BankCentral Verified 2025-11-09

Pradhan Mantri Mudra Yojana (PMMY)

Collateral-free loans for income-generating micro-enterprises under three categories: Shishu (up to ₹50,000), Kishor (₹50,001 to ₹5,00,000), and Tarun (₹5,00,001 to ₹10,00,000).

Maximum benefit value

₹10 L

Eligibility

  • Indian citizens running non-farm income-generating activities
  • Need for credit up to ₹10 Lakh
  • Micro-units, often self-employed individuals and small businesses

How to apply

Direct application to a bank, NBFC, or Micro Finance Institution (MFI). The loan is provided under the Mudra guarantee.

Required documents

  • Mudra Application Form
  • Proof of Identity and Residence
  • Business proof (Licenses, Registration)
  • Quotation of machinery/items to be purchased

Official sources

Verification notes

Interest rates vary as per the lender and the risk profile of the borrower.