SBI Shishu Mudra Loan Scheme : Do you also want to stand on your own feet and you also have your own business plan or want to start a new business and you do not have enough money to start that business. So in such a situation, this article is going to be very important for all of you. Because today we are going to tell you about such a scheme through which you can start your business very easily by taking a loan. Yes, friends, you too can get this loan and start your own business.
By getting this loan, lakhs of people of the country have started their own business. In such a situation, if you also want to get this loan, then you can get this loan by applying for this loan according to the procedure given below. This loan will be given to you only when you are going to start your own business.
In such a situation, a question may be running in your mind that, after how much time this loan will have to be returned. So for your information, let us tell you that you can repay this loan within a period of one year to 5 years. And if we talk about the interest on this loan, then we have to pay 12% interest per year on this loan.
SBI Shishu Mudra Loan Scheme 2024
State Bank of India Mudra Loan Scheme was started with the objective that all the people across the country who want to start their own business can start their own small business by getting this loan and when their business starts running, they can repay this loan.
SBI Shishu Mudra Loan is a very good loan scheme given under the Pradhan Mantri Mudra Yojana. The main purpose of this loan is that people who want to start their own business can start their business by getting this loan. ₹50,000 are provided under this loan. Which the applicant has to repay before 60 months. Apart from this, an interest of 12% per annum is also charged on the given loan.
SBI Shishu Mudra Loan Scheme Benefits
- SBI Shishu Mudra Loan is provided to the residents of the country only.
- Under this scheme, loan up to ₹ 50000 is provided.
- Under this scheme, loan is provided without any guarantee.
- This loan is given only to those businessmen who are new in the market and want to start their own business.
- To avail loan under this scheme, the applicant must have complete documents related to business registration.
- An interest rate of 12% per annum is charged on the loan obtained under this scheme.
- The loan received under this scheme has to be repaid by the applicant within 5 years.
SBI Shishu Mudra Loan Scheme Eligibility
If you want to take SBI Shishu Mudra loan, then for your information, let us tell you that to avail this scheme, you have to fulfill the eligibility mentioned below. If you do not fulfill this eligibility, then you will not get the benefit of this scheme.
- To avail this loan, the applicant must be above 18 years of age.
- The maximum age of the applicant to avail this loan should be 60 years.
- To get this loan the applicant must have his own business.
- To avail this benefit the applicant must have a 3 year old bank account.
SBI Shishu Mudra Loan Scheme Important Documents
- Aadhar card
- PAN card
- Address proof
- income certificate
- Bank account statement
- Credit card reports
- Occupation Proof
- mobile number
SBI Shishu Mudra Loan Scheme Apply Process
If you have also decided that you also want SBI’s Shishu Mudra loan, then for your information let us tell you that to get this loan, you can follow the step by step process of BHIM given below because if you follow this process step by step, then you will be able to apply to get this loan very easily.
- To apply for State Bank of India Shishu Mudra Loan Scheme, first of all you have to State Bank Of IndiaOr you will have to go to the nearest bank branch.
- After going to the bank branch, you will have to talk to a bank employee about this scheme.
- After this, you will have to ask for the application form from any bank employee to apply in this scheme.
- After this, you will have to carefully read all the information asked in the application form and enter it.
- After entering all the information, you will have to attach the photocopies of all the required documents with the application form.
- After this you will have to submit this application form to the bank employees.
- After this your application form will be checked by the bank.
- If your application form is correct then this loan will be transferred to your bank account.
In this way, you can easily avail the State Bank of India Shishu Mudra Loan Scheme and start your own business by getting the loan amount.
You will get a loan of up to ₹ 50,000 to start a business, know full details here