HDFC Mudra Loan Yojana 2025 : was launched on 8 April 2015 by the Hon’ble Prime Minister to provide loans up to Rs. 10 lakh to small industries and micro-entrepreneurs. This scheme helps individuals start new businesses or expand existing ventures with easy and affordable credit support.
HDFC Mudra Loan Yojana 2025
Under the PM Mudra Yojana, banks across India provide Mudra loans in different categories. HDFC Bank, one of the largest private sector banks in the country, offers Mudra loans up to Rs. 10 lakh for new business setups and business expansion.
Highlighted Table: Loan Categories and Benefits
| Loan Category | Loan Amount | Benefit |
|---|---|---|
| Shishu | Up to Rs. 50,000 | Support for starting small businesses |
| Kishor | Rs. 50,000 to Rs. 5 lakh | Financial assistance for business growth |
| Tarun | Rs. 5 lakh to Rs. 10 lakh | Support for large-scale business expansion |
Types of PM Mudra Loans
PM Mudra Yojana aims to provide easy access to credit for small businesses and women entrepreneurs. Mudra loans are divided into three categories:
- Shishu Loan: Up to Rs. 50,000
- Kishor Loan: Rs. 50,000 to Rs. 5 lakh
- Tarun Loan: Rs. 5 lakh to Rs. 10 lakh
Eligibility Criteria for HDFC Mudra Loan
Mudra loans are available to non-agricultural enterprises involved in manufacturing, trading, and service activities. Key eligibility conditions include:
- The applicant must be engaged in manufacturing, trading, or service activities.
- Only non-agricultural micro-enterprises are eligible.
- The financial requirement of the business must be below Rs. 10 lakh.
Required Documents for Mudra Loan
To apply for a Mudra loan, the following documents are required:
- Identity proof such as Aadhaar Card or PAN Card
- Address proof such as electricity bill, ration card, or Aadhaar Card
- Income proof or ITR for the past 2 years
- Bank statements for the past 6 months
- Filled loan application form
- Office ownership proof or rental agreement
- Relevant business license or registration certificate
- Business references or trade details
How to Apply for Mudra Loan through HDFC Bank
The application process for a Mudra loan is simple and hassle-free. Follow the steps below:
- Visit the nearest HDFC Bank branch and collect the Mudra loan application form.
- Fill in the required details and attach all necessary documents.
- Submit the form for verification.
- After approval, the loan amount will be transferred directly to your bank account.
Key Benefits of PM Mudra Loan
- Easy and accessible credit for small businesses
- Affordable and competitive interest rates
- Fast and simple application process
- Helps micro-entrepreneurs establish and scale their businesses
Important Features
- PM Mudra Yojana is ideal for small and medium enterprises.
- HDFC Bank offers multiple loan options based on business requirements.
- The process is fast, document-based, and customer-friendly.
- Applicants must meet the eligibility criteria and provide valid documentation.
Conclusion
PM Mudra Yojana plays a crucial role in empowering small businesses across India. The Mudra loan offered through HDFC Bank provides a reliable and convenient financial solution for entrepreneurs looking to start or expand their ventures. If you are planning to launch or grow a small business, applying for an HDFC Mudra loan can be a highly beneficial step.
Frequently Asked Questions
Who is eligible for a PM Mudra Loan?
Non-agricultural enterprises involved in manufacturing, trading, or service businesses with financial needs below Rs. 10 lakh.
What documents are required for a Mudra Loan?
Valid ID proof, address proof, ITR, bank statement, loan application form, and business continuity documents.
What is the interest rate for Mudra Loans through HDFC Bank?
Interest rates vary based on eligibility, business profile, and loan amount. Generally, the rates are competitive and borrower-friendly.
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