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Micro Units Development and Refinance Agency Limited (MUDRA) was launched as a Financial Institution on 8th April 2015 by the Hon'ble Prime Minister, for encouraging the micro enterprises, engaged in manufacturing, trading, services and other income generating activities.

Shishu Kishor  Tarun 
Max Loan Rs. 50,000/-  Rs. 5,00,000/-  Rs. 10,00,000/- 
Basis of Advance Working capital: 20% of Net turnover
TL: 4 times Avg Gross cash accruals or 80% of agreement value of new asset
Repayment period TL - Max 36 mnths (including 12 mnths moratorium) TL - Max 60 mnths (including 12 mnths moratorium)  TL - Max 60 mnths (including 12 mnths moratorium) 
Primary Security Charge on current asset / Fixed assets
Collateral Security / Guarantor Nil
Rate of Interest Floating: 11.65% (PLR-2.75)
0.10% concession for woman entrepreneur 
Shareholding 2.5% of loan amount, Maximum Rs.25000/-
Processing fee Nil  Nil  Rs. 5000/- 
Renewal fee Nil  Nil  Rs. 500/- 

Loan Application form

Mile yahan, Dono Jahan

True to its new tag line, "Mile Yahan Dono Jahan", Saraswat Bank is committed to bridging the gap between technology and tradition by bringing to its customers the best of both worlds.

Keeping tradition intact and embracing technology, the Bank has matched strides with India's digital revolution by offering various digital banking services designed to make banking more easy and convenient like mobile banking, internet banking, international VISA EMV and RuPay chip cards, etc. Simultaneously, through its emphasis on personalized attention, the Bank has maintained its personal touch with customers. Agility of the small bank with the ability of the large bank has been Saraswat Bank's enduring heritage new.

Contact Saraswat Bank

Corporate Office
Saraswat Co-operative Bank Limited
Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025
Tel: [+91] (022) 2400 5555
Email: corporatecenter@saraswatbank.com