Public Sector Bank (PSU)Term Loan (Capex / Expansion)Micro Enterprise (Investment ≤ ₹1 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

SBI PM MUDRA Loan Scheme

Primary Lending Institution:State Bank of India (SBI)

Up to ₹10 Lakh MSME credit at 8.50% – 10.50% with Up to 5 years tenure.

Interest Rate8.50% – 10.50%Linked to EBLR / MCLR / Risk

Loan Amount QuantumUp to ₹10 LakhBased on turnover & project cost

Repayment TenureUp to 5 yearsWith moratorium where applicable

Collateral SecurityOverdue or defaulted accounts across any financial institution strictly barred.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Overdue or defaulted accounts across any financial institution strictly barred.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is SBI PM MUDRA Loan Scheme?

SBI's operationalization of PMMY providing collateral-free micro credit across Shishu, Kishore, and Tarun categories.

Key Benefits & Features

Zero collateral; instant e-Mudra digital sanction up to ₹1 Lakh via SBI YONO; MUDRA debit card issued.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Micro-business operators and self-employed individuals with viable commercial activity.

Business VintageNew & Existing units eligible

Min. Annual TurnoverTurnover proportionate

Processing FeeNil for Shishu; 0.50% for Kishore & Tarun

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://sbi.co.in/web/business/sme/sme-loans/pradhan-mantri-mudra-yojana with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for SBI PM MUDRA Loan Scheme?

Borrowers can avail Up to ₹10 Lakh with a repayment tenure of Up to 5 years.

What are the processing charges and collateral terms for SBI PM MUDRA Loan Scheme?

The processing fee is Nil for Shishu; 0.50% for Kishore & Tarun. Collateral terms: Overdue or defaulted accounts across any financial institution strictly barred.

What are the eligibility criteria for SBI PM MUDRA Loan Scheme?

Micro-business operators and self-employed individuals with viable commercial activity. Minimum business vintage required is 0 year(s).

How can an applicant apply for SBI PM MUDRA Loan Scheme?

Apply online at https://sbi.co.in/web/business/sme/sme-loans/pradhan-mantri-mudra-yojana or visit nearest branch with KYC, Udyam registration, and bank statements.