How to Apply for loan via MUDRA (Micro Units Development & Refinance Agency)

2. What is Mudra? ❖ MUDRA, which stands for Micro Units Development & Refinance Agency Ltd, is a financial institution being set up by Government of India for development and refinancing micro units enterprises. ❖ It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs. ➢ https://sidbi.in/index.php ➢ https://sidbi.in/Eco_MUDRA.php ➢ http://www.mudra.org.in/

3. Partners of MUDRA

5. List of lending institutions shortlisted to be partners ofMUDRA S.No. Bank Name PUBLIC SECTOR BANKS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 State Bank of India State Bank of Bikaner & Jaipur State Bank of Travancore Bank of Baroda Bank of India Bank of Maharastra Canara Bank Corporation Bank Dena Bank IDBI Bank Ltd. Indian Bank Oriental Bank of Commerce Punjab National Bank Syndicate Bank UCO Bank Union Bank of India Vijaya Bank Allahabad Bank Andhra Bank Bhartiya Mahila Bank Central Bank of India Indian Overseas Bank Punjab & Sind Bank State Bank of Hyderabad. State Bank of Mysore State Bank of Patiala United Bank of India Private Sector Banks Axis Bank Ltd. Catholic Syrian Bank Ltd. City Union Bank Ltd. DCB Bank Ltd. Federal Bank Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Indus Ind Bank Ltd. Jammu & Kashmir Bank Ltd. Karnataka Bank Ltd. Karur Vysya Bank Ltd. Kotak Mahindra Bank Ltd. Nainital Bank Ltd. South Indian Bank Tamilnad Mercantile Bank Ltd. The Ratnakar Bank Ltd. Yes Bank Ltd. IDFC Bank Ltd. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

6. S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 REGIONAL RURAL BANKS (RRBs) Andhra Pragathi Grameena Bank Chaitanya Godavari Grameena Bank Deccan Grameena Bank Saptagiri Grameena Bank Bihar Gramin Bank Madhya Bihar Gramin Bank Uttar Bihar Gramin Bank Baroda Gujarat Gramin Bank Dena Gujarat Gramin Bank Saurashtra Gramin Bank Kaveri Grameena Bank Karnataka Vikas Grameena Bank Pragathi Krishna Gramin Bank Kerala Gramin Bank. Maharashtra Gramin Bank Meghalaya Rural Bank Puduvai Bharathiar Grama Bank Malwa Gramin Bank Punjab Gramin Bank Sutlej Gramin Bank Marudhara Gramin Bank Pallavan Grama Bank. Pandyan Grama Bank Tripura Gramin Bank Baroda Uttar Pradesh Gramin Bank Prathama Gramin Bank Sarva UP Gramin Bank Narmada Jhabua Gramin Bank Sarva Haryana Gramin Bank Kaveri Grameena Bank Baroda Rajasthan Kshetriya Gramin Bank Co-operative Banks Gujarat State Co-op Bank Ltd Mehsana Urban Co-op Bank Rajkot Nagarik Sahhakari Bank Kalupur Commercial Co-op Bank Bassein Catholic Co-op Bank TJSB Sahakari Bank Ltd Jalgaon Janata Sahakari Bank Ltd Nutan Nagrik Sahakari Bank Ltd Ahmedabad Mercantile Co-op Bank ltd Surat People Co-op Bank ltd Dombivali Nagari Sahakari Bank Ltd Citizen Credit Co-op Bank Ltd Tamil Nadu Apex State Co-op Bank Ltd AP State Apex Co-op Bank Ltd 32 33 34 35 36 37 38 39 40 41 42 43 44 45

7. 46 Saraswat Co-operative Bank Limited Micro Finance Institutions (MFIs) MFI-NBFC S V Creditline Pvt. Ltd. Margdarshak Financial Services Ltd. Madura Micro Finance Ltd. ESAF Micro Finance & Investments P. Ltd Fusion Micro Finance P. Ltd. Ujjivan Financial Services P. Ltd Future Financial Services Ltd. SKS Microfinance Ltd.- Utkarsh Micro Finance P. Ltd Equitas Micro Finance Ltd Sonata Finance Pvt. Ltd Saija Finance Private Ltd Arth Micro Finance Pvt. Ltd. Shikhar Microfinance Pvt. Ltd. Navachetana Microfin Services Pvt. Ltd Samasta MicrofinanceLtd. Satin Credit Care Network Ltd- Sahyog Microfinance Ltd. Arohan Financial Services P. Ltd Suryodaya Microfinance Ltd Belstar Investment & Finance P. Ltd Jagaran Microfin P. Ltd Digamber Capfin Ltd Midland Microfin Ltd. RGVN (North East) Microfinance Ltd. Grameen Development & Finance P. Ltd. Hindustan Microfinance Private Limited Namra Finance Ltd Muthoot Fincorp Limited Sambandh Finserve Pvt Ltd IDF Financial Services Pvt Ltd Nightingale Finvest Pvt Ltd Asirvad Microfinance Private Limited Village Financial Services Pvt Limited Janalakshmi Financial Services Pvt Ltd YVU Financial Services Private Ltd Disha Microfin Private Ltd SMILE Microfinance Limited Light Micro Finance Ltd Uttarayan Financial Services Pvt Ltd Unacco Financial Services Private Limited Varam Capital Vedika Credit Capital Ltd STATES New Delhi Uttar Pradesh Tamil Nadu Kerala New Delhi Karnataka Karnataka Telangana Uttar Pradesh Tamil Nadu Uttar Pradesh Bihar Rajasthan New Delhi Karnataka Bangalore New Delhi Madhya Pradesh West Bengal Maharashtra Tamil Nadu West Bengal Rajasthan Punjab Guwahati Assam Assam Maharashtra Gujarat Kerala Bhuvaneshwar Bangalore West Bengal Chennai Kolkatta WestBengal Bangalore Guwahati Ahmedabad Chennai Ahmedabad Kolkatta WestBengal Guhawati, Assam Chennai Ranchi S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

8. 44 45 46 47 MSM Microfinance Limited M Power Micro Finance Private Ltd Navachetana Microfin Services Pvt. Ltd. Intrepid Finance and leasing Pvt. Ltd. Chennai Vadodara Gujarat Bangalore mumbaif MFIS 1 2 3 4 Bhartiya Micro Credit (Sec 8 Company) Sakhi Samudaya Kosh (Sec 8 Company) Cashpor Micro Credit CDOT ( MFI Registered as a Society under Indian Societies Act) Mahana Foundation (MFI Registered as a Trust under Trust Act 1882) IRCED (MFI Registered as a Society and Trust) NEED Community Collective Society for Integrated Develpoment (MFI Registered as a Society) Swayam Micro Services(Sec 8 Company) Chanura Microfin Manipur Humana People to People India Disha India Micro Credit (Sec 25 Company) Annapurna Mahila Multistate Co-op Credit Society(Co-op Society and MFI) Prayas (Organisation for Sustainable Development) (MFI Registered as a Society and Trust) Dhosa Chandaneshwar Bratyajana Samity (DCBS) (Society) Seba Rahara (Society) Belghoria Janakalyan Samity (Society) Gram Bikash Kendra Shakti Mahila Sangh Bahu Uddeshya Sahkari Maryadit (Society) Mahasemam Trust (Society) Sampurna Training and Entrepreneurship Programme (STEP) (Section 25 Company) Life Foundation (MFI and Trust) Sanghmitra Rural Financial Services (Sec 8) Pahal Financial Services Pvt Ltd Blaze trust(MFI registered as trust) Mahashakti Foundation (MFI Registered as a Trust under Trust Act 1882) Lucknow Maharashtra Lucknow Bihar (Sec 8 Company) 5 Orissa 6 7 8 Maharashtra Lucknow New Delhi 9 Ahmedabad Manipur New Delhi Saharanpur Pune 10 11 12 13 14 Ahmedabad 15 Kolkata 16 17 18 19 Kolkata Kolkata Kolkata Jabalpur, MP 20 21 Madurai, Tamilnadu Kolkata, West bengal 22 23 24 25 26 Kerala Mysore Ahmedabad Coimbatore(Tamil Nadu) OdishaJ S.No. 1 2 3 4 5 6 Mainline NBFCs Reliance Capital Ltd. Fullerton India Credit Co. Ltd. Shriram Transport Finance Co. Ltd. SREI Equipment Finance Ltd. Magma Fincorp Ltd. Religare Finvest Ltd.

9. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Shriram City Union Finance Ltd. Equitas Finance P. Ltd. India Infoline Ltd. ECL Finance Ltd. AU Financiers India Ltd. SE Investments Ltd. Electronica Finance Ltd. MAS Financial Services Ltd. IKF Finance Ltd. Intec Capital Ltd. Sakthi Finance Ltd. Esskay Auto Finance Ltd. Bansal Credits Ltd. Five Star Business Credits Ltd. Indiabulls Financial Services Ltd. Vistaar Financial Services P. Ltd. Shriram Finance Corporation Pvt Ltd (SRFCL) India Infoline Finance Ltd (IIFL) Mahindra & Mahindra Financial Services Ltd Pudhuaaru Financial Services Pvt Limited (PFSPL) Nabard Financial Services Ltd (NABFINS) Maanaveeya Development & Finance Private Ltd Jumbo Finvest (India) Limited (JFIL) Ananya Finance for Inclusive Growth Pvt.Ltd. 31 Capital First Limited(CFL) Note : The above list is indicative and not exhaustive. The list is periodically revised as and when new institutions are getting added. Partner Institutions Nos Sr No 1 2 3 4 5 6 7 PUBLIC SECTOR BANKS Private Sector Banks REGIONAL RURAL BANKS (RRBs) Co-operative Banks MFI-NBFC MFI NBFC TOTAL 27 18 31 14 47 26 31 194

10. Offerings of Mudra ❖ Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products / schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes are :- • Shishu : covering loans upto Rs. 50,000/- • Kishor : covering loans above Rs. 50,000/- and upto Rs. 5 lakh • Tarun : covering loans above Rs. 5 lakh to Rs. 10 lakh

11. ❖ MUDRA’s delivery channel is conceived to be through the route of refinance primarily to Banks/NBFCs/MFIs. ❖ At the same time, there is a need to develop and expand the delivery channel at the ground level. In this context, there is already in existence, a large number of ‘Last Mile Financiers’ in the form of companies, trusts, societies, associations and other networks which are providing informal finance to small businesses. ➢ https://sidbi.in/index.php ➢ https://sidbi.in/Eco_MUDRA.php ➢ http://www.mudra.org.in/Offerings

12. Application Form ❖ Common Loan Application form for Kishor and Tarun • https://www.mudra.org.in/Default/Down loadFile/Common_loan_Application_form .pdf ❖ Application Form for Shishu • https://www.mudra.org.in/Default/Down loadFile/Application_Form_for_Shishu.jpg ❖ Check list for Shishu Application • https://www.mudra.org.in/Default/Down loadFile/Check_list_for_Shishu_applicatio n.jpg

13. Target Clients ❖ Non–Corporate Small Business Segment (NCSB) comprising of millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas.

14. Loan Without Guarantee via Mudra ❖ Pradhan Mantri Mudra Yojana is a Government of India scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans upto Rs. 10 lakh for non farm income generating activities. ❖ Generally, loans upto Rs. 10 lakh issued by banks under Micro Small Enterprises is given without collaterals.

15. Eligibility Criteria ❖ Any Indian Citizen who has a business plan for a non farm income generating activity such as manufacturing, processing, trading or service sector whose credit need is less than Rs. 10 lakh can approach either a Bank, MFI or NBFC for availing of MUDRA loans under PMMY. ❖ The usual terms and conditions of the lending agency may have to be followed for availing of loans under PMMY. The lending rates are as per the RBI guidelines issued in this regard from time to time. ➢ https://www.mudra.org.in/Offerings ➢ https://www.mudra.org.in/Default/Downl oadFile/eligibility-criteria_eng.pdf ➢ https://sidbi.in/index.php

16. Documents Required ❖ The terms and conditions of the loan will be governed by the rules of the lending institution and the broad guidelines of RBI. ❖ The guidance regarding the documents needed may be obtained from any of the lending institutions in your locality. ➢ https://www.mudra.org.in/Home/PM MYBankersKit ➢ https://sidbi.in/index.php

17. What is Mudra Card? ❖ MUDRA Card is an innovative credit product wherein the borrower can avail of credit in a hassle free and flexible manner. It will provide a facility of working capital arrangement in the form of CC/OD to the borrower. ❖ Since MUDRA Card will be RuPay debit card, it can be used for drawing cash from ATM or Business Correspondent or make purchase using Point of Sale (POS) machine. Facility is also there to repay the amount, as and when, surplus cash is available, thereby reducing the interest cost.

18. How to Apply? ❖ In respect of Shishu category, an one page application format has been designed which has been posted in MUDRA website. ❖ In respect of Kishor and Tarun category, a 3 page indicative application format has been designed and the same is also posted in MUDRA website.

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