Mudra Loans KGB Mudra
Kerala Grameena Bank loans under the Pradhan Mantri Mudra Yojana for setting up or upgrading micro enterprises in manufacturing, processing, trading and services, including weavers and artisans, with an online application route.
Last updated on
- Status
- Open
- Run by
- Kerala Grameena Bank
What you get
- Shishu, up to ₹50,000, with no owner contribution
- Kishore, ₹50,001 to ₹5 lakh, with a 15% owner contribution
- Tarun, ₹5 lakh to 10 lakh, with a 15% owner contribution
- No collateral. The loan is secured on the assets it pays for and covered by the Credit Guarantee Fund for Micro Units
- Cash credit or overdraft for working capital, or a term loan for equipment and furniture
- Term loans repaid over up to 84 months including any moratorium, demand loans over up to 36 months
Who can apply
- Open to businesses in manufacturing, services, trading, farming, fisheries and livestock and handicrafts.
- Nano and micro enterprises.
- The most on offer is ₹10 lakh.
- Open to any individual including women, proprietors, partnership firms, private limited companies and other entities
- For micro enterprises, including allied farm activities, weavers and artisans
How to apply
- Use the Apply Now link on the product page, which leads to the bank's own lead form or to the JanSamarth portal
- Or download the PMMY loan application form from the bank's forms page and take it to your nearest branch
In person, nearest Kerala Grameena Bank branch
In Kerala, any Kerala Grameena Bank branch, or online through the Apply Now link on the product page. The bank says it has over 635 branches across all districts of Kerala.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.