Entrepreneurs who purchase transport vehicles for transportation
of goods and passengers such as auto-rickshaws, three-wheelers, small
goods transport vehicles, taxis, e-rickshaws, etc.
Tractors,
Power Tillers, Tractor Trolleys, two-wheelers used only for commercial
purposes are also eligible for obtaining Mudra Loans.
Entrepreneurs
running salons, gymnasium, beauty parlours, tailoring shops, boutiques,
dry cleaning, Medicine Shops, cycle and motorcycle repair shops,
Courier Agents, DTP and Photocopying Facilities, etc. can obtain loans
under Mudra Yojana.
Entrepreneurs carrying the activities such
as achaar making, papad making, sweet shops, jam/jelly making, small
service food stalls and day to day catering or canteen services,
ice-making and ice cream units, cold storages, bread and bun making,
biscuit, etc. can obtain loans under Mudra Yojana.
Entrepreneurs
who carry the activities of handloom, khadi activity, power loom,
traditional dyeing and printing, traditional embroidery and handwork,
apparel design, computerized embroidery, cotton ginning, stitching and
other textile non-garment products such as vehicle accessories, bags,
furnishing accessories, etc. are eligible for Mudra Loans.
The
‘Activities allied to agriculture, e.g. beekeeping, poultry,
livestock-rearing, aggregation agro-industries, fishery, dairy, food
& agro-processing, agri-clinics and agribusiness centres, etc. and
services supporting these are eligible for Mudra Loans.
Changes in Lending Target Under the Mudra Yojana
The finance minister in the Budget 2016-2017 set a target of advancing
INR 1.22 lakh crores under the Mudra Yojana to help to support and to
revive the MSMEs.
This lending target was not only achieved but was actual overran by a
big margin. Consequently, in light of the erstwhile success, the union
government decided to double the lending target under the Mudra yojana.
It means that the target would be INR 2.44 lakh crores.
Emphasis on Specific Segments
The Finance Minister said that though the target for lending is scaled
up, the key targets would be women, backward classes, minorities, Dalits
and Tribals who have been usually not provided the adequate opportunity
of getting finances for their businesses.
Mudra Loans Interest Rates
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure |
| State Bank of India | 9.75% onwards | As per the applicant’s profile | Maximum Rs.10 lakh | 1 to 5 years |
| Bank of Baroda | 9.65% onwards | Nil | Maximum Rs.10 lakh | 1 to 5 years |
| Oriental Bank of Commerce | 8.15% onwards | As per the applicant’s profile | Maximum Rs.10 lakh | 1 to 5 years
|