Under the Modi government’s Prime Minister Mudra scheme, banks have to spend Rs. You do not have to pay any processing fees to the bank and there is no guarantor for this amount available in the infant loan category, but the ground reality is different. Even in small towns, it is difficult to get mudra loans from banks in villages and towns. Banks are reluctant to offer Mudra loans. Quite excessive for the borrower. Ask the Commission. If you are disturbed by the behavior of the banks, we are giving you numbers and e-mail IDs on which banks can file a complaint without issuing a seal loan.
Here are the numbers and e-mail IDs of the officers who can file a complaint
| Bank Name | GM | The land line | |
| Bank of Baroda | Mr Man Mohanagupta GM | 022-66985203 | Gm.sme.L1@bankofbaroda.com |
| Bank of Maharashtra | Mr. Vasant Muske GM | 020-25614206,020-25614264 | dgmpri@mahabank.co.in |
| Bank of Canara | Shri D. Madhavaraj GM | 080-22248409 | madhavarajd@canarabank.com |
| Central Bank of India | Mr.SSRao GM | 022-61648740 | dgmmsme@centralbank.co.in |
| Punjab and Sind Bank | Sh. HM Singh GM | 011-25812931 | HO.PS@PSB.CO.IN |
| Punjab National Bank | Mrs. Neerja Kumar GM | 011-23312625 | neerja_kumar@pnb.co.in |
| State Bank of India | S Kalyanaram GM | 022-22740510 | gm.micofinance@sbi.co.in |
Under Prime Minister Mudra scheme, you can borrow up to Rs 10 lakh in three ways. This includes infant loans, Kishore loans and Tarun Mudra loans. Under this, a person can borrow up to Rs.50,000 under his or her own business or start up with an infant seal loan of Rs 50,000. But, Kishore Mudra loan Under this scheme, people who own their own business but have not yet established, such people can borrow up to 50 thousand to 5 lakhs. For this you may have to pay 14 to 17 percent interest and Tarun Mudra Loan Under this, loans up to ten lakh rupees can be obtained for business expansion. It has to pay interest of 16 per cent.
Before taking out a loan, first decide which category you need to borrow. You need infant loans or Kishore or Mudra loans. With your loan proposal, you can fill out the required form on Mudra Loan’s website. Click https://www.mudra.org.in/ to apply. Go here and apply for a specific loan requirement.
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Documents required for a loan
Identity proof, residence proof, bank statement, photograph, sales document, business quote and address proof are required for obtaining seal loan from State Bank of India. In addition, information on GST identification number and income tax return is required. You can apply for a Mudra loan by visiting this website of SBI.
Current and new units
Loans sanctioned under the Mudra scheme are guaranteed by a credit guarantee to micro entities and are provided by the National Credit Guarantee Trustee Company (NCGTC). Warranty covers have been available for up to five years. So the maximum period of loans provided under the Mudra scheme is 60 months. Loan leads are now available on the Employment Portal (www.udyamimitra.in). Branches can access the site with a username and password. The Mudra Rupee card is issued to all eligible CC accounts from all branches.
