Documents Required for Mudra Loan
With the implementation of the MUDRA Loan, the government has provided the much needed push to the micro and medium sized business owners. The money will not only be provided for the establishing a new business but also for expansion of the existing business. The following table will give you a look at the documents which are will have to be produced while applying for the credit:
| Vehicle Credit | Business Installment Credit | Rural Business Credit and Business Loans Group |
| Mudra application form | Mudra application form | Mudra application Form |
| 2 passport size color photographs | Photo identity proof | Photo identity proof |
| Vehicle loan application form | BIL application form | Age proof |
| Photo Identity proof | Address proof | BIL or RBC application form |
| Income proof | Ownership proof of residence or office | Address proof |
| Address proof | Establishment proof | Business vintage proof |
| Bank statement for last 6 months | Bank statement for last 6 months | Ownership proof of residence or office |
| Proof of qualification | Income tax return for last 2 years | |
| Proof of continuity of business | Bank statement for last 12 months | |
| Trade references |
So, if you are interested in getting the credit then make sure that you have the proper legal documents for supporting the claims. The credit will only be sanctioned when the verification of the documents have been done.
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