If you want to download UCO Bank Mudra Loan Form PDF then you have reached the right website. In this post, you can download the Mudra Loan Form PDF through the link given inside this article.
Pradhan Mantri Mudra Yojana is a Government of India scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans up to 10 lakh for non farm income generating activities. Generally, loans up to ` 10 lakh issued by banks under Micro Small Enterprises is given without collaterals. UCO Bank offers business loans under the Mudra loan scheme. These loans help aspiring entrepreneurs to set up small businesses. Existing businesses can also avail these loans for the expansion of their activities. The interest rate on UCO Bank Mudra loans is 8.85% p.a.
Eligibility Criteria for UCO Bank Mudra Loan
There are criteria set and the eligibility of the borrowers are being checked before the banks give any loan to you. The eligible persons for taking this MUDRA loan are:
- Entities, such as proprietary concern, partnership firm, private limited, public limited company and any other legal entity
- Age Criteria: Applicants with no loan defaults or irregular repayment history
- Applicants with good financial and repayment history
- Indian Citizens with no criminal background
UCO Bank Mudra Loan Details
|Interest Rate||8.85% p.a.|
|Minimum Loan Amount||No limit|
|Maximum Loan Amount||Rs.10 lakh|
Documents Required for Pradhan Mantri Mudra Yojana
- Mudra application form.
- Vehicle loan application form.
- 2 passport size colour photographs.
- Photo Identity proof.
- Address proof.
- Income proof.
- Bank statement (last 6 months)
Types of Mudra Loan
Micro Units Development and Refinance Agency (MUDRA) scheme is designed to help in the growth and development of MSMEs. There are three stages of PM MUDRA Yojana, made according to the requirement in stages of development in business. The three types of MUDRA scheme are as follows:
Shishu: Under this stage the applicant will get fund up to Rs.50, 000. This stage will offer to entrepreneurs who are in the initial stage of their business or require fewer amounts of funds in order to get their business started.
Kishor: Under this stage the applicant will get fund ranging from Rs. 50, 000 to Rs. 5 lakh. Kishor loan scheme can be availed by entrepreneurs who already running businesses and started it but they want additional funds for the business or simply the entrepreneurs who require loan for startup business.
Tarun: Under this stage the applicant will get funds ranging between Rs. 5 lakh to Rs.10 lakh. In this stage the entrepreneur have to require the eligibility criteria to apply for this loan. Also this is the maximum limit of amount that an entrepreneur could get who is applying for start-up business.
Benefits of MUDRA Scheme from UCO Bank
There are some benefits of this MUDRA scheme and they are as follows:
- To provide help to the Lower Income Groups (LIGs) and neglected section of country in setting up and developing their business
- To help the Small Scale and Micro enterprises grow and develop their enterprises
- To help in creating easy access to finance for the unbanked and also help to lower the cost of finance
Download UCO Bank Kisan Credit Card Form PDF
|File Name||UCO Bank Mudra Loan Form PDF|
|No. of pages||4|
|Beneficiary||UCO Bank Customer|
|Purpose||To Get Buisness Loan|
|UCO Bank Mudra Loan Form PDF||Download PDF|
UCO Bank Customer Care Helpline Numbers
Customer Service: 1800 103 0123
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UCO Bank Head Office, 10, B T M Sarani, Kolkata – 700 001 West Bengal India.
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