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    10.1 MUDRA Scheme

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    desh1endla

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    10.1 MUDRA Scheme

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    6 views13 pages

    10.1 MUDRA Scheme

    Uploaded by

    desh1endla

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    © All Rights Reserved
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    Pradhan Mantri Mudra Yojna (PMMY)

    was launched to ‘fund the unfunded’ by bringing

    such enterprises to the formal financial system, and

    extending affordable credit to them.


    Purpose
     Under PMMY, our Bank provides financial assistance upto Rs.10 lakh to
    non-farm enterprises for manufacturing, trading and services activities, for
    income generation purpose.

     “Activities allied to Agriculture” e.g. pisciculture, beekeeping, poultry,


    livestock rearing, grading, sorting, aggregation agro industries, dairy, fishery,
    Agriclinics and Agribusiness centers, Food & Agro-Processing, etc. (excluding
    crop loans, land improvement such as canals, irrigation, wells ) and services
    supporting these, which promote livelihood, shall be eligible for coverage
    under PMMY w.e.f. 2016-17.
    Eligibility

    Any individual / proprietary concern /


    partnership firm / company /
    association of persons (AOP) / limited
    liability partnership (LLP) / etc., not a
    defaulter to any Bank / Financial
    Institution is eligible for Mudra loan

    3
    Business purpose

    Capacity expansion and

    Modernization
    Eligibility Criteria

    Existing New
    Quantum of loan (Min/Max)

    Maximum loan amount : Upto Rs 10 lacs Loans upto Rs.50,000 are


    categorised as SHISHU

    Loans from Rs.50,001 to Rs.500,000 are categorised as KISHORE

    Loans from Rs.500,001/- to Rs.10,00,000/- are categorised as TARUN


    Margins

    Upto Rs. 50,000/- Nil

    Rs. 50,001 to Rs. 10 lacs: 10%


    Pricing

    Competitive Pricing Linked to MCLR


    Collateral Security

    Nil. To be covered under


    CGFMU.
    However, as Primary Security,
    Hyp. of P&M for TL and Hyp. of
    Stocks & Receivables for CC to
    be done.
    Repayment Period

    WC/TL: in 3 - 5 yrs including a


    moratorium of upto 6 months
    depending on the activity/ income
    generation.

    Review of WC/TL to be done


    annually.
    Processing Fee/Upfront Fee

    Nil for Shishu and Kishore to MSE Units

    For Tarun: 0.50%(plus applicable tax) of Loan amount


    Other Conditions

    The loans under Mudra Scheme


    are guaranteed by Credit The guarantee cover is available
    Guarantee for Micro Units for five years and hence for
    (CGFMU) and the same is advances granted under Mudra
    provided through National Credit Scheme the maximum period is
    Guarantee Trustee Company 60 months.
    (NCGTC).

    Leads are now available in


    Udyami Mitra Portal All Branches to issue MUDRA
    (www.udyamimitra.in). Site can RuPay Card for all the eligible CC
    be accessed by Branches with accounts.
    Username and Password
    Thank You

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