The Mudra Loan Scheme 2.0 was introduced by the Indian government. The Government of India launched the Mudra Lending Scheme 2.0 to offer financial lending facilities to income-generating microenterprises functioning in the non-farm and non-corporate sectors. Small businesses are able to get a total loan sum of Rs.10 lakh under this scheme. Small and micro businesses can greatly expand their operations without worrying about financial difficulties with the credit facility’s assistance. To get the benefits of this scheme, all candidates who meet the eligibility requirements must visit the official website and complete the online application.
Revised Mudra Loan Scheme 2.0
The introduction of the updated Mudra Loan Scheme 2.0 was announced by the Indian finance minister during the presentation of the national budget for 2025. The Government of India raised the loan amount under the updated Mudra scheme by 10 lakh for a total of Rs.20 lakh.
The Government of India is offering a total loan sum of Rs.20 lakh to the chosen candidates under the scheme. To better support India’s small and micro businesses, the loan amount was raised. Small and medium businesses will have greater options because of the increase in loan amounts under this scheme.
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Objective of Mudra Loan Scheme 2.0
The main objective of the scheme is to assist small and microbusiness owners in growing their enterprises. For residents without jobs, the growth of small and micro businesses will greatly increase the number of options available. Under the scheme, the Indian government has approved loans totaling 5.4 lakh crore. Indian residents would be encouraged to launch their own small companies under this scheme.
Overview of Mudra Loan Scheme 2.0
| Name of the scheme | Mudra Loan Scheme 2.0 |
| Launched by | Government of India |
| Beneficiaries | unemployed citizens |
| Objective | To assist small and microbusiness entrepreneurs in growing their businesses. |
| Application mode | Online |
| Official website | https://www.mudra.org.in/ |
Benefits
- Small and micro businesses can launch or grow their operations with the aid of the Mudra Loan Scheme.
- Additionally, it will generate job openings for other residents without jobs.
- Small and micro businesses can now apply for loans up to INR 20 lakh.
- The scheme’s financial aid will be deposited straight into the bank accounts of the chosen applicants.
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Eligibility Criteria
- Small manufacturing enterprise
- Shopkeepers
- Fruit and Vegetable
- vendors
- Artisans
- Truck operators
- Food service units
- Repair shop
Types of Loans
- The maximum loan amount offered by the Shishu category is Rs.50,000.
- Loans from Rs.50,000 to Rs.5 lakh are available under the Kishor category.
- Loans under the Tarun category range from Rs.5 lakh to Rs.10 lakh.
Online Apply for Mudra Loan Scheme 2.0
- First, you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the Udaymimitra portal option.
- A new page will appear on your screen.
- Click on the Apply now option.
- A new page will appear on your screen.
- Enter your details such as:
- Name
- Email ID
- Mobile number
- Click on the Generate OTP option.
- Enter the received OTP.
- Click on the generate OTP button.
- The registration form will appear on your screen.
- Enter all the necessary details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
Offline Application Procedure
- All candidates can visit the closest Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs to submit an offline application for the scheme.
- Applying for the scheme may be done online at the official website.
- Applicants can simply click on any loan category on the official website.
- Click on the Shishu, Kishor, and Tarun to download the application form option.
- You have to fill in all the necessary details in the form.
- You have attached all the necessary documents such as:
- Identity proof
- Address proof
- Submit the application to the appropriate official.
Contact Details
- Help[at]mudra[dot]org[dot]in
FAQs
What is the MUDRA Loan Yojana?
MUDRA Loan Yojana A government program called MUDRA Yojana allows micro-enterprises to receive loans of up to Rs 20 lakh through commercial banks, small finance banks, MFIs, RRBs, and NBFCs.
What is the highest loan amount that may be granted under the Mudra Loan Scheme 2.0?
The scheme allows for a maximum credit sum of Rs.20 lakh.
Who is qualified to get the Mudra Loan Scheme 2.0 benefits?
The benefits of the Mudra Loan Scheme 2.0 are available to all small and microbusiness owners in India.
What is the official website of this scheme?
https://www.mudra.org.in