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BOB e Mudra Loan 2024 Apply Online: Pradhan Mantri Mudra Loan Scheme has been started by the Central Government to promote MSME in the country. For this, online applications for the PM Mudra Loan Scheme by the Bank of Baroda can be made from the official website www.bankofbaroda.in. Through BOB e Mudra Loan, small enterprises and other small and big traders of the country can start their industry or expand it. The loan is provided to make it bigger.
This loan is provided by Bank of Baroda to customers in the form of three categories Shishu, Kishor and Tarun loan, in which the customer is given a loan ranging from Rs 50 thousand to Rs 10 lakh depending on the category as per his requirement. For which the applicant will have to apply on the official website of BOB, only after which he will be able to avail the benefits of the scheme.
If you also want to apply for a loan of Rs 10 lakh from BOB Mudra Loan to start your industry, then in the scheme You will be able to get complete information related to its eligibility, benefits, objectives, and application process through our article.
BOB e Mudra Loan 2024 Details
The loan given under the Bank of Baroda e Mudra Loan is provided to the beneficiaries under PMMY. Under the Pradhan Mantri e Mudra Loan Scheme, this facility is provided to customers by more than 28 banks.
Under this scheme, citizens or small businessmen who want to start their business can get a loan ranging from Rs 50 thousand to Rs 10 lakh as per their need, for which they have to pay their installment between 12 months to 84 months.
The payment time is given on the basis, of this, no processing amount is charged from the customers on the loan. Under the e-Mudra Loan, women who want to start their industry are charged very low or zero processing fees on the loan sanctioned for setting up their industry.
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Three types of loans provided by the BOB bank
Three types of loans are provided by the bank to the customers as per their requirement, this loan is given to the customers in the form of Shishu, Kishore and Tarun loan, the details of which are as follows.
- Shishu Mudra Loan – Bank of Baroda scheme for all its customers. Under this, a facility of up to Rs 50,000 is provided, this loan is provided to those citizens who want to start their business at the primary level, they can get a loan of up to Rs 50,000 at an annual interest rate of 10 to 12 percent. Will be able to pay the amount within 5 years.
- Kishore Mudra Loan – Under Kishore Mudra Loan, the Bank of Baroda provides loans ranging from Rs 50000 to Rs 500000 to the customers, for which those citizens who have already started their business but have not yet established it. , for which he will be able to get loan to establish.
- Tarun Mudra Loan – Under this category, citizens can get a loan ranging from Rs 5 lakh to Rs 10 lakh to expand their established business.
Eligibility for BOB Mudra Loan
- Applicant citizens must be Indian citizens.
- All applications under small enterprises, micro-enterprises, and non-agricultural enterprises sector will be eligible.
- The minimum age of the applicant should be 18 years or more.
Documents required for BOB Mudra Loan
To get a BOB Loan, the applicant must have some important documents, information about which is as follows.
- Applicant’s aadhar card
- Identity Card (PAN Card, Voter ID)
- passport size photo
- house certificate
- age certificate
- business documents
- mobile number
- bank passbook
How to apply for Bank of Baroda Mudra Loan in 2024?
To get Mudra Loan, applicants can apply for the loan on the official website of Bank of Baroda, for this they should follow the steps mentioned here.
- For loan, applicants should visit the official website of the Bank of Baroda.
- Now the home page of the website will open in front of your screen.
- Here you have to click on the link of Apply after reading all the eligibility and guidelines.
- After which an online form will open on your screen.
- You should carefully enter your name, email ID, mobile number, state name etc. in the form.
- After this you have to read the terms and conditions and put a tick mark on it.
- After filling out all the information you will have to click on the submit button.
- In this way the process of applying online for Mudra Loan in Bank of Baroda will start.
- Now you will have to enter the loan related information correctly in the form and submit it.
- After this, your form will be scrutinized by the officials, after the form is verified, the employees will contact you and pay the loan.
- In this way you will be able to apply for Bank of Baroda Mudra Loan.
FAQs- BOB e Mudra Loan 2024 Apply Online
Who can apply for a BOB Mudra Loan?
Entrepreneurs in small enterprises, micro-enterprises and non-agricultural enterprises sector who are 18 years of age or above can apply for BOB Mudra Loan.
What is the application process for BOB Mudra Loan?
The process of applying for a BOB Mudra Loan has been provided through the above article, reading which you can apply for the loan.
Summary
To all the account holders of Bank of Baroda, we not only told you about BOB E Mudra Loan with the help of this article but we also told you about the complete process to apply for BOB E Mudra Loan online so that all of you can easily. You can easily apply for your loan and avail its benefits.
Finally, at the end of the article, we hope that you all have liked our article very much, that you will like, share, and comment on our article.
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