V Mudra Card

V-Mudra Card

1

Purpose

To provide working capital facility to micro enterprises through ‘V-Mudra Card’.

Mudra Card will be a non-personalized debit card on RuPay payment platform, to be co-branded with Mudra Ltd.

2

Eligibility

 

Micro entrepreneurs engaged in income generating non-farm activities

3

Nature of facility

Working Capital

4

Quantum of Loan minimum/maximum.

Maximum of Rs 50000/-

5

Margin

 Nil

6

Rate of interest

Click here 

7

Guarantor

Waived

8

Security

Hypothecation of moveable assets created out of loan

9

Processing fees/other charges

Nil

10

Repayment

Operative facility for 3 years, should be renewed every year

11

Application with checklist

Click Here for Application Form with Checklist

 

12

Any other relevant matter

Mudra Card can be used to draw cash from any ATM or BC or make purchases using POS machine.

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