हिंदी में पढ़े
| Central Bank of India Mudra Loan | |
| Interest Rate | As per the applicant’s credit profile |
| Nature of Loan Facility | Term Loan/Working Capital |
| Loan Amount | Up to Rs 10 lakh (Up to Rs 20 lakh as proposed in Budget 2024 for entrepreneurs in the Tarun category who have repaid previous mudra loans) |
Rates as of 17th October 2024
Types of Central Bank Mudra Loan schemes
Cent Mudra Loans
Purpose: Central Bank of India offers Cent Mudra Loan scheme to finance the loan applicants belonging to both manufacturing and service sectors with financial requirements of up to Rs 10 lakh.
Nature of Loan Facility: Term Loan/Working Capital
Loan Amount: Up to Rs 10 lakh (Up to Rs 20 lakh as proposed in Budget 2024 for entrepreneurs in the Tarun category who have repaid previous mudra loans)
Margin: Up to 25%
Tenure: Up to 7 years
Cent Weaver Mudra Loans (Finance for Individual Weaver)
Purpose: Central Bank of India offers Cent Weaver Mudra Loans to finance the credit requirements of individual weavers.
Nature of Loan Facility: Term Loan/Working Capital
Loan Amount: Rs 50,000-Rs 10 lakh
Margin: 25% of the project cost
Tenure: Up to 7 years
Eligibility Criteria for Central Bank of India Mudra Loan
For Cent Mudra Loan scheme
Individuals, proprietorship, partnership firms, company running as small manufacturing units, fruits or vegetable sellers, shop keepers, transporters, truck operators, beauty parlours, hair cutting salons, hawkers, repair shops, small industries, machine operators, artisans, food processors, co-operative or body of individuals, self help groups, professional and service providers, etc. in rural and urban areas are eligible for availing Cent Mudra Loan scheme.
For Cent Weaver Mudra Loan scheme
- Central Bank of India offers Cent Weaver Mudra Loan scheme to all weavers involved in weaving activities in the handloom sector.
- This scheme also includes new borrowers eligible for loans to carry out the proposed activity under bank’s scheme.
- Cent Weaver Mudra scheme prefers weavers identified under Third Census of handloom weavers conducted by Development Commissioner (Handlooms), Ministry of Textiles as well as those identified by the State Government.
Documents Required for availing Central Bank Mudra Loan scheme
Central Bank of India has not disclosed the documents required for availing Mudra loans. However, applicants may consider the following documents while applying for Mudra Loans with Central Bank of India.
- Photo ID Proof
- Address Proof
- Proof of category like SC/ST/OBC/Minority
- ID Proof and Address of Business Enterprise
- Bank statement for last 6 months
- Balance sheet of the units of last 2 years along with income tax or sales tax return etc. (Applicable for all cases from Rs.2 lakhs and above)
- Projected balance sheets of 1 year in case of working capital limits and for the loan duration in case of term loan (Applicable for all cases from Rs.2 lakhs and above)