MUDRA Loan Scheme

About the Scheme

MUDRA (Micro Units Development and Refinance Agency Ltd) provides refinance support to banks and NBFCs for lending to micro enterprises. The three categories of interventions are Shishu (up to ₹50,000), Kishore (₹50,001-₹5 lakh), and Tarun (₹5,00,001-₹10 lakh). MUDRA also develops refinancing policy, offers credit guarantee, and builds capacity of MFIs and lending institutions.

Benefits

• Shishu: Up to ₹50,000
• Kishore: ₹50,001 to ₹5,00,000
• Tarun: ₹5,00,001 to ₹10,00,000
• No collateral required
• Competitive interest rates

Eligibility Criteria

• 1Non-corporate, non-farm small/micro enterprises
• 2Engaged in manufacturing, trading, or services
• 3Indian citizen

Documents Required