Ladakh - Apply for Pradhan Mantri Mudra Yojana (PMMY)

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Procedure

Apply In-Person:

1. To Apply for Pradhan Mantri Mudra Yojana, the applicant has to approach their respective bank branch or post office where they have their account.
2. An application form will be provided to the applicant by the bank officer or it can be downloaded from the given following link
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting
6. Submit all the documents with the completed form to the concerned officer.
7. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
8. An acknowledgment receipt will be provided. Please save it for future reference.
9. There are no application fees for the scheme.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. This entire process can be completed within 30 days or as per the timeline advised by the respective bank.

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Required Documents

• Completed Application form link
• Proof of identity - Self certified copy of Voter’s ID card / Driving License / PAN Card / Aadhar Card/Passport.
• Proof of Residence - Recent telephone bill, electricity bill, property tax receipt (not older than 2 months), Voter’s ID card, Aadhar Card & Passport of Proprietor/Partners/Directors.
• Proof of SC/ST/OBC/Minority.
• Proof of Identity/Address of the Business Enterprise -Copies of relevant licenses/registration certificates/other documents pertaining to the ownership, identity and address of business unit.
• Applicant should not be defaulter in any Bank/Financial institution.
• Statement of accounts (for the last six months), from the existing banker, if any.
• Last two years balance sheets of the units along with income tax/sales tax return etc. (Applicable for all cases from Rs.2 Lacs and above).
• Projected balance sheets for one year in case of working capital limits and for the period of the loan in case of term loan (Applicable for all cases from Rs.2 Lacs and above).
• Sales achieved during the current financial year up to the date of submission of application.
• 10) Project report (for the proposed project) containing details of technical & economic viability.
• Memorandum and articles of association of the company/Partnership Deed of Partners etc.
• In absence of third-party guarantee, Asset & Liability statement from the borrower including Directors& Partners may be sought to know the net-worth.
• Photos (two copies) of Proprietor/ Partners/ Directors.

Office Locations & Contacts

MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
Mudra - Micro Units Development & Refinance Agency Ltd
Swavalamban Bhavan,
C-11, G-Block, Bandra Kurla Complex,
Bandra East, Mumbai – 400 051
Tel: 1800 180 1111,1800 11 0001
Email: [email protected]
Website link
Contact details link
Details of bank nodal officers link
PMMY Toll free link
List of Post Offices in India link

Eligibility

• Any Indian Citizen who has a business plan for a non-farm sector income generating activity such as manufacturing, processing, trading or service sector and whose credit need is less than Rs 10 lakh can apply.

Fees

• There is no processing fee for Pradhan Mantri Mudra Yojana.

Validity

• The Repayment period of loan is extended up to 5 years

Documents to Use

• Application form link

Note: The applicant can download the application form based on their languages.

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 30 days or as per the timeline advised by the respective bank.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name of the Enterprise
• Constitution
• Current Business name
• Address
• State
• PIN Code
• Business Premises
• Telephone No
• Mobile No
• E-mail
• Business Activity
• Date of Commencement
• Registration number
• Background Information of Proprietor/ Partners/ Directors
• Names of Associate Concerns and Nature of Association
• Banking/Credit Facilities Existing
• Credit Facilities Proposed
• In case of Working Capital: Basis of Cash Credit Limit applied (In Rs.)
• In case of Term loan requirements, the details of machinery/equipment may be given as under
• Past Performance / Future Estimates
• Status Regarding Statutory Obligations

Need for the Document

• Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to "fund the unfunded" by bringing such enterprises to the formal financial system and extending affordable credit to them.
• It enables a small borrower to borrow from all Public Sector Banks such as PSU Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFI) and Non-Banking Finance Companies (NBFC) for loans up to Rs 10 lakhs for non-farm income generating activities.

Information which might help

Under the aegis of Pradhan Mantri MUDRA Yojana, MUDRA has already created the following products / schemes.

• Shishu: covering loans up to 50,000/-
• Kishor: covering loans above 50,000/- and up to 5 lakhs
• Tarun: covering loans above 5 lakh and up to 10 lakhs

For More Information link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

• The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to. It would be ensured that at least 60% of the credit flows to Shishu Category Units and the balance to Kishor and Tarun Categories. There is no subsidy for the loan given under PMMY. However, if the loan proposal is linked some Government scheme, wherein the Government is providing capital subsidy, it will be eligible under PMMY also.