What Is an MSME Loan (Mudra Loan)?
An MSME Loan, especially under the PM Mudra Yojana, is a government-backed funding scheme for Micro, Small, and Medium Enterprises. Whether you're starting a business, expanding one, or buying equipment—Mudra loans offer financial support without collateral.
Mudra Loan Categories
| Type | Loan Amount | Ideal For |
|---|---|---|
| Shishu | Up to ₹50,000 | New startups or micro-businesses |
| Kishore | ₹50,001 – ₹5 Lakhs | Growing small businesses |
| Tarun | ₹5 Lakhs – ₹10 Lakhs | Expanding or well-established units |
Key Features of Mudra Loans via Vizzve
| Feature | Details |
|---|---|
| Loan Amount | ₹10,000 to ₹10 Lakhs |
| Collateral | Not required |
| Interest Rate | Starts at 8.25%* p.a. (bank dependent) |
| Repayment Tenure | Up to 5 years |
| Processing Fee | Nil to minimal |
| Eligibility | Non-corporate, non-farm small businesses |
Who Can Apply?
Local shopkeepers, traders, tailors, salons, etc.
Startups, artisans, small-scale manufacturers
Street vendors or transport operators
Self-employed professionals
Women entrepreneurs & rural businesses
Documents Required
Aadhaar Card & PAN Card
Business proof (GST, Udyam Registration)
6–12 months bank statement
Quotation or invoice (for equipment purchase)
Passport-size photo
Why Apply Through Vizzve?
100% digital application
Expert guidance for scheme eligibility
Help with documentation & Udyam portal
Quick disbursal tracking
Support in getting subsidy or interest benefits
Pro Tips to Boost Approval Chances
✔️ Get your Udyam Registration Certificate
✔️ Maintain good bank turnover
✔️ Prepare basic business plan/quotation
✔️ Clear any previous loan defaults
✔️ Apply for the correct Mudra category (Shishu/Kishore/Tarun)
FAQs
Q1. Can I apply for a Mudra loan online?
Yes. With Vizzve, you can apply digitally—just upload documents and get guidance.
Q2. Is CIBIL required for Mudra loans?
For Shishu loans, CIBIL is not mandatory. For higher amounts (Kishore/Tarun), it may be considered.
Q3. Do I need a business plan?
A simple business activity plan helps improve approval chances, especially for Tarun loans.
Published on : 24th July
Published by : SMITA
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