Pradhan Mantri Mudra Yojana

About the Programme

Provides collateral-free institutional credit to micro and small business units engaged in manufacturing, trading, services and allied agricultural activities for income generation and employment creation.

Apply/Know More

mudra.org.in

Benefits

• Collateral-free business loans
• Shishu: loans up to INR 50,000
• Kishore: loans above INR 50,000 and up to INR 5 lakh
• Tarun: loans above INR 5 lakh and up to INR 10 lakh
• Competitive interest rates as per lending institution norms
• May be used for working capital, machinery, expansion, transport vehicles and service businesses
• Credit guarantee support under eligible conditions

Eligibility

Micro and small business units engaged in manufacturing, trading, services or allied agricultural activities.

Documents

• Completed application form or online application details
• Identity and address proof / KYC documents
• Relevant registration and beneficiary eligibility proof
• Bank account details and loan/project proposal
• Financial statements or income-related documents, as required by the lender

FAQ

What is Pradhan Mantri MUDRA Yojana (PMMY)? Pradhan Mantri MUDRA Yojana (PMMY) is a support initiative designed for eligible beneficiaries and enterprises. Collateral-free business credit: Shishu up to Rs.50,000; Kishore above Rs.50,000 to Rs.5 lakh; Tarun above Rs.5 lakh to Rs.10 lakh; Tarun Plus above Rs.10 lakh to Rs.20 lakh for eligible previous Tarun borrowers.
Who is eligible? Individuals and eligible business entities undertaking income-generating micro activities in manufacturing, trading, services or permitted agriculture-allied activities. Applicant should not be a defaulter.
What is the main benefit? Collateral-free business credit: Shishu up to Rs.50,000; Kishore above Rs.50,000 to Rs.5 lakh; Tarun above Rs.5 lakh to Rs.10 lakh; Tarun Plus above Rs.10 lakh to Rs.20 lakh for eligible previous Tarun borrowers.
How can an applicant apply? Apply through a participating bank/NBFC/MFI or online through https://www.jansamarth.in/. Final sanction is by the lender.

Beneficiary:

As mentioned above

Benefits:

Credit guarantee support is available under eligible conditions.