business plan sample for mudra loan

Download Project report format in excel for Mudra Loan

Project report can be generated online on banking91.com. However if you wish to make a project report using excel, you can download the format and make your own report. You can download excel format for making project report for loan from bank. Excel file contains all schedules required to prepare project report.

If you have started a new business or expending an existing business, you need to prepare project report to get financing from a bank or any other financial institution.

It is not always expending the business or starting a business that requires external financing but also working capital requirement warrants for a financial assistance.

Normally when you apply for a loan from bank, you are asked for different set of documents. I am listing few key documents that banks require you to provide them.

• Project Report
• Income Tax filing documents
• Financial statements
• Details of existing liabilities

These are the key documents that any bank will ask before sanctioning a loan.

What is a project report?

Project report is a detailed statement which lists down the upcoming costs and revenues covering quantitative and qualitative aspects of the project being considered for reporting.

This was a layman explanation and for financing purpose. Different type of project reports are prepared for different purpose.

What details should be covered in a project report for bank loan?

A project report should contain key matters such as details about project, capital requirement, utilisation of funds, expected return on investment, break even period, expected revenue and expenses over a period of time.

To be straight forward, a project report should be appealing enough to sanctioning authority to sanction your loan.

In some cases, banks do not require a details project report, instead they are happy with 2 sheets of projected profit &loss account and balance sheet.

Project report format in excel

You can download and use this format of project report for your personal use. This project report format was used by me for preparing project report for one of my client.

The client was a trading business. You can use it for any other business too, it is not limited to only trading business.

How to use downloaded excel project report format?

First download the project report for Mudra Loan format in excel file and save it on your system.

Open the downloaded excel project report file.

You will see different tabs in the file. The different tabs in file are:

• Project At Glance
• Profit & Loss statement
• Balance Sheet
• Depreciation
• Annexure - Debt coverage ratio
• Annexure - Return on Investment
• Assumptions

You need to fill the details in each sheet. Most of the formulas are automated and calculation will be done automatically.

In cover page, provide covering details.

Index has the listing of different sections of this reports.

Project at Glance tab is for details of projects and promoters.

Cost tab contains details of cost and utilization summary.

Profit and Loss statement is for revenue and expenses details for running and future periods.

Balance sheet tab is for Balance sheet.

Other tabs are self explanatory, if you have any doubt, leave a comment, I will guide on usage.

Project report for Mudra loan, Cash credit or OD, working capital

You can use this format for taking Mudra loan or availing Cash Credit (CC) or overdraft facility.

The attached project report contains many tabs but for Mudra loan you may need a simple format and for this you can remove other tabs except balance sheet and profit and loss statements.

Similarly you can use this format for taking OD and CC facilities from Banks. Mudra Loan scheme was launched by government to promote small businesses. Loans under Mudra are provided to MSME (Micro Small Medium Enterprises) units.

Comments: 6

You can use this excel format after downloading for Mudra loan. This format is used by banks to prepare project report for granting Mudra loans. This can also be used for MSME loan.

If you are applying for bank loan project report is must have document. You can download this excel file for preparing project report. However preparing report on using banking91 tool is easy, but if you need to prepare report for free, you can use this excel file. This excel file contains sample project report format in excel for school, trading business, company, llp, partnership firm. New business or existing business can use it.

I used this excel format for applying for Mudra Loan and I got loan using this MS Excel format. This sample report is perfect for any kind of loans. Though I have accounting knowledge so I could prepare project report using this excel file, but if you are novice use banking91 tool.

Best format for applying Mudra Loan. Pradhan Mantri Mudra Yojna requires a project report for granting loans. You can prepare report for Mudra loan using this MS Excel file and banks will accept the report.

This sample project report for bank loans in excel is perfect for taking loans. Banking91 project report tool is inspired by this very excel file.

Diskcripsan may kaya dalle

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• Public Sector Banks
• Private Sector Banks
• State operated cooperative banks
• Rural banks from regional sector
• Micro Finance Institution (MFI)
• Non-Banking Finance Company (NBFC)
• Small Finance Banks (SFBs)
• Other financial intermediary approved by Mudra Ltd. as member financial institutions

Interest rate

Upfront fee/processing charges.

• Shishu: Covering loans upto Rs.50,000/-.
• Kishore: Covering loans above Rs.50,000/- and upto Rs. 5 lakhs.
• Tarun: Covering loans above Rs. 5 lakhs and upto Rs. 10 lakhs.

Eligible borrowers

• Individuals
• Proprietary concern.
• Partnership Firm.
• Private Ltd. Company.
• Public Company.
• Any other legal forms.
• Address Proof
• Passport size photograph
• Applicant Signature
• Proof of Identity / Address of Business Enterprises

After Successful Registration

For shishu loan.

• Proof of Identity – Self- attested copy of Voter’s ID Card / Driving Licence / PAN Card / Aadhaar Card / Passport / Photo IDs issued by Govt. authority etc.
• Proof of Residence: Recent telephone bill / electricity bill / property tax receipt (not older than 2 months) / Voter’s ID Card / Aadhar Card / Passport of Individual / Proprietor / Partners Bank passbook or latest account statement duly attested by Bank Officials / Domicile Certificate / Certificate issued by Govt. Authority / Local Panchayat / Municipality etc.
• Applicant’s recent coloured Photograph (2 copies) not older than 6 months.
• Quotation of Machinery / other items to be purchased.
• Name of supplier / details of machinery / price of machinery and / or items to be purchased.
• Proof of Identity / Address of the Business Enterprise – Copies of relevant Licences / Registration Certificates / Other Documents pertaining to the ownership, identity of address of business unit, if any.

For Kishore and Tarun Loan

• Proof of Identity - Self attested copy of Voter’s ID card / Driving License / PAN Card / Aadhar Card/Passport.
• Proof of Residence - Recent telephone bill, electricity bill, property tax receipt (not older than 2 months), Voter’s ID card, Aadhar Card & Passport of Proprietor/Partners/Directors.
• Proof of Identity/Address of the Business Enterprise -Copies of relevant licenses/registration certificates/other documents pertaining to the ownership, identity and address of business unit.
• Applicant should not be defaulter in any Bank/Financial institution.
• Statement of accounts (for the last six months), from the existing banker, if any.
• Last two years balance sheets of the units along with income tax/sales tax return etc. (Applicable for all cases from Rs.2 Lacs and above).
• Projected balance sheets for one year in case of working capital limits and for the period of the loan in case of term loan (Applicable for all cases from Rs.2 Lacs and above).
• Sales achieved during the current financial year up to the date of submission of application.
• Project report (for the proposed project) containing details of technical & economic viability.
• Memorandum and Articles of Association of the company/Partnership Deed of Partners etc.
• In absence of third party guarantee, Asset & Liability statement from the borrower including Directors & Partners may be sought to know the net-worth.

Is Khadi Activity Eligible Under PMMY Loans?

Yes. MUDRA loans are applicable for any activity which results in income generation. As Khadi is one of the eligible activities under Textile sector and in case MUDRA loans are taken for income generation, the same can be covered.

Are MUDRA Loans Available For Purchase Of CNG Tempo/Taxi?

MUDRA loans would be available for purchase of CNG Tempo/Taxi, in case the applicant intends to use the vehicle for commercial purposes.

I Have A Savings Bank Account With the Bank, Would Loan Under MUDRA Be Available Based On The SB Account?

Yes. The applicant can approach the branch and apply for the loan in the format being provided by the said lending institution. The terms and conditions of the loan will be governed by the policies of the lending institution, based on the broad guidelines of RBI. The loan amount will be decided by the requirement of the proposed income generating activity and the repayment terms will be decided by the anticipated cash flow from the activity.

Under PMMY-Shishu Loans, What Is The Turn Around Time For Processing The Loan Proposal?

As per Banking Codes and Standard Board of India (BCSBI), set up by RBI, loan applications should be disposed off for credit limit up to Rs.5 lakh within 2 weeks.

Is It Required To Submit Income Tax Returns For The Preceding 2 Years For Availing Loan Of Rs. 10 Lakh Under PMMY?

Generally, IT returns are not insisted for small value loans. However, the requirement of documents will be advised by the concerned lending institutions based on their internal guidelines and policies.

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Preparing project Report for loan from Banks- MSME loan/Mudra loan

Whether you want to start a new business or a project or you want to expand your existing business, finance is the bloodline of any business. When you have a great idea but do not have any money to execute it, you could look for loan from banks & financial institutions.

Government has also come up with several schemes of loan & finances for various businesses especially the MSMEs. One could read about the benefits available to a MSME here

While there are many requirements to get a loan from bank and these requirements vary from bank to bank & according to the amount & type of loan you are looking for. In this article, we are going to discuss about how could a project report be prepared for the purpose of loan.

Project report for bank loan A project report for bank loan is a document which details out about a business or project for which finance is being sought. It contains the details about the financial, economic, managerial, technical aspects of the project or business in question.

Illustrative inclusions in the project report

a. Summary of the business/project: This talks about what the business or the project is, about the requirement of finance etc.

b. Scope & prospects of the business: Describe about the scope of the project, it’s current status & the prospects of future. It is about the technical & financial feasibility of the project.

c. Details about the promoters & other significant executives: Details out the profile, educational qualification, experience of the promoters & key personnel.

d. Resources required: Infra, machinery, knowhow etc.: Describe about the Infrastructure & technical requirements of the project, along with the cost & capacity.

e. Details about the target & prospective customers: State the consumer profile of the project in question, about the prospects of scaling up & target customers.

f. Investment required: Specify the details about the investment required along with the specifications. This is essentially the cost of the project.

g. Sources of finance: How the required funds are being sourced. Details about the owned & external funds.

h. Project financial statement: It includes the financial statements such as Balance sheet, Profit & loss account

i. Financial Projections: Quantitative projection on Income, expenses, sources of funds & application of funds

j. Ratio analysis: Computation & analysis of financial statements through key ratio & their implications is required.

k. Funds flow Statement: Details about the funds- from where it is sourced and the application of funds are included.

l. Breakeven analysis: Analysis of the breakeven point of the project, it’s feasibility in terms of cost & benefits

m. Conclusion: Conclusion about the project, about its strengths, weakness, opportunities & threats

Who makes the project report?

Project report is a crucial document which requires expertise in terms of qualification & experience of the person preparing it. Thus, it is prepared by professionals such as CAs, Ex-bankers & other finance professionals.

Check out the worksheet which could be used to prepare a project report –

Download Project Report Format in Excel

Disclaimer: The above post is only for the purpose of academic discussion and should not be construed as any legal opinion in any matter whatsoever.

(The author is a CA in practice at Delhi and can be contacted at: E-mail: [email protected], Mobile: +91-9811741451)

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Name: Abhinandan Sethia

Qualification: ca in practice, company: abhinandan sethia & associates, location: west delhi, delhi, india, member since: 26 may 2018 | total posts: 57, my published posts, join taxguru’s network for latest updates on income tax, gst, company law, corporate laws and other related subjects..

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16 Comments

I’m going to start seat cover stitching and selling business. I applied for 10 lakhs mudra loan and I need a project report with dscr.

i want project report on machine manufacturing for loan..please send report especially in govt organisation like PIPDIC and also I want the PDF FORMAT pls kindly send the details

Pl mail me at [email protected]

I want the project reports for manufacturing of Substation connectors and String hardwares

Sir, Please provide a Project Report (For small Units) 5- 10 lacs Bank Loan in excel format.

i want project report on machine manufacturering for loan..please send report

mail me at [email protected] so that we can discuss.

Please send project report on pu foam mattress

dpr for extension of school building for bank loan purpose in xls format

want to prepare project report for bank loan

I Need Container Truck(20 and 40ft Trailer) Business Loan Project Report

Pl mail me at [email protected] so that we can connect & discuss

i want project report for mudra loan.pls send charges.and can a sanction by bank from you?

Will need further details from you to quote the charges. Pl mail me at [email protected] so that we can connect & discuss

DEAR SIR I WANT SMAIL LONE PROJECT FORMET IN EXCLE

Can you please share the excel file with formulas

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Sharda Associates

Project Report For MUDRA Loan

(Get an accurate & bankable Project Reports for MUDRA Loan.)

MUDRA is a lending program designed to support small businesses financially through the PMMY Scheme . In order to support banks that lend to micro and small business units engaged in production, commerce, and service operations, the Government of India (GoI) formed the Micro Units Development & Refinance Agency Ltd (MUDRA).

The applicant must deliver a project report in order to be granted a MUDRA loan. The project report for a MUDRA loan must briefly mention important information about your company, such as the firm’s history, nature, raw material procurement, size of the personnel, profit, and return on investment.

Mudra Loan Eligibility 

As part of the Pradhan Mantri Mudra Yojana (PMMY) initiative, the Indian government developed Mudra Loans to help small  business  owners finance their operating costs and satisfy their financial demands.

Anyone who runs or owns a small business is eligible to apply for a Mudra Loan.

• The owner should be at least 18 years old, with a maximum age limit of 65 years for Mudra Loans.
• The loan limit must be less than ten lakh rupees.
• It should not be a farming-related small/micro business.

Why Choose Sharda Associates For Your Project Reports?

We‘re not only providing a project report, we‘re delivering an accurate document.  Our project reports  are accepted worldwide by Banks, NBFCs, Government Agencies, Angel Investors and Venture Capitalists.

Unlimited Revisions

You can make unlimited edits according to your needs without paying any single rupee. We help you to achieve all your targets through unlimited revisions.

Fast Delivery

You will get the  best reports  in least possible time. All the reports are customized reports, which are tailor made as per your requirements.

Competitive Price

Comparing the content quality & knowledge we put on our paper, our service fee are 60% lesser than other competitors.

Sample Report

(Click To View Sample Report)

If you need more details or have any query, tap the call button or Whatsapp us at

Generate Project Report In Just 3 Steps

Call us or leave a mail

You can reach us by calling on +91 7987021896 or mail us at [email protected] . 

Submit your details

Our personal executive will contact you within 24 Hours and will get all the required details needed for project report.

Get your report in just 24 hours

Relax or carry on with other important work. We will deliver the report on the date that we agreed upon.

Why You need Project Report For MUDRA Loan?

The Pradhan Mantri Mudra  Yojana’s Mudra loan program aims to aid small companies by providing them with financial assistance (PMMY). A government-sponsored initiative called the Micro Units Development & Refinance Agency ( MUDRA ) provides funding of up to INR 10 lakhs to persons who want to start new enterprises or expand their existing ones that are involved in manufacturing, trading, and service-related industries.

Loan under MUDRA

In accordance with the funding requirements and stage of the firm, MUDRA divides the loan programme into three general categories:

1. Shishu: Loan of upto Rs.50,000

2. Kishor: Loans of above Rs.50,000 to Rs.5 lakhs.

3. Tarun: Loans of above Rs.5 lakhs to Rs.10 lakhs.

Get MUDRA Project Report

Contents of MUDRA Loan Project Report

Our detailed project report will include the following details. Our Mudra loan project report is professionally crafted and completely complies with both the banks’ Guidelines and the Govt. Of India

A project report well prepared increases the possibility for sanctioning loan. If you need project report for your business Contact us.

Our Project report broadly includes:

• Introduction

• Business Profile

• Market Potential

• Assumptions and Presumptions

• Estimations and projections

• Technical aspects

• Operational aspects

• Financial aspects

• Profitability and Ratio Analysis

(15-30Pages)

The MUDRA project report is valid for bank loan application up to INR 10 Lakhs. We ensure that the project report covers all the aspects and is fully complied with the guidelines issued by Government and Bank.

Still confused? Start your business with few of the projects listed here:

• Project Profile on Flour Mill

• Project Profile on Manufacturing of Palm Plate

• Project Profile on Papad Manufacturing

• Project Profile on Roasted Rice Flakes

• Project Report on Foot Wear

• Project Report on Note Book Manufacturing

• Project Report on Pickle Unit

• Project Report on Readymade Garments

• Project Report on Wooden Furniture Manufacturing Unit

• Rubberized Coir Manufacturing Project

• Sanitary Napkin Manufacturing Project

• Toilet Soap Manufacturing Unit

• Banana Fibre Extraction and weaving

• Computer Assembling

• Dairy Products

• General Engineering Workshop

• Light Engineering

• Manufacturing of Paper Napkins

• Manufacturing of Paper Products (Paper Cups)

• Metal Based Industries: Agricultural Implements, Cutleries & Hand Tools

• Project Profile on Bakery Products

• Project Profile on Desiccated Coconut Powder

• Project Profile on Steel Furniture

• Project Profile on Curry and Rice Powder

• Project Profile on Detergent Power and Cakes

• Tomato Sauce Manufacturing Unit

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Tata Capital > Blog > Loan for Business > Mudra Loan: For Small Business Loan under PMMY

Mudra loan: for small business loan under pmmy.

An economic survey from 2021-22 branded India as the world’s third-largest startup ecosystem. Another report suggests that startups will contribute 4-5% of India’s GDP between 2022-2027.

Startups are an integral part of the Indian economy, and the Government recognises this. This is why it even launched schemes to boost the zeal of Indian entrepreneurs.

The Pradhan Mantri Mudra Yojana (PMMY) is one such government initiative which helps in providing financial support to small and micro enterprises in India.

Curious to know more about the Mudra loan? Then read on. 

What is a Mudra loan for business?

Introduced in 2015, the Mudra in Mudra loan stands for Micro Units Development and Refinance Agency. The slogan of the Mudra loan is “Funding the unfunded”, aiming to empower small-scale businesses in India. 

With the easy loan process and lower interest rates of the Mudra loan, the Government aims to support micro-businesses in trading, manufacturing and services. It also helps to empower women entrepreneurs or business owners in marginalised communities by providing them with concessional interest rates.

During FY 2022-23, about 6,23,10,598 such loans got sanctioned, and the Government disbursed loans amounting to Rs. 4,50,423.66 crores.

Here are some additional details about the loan you should know about.

Types of loans

The Mudra loan for business has been classified into three different categories based on the disbursed loan amount:

Benefits of Mudra loan

The Mudra loan is designed to benefit and encourage the growth of small businesses:

1. Collateral-free loan : The Mudra loan is a type of unsecured loan. This means you don’t have to put up any security as collateral to the lending institution. A collateral-free loan reduces mental stress and helps you focus on business growth without worry. 

2. Loans for specific business needs : The biggest benefit of the Mudra loan is that you can find a loan suited for the size of your business and its purpose. Besides, the loan eligibility requirements are lower for loans of lower amounts, and one can get a loan through the scheme at both banks and NBFCs. This makes it easier for new business owners to obtain a business loan.

Note that businesses can also secure sector-specific loans through the Mudra scheme. For instance, they can avail of loans if they are engaged in businesses that involve food processing, poultry farming, etc.

3. Low interest rates : Unlike traditional loans, business owners can use the Mudra scheme at lower interest rates. This does two things. It makes loan repayments more manageable and allows business owners to direct their funds to run other essential aspects of their business.

4. Easy loan disbursal : The Government has directed financial institutions to provide a streamlined loan approval process. With minimal documentation and complications, applying for the Mudra loan has become more accessible.

5. Fees : The Mudra loan has reduced certain extra charges from business loans. There are no foreclosure charges and no processing fees. This means business owners can repay the entire loan amount before the term ends without incurring additional costs. Plus, they save up to 0.5% of the total loan amount, which typically accounts for processing fees.

Business activities that entrepreneurs can finance through a Mudra loan

The Mudra loan is targeted towards non-farming and non-corporate startups and MSMEs. The following types of business activities are eligible for this scheme:

Loan eligibility 

Before you apply for the PM Mudra loan, check for the required eligibility criteria:

1. You must be an Indian citizen with a small business or partnership firm

2. You must be at least 18 years old and at most 65 years old

3. The business segment must be trading, manufacturing or service related

4. Loan requirements should not be related to farming activities

5. Should have a good credit score and loan repayment history

6. Enterprises, including sole proprietorship, LLPs, NGOs, co-operative societies, Pvt. & Public Ltd. Companies can apply for the loan

Documents required for Mudra application

When you apply for the Mudra loan online, you will have to submit the following during the application process:

Looking to get Mudra loan online? Apply today

As a growing economy with much potential, the Government is making amends to boost entrepreneurship in the country. If you have a unique business idea, take advantage of these schemes and embark on the journey into the business world.

Looking for an alternative to the Mudra loan? Apply for a business loan with Tata Capital. We offer low-interest business loans, flexible terms and a hassle-free application process. Visit our website to learn more.

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What is a Mudra Loan? Features, Eligibility & More

Everything you need to know about mudra loan.

Micro Units Development and Refinance Agency (MUDRA) loans are micro-loans that are available under the Pradhan Mantri Mudra Yojana (PMMY). MUDRA loans are targeted to aid and relieve the MSME sector by freeing them from the inconvenience of liquidity crunch.

These loans are readily made available to the concerned persons, and they are largely accessible by connecting the lending partners all across India. The type of loans under this scheme can be widely categorised into three major types on the basis of requirements like the quantum of loan and business stage

The maximum loan that can be provided under the Pradhan Mantri Mudra Yojana is around ₹ 10,00,000 and it is applied under the 'Tarun Scheme'.

An Introduction to the Project Report and its Contents

Just like any other business loan, MUDRA loans also require the borrowers to show a project report during the time of their loan application submission. The project report is an extremely important document that is required to initiate the loan application and sanction process.

The project report has to be furnished to apply for a MUDRA loan under the 'Tarun' or 'Kishore' category. The loans under the 'Shishu' scheme are most likely to be available easily to small business owners and they do not generally require the borrowers to provide a detailed project report along with their loan application.

What is a Project Report?

A project report is a document that offers a detailed account of the business proposal. It also provides the cost-benefit analysis, project implication of the proposed expenditure, and overheads for which the loan is sought.

Project report gives an overview of the project concept, scale of its activities, existing debts, project revenue, and more. The project report has to be precise and must contain valid data so that it can be easily approved and accepted by the loan authorities.

To initiate the application to obtain a MUDRA loan, the major contents in any project report that are needed are the cost of benefit analysis of the proposed expenditure, a detailed account of the business and entrepreneur, and more.

So, below mentioned are the major contents that a project report must essentially have-

• General business profile or information such as the area of products/ Business, services, achievements, duration of the existence, etc.
• The central aim, budget, and target of the proposed business enterprises and investment for the same.
• Details of the plant, machinery, equipment, and other accommodations required for initiating the business proposal or sustenance.
• Business quotation and detailed business plan from at least two sellers/ vendors specialised in the same sector.
• Types of business development and manufacturing processes that are involved in the execution of the proposed plans.
• Partner details, transportation cost, marketing, and promotional activities , strategies, and other requisites that are involved in the business of product development.
• Information about the third party participant or investors involved in project execution.
• Business revenue projections and conclusion of the report.

The aforementioned is a list of project report contents that are required by the lenders. Many loan lenders have specific requirements in terms of accepting the project reports. However, the main requisite with respect to MUDRA loan is the project report that has to be accurate and factual, or it may lead to the rejection of the whole loan application. This can also eventually affect the credit score of the borrower therefore project report has to be made with due concern and as per the guidelines.

Advantages of MUDRA Loan

Some of the most crucial advantages of MUDRA loan are mentioned below-

• The borrower gets easier access to the loan worth ₹10,00,000
• Collateral free loan
• Minimum interest rate as compared to the business loan products and other proposals.
• Comfortable repayment duration up to 5 years (or more in specific cases).
• Flexible repayment options as per the terms and conditions of the money lender.
• A revised definition of the sector (MSME) that offers a wide scope of eligibility under the scheme of MUDRA loan thereby supporting more businesses.
• Interest subvention of around 2% to 'Shishu Loan' under PMMY

A Glance at MUDRA Loan

The Pradhan Mantri Mudra Yojana was launched in 2015 with an objective to offer credit up to rupees 10 lakhs to small and medium entrepreneurs. This scheme acts as a regulator for the micro-finance institutions (Mafia).

MUDRA Yojana targets skilled workers, educated professionals, and entrepreneurs and ensures their interests. This scheme is specially designed to encourage and promote the axis of financial amenities to non-corporate small business sectors (NCSBS) that can turn them into the driving forces for Employment generation and GDP growth.

The MUDRA loan is offered under the Pradhan Mantri Mudra Yojana (PMMY) to the non-corporate micro and small businesses and non-farming enterprises. These bodies can avail of a loan up to 10 lakhs under the development of the micro-unit and refinance agency Ltd scheme. This loan is accessible in three broad categories i.e. Shishu, Kishore, and Tarun for signifying the stage of business growth, developing and funding the requirements of the beneficiary business/ entrepreneur, and to offer a reference point for the next phase of their business growth.

The features of the MUDRA loan scheme

MUDRA Yojana offers refinancing support to the banks for small businesses having a loan requirement up to rupees 10 lakhs. The applicant can approach the amount to any leading institution.

The core features of this scheme are-

1. Loan amount - The scheme considers maximum loan amount up to rupees 10 lakh, which is further segmented as-

• Loan of up to ₹ 50, 000 under the 'Shishu' category.
• A loan from ₹ 50, 001 to ₹ 500, 000 under 'Kishore' category.
• A loan from ₹ 500, 001 to ₹ 10, 00, 000 under 'Tarun'.

2. Processing- processing fee is zero for Kishore and Shishu loans. However, there is a 0.5 % loan amount for the ‘Tarun’ loan

3. Eligibility criteria - New and Existing Units

4. Repayment period - 3 to 5 years

5. Minimum Age - 18 years

6. Maximum Age - 65 years

7. Collateral - No third party security or collateral is required.

8. Documents- residency proof, identity proof, etc.

The Motive Behind Pradhan Mantri Mudra Yojana

The MUDRA loan scheme can be availed for performing multiple income-generating programs for activities like-

1. Commercial vehicle

This supports purchasing commercial transport vehicles like auto-rickshaw, tractor, taxi, trolley, goods transport vehicles, and many more.

2. Service Sector Activities

Starting any business like gym, salon, tailoring shop, repair shop, medicine shop, photocopy shop, dry cleaning shop, etc.

3. Food and Textile Sector Activities

Multiple activities involved in the food and textile sector, third party involvement, and more.

4. Traders and Shopkeepers Business Activities

Setting up service enterprises, shops, trades, business activities, non-farm incomes, etc.

5. Equipment Finance Scheme

This is for the micro-business units where the maximum loan amount is around ₹ 10, 00, 000.

6. Agri-Allied Activities

This involved the activities related to the agribusinesses or agriculture clinics, food, and agro-processing units, beekeeping, livestock rearing, dairy, fisheries, etc.

Eligible Borrowers of MUDRA Loan

The borrower of the loan should not be bankrupt or a defaulter of  any financial institution or Bank. The concerned person should also have a clean and satisfactory credit track record. Individual borrowers of the loan are required to have the necessary skills/ knowledge/ experience/ requisites to undertake the business proposition or plan. The requirements to have educational qualifications are needed for assessing the application based on the nature of the business plan or proposed activity.

• Individuals
• Proprietary concern
• Private limited company
• Partnership firm
• Public company
• Any legal firm

A MUDRA card is more like a debit card that gets issued to the borrower or loan applicant who is applying for the amount. When the loan applicant applies for the loan process, and if it gets approved then the bank or borrower can open a loan account. The loan amount is dispersed in the account so that the concerned person or borrower can debit the amount whenever required.

1) What is Business Loan? A Complete Guide. 2) How To Get Small Business Loan From Government? 3) How is the Government helping Small Businesses & Startups fight the financial crisis? 4) Schemes Initiated by the Government to Help Women Entrepreneurs

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Project Report Bank

Project Report for Mudra Loan

Whether you want to start a new business or a project or you want to expand your existing business, finance is the blood of any business.  When you have a great idea, but no money to execute it, you can look for loans from banks and financial institutions.

There are many requirements to get a loan from a bank and these requirements vary from bank to bank and according to the amount and type of loan you are looking for. In this article, we are going to discuss how the project report can be prepared for loan.

Mudra loans, like any other commercial loan, require the submission of a project report for lending under the Tarun or Kishore category. Loans under the Shishu scheme are the most readily available loans for small businesses and borrowers are generally not required to present project reports with applications.

 A project report is a document that describes the business. It provides a detailed cost-benefit analysis of the proposed expenditure for which a business loan is sought. It provides the audience of the report with a detailed idea of ​​the project cost, scale of activities (proposed and existing), existing debt (if any), revenue estimates, and more.

The project report should be complete and with valid data so that it can be easily accepted and approved for approval of loans under PMMY.

Our experts can prepare an excellent project report for Mudra loan, click here for more details and message us on what’s no. 9993234091.

How to create a Mudra Loan Project Report?

Table of Contents

• 1 How to create a Mudra Loan Project Report?
• 2 Why do I need a project report for a Mudra loan?  What is the role of the project report in Mudra loan approval?
• 3 What are the benefits of the project report for the Mudra loan? 
• 4 Can the project report prepared by https://projectreportbank.com/ be used for the MUDRA loan?
• 5 Which business projects are covered under the Mudra loan?
• 6 Frequently Asked Questions on Mudra Loan Project Report
• 7 Is it easy to get the Mudra Loan Project Report Download?
• 8 Can I get the Mudra Loan Project Report sample pdf?
• 9 Where can I get the Mudra Loan Project Report format in the doc?
• 10 How to get the loan form of Mudra Loan?
• 11 Where can I get the Mudra Loan form?
• 12 Is a guarantor needed for the Mudra Loan?
• 13 Can I get a Mudra Loan if I am not in India?
• 14 Can I get a Mudra Loan for a small-scale Business?
• 15 Do I need to pay any processing fees for the Mudra loan?
• 16 I am 18 years old, Can I apply for Mudra Loan?
• 17 Can I open a grocery store from Mudra Loan?
• 18 Is there any format for the Mudra Loan Project Report?
• 19 From where can I avail Mudra Loan?
• 20 Who can avail of a Mudra Loan?
• 21 What is the interest rate for Mudra Loan?
• 22 Is the rate of interest for Mudra Loan low?
• 23 How do I write a project report to avail loan?
• 24 How can I write a business project report?
• 25 How to create a project report on MSME Loan?
• 26 What are the components of the Mudra Loan Project report?
• 27 What is the Mudra Loan Project Report Model?

A project report for a bank loan is a document that gives details about a business or project for which finance is being sought. It contains details about the economic, financial, managerial, technical aspects or business of the project.

a.  Business / Project Summary: It talks about what the business or project is, about the need for finance, etc.

b. Business Prospects and Prospects: Explain the scope of the project, the current situation and prospects.  It is about the financial and technical feasibility of the project.

c.  Details about promoters and other important officers: Profile, educational qualification, details of promoters and key personnel experience.

d. Required Resources: Machinery, Infra, knowhow etc.: Explain the cost and capacity as well as the infrastructure and technical requirements of the project.

e.  Details about targets and prospective customers: Explain the project’s consumer profile about the possibilities of scaling and targeting customers.

f. Investment Requirement: Specify details about the required investment along with specifications. This is essentially the cost of the project.

g. Sources of Finance: How essential funds are being sourced. Details about ownership and external funds.

h. Project financial statement: It includes financial statements such as balance sheet, profit and loss account.

 i. Financial Estimates: Quantitative projection on income, sources of funds, expenditure, and application of funds.

j.  Ratio analysis: Financial statements need to be calculated and analyzed through key ratios and their implications.

k.  Fund Flow Statement: Details about funds from where it is sourced and the application of funds.

l. Brief analysis: analysis of the broken point of the project, this is feasibility in terms of cost and benefit

m. Conclusion: Findings about the project, its weaknesses, strengths, opportunities and threats. 

The above is not an exhaustive list of project reports required by the lenders. Many lenders may have specific requirements related to the project report and may also be sought with the help of a professional in preparing the project report.

The main requirement in this regard is that the project report should be complete and factual otherwise it may lead to rejection of the loan application. This in turn will harm the credit score of the applicant. Therefore, project reports should be made with the utmost care and following the necessary lender guidelines.

Lenders will examine the project report with a fine comb and therefore all the details provided by the applicants can be verified by experts.

Why do I need a project report for a Mudra loan?  What is the role of the project report in Mudra loan approval?

Thus, a project report for bank lending is required to avail funds and loans from financial institutions and banks.

Every businessman is always ready to expand his business for which he needs money. The funding will come from banks NBFCs or private equity funding. Now, to obtain funds from banks as well as other financial institutions, every entrepreneur needs to prepare a detailed business plan which is also known as a bank loan project report for feasibility report or feasibility report.

When an entrepreneur imagines a business idea, he thinks a lot about its feasibility.  However, if he does not write the same and makes a detailed calculation of the costs and benefits involved, he cannot guess whether it is feasible and the idea is eventually dropped. Therefore, it is always appropriate to prepare a detailed business plan or project report to understand whether it is practical or not.

Failure to present a clear-cut project report can result in rejection by the bank and then you will have to reapply or reconsider the information entitled in the report. So, if you have any doubts or any questions regarding the preparation of the project report of the bank loan, then contact us through the Whats app or email.

What are the benefits of the project report for the Mudra loan? 

Mudra loans are mainly for people setting up small businesses and hence the government has ensured that there is not much delay in disbursement of Mudra loans. Once the project report is submitted for the Mudra Bank loan, there is hardly a small phase for approval and disbursement of the loan.

What is the project report for the Mudra loan?

The major part of a Mudra Loan or other business loan is the “Project Report”. A project report will help you understand the nature of your business, procurement, process, job opportunities, profitability and ROI. This will clarify how ready or honest you are for your startup.

The project report should be clear, meaningful and understandable as it will represent you in your absence. Its report should be in detail with facts and figures along with development. Incomplete project reports or mysterious data may cause rejection and rejection will lower your CIBIL score.

A project report for a Mudra loan includes many things like your personal, educational and professional details. The bank can ask about the experience of that field and many other questions related to the field, experience to check eligibility.

Is a project report mandatory for a Mudra loan?

No, there is no requirement for a project report for the Shishu loan but the Tarun and Kishore project report is mandatory to understand the business process.

What if my Mudra Loan project report gets rejected?

If in any way the project report submitted for a bank loan is rejected by the bank, the business firm applying for the loan can prepare the report of any other project and apply the project report to any other bank or financial institution. It is important to note that this may not be the only reason for the rejection of a loan.

Is there a specific format for making a project plan report for the Mudra loan?

No, there is no fixed or bank-approved format for project planning for the Mudra Bank loan. However, some information, such as market size and technical aspects, can be added to the Mudra loan project plan.

Who prepares the project report?

Project reports can be prepared by business entrepreneurs or they can hire the services of our website www.projectreportbank.com for the PMMY Project Report .

Does the bank verify the information given to me in the Mudra Loan application?

Of course! Before issuing a loan to a business, the bank verifies the financial statements and other information presented in the project report. Therefore, it is advised that banks prepare a clean project report for the loan with all the necessary details regarding the financial projects of the business. However, the data provided in the financial projections are based only on a base decision basis and cannot be verified, bankers need to examine the feasibility of the assumptions made.

Need to sign Mudra Project Report for Bank loan/seal by CA?

No, CA is not required to be signed or stamped for submission of the Mudra Loan Project Report in the bank, it is a plan or future data submitted by an entrepreneur to the bank or institution where the loan is applied for.

Can the project report prepared by https://projectreportbank.com/ be used for the MUDRA loan?

Yes, the Project Report for Mudra Loan is prepared by our expert. You can use our Mudra Loan Project Report to apply.

Why is a professionally created project report required?

A project report is a foundation document for analyzing the future performance of an entity and is a very important document for forming an opinion about the future of the company or business entity.

• To avail of working capital loans, term loans and other loans from banks or financial institutions.
• To make a presentation to get the equity participation of the investor.
• To structure/restructure the firm’s bank lending / financial and business strategies.
• For buy, to start or to start a new business.
• To properly dispose of an existing business.
• Also, to assess the value of the project or business.

Which business projects are covered under the Mudra loan?

Mudra loans are extended for various purposes resulting in employment generation and income generation. Loans are mainly extended to:

• Business loans for traders, sellers, shopkeepers and other service sector activities
• Working capital loan through MUDRA card
• Equipment Finance for Micro Units
• Transport Vehicle Loans – For Business Use Only
• Loans for agricultural-related non-agricultural income-generating activities, e.g.   Beekeeping, Fisheries. Poultry, etc.
• Tractors, tillers as well as two-wheelers are used for commercial purposes only.

Following is a list of activities that can be covered under the MUDRA loan:

1) Transport Vehicle

Purchase of transport vehicles for transportation of goods and passengers such as auto-rickshaws, small freight transport vehicles, e-rickshaws, 3-wheelers, taxis, etc.  Tractor trolleys, tractors, and power tillers that are only necessary for industrial purposes are also liable for PMMY assistance. Two-wheelers that are running for industrial purposes are not covered in PMMY.

2) Community, social and personal service activities

Salons, gymnasiums, beauty parlours, boutiques, dry cleaning, sewing shops, bicycle and motorcycle repair shops, DTP and photocopying, medical shops, facilities, courier agents, etc.

3) Food Products Sector

Activities such as pickling, papad making, jam/jelly making, agricultural produce protection at the village level, sweets shops, small serving food stalls and daily catering/canteen services, cold storage, cold chain vehicles, ice making units, biscuits, ice cream units, bread and bun making , etc.

4) Textile Product Area / Activity

Handloom, khadi activity, powerloom, brocade and zardozi work, traditional embroidery and hand work, traditional dyeing and printing, weaving, garment design, computerized embroidery,  cotton weaving, sewing and other textile non-garment products such as vehicles  Accessories, bags, furnishing of goods, etc.

5) Business loans for merchants and shopkeepers

Financial assistance for lending to individuals for their shops/business and business activities/ service enterprises and non-farm income generating activities, which are activities with a size of beneficiary loan up to 10 lakhs per enterprise/borrower.

6) Equipment Finance Scheme for Micro Units

With a beneficiary loan size of up to 10 lakhs, micro-enterprises can be started by purchasing machinery and equipment.

7) Activities allied to agriculture

‘Activities allied to agriculture’, e.g. Beekeeping, Poultry, Fisheries, Livestock farming, Sorting, Grading, Aggregation Agro industries, Agri-clinics, Fisheries, Agribusiness centres, Food and agro-processing, etc. (excluding land improvement, crop loans, such as canals, wells, and irrigation) and supporting services that foster livelihoods or generate income would be covered under the PMMY.

Frequently Asked Questions on Mudra Loan Project Report

Is it easy to get the mudra loan project report download.

If you want to avail the Mudra Loan in agisting of time you need to prepare a project report. If you want to get a Mudra loan then you need to prepare a project report. If you do not know how to prepare it, you can use our services. We will make the project report available to you for download in a very short time.

Can I get the Mudra Loan Project Report sample pdf?

It is not that difficult to get the Mudra Loan Sample PDF. Our website gives you instant access to the project reports of MUDRA loans. You can send us a request on WhatsApp to get a sample project report

Where can I get the Mudra Loan Project Report format in the doc?

If you are looking forward to availing a Mudra loan, you can take the help of our experts in preparing the project report. You can request us on WhatsApp to make the project report available in doc format.

How to get the loan form of Mudra Loan?

You can download it online free of cost or get one from the branches of all the banks.

Where can I get the Mudra Loan form?

The Mudra loan form is available in all the bank branches in India. PM has allowed all the banks to provide you facility of Mudra Loan so you can get the loan form from any Indian bank.

Is a guarantor needed for the Mudra Loan?

No, I do not need a guarantor for Mudra Loan. You don’t even require an upper age limit to acquire this loan.

Can I get a Mudra Loan if I am not in India?

You can still get a Mudra Loan. Contact the nearest branch of the bank and get it done.

Can I get a Mudra Loan for a small-scale Business?

Yes, you can get a mudra loan for a small-scale industry in India but it is usually less than 10 lack rupees.  

Do I need to pay any processing fees for the Mudra loan?

You need not pay any processing fees when you apply for a Mudra loan online.

I am 18 years old, Can I apply for Mudra Loan?

If you are 18 years you can avail Mudra Loan. Anyone below 18 years of age cannot get it. Using this money you can become an entrepreneur.

Can I open a grocery store from Mudra Loan?

With a Mudra loan, you can avail yourself of money of amount 10 lakhs. So you can instantly start a grocery store with a Mudra loan in your village or city.

Is there any format for the Mudra Loan Project Report?

As there is no exact format for the Mudra Loan project report. But you need to include everything related to your planned business plan to avail Mudra Loan. You can thus check out the procedure to avail of Mudra Loan on our website.

From where can I avail Mudra Loan?

Mudra Loans are given by all the eligible financial bodies in India as directed by the Reserve Bank Of India be it a public or a private bank. For example, all the nationalized, cooperative and rural banks can give you Mudra Loan.

Who can avail of a Mudra Loan?

Mudra loans can be availed by all individuals and startup companies on a small scale and medium scale. Business owners, manufacturers, artisans, vegetable and fruit sellers etc can also avail of the Mudra Loan.

What is the interest rate for Mudra Loan?

The interest rate of Mudra Loan is expected to be lower than the interest rate of other loans.

Is the rate of interest for Mudra Loan low?

The rate of interest of Mudra Loan is low in comparison to other types of bank loans.

How do I write a project report to avail loan?

The sequence to write the project report for a loan is below. Business background Client profile The short and long-term objectives Analysis of market Assessment of market Financial and operational plan

How can I write a business project report?

Using the keys to an effective business report below, you can write a business project report. Handover the project report on time. The report is expected to be there on time and delay defeats the purpose of the report. Providing complete but incorrect information is bad and the loan may not approve. You must not try to cover up the negative news as the details should be made transparent. Stay proud of your team and its achievements.

How to create a project report on MSME Loan?

The first step is to describe the objective and then think about the purpose of the project report. Next, you must try to understand the target audience and create a formal project report for the stakeholders. Format the report carefully. Present the data and facts effectively. The report structure should be effective. The project report should be easily readable.

What are the components of the Mudra Loan Project report?

Following are the components of the project report Mudra Loan. Objective Area of Expertise Budget Details of tools Commercial details Profile of Company Order details Employee information Logistics Advertising Marketing

What is the Mudra Loan Project Report Model?

MUDRA is financial help that is given by banks to support and protect small-scale businesses and encourage entrepreneurs in the country, To avail Mudra loan, you need to create a project report that provides all the details about your business. It is called the Mudra loan project report model. This helps you to get finance from banks very quickly and you can easily start your new startup in India. The most important information relating to your business like company background, profit, number of employees, return of interest etc should be included in the project report for Mudra Loan. Hiding facts and providing false information or misrepresenting data can lead to reducing your credit score. It is thus advised to include personal and professional details that are genuine to get attractive Mudra Loans.  

Official Website of Loan Scheme:- https://www.mudra.org.in/

Also, Read our article on:-

• Bank of India Mudra Loan Scheme
• Mudra Loan Scheme Purpose, Features, and Offerings
• Bank of Baroda Mudra Loan Scheme

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Project Report Format for Bank Loan

If you need a bank loan to start your dream business, a project report is a necessary document. Struggling to make one? Don’t know the format for the project report? Don’t worry, you are at the right place!

In this blog, we will discuss about: 1) What is a project report? 2) Why do you need it? 3) How can you prepare a convincing project report?

1) What is a project report?

A project report is a mandatory document that outlines different aspects of the business or startup project. It should contain the project’s details, feasibility, and financial requirements. Here comes the next question, why does someone need this?

2) Why do you need it?

There are several reasons which show project reports as a must. Some of them are listed below:

• Project reports will help the bank assess your project’s success rate and can thereby make sure that you can repay the loan.
• It will help the bank understand the project’s risks and rewards.
• Submitting a decent project report shows the lender that you have done enough homework and is serious about the project. The project report also provides information about your qualifications and experience.

3) How can you prepare a convincing project report?

The format of a project report varies from loan to loan. However, a strong and convincing project report should contain the following:

• Executive summary : An executive summary is a short summary containing the business’s overall status. It should be concise and should provide an overview of the entire project.
• Project description : It should explain the project’s nature, purpose, scope etc.
• Details of promoters : The details of the promoter’s skills, qualifications and experience should be mentioned.
• Details of Employees : Like the promoters, the details of the employee’s skills, qualifications and experience should also be mentioned.
• Production plan : This includes the details such as plant and machinery, raw material used and steps in the manufacturing process.
• Market analysis : It conducts research about the market to understand the demand for your product and services.
• Marketing plan : This provides the details about the marketing and sales strategies of your product/service.
• Project cost estimation : It’s the estimated expense that arises at the time of building the project.
• Balance sheet : All accounts will be visible on the balance sheet so that the lender can see where the money was spent.
• Profit and loss account : It shows whether the company is making a profit or a loss.
• Cash flow statement : It allows the lender to understand whether you have the ability to repay the loan.
• Loan repayment plan : This section should provide a well-defined plan for repayment of the loan.
• Break-Even point evaluations : It shows the point at which the project revenue equals its expenses.
• Conclusion : Lastly, Conclude the report by summarizing the key strengths of the project. Make it short and compelling.

Still, having trouble creating one? Let us help you. Our expert team at Finline helps you craft a compelling project report in less than 10 minutes. That too in your language. Our reports are accepted by all public and private sector banks working in India. Click to create your report.

Now there is nothing stopping you from starting your dream business. Begin your journey with Finline right away!

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Related posts, fostering entrepreneurial spirit: navigating through the 2024-25 interim budget with finline, the future of ai in project reporting: a comprehensive guide, business expansion blueprint: project report for msme loan, from farm to finance: project reports in agriculture, from idea to report: the journey of a new business project.

Mudra Loan - Pradhan Mantri Mudra Yojana

What is a MUDRA Loan?

The Pradhan Mantri Mudra Yojana (PMMY) provides loans to non-farming and non-corporate micro and small enterprises. These enterprises can avail loans up to Rs. 10 lakh under the Mudra scheme.

Disclaimer: We have discontinued this product (Mudra loan) at this time. Please contact us on +91-8698010101 to know more about the current financial services provided by us.

Features of the Pradhan Mantri Mudra Loan

1. shishu mudra loan.

Under the Mudra loan scheme,  Shishu loan provides up to Rs. 50,000 to entrepreneurs who are either in the nascent stages of business or looking to start one. Borrowers also have to provide details of the machinery supplier.

2. Kishor Mudra loan

Under the Mudra loan scheme,  Kishor loan offers up to Rs. 5 lakh to those looking for additional funds to expand their operations. Borrowers also have to provide a report containing the economic and technical viability of the business.

3. Tarun Mudra loan

Under the Mudra loan scheme, Tarun sanctions up to Rs. 10 lakh if the business owner meets certain eligibility criteria.

While this scheme does offer financing, an unsecured  business loan  from Bajaj Finance may give you access to a higher sanction. On meeting the simple criteria and furnishing minimal documentation, you can get approved for up to Rs. 80 lakh* in under 48 hours.

*inclusive of insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees.

Benefits of MUDRA loan

MUDRA loan aims to promote entrepreneurship and self-employment among the underprivileged sections of society. Some of the benefits of MUDRA loan are:

• Easy and affordable: MUDRA loan does not require any collateral or guarantor and has a low interest rate. The loans can be availed from various banks, NBFCs, MFIs, and other financial institutions. The loan application process is simple and online.
• Flexible and customised: MUDRA loan has three categories - Shishu, Kishore, and Tarun - to suit the different stages and needs of the borrowers. The loan amount ranges from Rs. 50,000 to Rs. 10 lakh. The loan can be used for various purposes such as working capital , machinery, equipment, raw materials, etc.
• Inclusive and empowering: MUDRA loan targets the marginalised and vulnerable groups such as women, SC/ST, OBC, minorities, rural and urban poor, etc. The scheme helps them to start or expand their own businesses and generate income and employment. The scheme also provides training, mentoring, and credit support to the borrowers.

Mudra loan eligibility

Mudra Loans, under the Pradhan Mantri Mudra Yojana (PMMY), aim to provide financial assistance to micro-enterprises and small businesses. Here are the eligibility criteria:

• Individuals or entities engaged in income-generating activities such as manufacturing, trading, or services are eligible.
• Loan applicants must be Indian citizens aged 18 to 65 years.
• The business should fall under the non-farm income-generating category, excluding agriculture and allied activities.
• Borrowers must have a viable business plan and demonstrate the ability to repay the loan.
• Loan amounts vary depending on the borrower's business needs and repayment capacity.

Required documents for Mudra Loan

When applying for a Mudra Loan, applicants need to provide specific documents to support their loan application. Here are the required documents:

• Identity proof such as Aadhar Card, Passport, Voter ID, or Driving License.
• Address proof, including utility bills, ration card, or rent agreement.
• Business plan outlining the purpose of the loan and expected outcomes.
• Proof of business ownership or registration documents, such as GST registration or business license.
• Bank statements or financial documents demonstrating the applicant's repayment capacity.
• Any other documents as specified by the lending institution, such as income tax returns or collateral documents.

Steps to apply for Mudra Loan online

To apply for a Mudra Loan online, follow these steps:

• Visit the official website of the Mudra Loan portal or the website of a participating bank.
• Register as a new user and create an account on the portal.
• Complete the loan application form with accurate details about your business, loan amount required, and repayment capacity.
• Upload the required documents, including identity proof, address proof, business plan, and financial statements.
• Review the application carefully and submit it online.
• Track the status of your application through the online portal or contact the bank for updates.
• Once approved, complete any additional documentation and formalities required by the bank to disburse the loan amount.

Steps to apply for Mudra Loan offline

To apply for a Mudra Loan offline, follow these steps:

• Visit a participating bank branch or financial institution offering Mudra Loans.
• Request a loan application form from the bank's loan officer.
• Fill out the application form with accurate details about your business, loan amount required, and repayment capacity.
• Attach the required documents, including identity proof, address proof, business plan, and financial statements.
• Submit the completed application form along with the documents to the bank officer.
• The bank will review your application and verify the documents.
• Once approved, complete any additional formalities required by the bank to disburse the loan amount.

Frequently asked questions

MUDRA Loan is a business loan scheme under the Pradhan Mantri Mudra Yojana (PMMY) that provides loans up to Rs. 10 lakh to non-corporate, non-farm small or micro enterprises.

Mudra offers three categories of loans based on the stage and needs of the borrowers: Shishu (up to Rs. 50,000), Kishor (Rs. 50,000 to Rs. 5 lakh), and Tarun (Rs. 5 lakh to Rs. 10 lakh). The loans can be used for various purposes such as working capital, machinery, equipment, etc.

The rate of interest applied on MUDRA loans varies from bank to bank and depends on the risk factor and the loan amount. The interest rates start from 7.30% p.a. and can go up to 18% p.a.

MUDRA loans do not require any collateral or guarantor from the borrowers. To mitigate the risk of default, a credit guarantee fund for micro units has been created to provide credit guarantee to the lenders.

The Mudra loan limit is up to 20 lakhs, depending on the borrower's business requirements and repayment capacity. The loan amount is categorized into three schemes: Shishu (up to 50,000), Kishore (up to 5 lakhs), and Tarun (up to 20 lakhs).

Individuals, micro-enterprises, and small businesses engaged in income-generating activities such as manufacturing, trading, or services are eligible for Mudra loans. Indian citizens aged 18 to 65 with a viable business plan and the ability to repay are eligible to apply.

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How to apply for Mudra Loan

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Mudra Loans hit Rs 5 trillion milestone in FY24

Mudra loans surpassed the rs. 5 trillion mark in fy24, marking a monumental achievement in the journey of small business financing..

• Updated Jun 04, 2024, 4:11 PM IST

Micro, Small, and Medium Enterprises play an important role in driving economic growth and fostering innovation. However, access to finance has often been a hurdle for these businesses, hindering their growth potential. In response to this challenge, the Government of India introduced the Pradhan Mantri Mudra Yojana (PMMY), commonly known as Mudra Loans. This initiative aims to provide financial support to micro, small, and medium enterprises (MSMEs), empowering them to expand, modernise, or start new ventures. In a significant milestone, Mudra Loans surpassed the Rs. 5 trillion mark in FY24, marking a monumental achievement in the journey of small business financing.

Understanding Mudra Loans

Mudra Loans are a part of the Pradhan Mantri Mudra Yojana, designed to offer financial assistance to non-farming, non-corporate small business sectors. These loans provide collateral-free funding of up to Rs. 10 lakhs to individuals and enterprises involved in manufacturing, trading, and services. The scheme aims to address the financing needs of underbanked and underserved segments of the economy, promoting inclusive growth and entrepreneurship.

Key Features and Benefits of Mudra Loans

• No Collateral Required: Borrowers are not required to provide any security or third-party guarantee, making the loans accessible to a wider range of businesses.
• Competitive Interest Rates: Mudra Loans offer affordable interest rates, typically not exceeding 1% per month, ensuring that borrowers can manage their repayment obligations effectively.
• Accessibility: Funds can be easily accessed using a Mudra loan card, eliminating the need for frequent financial institution visits and streamlining the borrowing process.
• Wide Coverage: The scheme caters to various business segments, including vendors, traders, and service providers, fostering a diverse entrepreneurial ecosystem.
• Government Backing: Mudra Loans are backed by the government, instilling confidence among borrowers and lending institutions alike.
• Flexible Repayment Terms: The repayment terms are designed to accommodate the financial capabilities of small businesses, ensuring sustainable loan management.
• Inclusive Financing: By targeting underprivileged sections of society, Mudra Loan promote financial inclusion and socioeconomic empowerment.

Types of Mudra Loans

Mudra Loans are categorised into three types based on the loan amount:

• Shishu Yojana: Offers loans of up to Rs. 50,000 for new or small businesses.
• Kishor Yojana: Provides loans ranging from Rs. 50,000 to Rs. 5 lakhs for businesses ready for expansion.
• Tarun Yojana: Offers loans of up to Rs. 10 lakhs for established small businesses aiming for further growth.

Eligibility Criteria

To avail Mudra Loans, applicants need to meet the following eligibility criteria:

• Age Range: Between 18 and 65 years old.
• Industry Type: Individuals and enterprises operating in non-farm sectors, including manufacturing, trading, and services.
• Company Status: Available for both new startups and existing businesses looking to expand.
• Operational Area: Nationwide coverage, supporting rural and urban enterprises.

Recent Milestone: Rs. 5 Trillion Disbursal in FY24

In FY24, Mudra Loans witnessed record growth, surpassing the milestone of Rs. 5 trillion in disbursals. This significant achievement underscores the scheme's effectiveness in supporting small businesses and driving economic development. The surge in loan disbursals reflects the growing demand for accessible and inclusive financing options among entrepreneurs.

Factors Driving Growth

Several factors have contributed to the remarkable growth of Mudra Loans:

• Lower Delinquency Rates: The segment's lower delinquency rate has motivated financial institutes to boost loan growth, leading to increased disbursals.
• Institutional Framework: An institutional framework, including guarantees provided by entities like the National Credit Guarantee Trustee Company Ltd., encourages lenders to extend Mudra Loans.
• Scaling of Existing Customers: A notable trend is the scaling of existing customers to higher category loans, indicating business stabilisation and growth.

Impact and Transformation

Since its inception, PM Mudra Yojana has transformed access to collateral-free institutional credit, empowering small businesses across the nation. In FY24, the scheme witnessed a significant increase in the number and amount of sanctioned loans, highlighting its role in promoting entrepreneurship and financial inclusion. Notably, a substantial percentage of beneficiaries under the scheme are women, furthering gender equality and empowerment.

Mudra Loans have emerged as a lifeline for small and micro-enterprises, providing them with the necessary financial support to thrive and succeed. The milestone of Rs. 5 trillion disbursal in FY24 reflects the scheme's monumental impact on the MSME sector and the broader economy. As India continues its journey towards economic growth and prosperity, Mudra Loans will remain a key enabler of entrepreneurship, innovation, and inclusive development.

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Mudra Loans Cross Rs. 5 Trillion Milestone In FY24

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This momentous achievement underscores the government's commitment to providing collateral-free financing to micro, small, and medium enterprises (MSMEs) and fostering an ecosystem of inclusive growth.

Launched in 2015, the Mudra Loan scheme has emerged as a game-changer for the underbanked and underserved segments of the economy.

By offering collateral-free loans of up to Rs. 10 lakhs to individuals and enterprises involved in manufacturing, trading, and services, the scheme has empowered countless entrepreneurs to turn their dreams into reality.

"The milestone of Rs. 5 trillion in Mudra Loan disbursals is a testament to the government's unwavering commitment to the MSME sector," said the Finance Minister. "These loans have played a crucial role in promoting entrepreneurship, job creation, and economic growth across the country."

The success of Mudra Loans can be attributed to several factors, including competitive interest rates, flexible repayment terms, and a wide coverage spanning rural and urban areas.

Moreover, the scheme's inclusive approach, targeting underprivileged sections of society, has contributed to financial inclusion and socioeconomic empowerment.

One of the notable achievements of the Mudra Loan scheme has been its impact on women entrepreneurs. A substantial percentage of beneficiaries under the scheme are women, further promoting gender equality and empowerment.

As India continues its journey towards becoming a global economic powerhouse, initiatives like Mudra Loans will play a pivotal role in nurturing the entrepreneurial spirit and driving innovation.

The government remains committed to supporting small businesses and fostering an ecosystem conducive to their growth and success.

(KNN Bureau)

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