Bank of Baroda E-Mudra Loan 2025: Avail Loans from ₹50,000 to ₹10 Lakh

The Bank of Baroda E-Mudra Loan 2025 is a revolutionary financial initiative designed to empower small and micro-enterprises in India. Under the Pradhan Mantri Mudra Yojana (PMMY), this scheme provides affordable credit options to entrepreneurs, enabling them to start or expand their businesses. With loans ranging from ₹50,000 to ₹10 lakh, the Bank of Baroda E-Mudra Loan is a game-changer for aspiring business owners.

In this blog, we’ll explore everything you need to know about the Bank of Baroda E-Mudra Loan 2025, including its features, benefits, eligibility, required documents, and the step-by-step application process.

What is Pradhan Mantri Mudra Yojana (PMMY)?

Launched on April 8, 2015, by the Government of India, the Pradhan Mantri Mudra Yojana (PMMY) aims to provide financial support to small and micro-enterprises. The scheme is designed to help entrepreneurs access credit for both fund-based and non-fund-based business needs.

Under PMMY, loans up to ₹10 lakh are provided to micro-units, with a credit guarantee facilitated by the National Credit Guarantee Trustee Company (NCGTC). The maximum loan tenure is 60 months (5 years), making it an accessible and flexible financing option for small businesses.

Bank of Baroda E-Mudra Loan 2025: Key Highlights

Loan Amount : ₹50,000 to ₹10 lakh Interest Rate : Competitive rates

Tenure : Up to 84 months for term loans; 12 months for working capital loans

Collateral : Not required Processing Fee : No processing charges Eligibility : Small and micro-enterprises, startups, and individual entrepreneurs Purpose : Business setup, expansion, working capital, equipment purchase, etc.

Benefits of Bank of Baroda E-Mudra Loan

Affordable Financing : Loans are available at competitive interest rates, making them accessible to small businesses.

No Collateral Required : Borrowers do not need to provide any security or collateral to avail of the loan.

Flexible Tenure : Loans can be repaid over a tenure of up to 84 months, ensuring manageable EMIs.

No Processing Fees: The Bank of Baroda does not charge any processing fees for E-Mudra loans.

Wide Range of Uses : Funds can be used for various business purposes, including working capital, equipment purchase, and business expansion.

Government-Backed Scheme : The loan is backed by the Pradhan Mantri Mudra Yojana, ensuring credibility and reliability.

Categories of Bank of Baroda E-Mudra Loan

The Bank of Baroda E-Mudra Loan is divided into three categories based on the loan amount:

1. Shishu Category : Loans up to ₹50,000 for small startups and micro-enterprises.

2. Kishor Category : Loans ranging from ₹50,000 to ₹5 lakh for growing businesses.

3. Tarun Category : Loans from ₹5 lakh to ₹10 lakh for established businesses looking to expand.

Eligibility Criteria for Bank of Baroda E-Mudra Loan

To apply for the Bank of Baroda E-Mudra Loan, applicants must meet the following eligibility criteria:

The applicant must be an Indian citizen.
The applicant should be a small or micro-enterprise owner or planning to start a new business.
The business should fall under the non-farm sector.
Applicants must have a valid business plan or proof of business activity.
Women entrepreneurs are encouraged to apply, as the scheme offers additional benefits for female applicants.

Documents Required for Bank of Baroda E-Mudra Loan

To apply for the E-Mudra Loan, you will need the following documents:

Identity Proof (Self-Attested Copies)

- Aadhaar Card

- PAN Card

- Voter ID

- Passport

- Driving License

Address Proof

- Latest utility bills (electricity, water, or telephone)

- Aadhaar Card

- Passport

- Property tax receipt (last two months)

Business Proof

- Business registration certificate

- Trade license

- GST registration certificate (if applicable)

- Partnership deed or MOA (for companies)

Bank of Baroda E-Mudra Loan 2025: Avail Loans from ₹50,000 to ₹10 Lakh