Documents Required for Mudra Loan

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 CreditBusiness Installment CreditRural Business Credit and Business Loans Group
Mudra application formMudra application formMudra application Form
2 passport size color photographsPhoto identity proofPhoto identity proof
Vehicle loan application formBIL application formAge proof
Photo Identity proofAddress proofBIL or RBC application form
Income proofOwnership proof of residence or officeAddress proof
Address proofEstablishment proofBusiness vintage proof
Bank statement for last 6 monthsBank statement for last 6 monthsOwnership proof of residence or office
 Proof of qualificationIncome tax return for last 2 years
 Proof of continuity of businessBank 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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