Mudra scheme offers loans between Shishu, Kishor, and Tarun stages with financial limits up to Rs 50,000; up to Rs 5 lakh; and Rs 5 lakh to Rs 10 lakh respectively

Mudra scheme offers loans between Shishu, Kishor, and Tarun stages with financial limits up to Rs 50,000; up to Rs 5 lakh; and Rs 5 lakh to Rs 10 lakh respectively

Here's how to apply:

Visit the government’s Jan Samarth portal and click on ‘Business Activity Loan’ from the ‘Schemes’ dropdown and then click on ‘Pradhan Mantri Mudra Yojana’

Visit the government’s Jan Samarth portal and click on ‘Business Activity Loan’ from the ‘Schemes’ dropdown and then click on ‘Pradhan Mantri Mudra Yojana’

Scroll down the page and click on ‘Check Eligibility.’

Scroll down the page and click on ‘Check Eligibility.’

Select ‘Other Business Loan’ if you are not a handloom weaver, manual scavenger or street vendor

Select ‘Other Business Loan’ if you are not a handloom weaver, manual scavenger or street vendor

Enter details and click on ‘Calculate Eligibility’ to get details about monthly EMI and loan tenure

Enter details and click on ‘Calculate Eligibility’ to get details about monthly EMI and loan tenure

Click on ‘Login to Apply’ and accept ‘Privacy Policy, ‘Terms & Conditions, ‘Disclaimer’; and click on ‘Next’

Click on ‘Login to Apply’ and accept ‘Privacy Policy, ‘Terms & Conditions, ‘Disclaimer’; and click on ‘Next’

Click on ‘Proceed’ under the Mudra scheme dialogue box

Click on ‘Proceed’ under the Mudra scheme dialogue box

Review the details you provided and Click on ‘Continue’

Review the details you provided and Click on ‘Continue’

Agree to all documents and click on ‘Agree & Proceed’. Verify your identity and click on ‘Proceed’

Agree to all documents and click on ‘Agree & Proceed’. Verify your identity and click on ‘Proceed’

Click on ‘Proceed’ to enter your business details and monthly sales data and again click on ‘Proceed’

Click on ‘Proceed’ to enter your business details and monthly sales data and again click on ‘Proceed’

Enter other business details and click on ‘Proceed’ to submit your bank details either through bank statements or by verifying your bank account

Enter other business details and click on ‘Proceed’ to submit your bank details either through bank statements or by verifying your bank account

Click on ‘Verify’ and on the next page enter details around the number of employees, business address, whether you have any existing loan, details of existing lenders, etc.

Click on ‘Verify’ and on the next page enter details around the number of employees, business address, whether you have any existing loan, details of existing lenders, etc.

After entering the details, it will show that your form is ‘Complete’ and can be submitted

Once submitted, the portal will share the loan offers

Once submitted, the portal will share the loan offers

Click on ‘Select Offer’ for the relevant loan offer

Click on ‘Select Offer’ for the relevant loan offer

Once your loan application is approved, the bank will undertake the sanctioning process

Once your loan application is approved, the bank will undertake the sanctioning process

Images: Pexels

Images: Pexels