V-Mudra Card
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1
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Purpose
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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.
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2
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Eligibility
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Micro entrepreneurs engaged in income generating non-farm activities
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3
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Nature of facility
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Working Capital
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4
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Quantum of Loan minimum/maximum.
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Maximum of Rs 50000/-
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5
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Margin
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Nil
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6
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Rate of interest
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Click here
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7
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Guarantor
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Waived
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8
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Security
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Hypothecation of moveable assets created out of loan
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9
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Processing fees/other charges
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Nil
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10
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Repayment
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Operative facility for 3 years, should be renewed every year
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11
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Application with checklist
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Click Here for Application Form with Checklist
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12
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Any other relevant matter
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Mudra Card can be used to draw cash from any ATM or BC or make purchases using POS machine.
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