What is E Mudra loan Online Apply New Interest Rates

What is E Mudra loan Online Apply New Interest Rates

The e Mudra Loan is a government-backed scheme that provides financial assistance to micro-entrepreneurs in India. It is a great option for small businesses that need help with working capital, equipment purchase, or other business expenses. This blog will provide you with a comprehensive guide on the  Loan, including its eligibility criteria, interest rates, and application process.

What is e Mudra Loan?

The eMudra Loan is a credit scheme launched by the Government of India to provide financial assistance to micro-entrepreneurs. The scheme is managed by the Micro Units Development and Refinance Agency (MUDRA) Bank.

Types of E Mudra Loan

The e-Mudra Loan scheme offers three types of loans:

  • Shishu: Loans up to Rs. 50,000
  • Kishore: Loans between Rs. 50,001 and Rs. 5 lakh
  • Tarun: Loans between Rs. 5,00,001 and Rs. 10 lakh

Eligibility Criteria

To be eligible for an eMudra Loan, you must meet the following criteria:

  • You must be a micro-entrepreneur or a small business owner.
  • Your business must be registered under the Companies Act, 2013, or the Partnership Act, 1932, or be a proprietorship concern.
  • Your business must be located in India.
  • You must have a good credit history and a stable income.
  • You must not have any outstanding dues to any bank or financial institution.

Interest Rates

The interest rate for a Loan depends on the type of loan and the lending institution. However, the interest rate is generally between 10% and 12% per annum.

How to Apply for E Mudra Loan Online

There are two ways to apply for  Loan online:

  • Through the Udyami Mitra Portal: This is the official portal of the MUDRA Bank. You can create an account on the portal and apply for a loan online.
  • Through a lending institution: Many banks and financial institutions offer e Mudra Loans. You can visit the website of your preferred lending institution and apply for a loan online.

Documents Required

The following documents are required to apply for an e Mudra Loan:

  • Proof of identity (e.g., PAN card, Aadhaar card)
  • Proof of address (e.g., electricity bill, ration card)
  • Income tax returns for the last two years
  • Proof of business registration (e.g., certificate of incorporation, partnership deed)
  • Bank statements for the last six months


  • Easy to apply for
  • Competitive interest rates
  • Flexible repayment options
  • No collateral security required for loans up to Rs. 50,000
  • Government guarantee

Online Apply For Loan


This Loan is a great option for micro-entrepreneurs who need financial assistance to grow their businesses. If you are a micro-entrepreneur or a small business owner, I encourage you to apply  Loan today.

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Disclaimer: This blog is for informational purposes only and should not be construed as financial advice. Please consult with a financial advisor to discuss your specific needs and circumstances.

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