Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

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Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri Mudra Yojana was launched by Hon’ble Prime Minister on April 8, 2015, to ‘fund the unfunded’ by bringing such enterprises to the formal financial system and extending affordable credit to them.

 
 All Branches of Andhra Bank are sanctioning Loans under PMMY
The key features of MUDRA loans are given below
  1. MUDRA Loans are

    • Loans sanctioned To Non-Farm Sector on or after 08.04.2015
    • With Limit up to Rs. 10.00 lacs
    • For Manufacturing, Service and Trading activities

  2. Categories under MUDRA

  3. Category Loan Amount
    Shishu loans up to Rs.50,000/-
    Kishore loans above Rs.50,000/- and up to Rs.5.00 lakhs
    Tarun loans above Rs.5.00 lakhs and up to Rs.10.00 lakhs

  4. Collateral Security: NIL

  5. Guarantee: NIL

    Category Shishu Kishore Tarun
    Rate of Interest

    MCLR

    Applicable as per extant guidelines
    MCLR + 1.80% p.a. + TP*

    * TP of 0.25 % is applicable for TLs with repayment period (including gestation period) above 36 months and up to 60 months and 0.50% for TLs with repayment period (including gestation period) of above 60 months.
    Processing Charges/ Upfront fee Waived 50% concession on applicable Processing/Upfront fee
    Unit Inspection Charges
    Waived Applicable as per guidelines
    Ledger Folio Charges Waived Applicable as per guidelines

  • Click here for English Common Loan Application Form of PMMY
  • Click here for Hindi Common Loan Application Form of PMMY
  • Click here for Telugu Common Loan Application Form of PMMY
  • Click here for English One Page Mudra Shishu Application Form
  • Click here for Telugu One Page Mudra Shishu Application Form
  • Click here for Checklist of Enclosures to PMMY Applications
 
 
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