PM Mudra Yojana

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Overview & About

Collateral-free loans up to ₹20 lakh for micro and small business enterprises

Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8 April 2015 to provide collateral-free loans to micro and small enterprises. MUDRA stands for Micro Units Development and Refinance Agency.

The scheme provides loans under three categories — Shishu (up to ₹50,000), Kishor (₹50,001–₹5 lakh), and Tarun (₹5–10 lakh). A new Tarun Plus category (₹10–20 lakh) was introduced in 2024.

💼 Key Facts

Shishu Up to ₹50,000

Kishor Up to ₹5 lakh

Tarun Up to ₹10 lakh

Tarun Plus Up to ₹20 lakh

Collateral None required

Helpline 1800-180-1111

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Benefits

Shishu: Loans up to ₹50,000
Kishor: Loans from ₹50,001 to ₹5 lakh
Tarun: Loans from ₹5 lakh to ₹10 lakh
Tarun Plus: ₹10–20 lakh (new category)
No collateral required
Available through banks, MFIs, NBFCs
MUDRA RuPay Debit Card provided

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Eligibility Criteria

Any Indian citizen with a business plan for non-farm income activities
Small manufacturers, shopkeepers, vendors, artisans, service providers
Good credit history preferred
Business must be in non-agriculture sector

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Required Documents

Aadhaar + PAN Card
Business address proof
Bank statement (6 months)
Business plan / quotation for equipment
Caste certificate (for SC/ST/OBC)

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How to Apply

1

Visit any bank, NBFC or MFI offering MUDRA loans

2

Fill MUDRA loan application form

3

Submit documents including business plan

4

Bank assessment (5–7 working days)

5

Loan disbursed with MUDRA RuPay card

6

Also apply online at udyamimitra.in

↗ Apply on Official Website

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Frequently Asked Questions

Is MUDRA loan available for agriculture? ▾

No, MUDRA loans are only for non-farm income activities and small businesses.

What is the interest rate? ▾

Interest rates vary by bank and category, typically 8–12% p.a. No fixed rate set by MUDRA.

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Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

Related Schemes

Need Help?

PM Mudra Yojana

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Related Schemes

Jump to Section

Quick Facts

Related Schemes

Need Help?

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