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Pradhan Mantri Mudra Yojana Application Form

PMMY Application Form

Last Updated 01st Dec 2020

  • You can get the Mudra Loan Application Form from any of the Government authorized public, private, regional rural and cooperative banks, microfinance institutions or NBFCs.
  • Pradhan Mantri mudra yojana application form is a pre-requisite for availing the Mudra loan.
  • The mudra loan form for Kishor and Tarun scheme is common, whereas the form for Shishu scheme is different.
  • PMMY application form contains information like bank details, personal details, address details, business details, contact details and loan details, and declaration, among others.

Mudra Loan Application Form

Mudra loan is a credit facility regulated by the Government of India, to facilitate the funding requirements of small scale business units. The loan can be taken from banks or NBFCs, to fund business requirements such as the purchase of commercial vehicles, to fund day to day expenses, or to purchase plants and machinery. However, availing Mudra loan requires one to follow a certain procedure that begins with filling the Pradhan Mantri Mudra Yojana application form. One can get the mudra loan application form from the authorized public, private, regional rural banks, cooperative banks, microfinance institutions or NBFCs. The Mudra loan form is common for Kishor and Tarun mudra loan type; but different for Sishu scheme.

Application Form for Kishor and Tarun

The mudra loan application form for Kishor and Tarun mudra scheme is common across all banks and NBFCs that offer the loan. The mudra application form is detailed and requires one to mention various information, as listed below:

  • Bank details: This section requires the loan applicant to mention the details of the bank such as the bank name and branch details wherein, one wishes to avail the Mudra loan.
  • Details of the Loan applicant/applicants: The form requires one to fill certain personal information of the loan applicant or applicant in case of joint or multiple applicants. This includes mentioning the name of the applicant/applicants, Father's or Husband's name of the applicant/ applicants. The form also requires one to mention whether the constitution of the applicant is either individual, joint applicants, sole proprietors, partnership firm or any other. Apart from that, the applicant is also required to mention his/her date of birth, sex, and age.
  • Address details: The applicant needs to mention their residential address and details about it, whether it is rented or self-owned. In addition to the residential address, similar information is required for a business address as well.
  • Educational details: The applicants are also required to mention the educational details. In case an applicant is illiterate, he or she can specify the same. Educational degrees such as 10th grade, graduation or professional degrees can also be submitted.
  • Contact details: Mentioning the contact details such as telephone number, mobile number, and email address are important so that the applicant can be updated about the loan process and application updates.
  • Business details: Mudra loan application form enquiries information about the business enterprise involved in the loan process. This includes mentioning the line of business activity, business vintage, existing annual sales, proposed annual sales, experience in the running business.
  • Social category details: Mentioning the applicant's social category is an important feature in the PMMY application form. This requires mentioning the category whether General, SC, ST, OBC or minority. The minority category is further subdivided into options like Buddhist, Muslim, Sikh, Jain, Zoroastrians, Christian, or others.
  • Loan details: Another important information that needs to be mentioned carefully in the form is the loan details. Applicants are required to specify the required loan amount, and other requirements of overdraft or term loan if applicable. In case a person holds an existing loan account, then he or she is required to mention the loan type, existing loan amount number, borrowed loan amount along with the bank and branch details from where the loan has been availed.
  • Declarations: The form contains a declaration about the loan process which needs to be signed with the applicant's form. The signature needs to be put with the date and place on which the form is signed.
  • Acknowledgement slip: On successful filling of the information on the form, the concerned bank may hand over the acknowledgement slip that must be signed and sealed by the bank's authorised representative.

Application Form for Shishu

The Mudra loan application form for the Shishu category is different from that of Kishor and Tarun. This is because the Shishu loan is offered to business enterprises that are in their initial stage of development or when one needs to start a business. The Tarun and Kishor loan, on the other hand, is offered to business enterprises that are already established and are in the later stages of development. Thus, the Shishu Mudra loan application form does not require various elaborative details related to business units, in comparison to Kishor and Tarun mudra loan form. Thus, information like business vintage, existing annual sales, or business experience is skipped from the Shishu mudra application form.

Documents Required

Apart from filling the application form correctly as per the required information, one is also required to submit certain documents, as listed follows:

  • Passport size photographs
  • Identity proofs such as Driving license, passport, PAN card or Voter ID card.
  • Address proofs such as voter Id card, passport, aadhar card or utility bills such as electricity, water, gas or telephone bill.
  • Category or reservation proofs such as ST/ SC/OBC certificates
  • Identity and address proofs of the business unit
  • Bank account statements for the last six months
  • Balance sheet of the last two years and income tax return in case of loan amount above Rs 2 lakhs.
  • Partnership deed in case the business unit is a partnership firm
  • Memorandum and articles of association for a company
  • Certificates of educational qualifications
  • Title deed or lease agreement of the business unit
  • Small scale industry or MSME registration certificate
  • Rent agreement for a rented business premise

FAQs

How can I get a Mudra loan application form?

You can get a mudra loan application form by contacting a bank which is authorized to grant Mudra loan.

Can a MUDRA loan application form be submitted online?

Yes, the Pradhan Mantri Mudra Yojana application form can be submitted online by visiting the online portal of the authorized bank that may grant a Mudra loan.

How can I check my Mudra loan status?

You can check the Mudra loan status online by visiting the respective bank’s online portal or by visiting the official website Mudra scheme. However, to check the loan status, one is required to have their mudra loan application number.

What is the processing time of a MUDRA loan?

Though the processing time for Mudra loan varies from one lender to another, yet in general the Mudra loan processing time takes around 7 to 10 days.

Do the lenders offer pre-approved MUDRA loans?

Yes, some lenders offer pre-approved Mudra loans to their existing customers based on the lender’s financial performance and repayment ability.


*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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