SBI Mudra Loan Scheme 2026

The SBI Mudra Loan Scheme 2026 is a financial initiative by the State Bank of India to provide affordable credit to small and micro enterprises, startups, and entrepreneurs. This scheme is part of the Government of India’s Pradhan Mantri Mudra Yojana (PMMY). Individuals can take out up to Rs. 10 lakh through this scheme. Also, you can get up to Rs. 50,000 SBI e-Mudra loan through an online process.

SBI Mudra Loan Scheme Details

Loan Amount	Up to 10 lakh
Interest Rate	11.75% p.a.
Processing Charge	Nil for Shishu and Kishore scheme and 0.5% for Tarun scheme.
Loan Tenure	Up to 7 years
Applicant Age	18 to 60 years

Features of SBI E-Mudra Loan Scheme

 Loan Categories: The scheme offers three types of loans based on business needs and scale:

• Shishu Loan: Up to ₹50,000 for startups and small business ventures in their early stages.
• Kishor Loan: ₹50,001 to ₹5,00,000 for businesses seeking expansion.
• Tarun Loan: ₹5,00,001 to ₹10,00,000 for well-established businesses looking for further growth.

Lower Interest Rate: Enjoy a competitive interest rate of 11.75% yearly, which will help to grow the business owner.

Repayment Term: Flexible repayment term up to 5 years for Shishu & Kishore scheme and up to 7 years for Tarun scheme.

Collateral-Free Loans: SBI PMMY loan is available without any collateral or security, ensuring hassle-free access to credit for small entrepreneurs.

Also Read: How to Apply for the PM SVANidhi Scheme Online

Eligibility Criteria for SBI Mudra Loan

SBI Mudra loan is available based on the following eligibility:

• A startup business can apply for a loan.
• Individuals with a decent credit score are required.
• Only the Trade License is applicable for Shishu loan.
• Income Tax file is required for the Kishore & Tarun scheme.

SBI E- Mudra Loan Eligibility Criteria

• Applicant must have a micro-entrepreneur business
• Required Current / Savings account bank statement of 6 months.
• You can get a maximum of Rs. 50,000 loan.

Documents Required for SBI E-Mudra Loan

KYC Documents: Pan Card, Aadhaar Card, Voter Card

Bank Statement: Latest 6 months’ bank statement required

Business Proof: Trade License, MSME Certificate, 2 year IT File return, GST File.

Proof of Residence: Electricity bill, Gas bill, Property tax (any one document).

Photo Copy: Passport-size photo of applicant.

Also Read: Personal Loan at minimum Rs. 13,000 Salary

Benefits of SBI Mudra Loan Scheme

• Get funds to run your startup business.
• Hassle-free loan application without a branch visit.
• Provides financial support without the need for collateral.
• A simple document process for the SBI Mudra loan.
• Encourage new business with an instant fund.

How to Apply for SBI Mudra Loan

Online Process:

1. Visit Jansamarth’s official website.

2. Fill out the online application form for the SBI Mudra loan.

3. Give business profit details that are mentioned on your ITR Balance Sheet.

4. Upload the latest 6 months’ bank statement.

5. Finally, submit the application form.

Offline Process:

1. Visit your nearest SBI branch.

2. Contact the branch manager and fill out the Mudra loan application form.

3. Provide required documents such as KYC proof, Bank Statement, Vintage proof, etc.

4. After submitting the applicant form, the Bank Manager will visit your home & business and provide a loan.

FAQs