SBI E-Mudra Loan 2023, Eligibility, Interest Rate and Fees

SBI E-Mudra Loan is a government-backed loan scheme that provides financial assistance to small and micro-enterprises. The loan is offered by the State Bank of India (SBI) and aims to promote entrepreneurship and employment in the country. The loan is offered in three categories, i.e., Shishu, Kishore, and Tarun, and is available to businesses engaged in manufacturing, trading, and service sectors.

SBI E-Mudra Loan Eligibility Criteria

To avail of the SBI E-Mudra Loan, the business must fulfill the following eligibility criteria:

  1. The business must be registered as a partnership, proprietorship, private limited company, or any other legal entity.
  2. The business must have a good credit score and a track record of timely repayments.
  3. The business must have a minimum turnover of Rs. 1 lakh per annum.
  4. The borrower should not be a defaulter of any financial institution.
  5. The borrower should have a valid business plan and a well-defined project report.

Loan Amount

The loan amount under the SBI E-Mudra Loan is categorized into three segments, namely:

  1. Shishu: This segment offers loans up to Rs. 50,000 to small businesses that are in their initial stages.
  2. Kishore: This segment offers loans between Rs. 50,000 and Rs. 5 lakhs to businesses that have already established their presence in the market.
  3. Tarun: This segment offers loans between Rs. 5 lakhs and Rs. 10 lakhs to businesses that have a proven track record of successful operations.

Interest Rate and Repayment Tenure

The interest rate on SBI E-Mudra Loan varies between 10.50% and 12.75%, depending on the loan amount and tenure. The repayment tenure ranges from 3 to 5 years, and the borrower can choose to repay the loan in EMIs (Equated Monthly Installments).

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Documents Required for SBI E-Mudra Loan

The borrower needs to submit the following documents to avail of the SBI E-Mudra Loan:

  1. Identity proof (Aadhaar card, PAN card, Voter ID, Passport, etc.)
  2. Address proof (Electricity bill, telephone bill, ration card, etc.)
  3. Business registration certificate (PAN card, GST certificate, etc.)
  4. Bank statement of the business for the last 6 months
  5. Income tax returns of the business for the last 2 years

SBI E-Mudra Loan can be used for various purposes such as:

  1. Purchasing machinery, equipment, and other fixed assets
  2. Working capital requirements such as purchase of raw materials, payment of salaries, etc.
  3. Business expansion and diversification
  4. Funding for marketing and advertising activities
  5. Upgrading technology and infrastructure
  6. Meeting day-to-day business expenses
  7. Developing and launching new products or services
  8. Setting up a new business or expanding an existing one
  9. Meeting short-term financial requirements of the business
  10. Any other business-related expenses that are essential for growth and development.

It is important to note that the loan amount should be used only for business-related purposes and not for personal expenses. The borrower should also ensure timely repayment of the loan to maintain a good credit score and avail of future financial assistance from SBI or other financial institutions.


SBI E-Mudra Loan is a great opportunity for small and micro-enterprises to get financial assistance and expand their business. The loan is available at a low-interest rate and has flexible repayment options. However, before applying for the loan, the borrower should ensure that their business fulfills the eligibility criteria and they have all the required documents.

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You can visit the official website of State Bank of India (SBI) to apply for the E-Mudra Loan or to get more information about the loan. The website is On the website, you can go to the ‘Loans’ section and select the ‘MSME Loans’ option to find more details about the E-Mudra Loan. You can also use the loan calculator provided on the website to get an estimate of the loan amount, interest rate, and repayment tenure. The website also provides information about the documents required to apply for the loan and the application process.

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