Purpose “To provide short term, hassle free credit facility for Micro units to tackle liquidity crunch in their business operations.”
Eligibility
  • The Scheme is available to Udyam registered individual and proprietary firms.
  • Minimum Age of the borrower/ proprietor is 25 Years and Maximum age is 55 years.
  • Satisfactory Credit history as per bank policy
Quantum of Loan Minimum Loan Amount – Rs 10,000/-
Maximum – Rs. 50,000/-
Repayment Period
  • Minimum: 12 Months
  • Maximum: 36 Months
Rate of Interest Working Capital & Term loans:
CRP over RLLR
Up to Rs.50000/- 1.05

Note: For Term loans repayable more than 1 year up to 5 years, the liquidity premium to be loaded to the Card rates additionally, as given below:

Repayable > 1 year up to 5 years 0.40%
Security Hypothecation of assets created out of loan
Documents Required
  • Aadhar Card
  • Pan card
  • Udyam Registration Certificate
  • Bank Statement
Type of Facilities Short term loan
Upfront fee / processing charges For Mudra loan under Shishu Category (Loans up to Rs.50000) – Nil
Loan Documentation Digital Mode using Aadhar OTP
Other Terms & Conditions Guarantee Coverage: CGFMU