates, licenses, or shop establishment proof
  

• Financial statements and income tax returns (last 2–3 years)
  

• Bank account statements (last 6 months)
  

• GST returns for the current financial year
  

• Project report or business plan (for Kishore and Tarun loans)
  

• Any additional documents supporting business vintage or operations

All documents must typically be self-attested. The documentation process is made smoother via the Yes Bank e Mudra loan digital platform for convenience.

The repayment tenure for Yes Bank Mudra Loans depends on the loan category and business viability:

• Shishu Mudra Loan: Up to 5 years, often with flexible EMI options
  

• Kishore Mudra Loan: Up to 5 years, subject to business profile and repayment capacity
  

• Tarun Mudra Loan: Flexible tenure up to 5 years, may include moratorium periods for established businesses

Yes Bank offers ease in repayments backed by customer-friendly policies to support timely servicing of loans.

Applying for a Yes Bank Mudra Loan is a straightforward process:

1. Visit the official Yes Bank website or any branch offering PMMY loans.
   

2. For online convenience, use the Yes Bank e-Mudra Loan portal.
   

3. Fill in the application form with accurate personal and business details.
   

4. Upload or submit necessary documents (KYC, business proof, financials).
   

5. Loan applications will be assessed based on eligibility and credit evaluation.
   

6. Upon approval, loan disbursement is processed quickly for business use.

Entrepreneurs can also get assistance and guidance from Yes Bank's customer care and relationship managers for efficient loan processing.

For queries and support related to Yes Bank Mudra Loan, customers can reach out to:

• Toll-Free Number: 1860 210 1200
  

• Customer Care Email: yestouch@yesbank.in, yesfirst@yesbank.in (for YES First customers)
  

• YES BANK official website’s customer support chat
  

• Branch visits for personalised assistance

These channels ensure smooth communication for loan-related information and grievance redressal.