About this scheme
SBI e-MUDRA is a fully digital MUDRA Shishu loan up to Rs. 50,000. Eligible SBI savings account holders apply via SBI YONO / e-Mudra portal and receive approval + disbursement within 30 minutes. No branch visit required.
What you get
- Loan amount: up to Rs. 50,000 (Shishu tier)
- End-to-end digital — no branch visit
- Approval + disbursement within 30 minutes
- Interest rate: 8.5%-12% per annum
- Repayment via auto-debit from SBI account
- 3-5 year tenure with no foreclosure penalty
Who qualifies
Existing SBI savings account holders (account 6+ months) running a non-farm business. Must have Aadhaar + PAN linked + good account history. Eligibility determined by SBI's digital scoring engine.
All industries qualify (no NIC restriction).
Available across India (central scheme).
How to apply
- 1Open emudra.sbi.co.in (or SBI YONO app)
- 2Enter SBI account number + verify with OTP
- 3Aadhaar e-KYC + PAN verification
- 4Self-declare business activity + income
- 5Digital scoring engine evaluates + approves
- 6Funds credited to SBI account within 30 minutes
Key terms and conditions
- Pure digital flow — no human intervention typically
- Auto-debit EMI from SBI account
- No collateral required
- CGFMU guarantee cover
What disqualifies you
- Non-SBI customers must open account first
- Account age below 6 months — likely declined
- CIBIL score below 650 typically rejected
Documents typically required
- SBI savings account (6+ months old)
- Aadhaar
- PAN
- Business proof
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.