YES Bank MUDRA Loan: Features, Eligibility, Documents & Application Process

YES Bank MUDRA Loan, offered under the Pradhan Mantri MUDRA Yojana (PMMY), is designed to provide small businesses in India with affordable and collateral-free financing. These loans help entrepreneurs meet various business needs such as working capital, expansion, and equipment purchase.

YES Bank MUDRA Loan provides the following

Maximum Loan Amount

• Shishu: Up to ₹50,000
• Kishore: ₹50,001 to ₹5,00,000
• Tarun: ₹5,00,001 to ₹10,00,000

Benefits and Features of Yes Bank MUDRA Loan

• Minimal or zero processing fees depending on the loan type
• No collateral required
• Flexible repayment tenure (up to 5 years for Shishu loans)
• MUDRA Card facility for easy access to funds
• Designed to support small business growth and entrepreneurship
• Applicant should not be a defaulter with any bank or financial institution

Yes Bank e-MUDRA Loan Eligibility Criteria

• Must be an Indian citizen
• Minimum age: 18 years
• Must be engaged in income-generating activities

Eligible Applicants:

• Individuals
• Proprietorship firms
• Partnership firms
• Small manufacturing and food service units
• Service sector enterprises
• Agricultural and allied sector businesses

Documents Required For YES Bank e-MUDRA Loan

• Completed MSME loan application form
• Financial statements for the last 3 years (including audited statements)
• Financial projections for the next 2 years
• Income Tax Returns for the last 2 years or more
• GST returns for the current financial year
• Bank statements for the last 6 months (all accounts)
• Repayment history or latest sanction letter (if applicable)
• Business proof (licenses, permits, or registrations)
• KYC documents of applicant, co-applicant, and guarantor
• Net worth statements (self-certified or CA certified)
• Details of existing loans or working capital facilities
• Audited financials of group companies (if applicable)
• Current orders or major contracts (if any)

*All documents must be self-attested.

Steps to Apply for e-MUDRA Loan Online

• Download the MUDRA loan application form from the official bank website
• Fill out the form with accurate details
• Attach all required documents
• Submit the application online to receive a reference number
• A bank representative will contact you for further processing
• After verification, the loan amount will be sanctioned and disbursed to your account