SBI Mudra Loans are mainly used to start a new business and to meet various working capital requirements.
To start a new business; For Business and capacity expansion, and modernization purposes
Select Pradhan Mantri Mudra Yojana Application Form from the drop-down link.
Visit the SBI official website https://emudra.sbi.co.in:8044/emudra and click on ‘Proceed’.
Provide the required details like the applicant’s Aadhar card for e-KYC purposes through UIDAI, as the e-KYC and e-sign need to be completed through OTP authentication for loan processing and disbursement.
Once the SBI formalities and loan process is completed, the applicant shall receive an SMS that will state to initiate the further process by revisiting the e-MUDRA portal.
This process needs to be completed within 30 days after the receipt of the SMS of loan sanction.
Applicant should be an existing SBI’s CA/SB Account holder for minimum of 6 months
Acceptance of the Terms and conditions by e-Sign using Aadhar-based OTP