SBI e-Mudra Loan Apply Online – Full Guide with (2026)
The State Bank of India (SBI) provides the e-Mudra Loan facility under the Government of India’s flagship scheme Pradhan Mantri Mudra Yojana (PMMY). This scheme aims to support micro and small entrepreneurs by offering easy, collateral-free loans to start or expand their businesses.
With the SBI e-Mudra online application system, eligible applicants can apply digitally, reducing paperwork and saving time. This initiative strengthens small businesses and promotes self-employment across India.
What is SBI e-Mudra Loan?
The SBI e-Mudra Loan is a business loan provided under PMMY for non-corporate, non-farm enterprises. It helps individuals who are running small businesses or planning to start one by offering financial assistance without the need for collateral security.
The loan can be used for:
- Starting a new business
- Expanding an existing business
- Buying machinery or tools
- Purchasing raw materials
- Managing working capital needs
Types of SBI Mudra Loans
SBI provides Mudra loans in three categories:
1. Shishu Loan
- Loan amount: Up to ₹50,000
- Suitable for: Very small or new businesses
2. Kishor Loan
- Loan amount: ₹50,001 to ₹5,00,000
- Suitable for: Small businesses in growth stage
3. Tarun Loan
- Loan amount: ₹5,00,001 to ₹10,00,000
- Suitable for: Established businesses seeking expansion
Key Features of SBI e-Mudra Loan
- Loan amount up to ₹10 lakh
- No collateral or security required
- Affordable interest rates
- Flexible repayment tenure up to 5 years
- Online application facility
- Available for manufacturing, trading, and service sectors
- Government-backed scheme
Eligibility Criteria for SBI e-Mudra Loan
Applicants must meet the following conditions:
- Must be an Indian citizen
- Minimum age: 18 years
- Must be engaged in a non-farm income-generating activity
- Should have a business proof or plan
- Must have Aadhaar and PAN
- Should have an active bank account
Documents Required
- Aadhaar Card
- PAN Card
- Passport-size photograph
- Business proof (Udyam Registration, GST Registration, Shop License, or Trade Certificate)
- Address proof
- Bank account details
- Quotation of machinery (for higher loan categories)
How to Apply Online for SBI e-Mudra Loan
Follow these steps to apply online:
- Visit the official SBI Mudra Loan page
- Select the Mudra Loan category (Shishu, Kishor, or Tarun)
- Click on “Apply Online”
- Enter personal and business details
- Upload required documents
- Submit the application
- Bank will verify your details
- SBI will contact you for further processing
- After approval, the loan amount will be credited to your account
Interest Rate and Repayment
The interest rate depends on:
- Loan category
- Applicant’s credit score
- Business profile
Generally, rates range between 8% and 12% per annum.
Repayment period ranges from 1 year to 5 years, with flexible EMI options.
Benefits of SBI e-Mudra Loan
- Encourages entrepreneurship
- Improves access to formal credit
- No need for guarantor or collateral
- Digital and transparent process
- Special support for women entrepreneurs
- Suitable for small traders and service providers
Official Links for SBI e-Mudra Loan Apply Online
You can apply or get more details through the following official websites:
SBI Mudra Loan Page:
https://sbi.co.in/web/business/sme/sbi-mudra-loan
Mudra Yojana Official Website:
https://www.mudra.org.in
PSB Loans in 59 Minutes Portal:
https://www.psbloansin59minutes.com
FAQs – SBI e-Mudra Loan Apply Online
Q1. What is SBI e-Mudra Loan?
SBI e-Mudra Loan is an online loan facility under Pradhan Mantri Mudra Yojana that provides financial support to small business owners without requiring collateral.
Q2. What is the maximum loan amount under SBI Mudra Loan?
The maximum loan amount is ₹10 lakh under the Tarun category.
Q3. Is collateral required for SBI e-Mudra Loan?
No, Mudra loans up to ₹10 lakh are collateral-free.
Q4. Who is eligible to apply for SBI e-Mudra Loan?
Any Indian citizen involved in manufacturing, trading, or service activities can apply, provided they meet the bank’s eligibility conditions.
Q5. What documents are required for SBI Mudra Loan?
Aadhaar card, PAN card, business proof, address proof, bank details, and passport-size photo are required.
Q6. Can I apply for SBI e-Mudra Loan online?
Yes, you can apply online through SBI’s official website or through the PSB Loans in 59 Minutes portal.
Q7. How long does it take for approval?
Approval time depends on document verification and bank procedures, but digital applications are processed faster than offline ones.
Q8. What is the interest rate for SBI e-Mudra Loan?
Interest rates generally range from 8% to 12% per annum, depending on the applicant’s profile and loan type.
Q9. Can women entrepreneurs apply for SBI e-Mudra Loan?
Yes, women entrepreneurs are encouraged to apply and may receive special benefits as per bank norms.
Q10. For what purpose can the loan be used?
The loan can be used for business expansion, purchasing machinery, buying raw materials, and meeting working capital needs.
Conclusion
The SBI e-Mudra Loan Apply Online facility under Pradhan Mantri Mudra Yojana offers a simple and reliable way for small entrepreneurs to access financial support. With no collateral requirement, low interest rates, and a digital application process, this scheme plays a vital role in strengthening India’s small business ecosystem.
If you are planning to start or grow your business, applying for an SBI e-Mudra Loan can be a practical and beneficial option.
The Complete Guide to Pradhan Mantri Mudra Yojana (PMMY) 2026
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