MUDRA LOAN

The Pradhan Mantri Mudra Yojana (PMMY) was launched by the Government of India to support micro and small enterprises engaged in income-generating activities in the manufacturing, trading, and services sectors. In alignment with this national initiative, West Bengal Gramin Bank has formulated operational guidelines to streamline the implementation and delivery of Mudra loans across its network.

• Individuals
• Proprietary concern.
• Partnership Firm
• Private Ltd. Company.
• Public Company.
• Any other legal forms.

The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record. The individual borrowers may be required to possess the necessary skills/experience/ knowledge to undertake the proposed activity. The need for educational qualification, if any, need to be assessed based on the nature of the proposed activity, and its requirement.

Need based term loan/OD limit/composite loan to eligible borrowers for macquiring capital assets and/or working capital/marketing related requirements. The MUDRA loans are provided for income generating small business activity in manufacturing, processing, service sector or trading. The Project cost is decided based on business plan and the investment proposed. MUDRA loan is not for consumption/personal needs.

As per bank's extent guidelines

As per Bank's MSME rate of interest.

As per Bank's extant guidelines.