SBI E Mudra Loan: apply online, eligibility, PM Mudra Loan online registration 2024 The Government of India has started the SBI eMudra Loan Scheme for small and middle-class businessmen. Under this scheme, the Government of India and the State Bank of India work together to help small businessmen. The SBI eMudra Loan Scheme has been started. This scheme benefits new startups or people already doing small business.
This scheme provides loans at low interest rates to expand your existing business or start a new one. In this, you are provided financial assistance ranging from Rs 50,000 to Rs 1,00,000 to further your business. If you also want to get this assistance, then you can apply.
SBI e-Mudra Loan Online Registration 2024
Table of Contents
We would like to tell you that if you want to apply for an SBI e-Mudra Loan, then you should be at least 18 years of age and should also have an account in the bank. If you want, you can apply for it by going to the bank as well. Or you can apply online while sitting at home.
The State Bank of India launched the e-Mudra Loan under the Prime Minister Currency Loan in 2024. The main purpose of this program is to provide financial assistance to businesses to face problems coming in with their startups or to strengthen their current businesses. If you also want to apply for a currency loan, you can do so on the SBI website, www.sbi.co.in. We have given you full information in this article on how you can apply online. Three types of loans are provided under e-Mudra Loan: shishu loans, kishore loans, and tarun loans, which can go to your nearest SBI Bank branch.
Overview of SBI e-Mudra Loan Scheme 2024
Bank Name | State Bank of India |
Scheme Name | SBI e-Mudra Loan 2024 |
Category | |
Scheme for | SBI Bank Holder Only |
Application Mode | Online or offline through the Bank |
Loan Type | Instant Loan |
Available Amount for Loan | It depends upon your Credit Record with the Bank |
Minimum Age Required | 18yrs |
Official Website |
Benefits of SBI e-Mudra Loan
This program provides you with financial assistance to grow your business.
You can easily take loans up to Rs 2 lakh through this scheme.
You can pay your loan in 5 years.
PM E Currency Plan provides loans at the lowest interest rate.
There is no need for a high CIBIL score to qualify for a loan.
for loans under this scheme. A rupee card is provided as part of a credit-based currency plan.
The SBI E-Mudra Loan helps you grow your business.
Read Also: PM Kaushal Vikas Yojana 2024
SBI e-Mudra Loan Rate of Interest 2024
Category | Loan Amount | Margin | Rate of Interest |
Shishu Loan | Rs 50,000 | Nil | 9.75% |
Kishore Loan | Rs 5,00,000 | 10% | 9.75% |
Tarun Loan | Rs 10,00,000 | 10% | 9.75% |
Who can apply for SBI e-Mudra Loan Yojana 2024?
An e-mudra loan is financial assistance received from government banks in India, available for both individuals and businesses within the country. To qualify for e-mudra loans, applicants must have an active bank account and a PAN card. A maximum loan of Rs 2 lakh can be taken, and it has an interest rate of 6%.
Documents Required to Apply for SBI E-Mudra Loan 2024
Aadhaar card.
PAN card.
Business name.
Business address.
Details of the services offered by the business.
Business details and related papers.
How to apply for SBI e-Mudra Loan 2024
First, go to SBI’s website, sbi.co.in.
Select an MSME loan, then select the SBI E Mudra Credit Scheme 2024.
Then you read the eligibility criteria and conditions carefully, and after that, click on the button to apply online.
Then a form will come to apply, carefully fill out this form.
Click the Submit button after filling out the form.
Your application will be successful
Wait 3–4 days for the bank to get the loan approval.