A loan for a small business without a large project
MUDRA loans (PMMY)
01 · What it is
The Pradhan Mantri MUDRA Yojana lets banks, NBFCs and microfinance institutions lend to small businesses in four bands, Shishu, Kishor, Tarun and Tarun Plus, according to how far the business has come.
02 · Who should check it
Small and micro businesses, including manufacturers, that need a loan to start or grow
03 · What it can support
- Loans up to ₹20 lakh: Shishu up to ₹50,000, Kishor up to ₹5 lakh, Tarun up to ₹10 lakh
- Tarun Plus, above ₹10 lakh and up to ₹20 lakh, for those who have repaid a Tarun loan
- Working capital and term loans for small businesses in manufacturing, trading and services
- No collateral, under the scheme's rules
04 · What may be required
- A small business in manufacturing, trading or services, new or running
- A bank, NBFC or microfinance lender that offers it
05 · Documents commonly requestedTick what you already have. 0 of 4 ready.
06 · Application route
Apply at a bank, NBFC or microfinance institution, or through the Udyamimitra portal.
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