Pradhan Mantri Mudra Yojana (PMMY)
ShishuUp to ₹50,000
Kishore₹50,001 to ₹5 lakh
Tarun₹5 lakh to ₹10 lakh
Tarun Plus₹10 lakh to ₹20 lakh
⚠️ Loan limits and interest rates change from time to time. Confirm final details with the bank or jansamarth.in. Beware: if anyone asks for money to get you a government loan, be careful.
What is the scheme?
Under Mudra, non-farm small businesses (manufacturing, trading, services and allied activities like dairy and poultry) can get loans from banks, NBFCs and MFIs. Loans are given in four categories. Each lender sets its own interest rate on Mudra loans.
Key benefits
- Loans up to ₹20 lakh (Tarun Plus category)
- Easy process for small businesses
- Many banks give women entrepreneurs a small interest concession
- JanSamarth and UdyamiMitra portals for online application
Eligibility – who can apply
- Indian citizen, generally aged 18 to 65
- Non-farm income business (manufacturing, trading, services) or allied activity such as dairy, poultry, beekeeping
- Not a defaulter of any bank/financial institution
- For Tarun Plus you must have taken a Tarun loan and repaid it on time
Who is not eligible / things to note
- Those who are defaulters on earlier loans
- Those wanting a loan only for farming (crop production); for that there are schemes like Kisan Credit Card
Documents required
- ID proof: Aadhaar / PAN / Voter ID
- Address proof: Aadhaar or recent electricity bill
- Business proof: Udyam registration / GST / trade licence (as applicable)
- Last 6 months' bank statement
- ITR for larger loans (Tarun/Tarun Plus)
- Business plan for Kishore/Tarun, passport photo
How to apply (step by step)
- Decide how much loan you need and which category applies
- Prepare a business plan and the required documents
- Register with mobile number on jansamarth.in or udyamimitra.in and fill the form, or go directly to a bank branch
- Compare offers from different banks/lenders
- After verification the loan is sanctioned and released (time depends on the lender)
💼 Loan EMI Calculator (Mudra, PMEGP, SVANidhi)
Frequently asked questions
Is collateral needed for a Mudra loan?
Mudra is generally considered a collateral-free loan, but the bank may have its own conditions.
What is the interest rate?
The rate depends on the bank/NBFC policy and your profile; the government does not fix one rate. Ask the lender in writing before applying.
What is Tarun Plus?
A newer category of ₹10 lakh to ₹20 lakh, available to those who repaid a Tarun loan on time.
Beware: Do not pay any agent or website in the name of applying for a government scheme. Applying on the official portal is generally free. Do not share OTP, PIN or confidential bank details with anyone.