Pradhan Mantri MUDRA Yojana

iAbout This Scheme

Loans up to ₹20 lakh provided to non-corporate, non-farm small/micro enterprises for income-generating activities through Shishu, Kishore, Tarun, and Tarun Plus categories.

🎁Key Benefits

Shishu: Loans up to ₹50,000
Kishore: Loans ₹50,001 to ₹5 lakh
Tarun: Loans ₹5 lakh to ₹10 lakh
Tarun Plus: Loans ₹10 lakh to ₹20 lakh
No collateral required for Shishu/Kishore

✅Eligibility Criteria

1
Non-farm income generating activities
2
Manufacturing, trading, service sectors
3
New or existing businesses
4
Indian citizen with viable business plan

🤖

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📝How to Apply

1

Prepare Business Plan

Create a simple business plan or project report

2

Approach Bank / MFI

Visit any PSU bank, regional rural bank, or microfinance institution

3

Fill Loan Application

Fill Udyami Mitra form or bank's MUDRA application

4

Loan Sanctioned

Receive MUDRA card and loan amount in bank account

❓Frequently Asked Questions

Is there a subsidy on MUDRA loans?

No direct subsidy, but interest rates are low. Some schemes like PMEGP offer subsidy alongside MUDRA.