PM Mudra Yojana

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PM Mudra Yojana
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Features

  • Type of Facility: Working Capital and Term Loan
  • Purpose : Business purpose, capacity expansion, modernization
  • Target Group : Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.
  • Quantum of loan (Min/Max)
    • Maximum loan amount : Upto Rs 10 lacs
    • Loans upto Rs.50,000 are categorised as SHISHU
    • Loans from Rs.50,001 to Rs.500,000 are categorised as KISHORE
    • Loans from Rs.500,001/- to Rs.10,00,000/- are categorised as TARUN
  • Margin (%)
    • Upto Rs. 50,000/- Nil
    • Rs. 50,001 to Rs. 10 lacs: 10%
  • Pricing :Competitive Pricing Linked to MCLR
  • Repayment Period
    • WC/TL: in 3 - 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation.
    • Review of WC/TL to be done annually.
  • Processing Fee
    • Nil for Shishu and Kishore to MSE Units
    • For Tarun: 0.50%(plus applicable tax) of Loan amount

Eligibility Criteria

  • Existing & New units

Collateral Security

  • Nil. To be covered under CGFMU.
  • However, as Primary Security, Hyp. of P&M for TL and Hyp. of Stocks & Receivables for CC to be done.

Other Conditions

  • The loans under Mudra Scheme are guaranteed by Credit Guarantee for Micro Units (CGFMU) and the same is provided through National Credit Guarantee Trustee Company (NCGTC).
  • The guarantee cover is available for five years and hence for advances granted under Mudra Scheme the maximum period is 60 months.
  • Leads are now available in Udyami Mitra Portal (www.udyamimitra.in). Site can be accessed by Branches with Username and Password
  • All Branches to issue MUDRA RuPay Card for all the eligible CC accounts.

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Last Updated On : Thursday, 02-01-2020

Interest Rates

8.50%* p.a.

w.e.f. 17.05.2023

*T&C Apply.

 

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