How & Where to get loans under Pradhan Mantri MUDRA Yojana (PMMY)

1. Process Flow Diagram

Borrower

To approach any of the following lending institutions in their region

Lending institutions shall extend financial assistance under PMMY to eligible borrowers

2. What is MUDRA loan? As per Department of Financial Services, Ministry of Finance, Govt. of India’s letter

No.27/01/2015-CP/RRB dated May 14, 2015 loans given to non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh by all the Public Sector Banks, Regional Rural Banks, State Co-operative Banks and Urban Co-operative Banks will be known as MUDRA loans under the Pradhan Mantri MUDRA Yojana (PMMY). All such loans can be covered under refinance and/or credit enhancement products of MUDRA.

Scheduled Commercial

Banks (Public / Private)

Regional Rural Banks

(RRBs)

Scheduled Urban Co-operative

Banks/ State Co-operative Banks

Micro Financial Institutions viz., NBFCs, MFIs, Societies, Trusts,

etc.

For information on MUDRA products and any kind of assistance, the borrower can either approach/contact MUDRA office at

Mumbai or the identified MUDRA Nodal Officers, whose details are made available at MUDRA’s Website.

Borrower

Borrower

Borrower

Borrower

In addition to these Banks, NBFCs and MFIs operating across the country can also extend credit to this segment, for which they can avail financial assistance from MUDRA Ltd., subject to their conforming to the approved eligibility criteria. Eligibility criteria for availing refinance/financial assistance by institutions from MUDRA has been finalized and hosted at MUDRA’s website.

To begin with, based on eligibility criteria, MUDRA has enrolled 27 Public Sector

Banks, 17 Private Sector Banks, 27 Regional Rural Banks and 25 Micro Finance Institutions (MFIs - list as per Annexure I) as partner institutions for channelizing assistance to the ultimate borrower.

3. Whom to approach for assistance under PMMY?

Borrowers, who wish to avail assistance under Pradhan Mantri MUDRA Yojana (PMMY), can approach the local branch of any of the above referred institutions in their region. Sanction of assistance shall be as per the eligibility norms of respective lending institution.

4. Whom to contact for assistance?

MUDRA has identified 97 Nodal Officers at various SIDBI Regional offices/Branch Offices to act as “first contact persons” for MUDRA.

For information on MUDRA products and for any kind of assistance, the borrower can either approach/contact MUDRA office at Mumbai or the identified MUDRA Nodal Officers, whose details (along with contact numbers and mail ids) are made available at MUDRA’s Website. The borrower may also visit MUDRA website, www.mudra.org.in and can send any query/suggestion to help@mudra.org.in.

Annexure I

List of MFIs shortlisted (Tentative)

S.No. Bank Name Place in which Registered Office is situated

1 S V Creditline Pvt. Ltd. Gurgaon. 2 Margdarshak Financial Services Ltd. Lucknow. 3 Madura Micro Finance Ltd. Chennai. 4 ESAF Micro Finance & Investments P. Ltd. Thrissur, Kerala. 5 Fusion Micro Finance P. Ltd. New Delhi. 6 Ujjivan Financial Services P. Ltd. Bangalore. 7 Future Financial Services Ltd. Chitoor, Andhra Pradesh. 8 SKS Microfinance Ltd. Hyderabad. 9 Utkarsh Micro Finance P. Ltd. Varanasi

10 Equitas Micro Finance Pvt. Ltd. Chennai. 11 Sonata Finance Pvt. Ltd. Allahabad. 12 Saija Finance Private Ltd. Patna. 13 Arth Micro Finance Pvt. Ltd. Jaipur, Rajasthan. 14 Shikhar Microfinance Pvt. Ltd. Dwaraka, New Delhi. 15 Navachetana Microfin Services Pvt. Ltd. Haveri, Karnataka. 16 Samasta Microfinance Ltd. Bangalore. 17 Satin Credit Care Network Ltd. Delhi. 18 Sahyog Microfinance Ltd. Bhopal. 19 Arohan Financial Services P. Ltd. Kolkata. 20 Cashpor Micro Credit Varanasi 21 Digamber Capfin Ltd. Jaipur 22 Bhartiya Micro Credit Lucknow. 23 Sakhi Samudaya Kosh Solapur. 24 Midland Microfin Ltd. Jalandar. 25 RGVN (North East) Microfinance Ltd. Guwahati.

Note :

1) These institutions have to submit their latest financial status/position and submit loan application for availing of financial assistance from MUDRA Ltd.

2) The MFIs although registered in a particular centre or a state can also operate in other centres and states, according to their bye laws. Accordingly, these institutions cover most of the States.

***

ELIGIBILITY CRITERIA FOR MUDRA REFINANCE/ LOAN

Micro Units Development and Refinance Agency (MUDRA) has finalized the eligibility norms for the partner lending institutions for the purpose of availing refinance/ finance for onlending to micro units in manufacturing, trading and service sector in rural and urban areas. The eligible institutions, as indicated below, may approach MUDRA corporate office at First Floor, MSME Development Centre, C-11, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 or the nodal officers placed across the country.

SCHEDULED COMMERCIAL BANKS

All scheduled commercial Banks in public and private sector with 3 years of continuous profit track record, net NPAs not exceeding 3%, minimum net worth of Rs.100 cr. and not less than 9% CRAR.

REGIONAL RURAL BANKS

All restructured RRBs having net NPA within 3% ( relaxable in deserving cases), having profitable operations and not carrying any accumulated losses and CRAR >9%.

MFI / SMALL BUSINESS FINANCE COMPANIES/NBFC

a. Been in lending to Own Account Enterprises, i.e. micro units with loan size upto Rs.10 lakh for atleast 3 years and/or the promoters / management having experience of atleast 10 years in this area.

b. Having minimum out reach of 3000 existing borrowers for MFIs.

c. Having suitable systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management, etc.

d. Meeting the minimum CRAR and other norms stipulated by RBI for MFIs registered as NBFC-MFIs and comply all the prevailing RBI guidelines. For all categories of NBFCs, registration with RBI will be mandatory.

e. Should be a member of a Credit Bureau.

f. Rating requirement:

a. MFIs (including NBFC-MFIs) – minimum Capacity Assessment Rating of mfr5 by CRISIL or its equivalent.

b. NBFCs – minimum external rating of BB- for small NBFCs having total portfolio below Rs. 500 crore and BBB+ for NBFCs having portfolio of Rs. 500 crore or more. For small NBFCs not having external credit rating, they should possess satisfactory borrowing arrangements with any Scheduled Commercial Bank for a minimum of 2 years.

g. Recovery performance: For MFIs : Portfolio at Risk (i.e. overdue more than 30 days) within 5%. For others - Net NPA not higher than 3%.

h. For all MFIs, it will be desirable to have undergone Code of Conduct Assessment (COCA) with a minimum score of 60 or equivalent.

COMMON PARAMETERS

1. The assistance will be based on internal credit appraisal process by MUDRA / SIDBI.

2. The assistance shall be priced based on risk assessment, geographical distribution, social parameters, etc.

3. The Board of MUDRA shall fix prudential ceilings for lending to various categories of borrowers as also limits for individual borrower / borrower group in line with RBI instructions on the subject.

4. The detailed terms of assistance shall be laid down in the loan agreement to be executed with the individual intermediary.

( Jiji Mammen) Chief Executive Officer Date: 06/05/2015

Taxaport Training and IT Solutions Private Limited

BUSINESS CONSULTANTCY AGREEMENT

This agreement dated , is made By and Between , whose address is with passport/registration No , referred to as "Company", AND Mr. _______________________, whose address is , referred to as "Consultant."

1. Consultation Services. The company hereby employs the consultant to perform the service to

arrange business finance or loan arrangement from banks or financial institution, following services in accordance with the terms and conditions set forth in this agreement: The consultant will consult with the officers and employees of the company concerning matters relating to, their financial policies, nature of business, and generally any matter arising out of the business affairs of the company.

2. Terms of Agreement. This agreement will begin and will end on : . Either party may cancel this agreement on thirty (30) days notice to the other party in writing, by certified mail or personal delivery.

3. Place Where Services Will Be Rendered. The consultant will perform most services in accordance with this contract atIn addition the consultant will perform services on the telephone and at such other places as designated by the company to perform these services in accordance with this agreement.

4. Payment to Consultant. The consultant will be paid at the rate of percent of the facility or loan arranged by the consultant for work performed in accordance with this agreement. The consultant will submit an itemized statement setting forth the services rendered, and the company will pay the consultant the amounts due as indicated by statements submitted by the consultant on approval of the loan/financing but before disbursement of loan. However, payment will be en-cashed upon disbursement of loan/finance.

6. Independent Contractor. Both the company and the consultant agree that the consultant will act as an independent contractor in the performance of its duties under this contract.

7. Confidential Information. The consultant agrees that any information received by the consultant during any furtherance of the consultant's obligations in accordance with this contract, which concerns the personal, financial or other affairs of the company will be treated by the consultant in full confidence and will not be revealed to any other persons, firms or organizations.

8. Enforceability: This agreement shall be enforceable by suit or otherwise at INDIA only Signatures. Both the company and the consultant agree to the above contract.

Signed by: Name Designation ______________ Date ______

By: COMPANY Name Designation ______________ Date ______

By: CONSULTANT

Stamp

Schedule of Business Loan Consulting Charges

Preparation of Income Tax Return and Credit Report (Paid Upfront)

Serial Desription Required Cost Refundable

1 Current Year IT Return 1500/- No

2 Last Year IT Return 1500/- No

3 CIBIL Report 1000/- No

4 CIR 350/- No

In Case if customer is having Last 2 year IT + Balance Sheet, Non Refundable Processing Fees-2000/-

In-house Processing Charges (To Be Paid Initially while applying)

Serial Description Charges Refundable

1 Profiling - Sishu (Upto 50,000) 2000/- Yes

2 Profiling - Kishore (Upto 5,00,000) 3000/- Yes

3 Profiling- Balak (Upto 10,00,000) 3000/- Yes

NB : If Loan is not Approved or Declined, Project report fees will be Refunded.

Consultancy Charges ( To be Paid Post Approval)

Serial Description Charges Paid on approval

1 Sishu (Upto 50,000) 3% on Loan Disbursed Yes (Post Dated Chq)

2 Kishore (Upto 5,00,000) 4% on Loan Disbursed Yes (Post Dated Chq)

3 Balak (Upto 10,00,000) 4% on Loan Disbursed Yes (Post Dated Chq)

This Schedule of charges is the Part of the main contract.

NB: Neither the Principal Company nor any of its agent gives guarantee to disburse any loan from any

bank. The Principal company only assists the customer to get the Loan Application form to be processed

through the lending Banks of Mudra Loan. Application will be processed in Minimum of 3(Three) Local

Banks. The loan disbursement is completely at the sole discretion of the lending bank. Money will be

refunded only after the 90(Ninety) days from the date of initial contract.

Document Check List

Company Name : __________________________Address__________________________

Owner Name :__________________________Mobile:___________________________

Loan Require :______________________ T/O:_____________Business Type___________

Current Loan from:____________________________ Case ID:_______________________

Serial Document Received Remarks

1 Voter Card +Aadhar + PAN of Applicant

2 Trade Licence

3 Copy of CIBIL Report

4 Copy of valid Insurance Copy

5 Latest 6 months bank statement co a/c and personal a/c

6 Copy of valid facility letter

7 Copy of Salary Payment Receipt to Staff.

8 Location Map

9 Visiting Card

10 Copy of valid trade license of sister company (if Any)

11 Supporting documents ( LPO, Invoice, cheque copy etc

12 Return cheque clearance proof(if any)

13 Supporting documents of receivables, if any

14 Audit Financial Report

15 Photos of office, warehouse, stocks

16 Clear copy of last 2 years, audited financials

17 Clear copy of all credit card statement for the cards held

18 Tenancy Contract / Title Deed

19 Landline Telephone Bill / Electricity Bill

20 High Value cheque deposit proof

21 Employee List

22 In case of cash deposit- Copy of invoice

23 Post Dated Cheques- Complete Cheque Book Require

24 List of Supplier

25 List Of Buyer

26 Rubber Stamp

Date : Sign :_________________________