If you’re a budding entrepreneur or a small business owner looking for quick financial support, the BOB E-Mudra Loan 2025 could be your gateway to growth. Offered by Bank of Baroda, this government-backed loan is designed to uplift Micro, Small and Medium Enterprises (MSMEs) with accessible and collateral-free funding.
What is the BOB E-Mudra Loan?
The E-Mudra Loan is part of the Government of India’s Pradhan Mantri Mudra Yojana (PMMY) initiative, aimed at boosting entrepreneurship across the country. Through Bank of Baroda, eligible applicants can secure financial aid ranging from ₹50,000 to ₹20 lakh, making it an ideal funding source for diverse business needs.
BOB E-Mudra Loan Highlights
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹20 Lakh |
| Repayment Tenure | Up to 5 Years (Extendable to 7 Years) |
| Interest Rate | Based on business profile and credit score |
| Collateral | Not Required |
| Eligibility | MSME entities generating non-farm income |
| Application Mode | Online and Offline |
Loan Categories: Choose What Suits Your Business
BOB Mudra Loans are divided into three main segments based on the funding amount:
| Category | Loan Amount | Best For |
|---|---|---|
| Shishu | Up to ₹50,000 | Startups and new businesses |
| Kishor | ₹50,000 to ₹5 Lakh | Business expansion and development |
| Tarun | ₹5 Lakh to ₹20 Lakh | Established businesses looking to scale |
BOB E-Mudra Loan Eligibility Criteria
- To be eligible for the BOB E-Mudra Loan, you must:
- Operate in manufacturing, trading, or services
- Have a business with capital investment up to ₹10 Lakh
- Possess a satisfactory credit score
- Be engaged in income-generating non-agricultural activities
BOB E-Mudra Loan Documents Required for Application
To ensure a smooth approval process, keep the following documents ready:
- Aadhaar Card
- PAN Card
- Bank statements
- Business registration certificate
- Loan Requirement Justification
- Vendor quotation
BOB E-Mudra Loan Step-by-Step Application Process
Download the Application
Visit the official Bank of Baroda website and download the Mudra Loan form.
Fill in the Details
Complete the form with accurate business and personal information.
Attach Required Documents
Include all necessary proof and supporting paperwork.
Submit the Application
Submit online or visit your nearest BOB branch.
Verification and Approval
After document verification, your loan will be approved and credited directly to your account.