Ministry of Finance · Part B
Pradhan Mantri Mudra Yojana
PMMY
Collateral-free Mudra loans up to ₹20 lakh from banks, NBFCs and MFIs to start, run or expand a small business.
Overview & Objective
Collateral-free Mudra loans up to ₹20 lakh from banks, NBFCs and MFIs to start, run or expand a small business.
Key Benefits & Funding
- Term Loan / Overdraft/ Working Capital / Composite Loan for acquiring assets are required.
- Loans shall be granted across the following types of loans:
- Shishu Loan: up to ₹50,000
- Kishor Loan: ₹50,000 to ₹5 lakh
- Tarun Loan: ₹5 lakh to ₹10 lakh
- TarunPLus Loan: ₹10 lakh to ₹20 lakh.
Eligibility Criteria
- Individuals, Proprietary, Partnership Firm, Private Ltd. Company, Public Company, any other legal forms.
How to Apply
Mudra loans are available at all bank branches across the country. Mudra loans are also issued by NBFCs / MFIs who are engaged in financing for micro enterprises in small business activities. It can also be applied through the Jan Samarth Business Loan Portal (https://www.jansamarth.in/business-loan-pradhan-mantri-mudra-yojana-scheme) or Udyamimitra portal (www.udyamimitra.in).