Step-by-Step Guide For Mudra Loan Online Apply In 2024: Eligibility, Process, and Benefits

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Under Mudra loan, the government gives you a loan of up to ₹10 lakh without any guarantee to start a business. However, getting a loan from banks can sometimes be difficult as they ask for a lot of documents. This process can be tiring, so applying online is an easier way.

Furthermore, there are three types of loans offered under Mudra loan:

  • Shishu: For early-stage businesses, which offer loans up to ₹50,000.
  • Kishor: For already running businesses, which offer loans ranging from ₹50,000 to ₹5 lakh.
  • Tarun: For larger businesses, which offer loans ranging from ₹5 lakh to ₹10 lakh.

You can get more information about this scheme from the bank’s website or the official website of the Mudra scheme. Before applying online, make sure you have all the required documents ready, such as identity card, business plan, and bank statements.

Eligibility Required for Mudra Loan

  • The applicant must be 18 years of age
  • The youth must be an Indian citizen
  • The applicant must have all the documents etc. available with him.
  • By filling all the above documents you can easily
  • Apply for Mudra Loan and avail its benefits.

Online Loan Application Process

Step 1. Visit the website

To apply for a loan under the Mudra scheme, you have to go to Jan Samarth. Here you will find the option of Mudra Yojana in the section of ‘Business Activity Loan’. Pradhan Mantri Mudra Yojana (PMMY)

Step 2. Check eligibility

To check eligibility, you have to provide information about your business. This includes type of business, social class, physical disability status, etc. After giving this information, you have to click on the option of other business loans.

Step 3. Fill the application form

While applying to open a new business, you have to fill in the information about your educational qualification, training status, category of business, etc. Along with this, you will also have to tell the amount of loan required for your business and your own contribution.

Step 4. Upload required documents

Authentication has to be done through Aadhar card and PAN card. After this, you have to upload the necessary documents for your business, such as bank statement, income tax return, etc.

Step 5. Give GST and financial information

If your business is not registered in GST, then you have to tell this. Sales information of the last 12 months will also have to be filled. Along with this, you will also have to ask to verify the financial records and bank statements of the business.

Step 6. Enter business details

Here you have to fill in complete details of your business, like number of employees, business address, business details, future plans, etc.

Step 7. Loan details

You also have to tell what your estimated sales will be after getting the loan. Monthly sales and expenditure information will also have to be filled.

Step 8. Mudra loan:

After filling all the information and uploading the documents, you have to click on the ‘Proceed’ button. After this, your application will go for final review.

On successful completion of this process, you will get loan approval. In this way, without any difficulty you can get a loan under the Mudra scheme and start your business.

Benefits for Mudra Loan

Now we want to tell you about the benefits and advantages available under this scheme, which are as follows –

  • Every unemployed youth or citizen of the country who wants to start their own self-employment can apply in PM Mudra Loan Yojana 2024,
  • Under this scheme, all of you youth can easily get a loan of ₹ 50,000 to ₹ 10 lakh rupees,
  • Under the scheme, you will have to pay nominal interest on the loan,
  • With the help of Mudra Yojana, all of you youth can ensure your self-reliant development by starting the desired self-employment and
  • Ultimately, you can build your bright future etc.

In the end, in this way we have told you about the benefits including the benefits available under this scheme so that you can get its benefits by applying in this scheme.


In this article, we have told all you unemployed youth including the youth in detail not only about Mudra Loan Yojana 2024, but so that all of you can apply conveniently in this scheme, we have told you about the entire online and offline process so that you can apply in this scheme and get a loan and

Finally, we hope that you all liked our article very much, share and comment on this article of your family and friend.