SBI Shishu Mudra Loan 2024: Check Eligibility, Documents required and Application Process

SBI Shishu Mudra Loan 2024: Most of the youths in India are suffering from unemployment due to high competition in the job sector. So it is not possible to provide job opportunities to all the citizens in the country but the government is still offering multiple opportunities to increase employment in India. If you have any business idea and want to start a new business then you can take advantage of Pradhanmantri SBI Shishu Mudra Loan 2024 in SBI Bank where you will get 50000 instantly to start your business with low interest and multiple facilities of repayment in the amount.

You can read this article SBI Shishu Mudra Loan 2024 where we will share with you the important information of SBI Shishu Mudra Loan Yojana 2024 Including the SBI Shishu Mudra Loan 2024 eligibility criteria, application procedure, loan amount, list of the businesses under SBI Shishu Mudra loan etc.

SBI Shishu Mudra Loan 2024

State Bank of India one of the largest banks in India is offering Shishu Mudra loans of a Maximum of 50000 for customers to start a new business. The SBI Shishu Mudra Loan 2024 was started by government of India in 2015 under the Mudra loan scheme. It has three categories including 50000 rupees under Shishu Mudra loan, 5 lakh rupees under Kishor Mudra loan and maximum 10 lakh under Tarun Mudra loan.

However, if you are searching for a small Loan amount of UP to 50000 Rupees then you will easily get a SBI Shishu Mudra Loan 2024 within few minutes after submitting SBI Shishu Mudra Loan application form online mode. 

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PM Shishu Mudra loan business list 

You can start multiple businesses under the Mudra loan which are included under micro, small and medium enterprises- MSMEs. It includes all the farming allied activities such as husbandry, poultry farming, etc, manufacturing units of different items such as toys, household plastic items, chair manufacturing unit etc, If you are skilled with any professional handicraft activity then you can also start it with a PM Mudra loan. Apart from this multiple service-related business such as fruit and vegetable vendor, Taxi Driver, tractor operator, shopkeeper etc can also apply for Shishu Mudra loan of 50000.

SBI Shishu Mudra Loan Eligibility 2024

  • Any citizen of India who is more than the age of 18 is eligible to apply in Shishu Mudra loan in SBI
  • Applicants need to have a serving or current account in the bank for at least 6 months.
  • You should have sufficient certificates or skills to start the specific business with the amount of Shishu Mudra loan in SBI
  • You are not required to collect the Collateral to submit in SBI for getting a business loan and under this scheme as it is a Government Loan
  • Bank is offering the opportunity to refund the amount of loan for maximum 5 years for The Eligible beneficiaries

Documents Required for SBI Shishu Mudra Loan 2024

  • Aadhar Card
  • PAN card
  • GST registration details
  • Business registration details
  • Address proof
  • Bank passbook of the applicant
  • Passport size photograph and signature

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How to apply for SBI Shishu Mudra Loan 2024?

Application Facilities for the Shishu Mudra loan in SBI available offline mode as well as online mode where you can visit your nearest branch of SBI to apply physically, however we are sharing with you the online procedure to apply for the loan scheme:

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  • Now you will reach the new page where you have to click on the business section and you will be redirected to the new page where you can see all the schemes in SBI for starting a business you have to click on the SME section
  • After that, you will find the government scheme section and click on the PMMY 
  • So you can see all the important information such as eligibility and loan amount in this page and you have to click on Sishu Mudra Loan 50000 Apply Now link in the bottom of the website.
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  • After that you can see the login page where to register yourself and provide your personal details including your name, contact details so you can create user id and password to login
  • Once you login on the PMMY portal your application home will appear on the screen where you have to provide your loan amount and other information and upload all the important documents accordingly

Company will verify your details and provide you the SBI Shishu Mudra Loan amount within a few minutes in your bank account. 

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