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government of india
Amount
₹50,000 - ₹2,000,000
Provider
government of india
Stage
any Stage
Categories
PMMY aims to provide affordable credit to non-corporate, non-farm small and micro enterprises. It facilitates access to funding for businesses engaged in manufacturing, trading, services, and allied agricultural activities.
Loans are categorized as: Shishu: Up to ₹50,000 Kishore: ₹50,001 to ₹5 lakh Tarun: ₹5 lakh to ₹10 lakh. Tarun Plus: 10 Lakhs to 20 Lakhs.
Non-corporate, non-farm small and micro enterprises, including individuals, proprietorships, partnerships, and other eligible entities, can apply. Applicants must not be defaulters with any financial institution and should have a satisfactory credit track record.
Entrepreneurs can apply for MUDRA loans through approaching banks, NBFCs, and MFIs. Submit required documents and lenders assess the application and disburse the loan if approved.