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Eligibility Criteria For Mudra Yojana Refinance/ Loan

Eligibility Criteria For Mudra Yojana Refinance/ Loan. Find Complete Details for PMMY  Yojana. Union Finance Minister Arun Jaitley said the MUDRA Bank was a step in the right direction for “funding the unfunded.” He had proposed the MUDRA Bank in his budget speech in February. Here we are providing complete details for Eligibility Criteria For Mudra Bank Yojana Scheme. Check Complete details from Below.


Eligibility Criteria For Mudra Yojana Refinance/ Loan. 

Micro Units Development and Refinance Agency (MUDRA) has finalized the eligibility norms for the partner lending institutions for the purpose of availing refinance/ finance for onlending to micro units in manufacturing, trading and service sector in rural and urban areas. The eligible institutions, as indicated below, may approach MUDRA corporate office at First Floor, MSME Development Centre, C-11, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 or the nodal officers placed across the country.


  • All “Non farm enterprises
  • under “Micro Enterprises” and “Small Enterprises” segment
  • engaged in “income generating activities
  • engaged in “manufacturing, trading and services“ and
  • whose “credit needs are up to Rs.10.00 lacs

Credit Facilities:

  • Any type of Fund Based or Non Fund Based facility.
  • No Minimum amount. Maximum Amount – Rs.10.00 lacs.

Categorization of MUDRA Loans:

Category Stipulated Credit limits
SHISHU Loans sanctioned under the scheme up to Rs.50000
KISHORE Loans sanctioned under the scheme from  Rs.50001 to Rs.5.00 lacs
TARUN Loans sanctioned under the scheme from Rs.5,00,001 to Rs.10.00 lacs

Rate of Interest:

Limits Micro Enterprises Small Enterprises
Up to Rs.50000/- Base Rate Base Rate+0.50%
Above Rs.50000/- to Rs.2.00 lacs Base Rate+0.50% Base Rate+1.00%
Above Rs.2.00 lacs to Rs.10.00 lacs Base Rate+1.00% Base Rate+1.25%

Processing Charges: Nil

Eligibility Criteria For Mudra Yojana Refinance Loan

Scheduled Commercial Banks

All scheduled commercial Banks in public and private sector with 3 years of continuous profit track record, net NPAs not exceeding 3%, minimum net worth of Rs.100 cr. and not less than 9% CRAR.

Regional Rural Banks

All restructured RRBs having net NPA within 3% ( relaxable in deserving cases), having profitable operations and not carrying any accumulated losses and CRAR >9%.

Mfi / Small Business Finance Companies/NBFC

a. Been in lending to Own Account Enterprises, i.e. micro units with loan size upto Rs.10 lakh for atleast 3 years and/or the promoters / management having experience of atleast 10 years in this area.

b. Having minimum out reach of 3000 existing borrowers for MFIs.

c. Having suitable systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management, etc.

d. Meeting the minimum CRAR and other norms stipulated by RBI for MFIs registered as NBFC-MFIs and comply all the prevailing RBI guidelines. For all categories of NBFCs, registration with RBI will be mandatory.

e. Should be a member of a Credit Bureau.

f. Rating requirement:

a. MFIs (including NBFC-MFIs) – minimum Capacity Assessment Rating of mfr5 by CRISIL or its equivalent.

b. NBFCs – minimum external rating of BB- for small NBFCs having total portfolio below Rs. 500 crore and BBB+ for NBFCs having portfolio of Rs. 500 crore or more. For small NBFCs not having external credit rating, they should possess satisfactory borrowing arrangements with any Scheduled Commercial Bank for a minimum of 2 years.

g. Recovery performance: For MFIs : Portfolio at Risk (i.e. overdue more than 30 days) within 5%. For others – Net NPA not higher than 3%.

h. For all MFIs, it will be desirable to have undergone Code of Conduct Assessment (COCA) with a minimum score of 60 or equivalent.

Must Read – Mudra Bank Yojana – Introduction, Funding, Benefits

Common Parameters

1. The assistance will be based on internal credit appraisal process by MUDRA / SIDBI

2. The assistance shall be priced based on risk assessment, geographical distribution, social parameters, etc

3. The Board of MUDRA shall fix prudential ceilings for lending to various categories of borrowers as also limits for individual borrower / borrower group in line with RBI instructions on the subject.

4. The detailed terms of assistance shall be laid down in the loan agreement to be executed with the individual intermediary.

Contact Details 

Micro Units Development & Refinance Agency Limited (MUDRA Ltd) MSME Development Centre, C-11, G-Block, Bandra Kurla Complex, Bandra E, Mumbai – 400 051.

Phone-022-67221465, Email :,

About Raju Choudhary

Article by Raju Choudhary Raju has written 537 articles. If you like This post, you can follow CAknowledge on Twitter. Subscribe to CAknowledge feed via RSS or EMAIL to receive instant updates.


  1. I wants by a troly four wheeler for my business so can I got 3lakh loan.please told me kindly Thankyou

  2. Sir,
    I have on going business of transport company .Can I get the loan for same.

  3. Prashant Waghamode

    Muze Balaji service nam se 1 Xerox center chalu karna hai kya muze loan mil sakta hai…..
    Please muze bataiye…..please

  4. hello sir,
    sir i need 3 lakh loan for open a bakery plant, i have owen land.
    kiya 3 lakh ka loan mil sakta hai.

  5. g prasad rao achary

    For silver mfg existing unit can I get 2lakh loan

  6. क्या बिजनेस के लिए लोन मिल सकता है कृपया हमें बताये

  7. Dear sir,
    we are one of the service mechanical contractor in HPCL refinery Visakhapatnam. we want to expanded our business through hydraulic torque spanner could we can get the loan for purchase of the item we are having income tax return and all required tax could you give me guidance
    Thanking you

  8. Hi,

    I like your post. I went to bank and asked the details for the mudra yujana. They have ask me to come in first week of Feb. As going again to discuss with the bank representative, can you please confirm the required document and what would time period for approvals
    Will take. Can loan avail for Open category pls brief.

    Satyashil Jadhav

  9. halo, i want to start a business so, can I get loans for starting a workshop

  10. From which banks we get loans through MUDRA

  11. SBI bank not provide loan to me and I have applied loan on 26september 2015 also from that I submit all documents with 2registry as a proof since the bank always create issues u submit these documents still I deposit all documents and on 24november 2015 employee said u apply for vat number
    Apart from these manager also take a stamp of rs800 sometime employee and manager said we do not provide loan and behave rudely
    What is this I don’t u understand??? I request you to take necessary step
    SBI bank branch Hansi

  12. 9779878231

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