Overview
Pradhan Mantri MUDRA Yojana provides loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises through banks, NBFCs and MFIs. Categorised as Shishu (up to ₹50K), Kishor (₹50K–₹5L) and Tarun (₹5L–₹10L).
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Govt scheme
PMMY — MUDRA Loan
Collateral-free loans up to ₹10 lakh for non-corporate small business units under Shishu, Kishor & Tarun categories.
Loan amount
Up to ₹10 lakh (Shishu / Kishor / Tarun).
Interest rate
8%–12% p.a. (RBI-linked, lender-specific).
Subsidy / Guarantee
No direct subsidy. Collateral-free under CGFMU guarantee.
Eligibility
- Indian citizen running non-farm small business
- Activities: manufacturing, processing, trading, services
- No prior loan default history
- Existing or new units both eligible
Documents required
- Identity & Address proof (Aadhaar/PAN)
- Business address proof
- Quotation of machinery (if applicable)
- Last 6 months bank statement
- Recent passport-sized photos
How to apply
- 1Visit udyamimitra.in or partner bank/NBFC branch
- 2Submit MUDRA loan application form with KYC & business proof
- 3Bank appraisal of business plan
- 4Sanction & disbursal (typically 7–15 days)
Official portal: https://www.mudra.org.in/
Visit official portalDisclaimer: Scheme eligibility, approval, and benefits are determined solely by the relevant government authorities, banks, and implementing institutions.