What can I do when my bank denies me a MUDRA Loan? | Can a Bank deny Mudra Loan?

What can I do when my bank denies me a MUDRA Loan? | Can a Bank deny Mudra Loan?

When we share about mudra loans and how to get mudra loans, in most of the case, we are getting 90 out of 100 complaints against banks regarding mudra loans. What is that:-

1. Banks are not willing to discuss mudra loans.

2. Banks say that they are not providing mudra loans; check another bank

3. Banks have no provision to allot mudra loan 

4. This is not that bank, you check it with another bank.

So, the point is:-

What can I do when my bank denies me a MUDRA Loan? 

and 

Can a Bank deny Mudra Loan?

All the above statements are falls and there are almost all banks running their business in India (Public Sector Banks, Private Sector Banks, and Rural Banks). You can avail list of banks who provide Mudra loans in India here.

So, the thing is that no such banks can reject your proposal to get mudra loans, because that is your fundamental right to get mudra loans from our banks. If some banks are rejecting or not entertaining for mudra loans, that is only because they don't waste time on it. Indirect way, they say that they have several other businesses, so we are not here to entertain a loan policy, which makes several hassles to them. In the last, they are not interested to work on it. That's all. 

OFFERINGS - MUDRA

Don't get panic. We have several options to get the work done by them. Here listed the main things we can do to get our mudra loan proposal entertained by such banks.

1. Post a Letter through the post office or courier service to the complaint cell of Mudra Loans.

2. Put a complaint online regarding the inhuman attitude of such banks.

KERALA GRAMIN BANK PROVIDES MUDRA LOAN

So, we are here to watch a video, which provides the details, what we said above. We have shared this video of WHAT TO DO IF MUDRA LOAN REJECTED BY BANKS OR BANKS ARE NOT ENTERTAINING YOUR MUDRA LOAN PROPOSALS, made by Sivakumar Panampilly, for the informative purpose only. Hence this site doesn't hold any responsibility for what is said in the video or else. 

Sharing 2 Videos for you, in that one is how to get a Mudra loan?

മുദ്ര ലോൺ നിങ്ങൾക്കും ലഭിക്കും | SBI Mudra Loan | Mudra loan for entrepreneurs

And another one is, if Mudra Loan is rejected, then what should we do?

How to apply for mudra loan online | SBI Mudra Loan | Mudra loan for entrepreneurs

Where and how to register your Mudra Loan complaints?

First of all, there are two Toll-Free Numbers provided by the India Government to complain against Mudra Loan rejections and other complaints.

Mudra loan complaint number 

1800 180 1111 & 1800 11 0001

Other things you can do, to register a complaint against Mudra Loans.

click this link to download the details of Nodal Officers 

Click here to know all about Mudra Loans

In Mudra Loans Annual Report, they have provided the below amount of Mudra Loans, in Kerala itself.

Annual Report 2018-19 (provisional)

Shishu Loan- Rs.50000.00
Application sanctioned - 1758176 nos
Sanctioned Amount -4970.78 Crores

Kishore Loan- Rs.50000.00 to Rs.500000.00
Application sanctioned - 227762 nos
Sanctioned Amount -3753.04 Crores

Tarun Loan- Rs.500000.00 to Rs.1000000.00
Application sanctioned - 30639 nos
Sanctioned Amount -2385.35 Crores

Total number of loans sanctioned - 20,16.577 nos
Total amount sanctioned -11,109.17 crores
Total amount disbursed - 10,911.10 crores

You can check the details of Mudra Loan Annual Reports here