PM MUDRA Yojana
Up to ₹10 Lakh loan without collateral for small businesses
About This Scheme
Pradhan Mantri MUDRA Yojana (PMMY) is a flagship scheme launched by the Government of India to provide loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. The scheme has three categories: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).
Eligibility Criteria
- 1Any Indian citizen with a business plan for non-farm income generating activity
- 2Business should be a non-corporate small business segment
- 3Manufacturing, trading, and service sector enterprises
- 4Allied agricultural activities are also eligible
- 5No collateral required for loans up to ₹10 lakh
Key Benefits
Collateral-free loans up to ₹10 lakh
Lower interest rates compared to market rates
Flexible repayment tenure up to 5 years
No processing fee in many banks
MUDRA Card for working capital needs
Application Process
Check eligibility and prepare business plan
Choose the right MUDRA category (Shishu/Kishore/Tarun)
Submit application with required documents
Bank verification and field visit
Loan sanction and disbursement
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