Canara Bank Mudra Loan 2024: बिज़नेस शुरू करना है तो चूकना मत, बिना किसी गारेंटी के लें 10 लाख का लोन

Canara Bank Mudra Loan 2024 : Canara Bank in one of the Nationalized bank in India which is offering instant financial assistance to the individuals who want to start a new business. Bank will help their customers to providing Canara Bank Mudra Loan 2024 where you can get up to 10 lakhs instantly as a loan.

After that you can start your business or up scale your existing business to earn more money. So if you are eligible for Canara Bank Mudra Loan 2024, then can check this article where we have briefly explained the step by step procedure to apply for Canara Bank Mudra Loan 2024 including the important document list, interest rates, EMI etc.

Canara Bank Mudra Loan 2024

Mudra loan scheme was started by central government in 2015 to help Indians to start a new business. The scheme is focusing to the young entrepreneurs in India. Canara Bank is also participating in Mudra loan scheme and providing Canara Bank Mudra Loan 2024 to their customers through online as well as offline mode.

The bank will charge minimum interest rates which will be less than other business loan interest rate in the market. However beneficiaries will get opportunity to repay the loan amount for maximum 7 years according to their need. 

Canara Bank Mudra Loan 2024 : Highlights

Features of Canara Bank Mudra Loan 2024  

Canara Bank Mudra Loan 2024 is very beneficial scheme for MSMEs (micro, small and medium enterprises). It will include all small and medium businesses in India including vegetable and fruit vendor, Taxi Driving, small manufacturing units of toy, domestic items, Jewellery, etc.

There are no boundation of business in Canara Bank Mudra Loan 2024. So if you are interested then you can apply accordingly. However beneficiaries will get option to get 3 types of Canara Bank Mudra Loan 2024 :-

• Canara Bank Shishu Mudra loan is available for up to 50000 rupees loan amount to start a new business
• If your business expenditure is between 50000 to 5 lakh Rupees then you can apply for Canara Bank Kishore Mudra loan.
• The maximum loan amount of 10 lakh is providing under Canara Bank Tarun Mudra loan 2024. 

Eligibility for Canara Bank Mudra Loan 2024

Before visiting to the official website or in the branch you should check the Eligibility for Canara Bank Mudra Loan 2024 :-

• Only Indian citizens are eligible to get Canara Bank Mudra loan .
• The applicant should be existing customer of Canara Bank to get maximum loan amount instantly.
• The age of the applicant should be more than 18 years old at the time of applying for loan.
• You should have existing business which you have already started to apply under Mudra loan scheme in Canara Bank so it will help you to get loan amount to scale the business accordingly.

Documents required for Canara Bank Mudra Loan 2024

You have to carry the following documents while applying for Canara Bank Mudra Loan 2024 which should be uploaded on the official website and have the Summit to the branch if need :-

• Aadhar card of the applicant.
• PAN card of the applicant.
• Two passport size photograph.
• GST return of last 2 years.
• The registration details of the company.
  • If you have a small business and want to register it then you can apply for UDYAM Portal of Government of India free of post for business registration.
• If you belongs to special reserve category then have to carry related certificate also.

Canara Bank Mudra Loan 2024 Apply Online  

While Canara Bank branch is always open for their customers and you can visit during the office time in your nearest branch to apply for Canara Bank Mudra Loan 2024 where you will get application form and have to fill manually and submit to the bank accordingly.

But if you do not have sufficient time to visit the bank then you can apply online for Canara Bank Mudra Loan 2024 by following this procedure :-

• First of all visit to the official website of Canara Bank : https://www.canarabank.com/.

• Now you will reach on the dashboard of the website where have to click on the loan section and select the MSME loan, after that you will find multiple loans for MSME and have to click on Pradhan Mantri Mudra loan Yojana.
• Now you have to click on the apply now link after reading all the terms and conditions for the loan and you will be redirected to a new page of Shishu Mudra loan in Canara Bank.

• Bank will ask your account number in the Canara Bank if you are already a customer of Canara bank and after that your personal information will automatically fill in the application form and you have to select the loan amount according to your need.
• After this prepared the EMI to repay the loan amount and click on the submit link.
• Now you have to upload documents in the page.

After this your application will successfully submitted and you have to wait for the approval of Canara Bank Mudra Loan 2024 and it will be directly deposit in your bank account within few hours.

Types of Canara Bank Mudra Loan 2024

• Shishu Mudra Loan : Up to Rs. Rs.50,000 (online mode) for micro enterprises.
• Kishore Mudra Loan : Up to Rs. 5 lakh for small enterprises (offline mode).
• Tarun Mudra Loan : Up to Rs. Rs.10 lakh for medium enterprises (physical mode).

Shishu :-

• Canara Bank’s Shishu Yojana Mudra Loan is for applicants who want to take a loan up to Rs. 50,000. This amount is beneficial for those consumers who want to start a new business.

Kishore :-

• Kishore Yojana can be availed by customers who require a loan amount of more than Rs. Rupee. 50,000 but Rs. fewer. 5 lakh. It’s perfect for businesses that are already established but want to expand. The funds can be used to hire personnel, purchase equipment, etc.

Tarun :-

• Tarun Yojana allows consumers to apply for the maximum loan amount offered under Mudra Loan which is Rs. 10 lakhs. It allows the customer to expand their business rapidly by meeting all the demands of the growing business.

FAQ’ s: Canara Bank Mudra Loan 2024