Government is Providing loan upto 10 Lakh ,Know the scheme PMMY, Excellent Opportunity to become rich
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Government is Providing loan upto 10 Lakh ,Know the scheme PMMY, Excellent Opportunity to become rich

Pradhan Mantri MUDRA Yojana (PMMY) provides collateral-free loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises initially. These loans are extended by Banks, NBFCs, Micro finance Institutions (MFIs) and other eligible financial intermediaries as notified by MUDRA Ltd. MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’.MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Government.

Achievements of PM Mudra Yojana:

  • Loan sanctioned: About ₹23 lakh crore has been sanctioned in nearly 41 crore loan accounts
  • Inclusive growth: About 69% of accounts under the scheme belong to women entrepreneurs and 51% of accounts belong to entrepreneurs of SC/ST and OBC categories
  • Easy availability of credit to budding entrepreneurs: Approximately 21% of the total loans have been sanctioned to New Entrepreneurs.
  • Employment Generation: As per a survey conducted by the Ministry of Labour and Employment, PMMY helped in generating over 1 crore net additional employment from 2015 to 2018, out of which women accounted for 69 lakh (62%).


The loan can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture.

There are three loan products under PMMY:

  • Shishu (loans up to Rs. 50,000)
  • Kishore (loans between Rs. 50,000 and Rs. 5 lakh)
  • Tarun (loans between Rs. 5 lakh and Rs. 10 lakh).

How to Apply for Mudra Loan Online?

The Mudra scheme offers funding to businesses in the non-corporate and non-farm sectors of the micro, small, and medium enterprises (MSME) sector. Note that Mudra loans cannot be taken for personal needs, and you must have a genuine business plan before applying for the loan. 

Interested applicants can apply for Mudra Loan online by simply visiting the official website of the authorised banks. You must fill the online application form for either the Shishu, Kishore, or Tarun loan scheme, depending upon your needs and the scale of your operations. Below we have provided simple steps to apply for a Mudra loan online:

  • Step 1: Visit the official website of the PMMY -authorised financial institution from which you wish to avail the Mudra loan. Download the relevant form from the options that will look similar to the ones in the screenshot below.
  • Step 2: Download the form of the loan (Shishu, Tarun, or Kishore) you require and enter personal and business details like your name, date of birth, residential/business address, and educational qualifications, etc., in the Mudra loan application form
  • Step 3: Then, submit the application form. Ensure you have the required documents while submitting it to the bank or the lending institution.
  • Step 4: Once the Mudra loan application form and attached documents are processed and verified, the loan shall be approved and disbursed into your bank account.

Procedure to Apply for Mudra Loan Offline

If you face any problem at the time of availing a Mudra loan online, you can go with the offline method. Mentioned below are the steps by which you can apply for a Mudra Loan offline:

  • Step 1: Visit a PMMY-authorised financial institution or NBFC.
  • Step 2: Make sure that you have a documented business plan.
  • Step 3: Fill out the Mudra loan application form with the necessary details.
  • Step 4: Submit the application form enclosed with the necessary documents and with passport size photographs. 
  • Step 5: After the verification of all the documents, the loan request will be approved and the loan amount will be remitted to your bank account. 

Documents Required for Mudra Loan Application

The list of documents required for Mudra loan application is given below:

  • A Mudra application form with two of your most recent passport-sized photographs
  • KYC documents such as your passport, voter ID card, driving licence, Aadhaar card, utility bills (water or electricity), PAN card
  • Special identity documents such as your caste certificate in case you belong to the SC/ST or any other special category
  • A proof of your business income
  • The address proof of your business
  • A proof of establishment of your business (if in case you are already running an enterprise)
  • Your bank account statements going back at least 12 months
  • Your Income Tax Returns (ITR) for the past 2 years, if applicable
  • Any other document requested by the bank officials

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