Mudra Bank or Micro Units Development and Refinance Agency Bank, is a new initiative by the Government of India set up for the development of micro units and refinance of MFIs. This bank has been conceptualized in order to encourage entrepreneurship, by offering funds to the non-corporate small business sector


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    • The utmost important objective is to create a system so that the micro business can get the maximum benefits with minimum risks.
    • Also sets up a good process of the last-mile credit agent scheme, which is entirely for the small business setups.
    • It also makes a credit guarantee to the one who has taken the loan. It means that the person will not only go into debts. The government will also have to bear the responsibility of the loan.
    • There are certain agents hired under the committee who will guide on how to organize and process a business so that there are minimum risks of getting a negative result.
    • All the small business units and sectors will be placed under the surveillance, and a regular evaluation will be made based on their performance.


    Shishu Loan

    As the name suggests, this category is for the Startups. All those businesses that have been just started and looking for Loan will fall in this category. A loan Cover of Rs. 50,000 will be given to all micro units falling in this Category. Interest Rate for Shishu Category is in the range of 10 to 12 %

    Kishor Loan

    This one is for those who have started their business but it has been established yet. A loan cover from Rs. 50,000 to 5 Lakhs will be given to units falling into this category. The interest rate in Kishor category is in the range 14 to 17% percent

    Tarun Loan

    All small business which has been set up and established will fall into this category. There may be some financial requirements for the betterment of the business. That’s why all small business or units falling into this category will be eligible for a Loan Cover of up to Rs. 10 Lakh. The interest rate in the Tarun category starts from 16 %


    Proprietorship Partnership firms Small manufacturing units Service sector units Shopkeepers

    Fruit or vegetable vendors Truck operators Food service units Repair shops

    Machine operators Small industries Food processors Other industries in rural and urban areas.


    Self Attested Identity Proof Self Attested Address Proof

    Passport Size Photographs

    Your company Address and ID Proof Business Registration Certificate

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