Overview of SBI Mudra Loan Schemes
As the largest public sector lender in India, State Bank of India (SBI) disburses a major portion of the Pradhan Mantri Mudra Yojana (PMMY) loans. For entrepreneurs running businesses in Rajasthan and across the country, SBI offers simplified application processes and competitive interest rates.
The SBI e-Mudra Scheme (Instant ₹1 Lakh Loan)
To support micro-businesses with emergency working capital requirements, SBI provides a fully digital lending channel called **SBI e-Mudra**. This allows existing customers to secure instant loans up to **₹1,00,000** without physical branch visits.
Prerequisites for SBI e-Mudra
- You must have a Savings Bank or Current Account with SBI that has been active for at least 6 months.
- Your mobile number must be linked with your SBI Account and Aadhaar Card.
- A valid **Udyam MSME Registration Certificate** (can be obtained via SSO Rajasthan or udyamregistration.gov.in).
- Maximum loan period is up to 5 years (60 months).
How to Apply for SBI e-Mudra Online
Access e-Mudra Portal
Go to the official SBI website and look for the 'e-Mudra' option under corporate lending or SME loans.
Provide Account Credentials
Enter your SBI Account Number, mobile number, and the desired loan amount (up to ₹1,00,000).
Confirm KYC & Udyam Details
Enter your Udyam Registration number and UIDAI Aadhaar number to verify your micro-business status.
Complete Aadhaar OTP e-Sign
Confirm the online loan agreement by entering the Aadhaar-linked OTP. The funds are instantly credited to your bank account.
Applying for SBI Mudra Loans Above ₹1 Lakh (Kishore & Tarun Slabs)
If you require financing above ₹1 Lakh up to ₹20 Lakhs, the fully digital e-Mudra path is not applicable. Instead, follow these steps:
- Register on the central **JanSamarth Portal** (jansamarth.in) and enter your financial details.
- Choose **State Bank of India** as your preferred lender and select your local branch.
- Download the generated application form and print it.
- Visit the designated SBI branch with your business plan, last 6 months' bank statements, PAN, Aadhaar, and Udyam certificate.
- The SBI branch loans manager will perform physical site verification before sanctioning the funds.
Official SBI Mudra Customer Care Numbers
For status verification or complaints, reach out to the official SBI customer care desks:
- SBI Corporate Helpline (Toll-Free): `1800-11-2211` / `1800-425-3800`
- SBI Support Center: `1800-123-4`
- SLBC Rajasthan Helpdesk (Convenor BOB): `1800-180-6546`
Frequently Asked Questions
For Shishu e-Mudra loans up to ₹1 Lakh, an SBI Savings Account is fully sufficient. However, for Kishore and Tarun loans, banks generally require you to open a Current Account to handle business transactions.
The interest rates typically start from 8.40% p.a. and are linked to the SBI EBLR (External Benchmark Lending Rate), which changes in accordance with RBI repo rate updates.