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MUDRA Loan (UP Implementation)

State Government Finance Verified Scheme Department of Micro, Small and Medium Enterprises
Type
State Government
Category
Finance
Status
Published

About This Scheme

Collateral-free micro business loans of up to ₹ 20 lakh for non-farm income-generating micro enterprises in Uttar Pradesh under the Pradhan Mantri MUDRA Yojana, delivered through banks with state handholding.

The MUDRA Loan under the Pradhan Mantri MUDRA Yojana provides affordable and collateral-free credit to non-corporate, non-farm micro enterprises in Uttar Pradesh engaged in manufacturing, trading, services and allied agricultural activities. Loans are extended in three categories: Shishu up to ₹ 50,000 for units in the infancy stage, Kishore from ₹ 50,001 to ₹ 5 lakh for units that are yet to become established, and Tarun above ₹ 5 lakh up to ₹ 10 lakh for well-performing units, with the Tarun Plus category extending up to ₹ 20 lakh for satisfactory repayment track records. No collateral or security is required for loans up to ₹ 10 lakh and the interest rate is competitive and linked to the credit profile of the borrower. In Uttar Pradesh the scheme is implemented through scheduled commercial banks, regional rural banks, cooperative banks, NBFCs and micro finance institutions, with the MSME Department and District Industries Centres providing awareness, handholding and loan facilitation via the Nivesh Mitra portal. The loans help micro entrepreneurs start and expand small shops, salons, repair units, food carts, tailoring units, boutiques, transport vehicles and village industries.

Benefits

Collateral-free micro credit up to ₹ 20 lakh, three loan categories (Shishu up to ₹ 50,000, Kishore up to ₹ 5 lakh, Tarun up to ₹ 10 lakh, Tarun Plus up to ₹ 20 lakh), competitive interest rates, flexible repayment tenure of up to 5 to 7 years, and free loan facilitation and handholding at District Industries Centres.

Eligibility

Non-corporate, non-farm micro enterprises in manufacturing, trading, services or allied agriculture in Uttar Pradesh with a business plan for an income-generating activity. Individuals, proprietorship firms, partnerships, joint liability groups, self-help groups and micro finance borrowers are eligible; there is no minimum income ceiling.

Who Can Apply

Micro entrepreneurs of Uttar Pradesh including shopkeepers, vendors, artisans, saloon and repair shop owners, transport operators, food processors, boutiques, village industries and service providers seeking bank credit between ₹ 50,000 and ₹ 20 lakh without collateral.

Who Cannot Apply

Corporate entities, farm sector cultivation activities, units engaged in prohibited trades, applicants with repeated loan defaults or write-offs, and those already enjoying similar government-funded credit for the same unit without repayment.

Required Documents

1
Aadhaar Card
2
PAN Card
3
Business Registration
4
Bank Passbook
5
Passport Photo
6
Caste Certificate (if applicable)
7
Income Certificate

Application Process

1. Prepare a simple business plan or project note for the micro enterprise. 2. Approach any scheduled bank, regional rural bank, cooperative bank, NBFC or Common Service Centre in Uttar Pradesh, or apply through the Nivesh Mitra portal (https://niveshmitra.up.nic.in) for loan facilitation. 3. Submit the application along with Aadhaar Card, PAN Card, business registration or Udyam Certificate, Bank Passbook, Passport Photo, Income/Caste Certificate and proof of business address. 4. The lending institution appraises the proposal and conducts a basic verification of the enterprise. 5. On sanction the loan is disbursed to the borrower account; MUDRA loans up to ₹ 10 lakh require no collateral. 6. Repay the equated monthly instalments as per the repayment schedule and obtain the MUDRA (KVIC/KCC) card for subsequent enhancements.

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Scheme Information

Type State Government
Category Finance
Ministry Government of Uttar Pradesh
Department Department of Micro, Small and Medium Enterprises
State Uttar Pradesh
Status Published

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