What is the Loan Procedure for Pharma Franchise Business

What is the Loan Procedure for Pharma Franchise Business – Every business happens to need a lot of investment required. Sound financial status is all your required for a better deal in future. When it comes to genuine business opportunities, pharma franchise is the best way. It is low on investment and risk but if you have run out of monetary fund’s and are unable to raise a few thousands or lakhs then turn to a genuine loan scheme –MUDRA loan. Maksun Biotech explains you about the MUDRA yojana introduced by the government and its benefits. We will also share what is the loan procedure for pharma franchise business in India.

What is the Loan Procedure for Pharma Franchise Business

You need to keep the flow of money constant if you are startup business of when you are facing some sort of fluctuations. In case you run out of money and are looking for better ways to raise funds, then go for the government-sponsored loan scheme that will help you raise small fund requirements. For PCD pharma franchise and small to medium scale pharma franchise business, MUDRA yojana is the best. In this post, we will tell you what is the loan procedure for pharma franchise business.

What Is MUDRA Yojana?

A well-known government loaning scheme, MUDRA is an abbreviation of Micro-Units Development & Refinance Agency Limited (MUDRA). It is also known as Pradhan Mantri MUDRA Yojana (PMMY) as it was initiated and launched by our honorable Prime Minister, Narendra Modi as on April 15, 2016. This scheme was launched to support those who face a lack of finances from the banks. It is offered to initiate individuals to a group of individuals who have good ideas but financing has been difficult to raise. These include non-farm small/micro enterprises and non-corporate people engaged in manufacturing, marketing, retail, allied services etc. You get a loan support up to Rs 50 thousand to 10 lakhs. In slabs of three, the loan is offered on the basis of business stage

  1. Shishu: Finance need up to Rs 50, 000
  2. Kishore: Rs 50, 000 to Rs 5 Lakhs
  3. Tarun: Rs 5 Lakhs to 10 Lakhs

If you are a startup PCD pharma franchise owner, then you can get loan support up to Rs 50, 000. If you have an already established franchise business but facing mid-crisis then the loan amount may vary for you.

Procedure To Apply for MUDRA Loan for Pharma Franchise Business

The greatest benefit of applying for MUDRA loan is that you do not need to pay a processing fee, provide collateral security, large interest and go under huge debts. You can use this money to expand your business and move ahead one step closer. It is very important for you to check the MUDRA loan process, documents and interest rates for quick comparison. Taking a loan from a bank is a good decision but choosing a good bank is a wise way.

  • List the banks which offer better proposals of loans.
  • Send applications to more than 2 to 3 banks.
  • Wait for results till the loan is underscan.
  • Once the loan is a pass, you will get a Mudra Card, which is a RuPay card.

Use this card to withdraw money or to make a transaction just like an ATM card. The amount will be over drafted along with that if you have not spent all your amount then it can successfully be returned and may ease out on loan.

Some major Documents You Need To Submit To Take MUDRA Loan

These are some of the common document that you need to submit for applying for a loan. These points may differ company to company which is due to variant policies, regulations, processes etc. Here take a look at the following:

  • Fill MUDRA Loan Application Offline or through Mudramitra portal (mudramitra.in)
  • Recent photograph with a birth certificate.
  • Identity and address proof of the business
  • Bank State of last 6 to 12 months (as per bank)
  • BIL/RBC application form
  • Business plan with quotations of spending plans.
  • Identity Proof i.e. Aadhaar Card/ Driving License/ PAN Card/Passport etc
  • Residential proof
  • Copy of SC/ST/OBC/Minority certificate (if)


Taking a loan from the bank under a government scheme helps you lighten the burden of credit especially high-interest rate. You can even go for Pharma Company that offers credit facilities to its associates. By this way, you will not face many difficulties. It is an advise to never go for agents and always directly go to the bank and get details if you want to take this type of loan.