Pradhan Mantri Mudra Loan Yojna Full Details

Mudra Loan – Pradhan Mantri Mudra Yojana Loan 

Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refinance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakh. MUDRA provides refinance to micro business under the Scheme of Pradhan Mantri MUDRA Yojana. The other products are for development support to the sector. The bouquet of offerings of MUDRA is depicted below. The offerings are being targeted across the spectrum of beneficiary segments.


To signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to, MUDRA offers incentives through these interventions:

> Shishu : covering loans upto 50,000/-

> Kishor : covering loans above 50,000/- and upto 5 lakh

> Tarun : covering loans above 5 lakh and upto 10 lakh

Generally, loans upto 10 lakh issued by banks under Micro Small Enterprises is given without collaterals.

Objective Of The Scheme
Mudra loan is extended for a variety of purposes which provide income generation and employment creation. The loans are extended mainly for :
Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities
Working capital loan through MUDRA Cards
Equipment Finance for Micro Units
Transport Vehicle loans

MUDRA Loan Details:

The name of the type of loan facilities under the Pradhan Mantri Mudra Loan is suggestive of the developmental phases of an enterprise and the quantum of loan sanctioned. There are three Categories of the MUDRA loans based on the stated parameters making the business viable. Apply today at for all the named schemes.

1. Sishu: This loan is meant for entrepreneurs who are looking to start a business or in the process of establishing one. The maximum loan sanctioned under this category is Rs.50000. The basic norms of the loan are:
  • To provide finance for machinery.
  • Valid quotation and supplier details are essential.

2. Kishor: Under the MUDRA scheme, this category of loan is targeted towards entrepreneurs looking to expand their business through the infusion of fresh funds. Thus, the loan sanctioned under this category is in the range of Rs.50001 to Rs.5 lakhs. The key requirements for availing of this loan are:
  • The existing balance sheet for the previous two years.
  • Bank account statement.
  • Income and sales returns.
  • Estimated balance sheet for the current year.
  • Technical and economic viability of the project.

3. Tarun: The third type of loan under PMMY is for entrepreneurs who are well entrenched and have established themselves in the business and yet looking for further growth or diversification. The loan sanctioned under Pradhan Mantri Mudra Yojana for this type of loan is in the range of Rs.500001 to Rs.10 lakhs. The amount involved being the highest under the MUDRA Scheme, the requirements are more stringent than the other two loans. Some of the key requirements are:

  • All the requirements listed for Kishor Mudra Loan.
  • Address and Identity proof.
  • Caste certificate, if eligible for reservation.

  • The other features of MUDRA loan scheme can be summarised as:
  • There are three types of MUDRA loans.
  • There is no minimum amount of loan.
  • The maximum amount of loan is Rs.10 lakhs.
  • There is no security of collateral for the loan.
  • There is no processing fee.
Imporant link: 
Apply Online:Click here 

Primarily the loan facilities are extended to non-corporate non-farm enterprises. However, farm sector enterprises involved in allied services like fisheries, food processing and horticulture, to name a few are eligible.

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