The documents required for MUDRA loans vary depending on the lender you choose. However, here are some basic documents you need to submit when applying for a MUDRA loan:
You need to provide any of these proof of identity documents:
Aadhaar card
PAN card
Driving licence
Voter’s ID
Passport
Any other government-issued photo ID card
You need to submit any of these documents as your proof of address:
Aadhaar card
Passport
Voter’s ID
Government-issued domicile certificate
Utility bills like electricity, telephone, gas, or house tax bills
To prove your business’ existence, address, and ownership, you must provide any of these documents:
Proof of Business Continuity
Business registration
Business licence
Business certificate
Partnership Deed, Memorandum, or Article of Association
Here is the list of other documents to submit when applying for a MUDRA loan:
Duly-filled MUDRA loan application form
Passport-size photographs of business owners and partners
Government-issued caste/community certificate for Scheduled Castes (SCs), Other Backward Castes (OBCs), and Scheduled Tribes (STs)
Balance sheet for the last two years
Estimated balance sheet for the next financial year or the loan tenure
Bank account statement
Sales record for the last year
A robust and well-documented business plan
Trade references
To apply for a PM MUDRA Loan, you need identity proof (Aadhaar, PAN, Voter ID), address proof (Aadhaar, utility bill, rental agreement), and income proof (latest ITR, financial documents). You also need the last six months’ bank statements, business proof, ownership proof, and a completed loan application form.
Typically, around seven categories of documents are required for a MUDRA Loan, such as identity, address, income, bank statements, business continuity, ownership proof, and trade references. Banks may ask for additional items depending on the applicant’s profile and loan type, ensuring proper eligibility and credit assessment.
No, the MUDRA loan is an unsecured form of credit, which means you do not have to provide collateral.
Yes, you need to provide a copy of your Income Tax Return (ITR) when applying for a MUDRA loan.