Pradhan Mantri MUDRA Yojana
Mudra Loans (PMMY)
Collateral-Free Micro Loans up to ₹20 Lakh
Mudra Loans under Pradhan Mantri Mudra Yojana (PMMY) provide collateral-free credit to micro and small businesses through banks, RRBs, small finance banks and NBFCs - across Shishu (up to ₹50,000), Kishore (₹50,001-₹5 lakh) and Tarun (₹5-₹20 lakh) categories.
Sapno Se Safalta Tak
Up to ₹0L
Loan Potential
Loan
Support Route
MSME
Business Focus
India
Application Access
Scheme Overview
What Is Mudra Loans (PMMY)?
Mudra Loans under Pradhan Mantri Mudra Yojana (PMMY) provide collateral-free credit to micro and small businesses through banks, RRBs, small finance banks and NBFCs - across Shishu (up to ₹50,000), Kishore (₹50,001-₹5 lakh) and Tarun (₹5-₹20 lakh) categories.
Vikas Bharat helps you check fit, prepare documents and structure a lender-ready loan file.
Why Applicants Apply
- 01
Collateral-free loans up to ₹20 lakh
- 02
Three staged categories: Shishu, Kishore and Tarun
- 03
Competitive interest versus informal credit
- 04
Generally no processing fee for Shishu category
- 05
Mudra Card for flexible working-capital withdrawals
- 06
Coverage across manufacturing, services, trading, transport and agri-allied activities
What You Unlock
Benefits Of Mudra Loans (PMMY)
Affordable Credit And Structured Support To Start, Expand Or Stabilise Your Business.
01
Collateral-free loans up to ₹20 lakh
Loan support aligned to scheme or lender guidelines and business readiness.
02
Three staged categories: Shishu, Kishore and Tarun
Faster, clearer documentation for bank or NBFC underwriting.
03
Competitive interest versus informal credit
Guidance on collateral-free or government-backed pathways where available.
04
Generally no processing fee for Shishu category
Support through appraisal, sanction and disbursement follow-up.
05
Mudra Card for flexible working-capital withdrawals
Loan support aligned to scheme or lender guidelines and business readiness.
06
Coverage across manufacturing, services, trading, transport and agri-allied activities
Faster, clearer documentation for bank or NBFC underwriting.
Who Qualifies
Mudra Loans (PMMY) Eligibility
Indian citizens running or proposing non-farm micro enterprises as Proprietorship, Partnership, LLP or Private Limited, typically under about 7 years old with turnover generally not exceeding ₹25 lakh, and with no default history at any bank or financial institution.
Applicant Profile
Eligible Borrower
Individuals or businesses covered under the loan scheme or lender policy.
Business Activity
A viable manufacturing, service, trading or allied activity as permitted.
Credit Standing
Clean repayment history with no active defaults, as required by lenders.
Business & Compliance
Financial Capacity
Turnover, vintage or cash-flow profile matching the loan product.
Registrations
Udyam, GST and entity documents as applicable to the loan type.
Documentation
A complete KYC, DPR and financial file ready for lender review.
How To Apply
Mudra Loans (PMMY) Application Process
Prepare A Complete File, Submit To The Right Lender Channel And Progress Through Appraisal To Disbursement.
- STEP 01
PROCESS
Prepare Documents
Compile KYC, business plan, registration and financials for your Mudra category.
- STEP 02
PROCESS
Choose Lender Channel
Apply via the Mudra portal or an authorised bank, MFI or NBFC branch.
- STEP 03
PROCESS
Submit Application
Complete the form and attach the supporting document file.
- STEP 04
PROCESS
Loan Review
The lender evaluates creditworthiness and business viability.
- STEP 05
PROCESS
Disbursement
On approval, funds are credited to your business account.
Paperwork
Documents Required
Important: Vikas Bharat can help organise a complete, lender-ready documentation file.
Identity proof - Aadhaar, PAN or Voter ID
Address proof - bank statement, electricity bill or Aadhaar
Detailed Project Report / business profile
Udyam registration and entity documents (Partnership Deed / Incorporation)
Latest ITR, balance sheet and P&L for Kishore and Tarun
Caste certificate if applying under special category pathways
Quotations for machinery or assets to be financed
- What is Mudra Loans (PMMY)?
- Mudra Loans (PMMY) provides debt financing for qualifying micro, small or growing businesses under lender and scheme guidelines.
- What loan support is available?
- Collateral-free loans up to ₹20 lakh across Shishu (up to ₹50,000), Kishore (₹50,001-₹5 lakh) and Tarun (₹5-₹20 lakh).
- Who is eligible to apply?
- Indian micro and small non-farm businesses - typically Proprietorship, Partnership, LLP or Pvt Ltd - with clean credit history and activity in manufacturing, services, trading or allied sectors.
- What documents are required?
- KYC, address proof, DPR/business profile, Udyam or entity documents, financials for higher categories, and asset quotations where needed.
Mudra Loans (PMMY) Questions, Answered
Loan Amount, Eligibility, Documents And The Application Process.
What is Mudra Loans (PMMY)?
Mudra Loans (PMMY) provides debt financing for qualifying micro, small or growing businesses under lender and scheme guidelines.
What loan support is available?
Who is eligible to apply?
What documents are required?
Keep exploring
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Credit Guarantee Fund Trust for Micro and Small Enterprises - Collateral-free credit
Open CGTMSE
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