SBI Mudra Loans are mainly used to start a new business and to meet various working capital requirements.
Purpose
To start a new business; For Business and capacity expansion, and modernization purposes
Step 1
Select Pradhan Mantri Mudra Yojana Application Form from the drop-down link.
Step 2
Visit the SBI official website https://emudra.sbi.co.in:8044/emudra and click on ‘Proceed’.
Step 3
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.
Step 4
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.
Step 5
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