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Pradhan Mantri Mudra Yojana (PMMY)

Collateral-free micro-business loans up to Rs 20 lakh

Government

Central Government

Who it’s for

Women Micro-Entrepreneurs (and all citizens)

Application mode

Bank/NBFC/MFI branch or Online (Jan Samarth)

Processing time

Varies by lender — Shishu loans are often processed faster (days to 2 weeks); larger Kishor/Tarun loans can take longer due to detailed appraisal.

Deadline / renewal

No application deadline — ongoing scheme; loans can be renewed/upgraded to the next category after satisfactory repayment.

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What it provides

Collateral-free loans up to Rs 20 lakh (Shishu/Kishor/Tarun/Tarun Plus categories) for non-farm micro/small enterprises; a large share of loans are availed by women entrepreneurs.

Benefits breakdown

ShishuUp to Rs 50,000For very small/starting enterprises
KishorRs 50,001 to Rs 5 lakhFor slightly established businesses seeking to grow
TarunRs 5,00,001 to Rs 10 lakhFor businesses with an established track record
Tarun PlusRs 10,00,001 to Rs 20 lakhFor businesses that have already availed and successfully repaid a Tarun loan

Who’s eligible

Any Indian citizen with a business plan for a non-farm income-generating micro enterprise; no specific gender restriction, but women prioritised in outreach.

Documents required

  • Identity proof (Aadhaar/PAN/Voter ID)
  • Address proof
  • Business proof/registration (if any)
  • Business plan or project report
  • Passport-size photographs
  • Bank statements (where applicable)

How to apply

Online

  1. Visit the Udyamimitra portal (udyamimitra.in) or Jan Samarth portal (jansamarth.in)
  2. Register and fill in business, loan-category (Shishu/Kishor/Tarun) and personal details
  3. Upload required KYC and business documents
  4. Submit the application; a reference/application ID is generated
  5. Track status online; the chosen bank/NBFC processes and disburses upon approval

In-person / offline

  1. Visit the nearest bank/NBFC/MFI branch offering Mudra loans
  2. Collect and fill the Mudra loan application form (specify Shishu/Kishor/Tarun)
  3. Attach identity, address, business plan and other required documents
  4. Submit at the branch counter; loan is sanctioned and disbursed after verification

Helpline

Contact your specific lending bank/NBFC's customer care

FAQs

Is this loan specifically for women?

No — PMMY is open to all eligible Indian citizens, but women entrepreneurs form a large share of Mudra borrowers and some banks offer preferential terms.

Do I need collateral?

No — Mudra loans are designed to be collateral-free for the borrower, backed by the Credit Guarantee Fund for Micro Units (CGFMU).

Can I use it to buy a personal vehicle?

No — Mudra loans are strictly for income-generating business activities, not personal consumption or personal vehicle purchase.

Last verified 31 August 2026