CreditMantri Finserve Private Limited
4th Floor Sudhama, 36 Vijayaraghava Road,T Nagar, Chennai, Tamil Nadu 600017
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There are a few differences between a MUDRA loan and business loan that are provided to individuals.
MUDRA stands for Micro Units
Development and Refinance Agency Ltd. Refinance support is provided to banks
and MFIs for lending to micro units only.
A business loan can be applied for by
any entrepreneur and a private or public business person to establish, expand
or improve his/her business. It can be a small or large business
Loan amounts of up to Rs.10 lakhs are
Loan amounts of up to Rs.1 crore or
more are provided.
This is offered by the Government
under the Pradhan Mantri Mudra Yojana (PMMY) scheme.
Business loans are NOT provided under
the government scheme
Mudra loans can be availed by
traders, vendors shopkeepers and other service sector businesses.
Business loans can be availed by any
business person or entrepreneur who requires capital for his/her business.
A Mudra Card is a debit card that is
issued against the loan account for the working capital portion of the loan.
This helps the individual withdraw credit and keeps the interest burden at
A business loan gets credited into
the customer’s existing account and no separate debit card is issued for the
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