Do you want the loan to start your business? e-Mudra is providing Rs.50,000 instantly in your bank account

There are lakhs of startup ideas in the minds of entrepreneurs. It not only supports the country but also creates employment opportunities for the unemployed.

But the biggest setback for any startup to start is the capital to be invested. Many startups drop their idea due to this misfortune.

To sought out this problem, the State Bank Of India has come up with a scheme i.e., e-Mudra, to provide a loan for the emerging entrepreneurs to start the business of their own. SBI has made the availability of the loan very simple and easy.

e-Mudra scheme provides a loan amount of up to 1lakh.

It provides instant disbursal of the loan amount directly to your bank account if you apply for Rs.50000 or less. If you need more than Rs.50000, you have to visit your website.

Eligibility -

  • Applicant must be 18 years old.
  • Applicant must have an SBI savings/current bank account. 
  • The account should be at least 6 months old.
  • Mobile number should be registered with both your aadhaar and bank account.
  • PAN should be registered with your bank account 
  • Your business should be nearer to your bank branch. 
  • Applicant must start a new startup
  • .

About the loan -

  • Type of loan - Term loan
  • Inspection - Half-yearly
  • Disbursement - Instantly
  • Repayment period - Maximum 5 years with Moratorium 3 months 
  • Rate of interest - Fixed at 9.50% p.a
  •  

The process to fill the application.

  • Visit the official website of SBI e-Mudra (click here to apply)
  • Enter your mobile number registered with your aadhaar and bank account and request OTP
  • After getting the OTP, submit the OTP and click on verify.
  • Tick the checkbox when a pop-up message of "Are you ready to share your aadhaar details?" shows.
  • Enter your aadhaar number and request an OTP
  • After getting the OTP, enter the OTP and click on verify.
  • Enter your savings/current bank account number 
  • Enter the loan amount you need and click on proceed 

After completing the above process, you will be taken to a new page where you need to specify certain basic details about you and the nature of your business.

 

Details to be filled -

  • PAN 
  • Educational Qualification
  • House Ownership
  • Monthly Income
  • Number of dependent members in the family (If married, enter 1 and if not, enter0)

You also need to specify your community details -

  • Social Category
  • Minority Community (If any)

After filling in these details, click on proceed. Now, you will be taken to another page to fill in your business details.

 

Business details -

  • Business Name
  • Business start date
  • Experience in the line of trade (1 to 3 yrs is preferred)
  • Business address
  • Type of business
  • Details of your activity
  • Owned or rented business premises
  • Registered with government authorities
  • Monthly average sales during the last 12 months or less
  • Annual sales credited to business/SB account

All the rest information will be automatically fetched. Then click on the submit button to complete your application for an e-Mudra loan.

ONLINE - RS.50,000 (Instantly)

OFFLINE - RS.1,00,000 (Visit the branch)

If all your documents are genuine and if you are found eligible, then the loan amount will be instantly credited to your provided bank account.

SBI has come up with a good scheme for entrepreneurs. If you are dreaming of starting your business, visit the official website of SBI e-Mudra, and apply for the loan at the earliest.

Click here to apply.

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Comments
Rubel akonda - Jan 4, 2021, 9:51 AM - Add Reply

good

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