SBI E Mudra Loan: Eligibility, Benefits, and Application Process

Under the PM MUDRA Yojana (PMMY) program, SBI provides business loans up to Rs 10 lakh with a five-year term. The Government of India launched the PM MUDRA (Micro Units Development & Refinance Agency) Yojana as a program to support the growth and refinancing of micro-unit enterprises. Businesses engaged in manufacturing, trading, services, and agriculture may utilize the proceeds from the SBI E Mudra Loan for purposes such as modernization, capacity expansion, and other business needs. Furthermore, SBI provides instant access to loans up to Rs. 50,000 through the SBI e-Mudra Loans facility.

SBI E Mudra Loan Overview

Interest RateLinked to the MCLR
FacilityTerm Loan & Working Capital
Loan AmountUp to Rs 10 lakh
Loan Tenure3 to 5 years
Processing FeeUp to 0.50% of the loan amount

Loan Amount & Repayment Tenure of SBI E Mudra Loan

CategorizationLoan Amount
ShishuUp to Rs 50,000
KishorAbove Rs 50,000 to Rs 5 lakh
TarunAbove 5 lakhs to Rs 10 lakhs

Documents Required for SBI E Mudra Loan Yojana

  • Business Proof (Name, Address, and Start Date)
  • Details about the branch and the number of the current or savings account
  • UIDAI-Aadhar Number (the account number needs to be updated)
  • Details about the community (General, ST, OBC, SC, Minority)
  • Additional files that can be uploaded: GSTN and UDYOG Aadhar Proof of Establishment and Shop, or any other document about business registration (if available)

Who Can Apply?

  • The Pradhan Mantri Mudra Yojana loan is available to both new and existing units.
  • Businesses that manufacture goods are eligible to apply for this loan.
  • The PMMY loan is available to people who work in the trading and services industries.
  • Applicants for this loan must engage in related agricultural activities.

Online Application Process steps

  • Go to the SBI e Mudra website.
  • On the homepage, select the ‘Apply Now’ button.
  • After reading the Hindi or English instructions, click “OK” to move on to the next page.
  • Enter the required loan amount, your mobile number, and the SBI savings or current account number.
  • Select “Proceed.”
  • Provide the required information on the online application form. Additionally, you can use the dropdown menu to choose the pertinent data.
  • Upload the required files.
  • With an e-sign, agree to the SBI e-Mudra Terms and Conditions. To carry out this:
  • Enter the number from your Aadhaar.
  • Select the box granting permission to use your Aadhaar for e-sign purposes.
  • An OTP will be sent to the mobile number linked to your Aadhaar account.
  • Fill out the required field with the OTP to finish your application.

How to Apply for SBI e Mudra Loan Online?

  • Examine the loan’s features, advantages, and terms and conditions. It’s a good idea to become familiar with all of the fees that apply once you take out the loan.
  • Verify if you meet the requirements listed by the lender to be eligible to apply for the program.
  • Get in touch with the State Bank of India to submit a loan application.
  • You will need to complete an application and send it in with a few supporting documents to the lender.
  • Your application will be verified after this. You will receive the loan amount in your account as soon as it is approved.


Q1. For whom is an SBI Mudra loan application open?

Ans. SBI offers Mudra loans to businesses operating in the manufacturing, trading, and services sectors, as well as related agricultural activities.

Q2. How can I apply to SBI for a loan of at least Rs. 50,000?

Ans. To obtain a loan of at least Rs. 50,000, you have two options: apply directly for a loan from SBI or apply for a Mudra or e-Mudra loan through the bank.

Q3. Is it possible for me to obtain a Rs. 20 lakh Mudra Loan?

Ans. No, the maximum loan amount you can obtain with a Mudra Loan is Rs. 10 lakh.

Q4. What is a Mudra Card?

Ans. Using the Mudra Card, you can make partial withdrawals from the total amount of the approved loan. It will be used to withdraw funds for business purchases just like a debit/ATM card.

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