government-initiated welfare schemes in India are thoughtfully crafted to benefit the nation’s citizens. Among these, a significant number are aimed at empowering individuals to embark on entrepreneurial ventures. A noteworthy initiative in this domain is the Pradhan Mantri Mudra Loan Scheme, prominently featuring the PM e-Mudra Loan program. This scheme is accessible through most banks, including the Bank of Baroda (BOB) and State Bank of India (SBI) under their respective e-Mudra loan offerings.

SBI e-Mudra Loan 2024 Apply Online & Get Loan

If you aspire to start a new enterprise and require immediate financial assistance, the SBI e-Mudra loan acts as a beacon of hope. Designed for those with existing savings or current accounts in SBI, this scheme allows applicants to avail of loans up to ₹50,000 conveniently online.

One of the most commendable features of the PM e-Mudra initiative is its simplicity. Borrowers can apply from the comfort of their homes without visiting the bank physically. The process is swift, enabling individuals to secure loans of up to ₹50,000 within minutes and with minimal paperwork. This article delves into the details, guiding you through the entire procedure to benefit from the SBI e-Mudra Loan Online Apply 2024 program.

Key Highlights of SBI e-Mudra

• Scheme Name: Pradhan Mantri Mudra Loan Yojana (PMMY)
• Initiated By: Prime Minister of India
• Launch Date: April 8, 2015
• Primary Goal: To foster the growth of micro and small-scale businesses and support non-corporate, non-agricultural enterprises by providing loans up to ₹10 lakhs.
• Official Website: Mudra Portal
• SBI e-Mudra Portal: Visit SBI e-Mudra

Documents for SBI e-Mudra Loan

To access an e-Mudra loan of up to ₹1 lakh, small business owners must provide specific documents. However, for loans not exceeding ₹50,000, the following essentials are required:

1. Bank Account Details: The applicant must hold a savings or current account in SBI and provide branch-specific details.
2. Business Certification: Proof of the nature and scope of the business is mandatory.
3. Aadhaar Card: Ensure it is linked to the SBI bank account.
4. Business Registration: Documents like the GSTN number and shop/business registration must be presented.
5. Caste Certificate: Required only if the applicant belongs to a reserved category.

Step-by-Step How to Apply Online for SBI e-Mudra Loan

SBI facilitates loans of up to ₹50,000 for existing customers, streamlining the application process through its online portal. Here’s how to proceed:

1. Visit the Website: Search for “SBI e-Mudra” on Google or directly visit the official SBI e-Mudra Portal.
2. Click on Proceed: Navigate to the portal and begin the application.
3. Provide e-KYC Details: Submit your Aadhaar card details for e-KYC via UIDAI for authentication using e-sign and OTP.
4. Complete Formalities: Once the loan is processed, you’ll receive an SMS instructing you to return to the portal to finalize the application.
5. Finish Within 30 Days: Ensure all formalities are concluded within 30 days of receiving the sanction SMS.

Official Website

Apply Online

SBI e-Mudra Support and Assistance

For any assistance, you can contact the respective helpline numbers or visit the official address.

Helpline/Contact	Details
Mudra Office Address	SWAVALAMBAN BHAVAN, C-11, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI – 400 051
Mudra Helpline	1800 180 1111 / 1800 11 0001
SBI Helpline	1800 11 2211 / 1800 425 3800 / 080-26599990

This comprehensive guide ensures that eligible applicants can seamlessly apply for the SBI e-Mudra loan and kickstart their business journey with ease.