Pradhan Mantri MUDRA Yojana

government of india

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Details

Amount

₹50 thousand - ₹20 lakh

Provider

government of india

Type

grant

Categories

About this Opportunity

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.

Eligibility

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.

Application Process

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.

Apply Online