Mudra Loan (PMMY)
Pradhan Mantri Mudra Yojana
Collateral-free loans for non-farm micro enterprises across Shishu, Kishore, Tarun and Tarun Plus.
Up to ₹20 LakhFunding supportNo collateralIncentiveudyamimitra.inOfficial portal
Who can apply
- Non-corporate, non-farm micro enterprises (manufacturing, trading, services, allied agri)
- Shishu ≤ ₹50k, Kishore ₹50k–₹5L, Tarun ₹5L–₹10L
- Tarun Plus ₹10L–₹20L for those who repaid a Tarun loan
- No default with any bank
Key benefits
- No collateral or processing fee for Shishu
- Covered by CGFMU guarantee
- MUDRA RuPay card for working capital
- Available from banks, NBFCs and MFIs
Documents needed
- Aadhaar & PAN of promoter(s)
- Udyam Registration certificate
- Bank statements (last 6–12 months)
- Business address proof
- Quotation of machinery / items to be purchased
- Business plan
How to apply
- Choose loan category
- Apply via bank / Udyamimitra portal
- Bank appraisal
- Sanction & disbursal
Am I eligible for Mudra Loan (PMMY)?
1What are you looking for?
2What's your business type?
3How much funding do you need?
4How old is the business?
5Owner category
Frequently asked
Is there a subsidy?
Mudra itself is a loan with no capital subsidy, though some states offer interest subvention on top.
Related schemes
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Information summarised from official guidelines; limits change — always verified against udyamimitra.in before filing.