There are three ways you can borrow up to Rs 10 lakh under the Pradhan Mantra Mudra scheme. It offers infant loans, Kishore loans and Tarun Mudra loans. Under this, a person who is starting a business from Rs. At the same time, the Kishore Mudra loan Under the scheme, people who own their own business but are not yet established, such people can borrow from Rs 50,000 to Rs 5 lakh. For this, you may have to pay 14 to 17 percent interest Tarun Mudra Loan Under the plan, you can borrow one million rupees for the expansion of the business. It has to pay interest at 16 per cent.
Also Read: PM Kisan: Is the FTO generated in your state right now? Know what that means
In the last 6 years, 88 per cent of loans have been disbursed as infant loans. SC, ST and OBC have given 51 per cent loan. This is a matter of statistics, but the reality is that it is difficult to get this loan from the banks of the towns and small towns. Mudra loans are not readily available. Banks are often hesitant to lend. If you are also affected by the behavior of the banks, we are providing you with numbers and email IDs that can be complained to banks that do not offer seal loans.
These are the numbers and e-mail IDs of the officers who can complain
| Bank Name NAME | GM | The land line | |
| 1 Allahabad Bank | Sudhanshu Gaur G.M. | 033-22622883, | Ho.Sme@allahabadbank.in |
| Andhra Bank | M Srinivasa Rao G.M. | 040-23252352 | sme@andhrabank.co.in |
| Bank of Baroda | Mr. Man Mohangupta G.M. | 022-66985203 | Gm.sme.L1@bankofbaroda.com |
| Bank of India | Shri Mina Ketan Das G.M. | 022-66684839 | Mina.dasabankofindia.co.in |
| Bancoff Maharashtra | Shri Vasant Maske G.M. | 020-25614206,020-25614264 | Dgmpri@mahabank.co.in |
| Bank of Canara | Mr. D. Madhavaraj G.M. | 080-22248409 | madhavarajd@canarabank.com |
| Central Bank of India | Shri.S.Rao G.M. | 022-61648740 | dgmmsme@centralbank.co.in |
| Corporation Bank | GM Bellad GM | 0824-2861412, 2861821 | hosme@corpbank.co.in |
| Indian Bank | Shri Veeraraghavan B DGM | 044-28134542 | veeraraghavan.b@indianbank.co.in |
| Indian Overseas Bank | Anil Kumar Luthra | 044-28889250 | anilkumarloothra@iobnet.co.in |
| Punjab and Sind Bank | Sh. HM Singh GM | 011-25812931 | HO.PS@PSB.CO.IN |
| Punjab National Bank | Ms. Neerja Kumar G.M. | 011-23312625 | neerja_kumar@pnb.co.in |
| State Bank of India | S Kalyanram G.M. | 022-22740510 | gm.micofinance@sbi.co.in |
| Syndicate Bank | Prasanna Kumar SJ GM | 080-22204564 | corbd@syndicatebank.co.in |
| Bank of Uco | MK Surana G.M. | 033-44558027 | msme.calcutta@ucobank.co.in |
| Union Bank of India | Pnarasimha Rao G.M. | 022-22892201 | pnarasimharao@unionbankofindia.com |
| United Bank of India | Naresh Kumar Kapoor G.M. | 033-22480499 |
gmact@unitedbank.co.in |
Before taking out a loan, first decide which category you want to borrow. Do you need a baby loan or a Kishore or Mudra loan? You can fill the required form on the Mudra Loan website with your loan proposal. Click https://www.mudra.org.in/ to apply. Go for it and apply for a specific loan requirement.
Documents required for a loan
To obtain a seal loan from State Bank of India, Identity Card, Residence Proof, Bank Statement, Photograph, Sales Documents, Quotations, Business Identity Card and Address Certificate are required. In addition, information about GST identification number, income tax return is also required. Visit SBI’s website and apply for a Mudra loan.
Current and new units
Loans sanctioned under the Mudra scheme are guaranteed by the Credit Guarantee to the Micro Entities and are issued by the National Credit Guarantee Trustee Company (NCGTC). Guarantee cover available for up to five years. So the maximum period for loans offered under the Mudra scheme is 60 months. The loans are now available at the Leeds Entrepreneur Ally Portal (www.udyamimitra.in). Branches are accessible to the site with a username and password. For all eligible CC accounts, Mudra rupee card is issued by all branches.