MUDRA Loan
MUDRA (Micro Units Development and Refinance Agency) loan is a financial product in India designed to support micro-enterprises and small business owners. To qualify for a MUDRA loan, applicants typically need to meet certain criteria. Keep in mind that specific eligibility requirements may vary among different banks or financial institutions that offer MUDRA loans. Here are some common criteria: Business Type: MUDRA loans are targeted at micro and small enterprises engaged in income-generating activities, including trading, manufacturing, and services. Loan Amount: The loan is primarily intended for smaller loan amounts, catering to the financial needs of micro and small businesses. Non-Corporate Entities: Individuals, sole proprietors, partnerships, and other non-corporate entities are eligible for MUDRA loans. Nature of Business: The business should fall under the non-corporate, non-farm segment. It can include small manufacturing units, service sector activities, and trading ...