How to apply for Mudra loan ?
![Jade](/assets/images/user-pic.jpg)
Answered on March 25,2019
Follow the below steps to apply for Mudra Loan
- Borrower must prepare a business plan and required documents as per the checklist.
- Borrower can approach one or more of the Banks or Financial Institution offering Mudra loan
- Bank or Financial Institution will process the Mudra loan application as per their terms and conditions
- If the loan application is acceptable, the bank will sanction the loan and provide a Mudra card
![Varun](/assets/images/user-pic.jpg)
Answered on March 25,2019
Follow the below steps to get Mudra loan.
- Applicant should approach any of those banks that are listed by scheme as loan providers
- Complete business details should be provided to the bank.
- Bank will categorise your requirement in to any of the 3 schemes
- Then a form for loan has to be filled along with current account opening in the Bank.
You can get the application form for the Mudra loan from here.
![Jacob](/assets/images/user-pic.jpg)
Answered on March 25,2019
Loan Application Process
- Applicant has to identify his/her nearest bank offering the Mudra loan
- Visit personally with a business plan
- Identity proof, address proof and passport photographs
- Bank will review, business plan and need
- If approved, bank will sanction the loan