SBI Shishu Mudra Loan 2024-25: SBI Shishu Mudra Loan Yojana has been started by the State Bank of our country and India for every person to start their own business or to develop the business. If you want to start your own business but you do not have money to start the business, then now you do not need to worry. Because now under SBI Shishu Mudra Loan Yojana, any person who wants to start his own business will be provided a loan of up to ₹ 50,000.
If you also want to take advantage under SBI Shishu Mudra Loan Yojana, then you have to apply for it. Today through this article we are going to give you information about SBI Shishu Mudra Loan Yojana. So that you can know what is the eligibility, benefits, required documents and application process to apply for this scheme. So you have to read this article till the end. So that you can apply for the scheme and take advantage of it.
SBI Shishu Mudra Loan 2024-25 Overview
| Article Name | SBI Shishu Mudra Loan 2024-25 |
| Who started the scheme? | All small businessmen of the country |
| Main objective | To help you start your own business |
| Loan amount | Up to Rs. 50,000 |
| Interest Rate | 12% per annum |
| Application process | Online |
| Official website | https://www.onlinesbi.sbi/ |
Features of SBI Shishu Mudra Loan 2024-25
Every person applying for SBI Shishu Mudra Loan Yojana can get all the following benefits.
- Only those people who want to start their own business or want to grow their business will get benefits under this scheme.
- State Bank of India will give you a loan of up to ₹ 50,000 under Shishu Loan to open a startup.
- If you want to grow your business after starting your startup, then you have to apply for SBI, Kishor Loan and Tarun Loan.
- If you want to take a loan under Kishor Loan, then you will get a loan ranging from ₹ 50,000 to ₹ 5,00,000.
- If you want to take a loan under Tarun Loan, then you will get a loan ranging from ₹ 5,00,000 to ₹ 10,00,000.
- Every person taking a loan through this scheme has to repay it within 5 years.
- Every person applying under this scheme will have to pay 12% interest per annum on the loan.
Eligibility for SBI Shishu Mudra Loan 2024-25
If you also want to apply under SBI Shishu Mudra Loan Yojana, then every person applying should have the following eligibility.
- Every citizen applying for SBI Shishu Mudra Loan Yojana must be a native of India.
- The minimum age of every citizen applying is fixed between 18 years and maximum age 60 years.
- The person applying for this loan must have his own business.
- The bank account of the person applying should be at least 3 years old.
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Document for SBI Shishu Mudra Loan 2024-25
To avail the SBI Shishu Mudra Loan Scheme, you must have all the following required documents.
- Aadhar Card & PAN Card
- Residence Certificate
- Income Certificate
- Credit Card Report
- Business Related Certificate
- Mobile Number and Email ID
- Bank Account and Passbook
- Passport Size Photo etc.
How to Apply for SBI Shishu Mudra Loan?
If you want to apply for SBI Shishu Mudra Loan Yojana, then all of you have to follow all the steps given below.
- To apply, first of all every person has to go to the nearest bank branch of State Bank of India (SBI).
- After this you have to get information about Shishu Mudra Loan Yojana from the bank employee.
- Later you will be given the application form by the bank employee to apply for Shishu Mudra Loan Yojana.
- Now all of you have to fill all the important information asked in the application form.
- Later you have to attach a copy of all the required documents with the form.
- After this you have to submit the application form to the bank employee.
- Later the form submitted by you will be checked by the bank employee.
- If all the information given by you is correct then your loan will be approved and the loan amount will be transferred to your bank account.
- In this way every person can easily avail the loan by applying for SBI Shishu Mudra Loan.
