Pradhan Mantri MUDRA Yojana (PMMY)

About the Scheme

Pradhan Mantri MUDRA Yojana was launched on 8 April 2015 to provide financial support to non-corporate, non-farm small and micro enterprises. Loans are provided under three categories: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5,00,001 to ₹10 lakh). MUDRA (Micro Units Development and Refinance Agency) refinances these loans through banks, NBFCs, and MFIs.

Benefits

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

Eligibility Criteria

• 1Non-corporate, non-farm small/micro enterprise
• 2Engaged in manufacturing, trading, or services
• 3Loan amount not exceeding ₹10 lakh
• 4Must be a citizen of India

Documents Required

Frequently Asked Questions