Central Government Scheme
Pradhan Mantri MUDRA Yojana (PMMY)
Collateral-free loans up to ₹10 lakh for non-farm micro and small enterprises.
Eligibility Criteria
- •Non-farm micro or small enterprises engaged in manufacturing, trading, or services
- •Individuals, proprietorships, partnership firms, limited liability partnerships, and companies
- •No minimum income requirement for Shishu and Kishore loans
- •Business plan required for Tarun loans (₹5–10 lakh)
- •Good credit history preferred; no collateral required
Required Documents
- •Aadhaar Card and PAN Card
- •Business address proof
- •Business registration documents (if any)
- •Bank account statements (last 6 months)
- •Passport-size photographs
- •Quotation for machinery/equipment (for equipment loans)
Benefits & What You Get
Three loan tiers: Shishu (up to ₹50,000), Kishore (₹50,001–₹5 lakh), Tarun (₹5–₹10 lakh). Loans are collateral-free and can be used for working capital, equipment purchase, or business expansion. Interest rates are typically 8.5%–12% p.a. A MUDRA Card (RuPay debit card) is issued for working capital loans. Under PMMY 2.0, a new category 'Tarun Plus' up to ₹20 lakh is available for successful Tarun loan repayers.
📹 How to Apply — Video Guide (Hindi)
Watch step-by-step apply process on YouTube
Hindi videos — Pradhan Mantri MUDRA Yojana (PMMY) yojana apply online process
Ready to apply for Pradhan Mantri MUDRA Yojana (PMMY)?
Visit the official government portal to submit your application.