Benefit Amount
Loan ₹50,001 to ₹5 lakhLoan
✓ Government Verified✓ Direct Bank Transfer
ℹAbout MUDRA Loan — Kishor
The MUDRA Loan — Kishor scheme is designed for existing small business owners who want to expand and grow their operations. It provides loans ranging from Rs.50,001 to Rs.5 lakh without any income limit, making it accessible to entrepreneurs from all communities aged 18 to 65. Whether you need funds for new equipment, increased inventory, or business expansion, you can apply online at mudra.org.in with simple documents like Aadhaar Card, PAN Card, business proof, and bank statements.
Ministry
Ministry of Finance
✓Who Is Eligible?
The MUDRA Loan — Kishor scheme is open to small business owners across all of India who meet specific criteria. You must be between 18 and 65 years old to apply. There is no income limit, meaning people from all income levels can apply. The scheme welcomes entrepreneurs from all communities including General, OBC, SC, and ST categories. You must have an established business that you are already running and want to expand or grow further. You can belong to any gender. The scheme is specifically designed for those who need loans between Rs. 50,001 and Rs. 5 lakh for business expansion purposes like buying new equipment or increasing inventory. You need to provide basic documents to prove your identity and business existence. There are no geographic restrictions, so you can apply from any state or city in India. Whether you have a shop, manufacturing unit, service business, or any other type of small business, you are eligible. The main requirement is that your business should be running before you apply for this expansion loan. Check the official MUDRA website at mudra.org.in for any additional requirements or updates to eligibility criteria.
Quick eligibility check:
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Gender: Male, Female, Other✓
Category: General, OBC, SC, ST📝How to Apply for MUDRA Loan — Kishor
Here are the simple steps to apply for MUDRA Loan — Kishor: Step 1: Visit the official MUDRA website at mudra.org.in using your computer or mobile phone. Step 2: Look for the Kishor loan option and click on it to begin your application. Step 3: Fill in your personal details carefully, including your name, age, Aadhaar number, and PAN number. Step 4: Provide information about your existing business, such as how long you have been running it and what type of business it is. Step 5: Upload the required documents including your Aadhaar Card, PAN Card, proof of your business (like registration certificate or shop documents), recent bank statements, and Income Tax Return if available. Step 6: Enter the loan amount you need between Rs. 50,001 and Rs. 5 lakh, and explain how you will use this money to expand your business. Step 7: Review all the information you have entered, then submit your application online. You will receive a confirmation, and the bank will contact you within a few days to verify your details and complete the process.
Visit Official Portal →📄Documents Required5 required
?Frequently Asked Questions
1What is the difference between MUDRA Loan Shishu, Kishor, and Tarun?
MUDRA offers three loan products: Shishu (up to Rs.50,000) for new and existing micro-businesses, Kishor (Rs.50,001 to Rs.5 lakh) for businesses that have completed 18-24 months of operation and need expansion capital, and Tarun (Rs.5 lakh to Rs.10 lakh) for established businesses seeking larger growth capital.
2Do I need collateral or security to get a MUDRA Kishor loan?
No, MUDRA Kishor loans are unsecured and do not require any collateral. The scheme is backed by the government, making it accessible without pledging assets like property or gold.
3What is the interest rate and repayment period for MUDRA Kishor loans?
Interest rates and repayment periods vary by lending institution (banks, MFIs, NBFCs) and borrower profile, but typically range from 10-15% annually with repayment periods of 3-5 years. Check with your chosen lender for exact rates and terms.
4Can I apply for a MUDRA Kishor loan if I am self-employed or have irregular income?
Yes, the scheme is designed for self-employed business owners and entrepreneurs with existing operations. You don't need a regular salary, but you should have business proof like GST registration, shop registration, or bank statements showing business transactions for the past 18-24 months.
5How long does it take to get approval and disbursal of MUDRA Kishor loan?
The approval process typically takes 7-14 days after submitting complete documentation. Once approved, the loan amount is usually disbursed within 3-7 working days to your bank account.
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