With loans ranging from ₹50,000 to ₹10 lakh that are free of collateral, ICICI Bank’s Mudra Loan Yojana helps micro and small businesses in the non-farm sector expand. This program helps entrepreneurs, especially those without significant assets, to obtain capital for launching or growing their companies and covering operating expenses. ICICI Bank promotes innovation and entrepreneurship by eliminating collateral requirements, which aids in economic growth and employment creation. The bank may also provide advice to customers on how to properly handle their loans, creating a favourable environment for MSEs in India. Check the ICICI Bank Mudra Loan Eligibility Criteria 2025 before claiming the loan and if you qualify then fill the form for it.
ICICI Bank Mudra Loan Yojana
ICICI Bank’s Mudra Loan Yojana offers ₹50,000 to ₹10 lakh in collateral-free loans to help micro and small businesses (MSEs) in the non-farm sector expand. This program helps business owners who don’t have a lot of assets to get capital for launching or growing their companies and covering operating expenses. By eliminating the need for collateral, ICICI Bank promotes entrepreneurship and innovation, which helps the economy grow and create jobs. To support MSEs in India, the bank may also provide advice on how borrowers can efficiently manage their debts.
ICICI Bank PM Mudra Loan Scheme 2025
| About | ICICI Bank PM Mudra Loan Scheme 2025 |
| Bank Name | ICICI |
| Scheme | Mudra Loan Yojana |
| Eligibility | Refer to the article |
| Category | Finance |
| Official Website | www.icicibank.com |
Eligibility Criteria for ICICI Bank Mudra Loan Yojana
The following is the ICICI Bank Mudra Loan Eligibility Criteria 2025:
- MSMEs, Startups, Entrepreneurs, Business Owners, and Individuals
- Small manufacturers, retailers, traders, craftsmen, shopkeepers, vendors, and other companies solely involved in the trading, services, and manufacturing sectors Women entrepreneurs, as well as individuals who fall under the SC, ST, or OBC categories
- Banks and NBFCs would give preference to applicants who have never had a loan default with any financial institution.
PM Mudra Loan Interest Rates 2025 Bank Wise
| Banks/NBFCs | PM Mudra Loan Interest Rates 2025 Bank Wise |
| Ziploan | 8.00% onwards |
| PSB Loan In 1 Min | 8.50% onwards |
| PNB | 9.15% onwards |
| Saraswat Bank | 11.65% onwards |
| City Union Bank | 12.00% – 12.50% |
| Bajaj Finserv | 8.60 – 11.75% |
| Lendingkart Finance | 1% per month onwards |
| Flexi loans | 1% per month onwards |
| Fullerton India | 1% – 20.00% |
How To Apply Online ICICI Mudra Loan Yojana?
The following procedures can be used to Apply Online ICICI Mudra Loan Yojana:
- Go to the Mudra Loan section of the ICICI Bank website.
- To complete the online application, click the “Apply Now” option.
- Upload the required files, which often include:
- Identity verification using an Aadhaar card, PAN card, or passport.
- Evidence of Address: Utility invoices, rental agreements, or bank statements.
- Business Proof: Trade licenses, GST certificates, or business registration documents.
- Go over your form and send it in.
- Your application will be reviewed by ICICI Bank, which may get in touch with you for more details or supporting evidence.
Types of ICICI Bank Mudra Loan
The Mudra Loan Yojana, a collateral-free loan program from ICICI Bank, provides micro and small businesses in the non-farm sector with loan amounts between ₹50,000 and ₹10 lakh. There are three categories within the scheme:
- Shishu: Loans up to ₹50,000
- Kishore: Loans above ₹50,000 and up to ₹5 lakh
- Tarun: Loans above ₹5 lakh and up to ₹10 lakh
Assistance under Mudra is available to all Non-Corporate Small Business Segments, which include businesses operating as small manufacturing units, service sector units, shopkeepers, fruit and vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors, and others in both rural and urban areas. According to client needs, bank branches would provide loans under the Mudra plan. Loans made under this program don’t require collateral.
What Does an ICICI Bank Mudra Loan Get Used For?
- Automobile Loan: For the acquisition of automobiles, trucks, and motorcycles
- Business Installment Loan: To cover necessary working capital, plant and machinery purchases, office remodeling expenses, etc.
- Group Loans for Business and Rural Business Credit Business Loans: Overdraft facility, working capital loans, and drop line overdraft.
FAQs On ICICI Bank Mudra Loan Yojana
It is true that ICICI Bank is the top private bank, and like other banks, it offers Mudra Loans through the PMMY program.
Your application for a mudra loan may be accepted and processed by any ICICI Bank branch.
To apply for a Mudra loan, you must submit an ICICI Bank Mudra loan application along with a few supporting papers.