SBI e-MUDRA Loan 2022

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SBI e-MUDRA Loan 2022 Highlights

Best Way to Get Personal Loan with a Low Income or No Salary Slip?


What is the SBI e-MUDRA Loan scheme?

The State Bank of India is the largest public sector bank in the country and one of the largest loan providers in the business loan segment. Under the MUDRA loan category, the bank offers its low-cost business loan to prospective business owners falling under the micro and small enterprise category as defined by the Ministry of Micro, Small, and Medium Enterprises. The business loan which is offered under the MUDRA yojana is an economical business loan with minimal processing fees and no additional costs attached to it.

The business loan which is offered under the MUDRA yojana is an economical business loan with minimal processing fees and no other miscellaneous cost or charges attached to it. Any person who is willing to borrow a certain amount of money to fuel their ongoing working capital inadequacy or to establish a new business venture (small scale manufacturing unit or a shop/stall). The proceedings from the loan can only be used for business purposes and the documents proposing a capital requirement are to be furnished with the personal loan application. 

Features of the SBI e-MUDRA Loan

Here are some of the key features of the SBI e-MUDRA Loan:

SBI e-MUDRA Business Loan 2021

Rate of Interest & Processing Fees

  • 8.40% to 12.35% per annum
  • Nil for Shishu and Kishore to MSE Units
  • For Tarun: 0.50% (plus applicable tax) of Loan amount

Eligible Loan Amount

  • For Shishu – Up to 50,000
  • For Kishore – From 50,000 to 5,00,000
  • For Tarun – From 5,00,000 to 10,00,000

Eligibility Criteria

New and Existing Micro & Small Enterprises

Processing Fees

  • For Shishu & Kishore – Nil 
  • For Tarun – 0.5% of the loan amount + Tax

Repayment Tenure

  • Post 6 months moratorium period;
  • 12 months to 60 months

Margin Amount

  • Up to 50,000 – Nil 
  • From 50,000 to 10,00,000 – 10%

Security Type

No collateral or security required


  • For all applicants who are currently holding their savings or current account with the State Bank of India, can apply for a business loan under the MUDRA scheme with the SBI’s e-MUDRA portal.
  • With the help of this portal, an existing SBI customer can apply for a business loan of up to ₹ 50,000 instantly. 
  • Before applying for a MUDRA loan through SBI, one must go through the basic eligibility requirements for a successful application as well as the documents required by the bank for the loan approval.  

SBI e-Mudra Loan Eligibility

  • The applicant should be aged between 18 and 60 years.
  • The deposit account must be active for the last 6 months or more.
  • The business must be in non-corporate & non-farm activities.
  • The applicant must be a resident at their current location for the last 2 years.

Documentation required for SBI e-MUDRA

As we all are aware that there are 3 major categories under the MUDRA yojana, therefore the requirement of documents might vary from one category to another.

For Kishore and Tarun category:

Borrowers must have a self-certified copy of one of the following documents: a voter's ID card, a driver's license, a PAN card, an Aadhaar card, a passport, or any other government-issued photo ID.

  • Residence evidence may be any of the following documents: a recent phone or electricity bill, a property tax receipt, a voter's ID card, an Aadhaar card, a passport, or a certificate issued by a government body, local Panchayat, or municipality.
  • Price Quotes: The application should be followed by a quotation for the equipment and other goods that the company would need to purchase.
  • Applicants must send two copies of their most recent photograph. The photo must be no more than six months old.
  • Copy of applicable licenses, registration certificates, lease or rent agreements, or other documents that determine the ownership, identification, and address of the business unit are examples of business ID and address. Businesses that have a Udyog Aadhaar Memorandum may also apply it.
  • Existing units must include reports of revenue for the current fiscal year in sales documents. The details should be current (i.e., up to the date of submission of the application).

Financial Documents

  • Financial Documents: Balance Sheets and Tax Statements from the Past: The applicant must apply the unaudited balance sheets of the current units for the previous two years, as well as income tax or sales tax returns, among other documents.
  • Borrowers may also request a forecast balance sheet for new or existing businesses for a period of one year for working capital needs, or for the duration of the loan in the case of a term loan.
  • Estimates for any civil work that will be done, if any will be done, are also needed. In addition, if State Bank deems it appropriate, technological feasibility and economic viability issues will be addressed with the applicant.
  • Asset and Liability Statements: The borrower's asset and liability statements, including directors or shareholders in the case of a corporation or a partnership, must be submitted with the application.
  • Memorandum and Articles / Partnership Deed: In the case of a business, the memorandum and articles of association are also required, as is the partnership deed in the case of partners.
  • Photograph: Applicants must submit two copies of a recent photograph (whether they are sole proprietors, directors, or partners). The photo must be no more than six months old.


Shishu Loan

Kishore & Tarun Loan


Aadhar/Voter ID

PAN, Aadhar Card, Voter ID, Passport


ITR (Last 3 years)

  • Profit & Loss account for the last 2 years  (For revenue in business)

  • Balance Sheet Statement  (For the last 2 years and Projections)


Passport/Driving License

Utility bills, Property Tax receipt, Passport, etc.


Shop Establishment Certificate

Partnership Deed and Legal Arrangement documents or COA/MOA

Bank Details

SBI Account

Bank Statements (For the last 6 months)


Udyog Aadhar

GST Registration

  • Price Quotations (In case of machinery or equipment purchase) 

  • Individual ITRs (In a partnership firm)

  • Director’s ITR (In a Private Limited Company)

How to apply for the SBI e-MUDRA Loan?

The State Bank of India ensures that its customers can utilize and avail of all major services with ease and by both online and offline sources. The process involved in applying for a business loan under the MUDRA yojana is equally hassle-free. The bank has established a separate page where an applicant can apply and submit the required documents accordingly. The steps to apply for a MUDRA Loan through SBI are:

Visit the SBI’s e-MUDRA portal through your mobile or computer

  • On the first page, click ‘Proceed’ to start the process

  • On the next page, read the instructions to use the e-MUDRA application and proceed with ‘OK’ 

  • To start the application, enter your basic details; Registered Mobile Number and SBI Savings/Current account number, followed by the desired loan amount.


  • Once you proceed, the next page displays the detailed application form. Fill in the details and choose using the drop-down menu
  • Upload the documents as directed on the page
  • Click on ‘I Accept’ for Terms & Conditions followed by the e-Sign
  • To proceed with e-Sign; Enter your Aadhar details and verify using OTP (One Time Password)
  • Upon successful Aadhar verification, the application is duly forwarded to the MUDRA loan department

Noteworthy points regarding the SBI e-MUDRA Loan

  • All the loans that are being offered under the MUDRA yojana are secured by the Credit Guarantee for Micro Units (CGFMU) and also guaranteed by the National Credit Guarantee Trustee Company (NCGTC)
  • The guarantee provided by the CGFMU & NCGTC are limited to a repayment tenor of under 5 years/60 months
  • SBI offers MUDRA RuPay Cards to all the customers who have taken a loan under the MUDRA Yojana

MUDRA RuPay Cards

All the beneficiaries of the MUDRA Yojana are entitled to receive a MUDRA debit card to be provided by their respective bank from where they have availed the business loan facility. This card can be used to withdraw funds at the time of need like any other ATM cum Debit card. However, the withdrawal limit of these cards is different as per the loan category. As shown in the table below:

Limit Type

Shishu Category

Kishore Category

Tarun Category

Daily Cash Withdrawal




Daily POS Transaction




Types of SBI e-MUDRA Loan

The SBI e-MUDRA loan is generally categorized into 3 different types based on the number of funds required and the nature of the business. For providing MUDRA Loans starting from ₹ 10,000 and up to ₹ 10 Lakh, loans are categorized according to the amount required by the borrower for a specific activity.

The three major categories are:

  1. Shishu Loan
  2. Kishore Loan
  3. Tarun Loan

Shishu Loan

Generally known as the basic category, the loans of the smallest amount are processed as the Shishu Loans, starting from ₹ 10,000 up to ₹ 50,000.

Kishore Loan

Mostly termed as the loan for working capital requirements of a medium or small-scale business unit. Under this category, SBI offers loans starting from ₹ 50,000 up to ₹ 5 Lakh.

Tarun Loan

Under this category of loan, SBI offers loans starting from ₹ 5 Lakh up to ₹ 10 Lakh. The proceedings from the loan can be utilized for expanding the existing business or to buy equipment as a part of the expansion.

Scheme type

Shishu LOAN

Kishore loan

Tarun loan

Loan Type

Term Loan

Term Loan/Working Capital

Term Loan/Working Capital


10,000 to 50,000

50,000 to 5 Lakh

5 Lakh to 10 Lakh


6 to 12 months

12 to 36 months

12 to 60 months

Processing Fee


0.50% + Tax

0.50% + Tax








Hypothecation of Plant, Machinery, Stock and Receivables

Who can apply for SBI e-MUDRA Loan?

As the loans offered under the MUDRA yojana are business loans, which makes it very easy for the Non–Corporate Small Business Segment (NCSB) to avail these loans. It might include millions of proprietorship (Individual)/partnership firms running as small manufacturing units, service units, shops, or maybe stalls. Anyone who is a shopkeeper, fruits/vegetable vendor, truck operator, food-service units, repair shop, food processors and others, both in rural and urban areas.

➤ FAQs

Ques. Who are the eligible beneficiaries of SBI MUDRA loans?

Non–Corporate Small Business Segment (NCSB) which comprises millions of proprietorship/partnership firms operating as small manufacturing units, service sector units, shop and stalls.

Ques. What kind of borrowers are eligible for financial assistance from MUDRA Yojana?

Anyone who is a shopkeeper, fruits/vegetable vendor, truck operator, food-service units, repair shop, food processors and others, both in rural and urban areas.

Ques. I have a small business of biodegradable goods. Can SBI MUDRA help me?

The MUDRA loans are available through 29 different Banks/NBFCs/MFIs for all the activities that come under all kinds of manufacturing, trading, and services sectors.

Ques. What are the categories under the MUDRA loan scheme?

MUDRA Loans are majorly categorized into Shishu, Kishor and Tarun depending on the scale of the business.

Ques. I have recently graduated. How can SBI MUDRA loan help me to start my own business?

SBI MUDRA loans are made available in three major categories which are Shishu, Kishore and Tarun. Depending on the business and its requirements, the State Bank of India provides loans under MUDRA yojana once you submit a business plan.

Ques. Who monitors the implementation of Pradhan Mantri MUDRA Yojana?

Monitoring and regulation of PM MUDRA Yojana along with its progress will be done through the SLBC forum at the state level and by MUDRA – Department of Financial Services, Government of India at the national level.

Ques. Is there any subsidy being extended under PM MUDRA Yojana? If so, details thereof?

There is no particular subsidy being provided for the loan given under PM MUDRA Yojana. However, if the loan proposal is linked to some other Government scheme like Kamdhenu or others, wherein the Government is providing capital subsidy, it will be eligible under PM MUDRA Yojana as well.

Ques. Is there a need to provide a security or collateral against the SBI MUDRA loans from the SBI?

As per the recommendations of the Reserve Bank of India for reviewing the Credit Guarantee Schemes for Micro Small Enterprises all the partner banks and other institutions have been mandated not to insist on any collateral or security for loans up to ₹ 10 Lakh extended to the units in the Micro & Small Enterprises sector.

Ques. Is Khadi business activity eligible for a business loan under the SBI MUDRA loans?

Under every possible scenario, Yes. MUDRA loans are applicable for any activity which results in income generation. As Khadi is one of the eligible activities under the Textile sector and in case MUDRA loans are taken for income generation, the same is deemed eligible for all three types of SBI MUDRA loans.

➤ Reviews

Rinku Rout
11 Nov 2021
I got e-mudra loan from SBI at a low cost. It’s like I have found a friend in the darkness where there was no one to help SBI e-mudra loan came with a lamp namely e-mudra loan. I know it’s a little poetic but I’m really impressed with the SBI e-mudra loan.
Subrat Swain
06 Jan 2020
Hello! Earlier this year I was eagerly looking for financial support in order to start my own business but was not getting one. As you must know that no one finance a start-up. Then one of my friends recommends me to SBI mudra loan because it has already availed it. That was the day and today I’m my own boss all thanks to SBI.