How to get mudra loan for business

To get a MUDRA loan for your business, you can approach any commercial bank, Regional Rural Bank (RRB), Small Finance Bank, MFI, or NBFC. You can also apply online through the Udyamimitra portal or the JanSamarth website. The process typically involves:

• Identifying the loan category (Shishu, Kishor, Tarun, or Tarun Plus) based on your funding needs up to Rs. 20 lakhs.
• Submitting a completed application form along with a business plan.
• Providing identity, address, and business enterprise proofs.
• Ensuring a satisfactory credit track record, as no collateral is required.