SBI PM Mudra Yojana Loan – Interest Rate, Eligibility Calculator, Apply Online

PRADHAN MANTRI MUDRA YOJANA (PMMY)

COLLATERAL FREE LOAN UPTO RS. 10 LACS UNDER PMMY SCHEME

Short Note of PMMY

Nature 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.

Eligibility Criteria :- Existing & New units.

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

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.

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/Upfront Fee

• Nil for Shishu and Kishore to MSE Units.
• For Tarun: 0.50%(plus applicable tax) of Loan amount.

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.