Pradhan Mantri Mudra Yojana Eligibility Criteria And Other Full Information

Eligibility Criteria:

ELIGIBILITY CRITERIA FOR PARTNER INSTITUTIONS Micro Units Development and Refinance Agency (MUDRA) has adopted the eligibility norms in respect of the various category of Banks for the partner lending institutions for the purpose of availing refinance to micro units in manufacturing, trading and service sector in rural and urban areas.

I. SCHEDULED COMMERCIAL BANKS

A. Public Sector Banks

  • Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
  • Level of Net NPAs not exceeding 15%.
  • CRAR as stipulated by RBI from time to time.
  • Net worth above Rs.250 crore.

B. Private Sector Banks

  • Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
  • Level of Net NPAs not exceeding 10%.
  • CRAR as stipulated by RBI from time to time.
  • Net worth above Rs.250 crore.

C. Regional Rural Banks

  • Should have earned a net profit for the preceding two years.
  • Level of Net NPAs equal to or less than 6%.
  • CRAR as stipulated by RBI from time to time.
  • Net Owned Fund above Rs.50 crore.

D. Small Finance Banks

  • Should have been granted a final license by Reserve Bank of India (RBI) for carrying on Small Finance Bank business and have commenced operations of the Small Finance Bank.
  • SFB/previous entity prior to conversion into SFB (taken together) should have earned profits during the last 2 financial years.
  • Should have a sizeable outstanding portfolio (> `500 crores) comprising advances to micro/small enterprises in respect of income generation in manufacturing, services, trading or activities allied to agriculture /other activities approved/to be approved unde

PMMY Kit: 

Common Loan Application form for Kishor and Tarun DOWNLOAD 

Application Form for Shishu DOWNLOAD 

Check list for Shishu Application DOWNLOAD 

Banker’s Kit : 

Application form for Claiming Refinance DOWNLOAD 

Data Submission for Claiming Refinance DOWNLOAD 

PMMY loans from time to time

 Should have strong fundamentals based on last audited balance sheet.

 CRAR as stipulated by RBI from time to time.

 Net worth greater than or equal to 100 crores.

 Gross NPA less than or equal to 5%.

Fiscal Incentives:

To signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth to look forward to, MUDRA offers incentives through these interventions:

> Shishu: covering loans up to 50,000/-

> Kishor: covering loans above 50,000/- and up to 5 lakh

> Tarun: covering loans above 5 lakh and up to 10 lakh

Generally, loans up to 10 lakh issued by banks under Micro Small Enterprises is given without collaterals.

Objective Of The Scheme:

Mudra loan is extended for a variety of purposes which provide income generation and employment creation. The loans are extended mainly for a Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities Working capital loan through MUDRA Cards Equipment Finance for Micro Units Transport Vehicle loans.

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