SBI Shishu Mudra Loan
Under the SBI Shishu Mudra Loan Scheme, loans are provided to the unemployed so that those people who want to start their own business but are unable to start it due to lack of money, loan facility is provided under the SBI Shishu Mudra Loan Scheme, in which a loan of up to Rs 50,000 is given to start a business and the interest rate is also very low.
If you also want to start a new business and have thought about a new business plan, then this article is going to be very useful for you. We will tell you how you can get a loan from SBI under Shishu Mudra Loan, so let’s know about it in detail
What is SBI Shishu Mudra Loan?
SBI Shishu Mudra Loan is a scheme run by State Bank. State Bank is the largest bank in India which provides various types of banking services. Apart from this, SBI also provides loan facility. There are many people who want to start their own business. In such a situation, SBI has started this scheme to start small businesses, under which a loan of up to 50,000 is given for doing business, in which an interest rate of 12% is applicable and the applicant has to repay this loan within 60 months.
Eligibility for SBI Shishu Mudra Loan
- Applicants above 18 years of age can apply for SBI Shishu Mudra Loan
- The benefit of this scheme is available only if the applicant has his own business
- The benefit of this scheme will be available only if the applicant has a 3 year old bank account
Benefits of SBI Shishu Mudra Loan
- An interest rate of 12% is given in this scheme
- Under this scheme, loan up to Rs 50,000 is givenYou can start your own business by taking advantage of this scheme
SBI Shishu Mudra Loan Documents Required
To apply for this scheme, one must have Aadhar card, PAN card, mobile number, proof of business, credit card report, bank account number, residence certificate, income certificate, PAN card (if any).
how to apply
To apply for Shishu Mudra Loan Yojana, you can apply by visiting its official website sbi.co.in . If you want to apply offline, then you can go to your nearest SBI branch and take the loan application form from there, fill in all the necessary information carefully and attach the photocopies of all your necessary documents with it. Now submit the correctly filled form, after this your application form will be checked by the bank officer and if your eligibility is found correct, then you will be given a loan and the amount will be sent to your account.
