* You must be a minority (Muslim, Christian, Sikh, Buddhist, Parsi, or Jain) citizen of India.
* Your annual family income should not exceed Rs. 6 lakhs.
* You should be residing in Mumbai for at least 5 years.
* You must have a valid PAN card and Aadhar card.
* You must be engaged in business or self-employment for at least 2 years.
* Your business should be registered with the local municipal authorities.
2. Required Documents:
* Duly filled loan application form
* Two passport-size photographs
* Proof of identity (PAN card, Aadhar card, Voter ID, etc.)
* Proof of residence (Electricity bill, Telephone bill, etc.)
* Income certificate (ITR, salary slip, etc.)
* Business registration certificate
* Proof of business activity (GST certificate, shop act license, etc.)
* Bank statement for the last 6 months
3. Loan Amount:
* The loan amount ranges from Rs. 50,000 to Rs. 5 lakhs.
4. Interest Rate:
* The interest rate for the loan is 10% per annum.
5. Repayment Period:
* The loan has to be repaid within a maximum period of 5 years.
6. Application Procedure:
* You can obtain the loan application form from the Maulana Azad Alpsankhyak Aarthik Center in Mumbai.
* You can also download the loan application form from the official website of the Maulana Azad Alpsankhyak Aarthik Center.
* Fill out the loan application form and attach the required documents.
* Submit the completed loan application form along with the required documents to the Maulana Azad Alpsankhyak Aarthik Center in Mumbai.
7. Processing Fees:
* The processing fee for the loan is Rs. 1,000.
8. Contact Details:
* Maulana Azad Alpsankhyak Aarthik Center
* Wadia House, 12th Floor, 121 Mahatma Gandhi Road,
* Fort, Mumbai - 400 001
* Phone: 022-22612261
* Email: maac@maulanaazad.in
* Website: www.maulanaazad.in