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Mudra Loan

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Why Apply for Mudra Loan?

Empowering Small Businesses
Empowering Small Businesses

Supporting entrepreneurs to grow and expand

No Collateral Required
No Collateral Required

Easy access to credit without security

Quick Approval Process
Quick Approval Process

Fast loan processing in 7-14 days

Low Interest Rates
Low Interest Rates

Competitive rates starting from 8%

About PM Mudra Yojana | पीएम मुद्रा योजना के बारे में

Pradhan Mantri Mudra Yojana (PMMY)

Empowering micro-enterprises with easy access to credit for business growth and expansion

सूक्ष्म उद्यमों को व्यापार वृद्धि और विस्तार के लिए ऋण की आसान पहुंच प्रदान करना

Explore Loan Categories Calculate EMI
₹50K - 10L
Loan Amount Range
ऋण राशि सीमा
0%
Collateral Required
जमानत आवश्यक
8-15%
Interest Rate
ब्याज दर
7-14 Days
Quick Approval
त्वरित स्वीकृति
Up to ₹10L
Loan Amount
0%
No Collateral
8-15%
Low Interest
7-14 Days
Quick Approval

About Pradhan Mantri Mudra Yojana (PMMY)

प्रधानमंत्री मुद्रा योजना

PMMY is a flagship scheme launched by the Government of India in April 2015 to provide financial support to micro-enterprises in the non-farm sector. The scheme aims to "fund the unfunded" by providing loans to small entrepreneurs and businesses without requiring collateral.

Happy entrepreneur with business growth - Mudra Yojana benefits

Objective | उद्देश्य

The primary objective of PMMY is to:

Promote Entrepreneurship

Support new and existing micro-enterprises across India

Financial Assistance

Provide loans to small businesses and startups

Support Business Activities

Manufacturing, trading, and services sectors

Generate Employment

Create opportunities across the country

Empower Business Owners

Especially in rural and semi-urban areas

Accessible Credit

No collateral or security required

Key Benefits | मुख्य लाभ

No Collateral Required

Loans are provided without any security or third-party guarantee, making it accessible to all entrepreneurs regardless of their financial status.

Quick Processing

Fast loan approval and disbursement within 7-14 days from the date of application submission, helping you start or expand your business quickly.

Low Interest Rates

Competitive interest rates starting from 8% per annum, making loans affordable for small businesses and startups.

Wide Network

Available through all scheduled commercial banks, Regional Rural Banks, and NBFCs across India, ensuring easy access.

Interest Rates | ब्याज दरें

Interest rates for Mudra loans vary depending on the lending institution and loan category:

Shishu (शिशु)

Up to ₹50,000
Interest Rate
8-12%
per annum

Kishore (किशोर)

₹50,001 to ₹5 Lakh
Interest Rate
10-13%
per annum

Tarun (तरुण)

₹5 Lakh to ₹10 Lakh
Interest Rate
12-15%
per annum
Important Note | महत्वपूर्ण नोट

Note: Interest rates may vary from bank to bank. Please check with your lending institution for current rates. ब्याज दरें बैंक के अनुसार अलग-अलग हो सकती हैं। कृपया वर्तमान दरों के लिए अपने उधार संस्थान से जांच करें।

Mudra Loan Categories

PMMY offers loans under three categories based on the stage of growth and funding needs of the business

Shishu Loan Category - Startup Business Loans up to ₹50,000 for new entrepreneurs

Shishu (शिशु)

Up to ₹50,000

For New Startups

Perfect for entrepreneurs starting their journey. Ideal for small-scale businesses, vendors, and first-time business owners who need initial capital to begin operations.

Eligibility:
  • Indian citizen above 18 years of age
  • New or existing micro-enterprise
  • No minimum turnover requirement
  • Engaged in manufacturing, trading, or services
Documents Required:
  • Aadhar Card (Identity Proof)
  • PAN Card
  • Bank Statement (last 6 months)
  • Business Proof (if existing business)
  • 2 Passport size photographs
  • Address Proof (Aadhar/Voter ID/Utility Bill)
Purpose:
  • Starting a new business
  • Working capital requirements
  • Equipment and machinery purchase
  • Business expansion
  • Inventory management
Interest Rate:

8-12% per annum (varies by bank)

Calculate EMI
Kishore Loan Category - Growing Business Loans ₹50,001 to ₹5 Lakh for expanding businesses

Kishore (किशोर)

₹50,001 to ₹5 Lakh

For Growing Businesses

Designed for businesses that have been operating for some time and need funds to scale up operations, increase their market presence, and expand their customer base.

Eligibility:
  • Existing business with 1+ years of operations
  • Annual turnover up to ₹5 lakh
  • Good repayment track record
  • Business should be profitable or break-even
  • No defaults in previous loans (if any)
Documents Required:
  • Aadhar Card & PAN Card
  • Business Registration Certificate
  • IT Returns (if applicable)
  • Bank Statement (last 12 months)
  • Business Plan/Project Report
  • GST Certificate (if registered)
  • 2 Passport size photographs
Purpose:
  • Business expansion and growth
  • Technology upgrade and modernization
  • Marketing and promotion activities
  • Inventory management and stocking
  • Infrastructure development
Interest Rate:

10-13% per annum (varies by bank)

Calculate EMI
Tarun Loan Category - Established Business Loans ₹5 Lakh to ₹10 Lakh for well-established enterprises

Tarun (तरुण)

₹5 Lakh to ₹10 Lakh

For Established Businesses

For well-established businesses ready for significant growth. Best suited for enterprises with proven track records seeking substantial funding for large-scale expansion.

Eligibility:
  • Established business (minimum 3+ years)
  • Annual turnover ₹5-25 lakh
  • Strong financials and credit history
  • Profitable operations for last 2-3 years
  • Good banking relationship
Documents Required:
  • All identity & address proofs
  • Company/Business Registration Certificate
  • IT Returns (last 2-3 years)
  • Audited Financial Statements
  • Detailed Project Report (DPR)
  • GST Certificate and Returns
  • Bank Statement (last 2 years)
  • Business License (if applicable)
Purpose:
  • Large-scale business expansion
  • Infrastructure development
  • Technology and automation
  • Market diversification
  • Setting up new branches/units
Interest Rate:

12-15% per annum (varies by bank)

Calculate EMI

EMI Calculator for Mudra Loans

Calculate your monthly EMI (Equated Monthly Installment) for Mudra loans | मुद्रा ऋण के लिए अपनी मासिक EMI की गणना करें

Loan Details | ऋण विवरण

₹50,000 ₹10 Cr
12 months 240 months
8% 15%

Calculation Results | गणना परिणाम

मासिक EMI
Monthly EMI
₹16,135
कुल राशि
Total Amount
₹5,80,860
कुल ब्याज
Total Interest
₹80,860
Loan Breakdown | ऋण विवरण
Principal Amount
मूलधन राशि
₹5,00,000
Interest Payable
ब्याज देय
₹80,860
Total Amount
कुल राशि
₹5,80,860

Key Eligibility Information for Mudra Loans

Important points to check before applying for Mudra loans

Citizenship & Age

Must be an Indian citizen and at least 18 years old. No upper age limit for Mudra loans.

Business Type

Micro-enterprises in manufacturing, trading, or services sector. Includes small businesses, vendors, shopkeepers, and self-employed individuals.

Documents

Valid identity proof (Aadhar), address proof, PAN card, bank statements, and business proof (if applicable).

Bank Account

Active bank account with good transaction history. No need for existing relationship with lending bank.

Credit History

No defaulters list. Good credit score preferred but not mandatory for first-time borrowers under Shishu category.

Loan Purpose

Funds must be used for business purposes: working capital, equipment purchase, expansion, or starting new business.

Important Disclaimer - Information Portal

Important Disclaimer | महत्वपूर्ण अस्वीकरण

This is an informational portal only. Not an official Government website.

यह केवल एक सूचनात्मक पोर्टल है। यह कोई आधिकारिक सरकारी वेबसाइट नहीं है।

  • Loans are sanctioned by Banks, NBFCs, and MFIs based on their own terms and conditions.
  • This portal provides information and guidance only. No agents or middlemen are involved.
  • Please verify all information with the respective lending institutions before applying.
  • Interest rates, eligibility criteria, and loan terms may vary as per the lending institution's policies.

ऋण बैंकों, NBFCs और MFIs द्वारा अपनी शर्तों और नियमों के आधार पर स्वीकृत किए जाते हैं। कृपया आवेदन करने से पहले सभी जानकारी संबंधित उधार संस्थानों से सत्यापित करें।