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Mudra Business Loan

Mudra Loan stands for Micro Units Development and Refinance Agency Loan, which is a government-backed loan scheme in India that provides financial assistance to small and micro enterprises. These loans are mainly targeted towards individuals who are looking to start or expand their small business.

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Mudra Business Loan

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  1. India’s largest online lending fintech platform* An interactive ecosystem empowering borrowers and lenders Digital Contactless Journey Digital approvals within 59 minutes and disbursements within 7-10 days Caters to the financial aspirations of enterprises (MSMEs) & individuals facilitating affordable loans in a quick & hassle-free manner Deeply integrated with multiple vendors to get authentic data from source Sophisticated algorithms & automation used to eliminate time-consuming & tedious processes Assists lenders in customer acquisition, disbursement & monitoring ensuring deeper customer penetration & improved Proposals processed with a rules-based engine built using banks’ eligibility criteria Strong partnerships with all public sector & multiple private sector banks *Credit Suisse Report on India Banks Sector (March 2019).

  2. Mudra Loan up to 10 Lakhs boost your business in less than an hour* *digital approval only. loan disbursal subject to sanction

  3. What is Mudra loan ? The Micro Units Development and Refinance Agency (MUDRA) loan is a flagship scheme introduced by the Government of India to provide financial assistance to small and medium-sized enterprises (SMEs). The scheme aims to promote entrepreneurship and support the development of the small business sector in India.  The Mudra loan scheme was launched in 2015, and since then, it has helped thousands of small businesses across the country. The loan is available to both new and existing enterprises, and the scheme covers a wide range of business activities, including manufacturing, trading, and services. 

  4. Use of Mudra Loan Business expansion Technology upgrade Purchase of plant & machinery Purchase raw materials Working capital needs Scaling operations Infrastructure development Business diversification

  5. Benefits of Mudra Loan • No collateral or security • Very low processing fee • No minimum loan amount • Flexible tenures with an affordable interest rate • Provides financial assistance to rural and urban institutions • Both new & existing businesses are eligible to get mudra loan • Women entrepreneurs can avail mudra loan at lower interest rates • Offers income-generating opportunities to micro and small enterprises

  6. Why avail mudra loan from www.psbloansin59minutes.com Fastest turnaround time Saves you time and money Real time decision making Simple process with single application Direct disbursement to applicant’s account Digital loan approval in less than 59 minutes Seamless integration with statutory bodies/CGTMSE Advanced digital platform with service-driven architecture

  7. Process Flow Get digital approval for mudra business loan up to 10 lac in just 59 minutes. Follow these simple 5 steps:

  8. Types of Mudra Loan • Shishu Loans: are for new entrepreneurs who are just starting their business. The loan amount ranges from Rs. 50,000 to Rs. 1,00,000. • Kishor Loans: are for businesses that have been operating for some time and require funding for expansion or diversification. The loan amount ranges from Rs. 1,00,000 to Rs. 5,00,000. • Tarun Loans: are for well-established businesses that require substantial funding for expansion, diversification, or modernization. The loan amount ranges from Rs. 5,00,000 to Rs. 10,00,000.

  9. Eligibility & Documentation • GST registered business: we will automatically fetch all your sales details from GST portal using your GSTIN and GST username. If your business is not registered with GST you can manually declare 12 months sales details. • ITR for minimum one year in XML format: You will need to upload income tax return proof in  XML  format which can be downloaded from income tax portal. If you do not want to upload  ITR  file you can manually declare your income details for last year. • Bank statements for the last 6 months in PDF format: which can be downloaded from your bank's net banking portal or your bank's mobile app. • Other business details: business & loan requirement details

  10. 21 Partner Banks

  11. For more information: • support@psbloansin59minutes.com • 079-41055999

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