SBI e-MUDRA Loan – Features & Eligibility Criteria

SBI e-MUDRA loan is a government-backed loan scheme designed to provide financial assistance to small and micro enterprises in the country. Here are the features and eligibility criteria for the SBI e-MUDRA loan:


  1. The loan amount ranges from Rs. 50,000 to Rs. 10 lakhs.
  2. The loan can be availed by small and micro-enterprises involved in manufacturing, trading, and services.
  3. The loan can be availed by new as well as existing businesses.
  4. The interest rate for the e-MUDRA loan scheme varies based on the borrower’s credit score, repayment history, and other factors.
  5. No collateral or security is required for loans up to Rs. 10 lakhs.
  6. The loan repayment tenure can range from 3 years to 5 years, depending on the borrower’s preference.

Eligibility Criteria:

  1. The borrower must be an Indian citizen and involved in a micro or small enterprise.
  2. The borrower must have a business plan and an estimate of the loan amount required.
  3. The borrower must have a good credit score and a clean repayment history.
  4. The borrower must have a good credit score and a clean repayment history.
  5. The borrower’s business must not be engaged in any illegal or prohibited activities.

It is important to note that the eligibility criteria and features may vary slightly depending on the lending institution and the type of MUDRA loan you are applying for. Therefore, it is advisable to check with the lending institution or visit their website to get complete and up-to-date information about the e-MUDRA loan scheme.

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