Pradhan Mantri Mudra Yojana (PMMY)

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Highlights

Loan Upto Rs. 10,00,000/- Lakh without any collateral/Security.
Repayment of Loan in 5 years.
No Process Fee Charged Against The Loan

Website

MUDRA Official Website

Udyamitra Official Website

Customer Care

See all Mudra contact details

Information Brochure

Mudra Loan Scheme Features

Overview Of The Scheme
Name Of The Scheme	Pradhan Mantri Mudra Yojana(PMYY)
Launched On	8th Of April, 2015.
Launched By	Prime Minister Of India Sh. Narendra Modi
Benefit Of The Scheme	Credit Loan upto Rs. 10 Lakhs without any Collateral/Security.
Repayment Time Period	5 years
Sections Of The Scheme	Shishu(Loans upto Rs. 50,000/-) Kishor(Loans above Rs. 50,000/- and upto Rs. 5,00,000/-) Tarun(Loans above Rs. 5,00,000/- and upto Rs. 10,00,000/-
Rate Of Interest	As Per Bank Guidelines
Eligibility	All the activities of manufacturing, trading and services are eligible for Mudra Loan.
Official Website	https://www.mudra.org.in/
How to Apply	Through Online portal of Udyamimitra or A person can directly go to the branch of a bank and apply for a loan under the Mudra Yojana.

Introduction

Prime Minister Of India Sh. Narendra Modi launched a scheme "Pradhan Mantri Mudra Yojana on April 8, 2015 at Vigyan Bhawan New Delhi.
MUDRA stands for Micro Units Development & Refinance Agency Ltd.
MUDRA is a Non Banking Finance Institution with the RBI and registered as a company under the Companies Act 2003.
It is a subsidiary of Small Industries Development Bank Of India.(SIDBI)
MUDRA does not gives Loan directly to the micro entrepreneurs or individuals.
Through Pradhan Mantri Mudra Yojana, MUDRA loans can be availed from any branch of Bank, Non-Banking Finance Institution, and Micro Finance Institution.

Types Of Loan Under Mudra Yojana
Shishu	Kishor	Tarun
Loan Upto Rs. 50,000/-	Loan of above Rs.50,000/- and Upto Rs.5,00,000/-	Loan of above Rs.5,00,000/- and upto Rs.10,00,000/-
Entrepreneurs in a primary stage of their business or require lesser funds to get their businesses started can avail the benefit through Shishu section of Mudra Scheme.	Already Started Businesses who wants additional funds to push their businesses further can take benefit under Kishor section of Mudra Scheme.	This is the highest amount of startup loan which beneficiary can avail through Tarun section of Mudra Scheme.
No Processing Fees Charged	No Processing Fees Charged	No Processing Fees Charged
No Collateral Required	No Collateral Required	No Collateral Required
Repayment Of Loan Extended upto 5 Years	Repayment Of Loan Extended upto 5 Years	Repayment Of Loan Extended upto 5 Years
Rate Of Interest As Per Bank Guidelines	Rate Of Interest As Per Bank Guidelines	Rate Of Interest As Per Bank Guidelines
Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank	Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank	Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank
Documents Required:- Self Attested Copy Of Proof Of Identity Proof Of Residence 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old) Quotation(If loan is to be taken for purchasing of business related item) Proof Of Identity Of Business Enterprises Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.	Documents Required:- Self Attested Copy Of Proof Of Identity Proof Of Residence 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old) Quotation(If loan is to be taken for purchasing of business related item) Proof Of Identity Of Business Enterprises Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.	Documents Required:- Self Attested Copy Of Proof Of Identity Proof Of Residence 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old) Quotation(If loan is to be taken for purchasing of business related item0 Proof Of Identity Of Business Enterprises Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.
Application Form And Check List Of Shishu	Application Form And Check List Of Kishor And Tarun

Objective

Main objective is to develop the people and businesses of micro sector in country by supporting them financially.
To help small business owners by supporting them financially.
To support non-corporate business sector, activities of micro and small entities, non-farm sector activities with credit need upto Rs 10 Lakhs.
To help micro units engaged in manufacturing, processing, trading and services sector.

Eligible Activities Which Covered Under Pradhan Mantri Mudra Yojana

Business Activities that are eligible under Pradhan Mantri Mudra Yojana
Transport Vehicle	List Of vehicles that covered under Mudra Loan for purchase are as follows:- Vehicle used in Transportation Of Goods. Passenger Vehicles such as Auto Rickshaw, Small Goods Transport Vehicle, 3 Wheelers, E- Rickshaws, Taxis, etc. Tractors/Tractor Trolleys/Power Tillers which meant for commercial purpose use only. Two Wheelers used for commercial purpose.
Social, Community & Personal Activities	Salons Beauty Parlours Gymnasium Boutiques Tailoring Shop Dry Cleaning Cycle And Motorcycle Repair Shop DTP and Photocopying Facilities Medicine Shops Courier Agents, etc.
Food Product Related Sector	Activities Such as Papad Making, Achaar Making, Jam/Jelly Making Sweet Shops Day to Day Canteen/Catering Services and Small Food Stalls Cold Chain Vehicles Cold Storages Ice Making Units Ice Cream Making Units Biscuit, Bread and Bun Making etc.
Textile Activities	Handloom, Powerloom, Khadi Activity Chikan Work, Zari and Zardozi Work, Traditional Embroidery and Hand Work Traditional Dyeing and Printing Apparel Design, Knitting, Cotton Ginning Computerized Embroidery Stitching and Other Non Garment Products Such As Bag, Vehicle Accessories, Furnishing Accessories, etc.
Loans For Traders And Shopkeepers	Individuals running their Shops/Trading & Business Activities/ Service Enterprise and Non-Farm Income generating activities are eligible to get a financial support of up to Rs. 10,00,000/- Lakhs per enterprise/person for their businesses.
Loan For Equipment Purchase	Any Person keen to setting up his/her micro enterprise by purchasing machinery or equipment are eligible to avail the beneficiary loan size up to Rs. 10,00,000/- Lakh for machine/equipment purchase.
Activities that are allied to agriculture	All the activities that are allied to agriculture are eligible to get the loan under Pradhan Mantri Mudra Yojana. Such Activities are as Follows:- Pisciculture Bee Keeping Poultry Livestock Dairy Agriclinics Agribusiness Centres Food & Agro-Processible etc.

How To Apply For Pradhan Mantri Mudra Yojana

A person can avail the benefit of Pradhan Mantri Mudra Yojana through two ways:-

Offline Mode:-
- Step 1- Go to Your nearest bank branch or in that bank branch from where you want to take a Mudra Loan.
- Step 2- Take an Application Form for Mudra Loan from bank officials and fill it clearly.
- Step 3- Attach all the required documents such as:- ID Proof ( Aadhar, Voter Id, PAN Card, Driving License etc.), Address Proof (Electricity Bill, Telephone Bill, Gas Bill, Water Bill etc.), and Proof Of Business (Business Registration Certificate etc.) with the application form
- Step 4- Submit the application form with the documents to Bank officials.
- Step 5- Bank officials scrutinized the documents and let you know after some period of time that you are eligible for loan or not.
Online Mode:-
- Step 1- First go to web portal of Udyamitra
- Step 2- Click on the Mudra Loans
- Step 3- Then click on Apply here for Registration
- Step 4- Create a profile by entering Name of Applicant, Email(optional) and Phone number of the applicant
- Step 5- An OTP is generated, after filling it an online application form is opened for applicant profile.
- Step 6- After Filling all the necessary details save and submit the application.
- Step 7- Once an applicant registered himself/herself on the portal, the application shall be viewed by all the lenders for credit support and they will contact the applicant themselves.

MUDRA Card

MUDRA Card is a debit card issued when a person get a loan under the Pradhan Mantri Mudra Yojana. It is same like the normal debit card. Through MUDRA Card a borrower can make multiple withdrawals and credits time to time to manage the working capital limit. MUDRA Card can operated anywhere in the country for withdrawal of cash from any bank ATM or micro ATM and also make payment through any Point Of Sale Machines.

List of Financial Institution Under Mudra Scheme
Public Sector Banks:-	Bank Of Baroda	Bank Of India	Bank Of Maharashtra	Canara Bank	Indian Bank
Public Sector Banks:-	Indian Overseas Bank	Punjab National Bank	Punjab & Sindh Bank	Union Bank Of India	UCO Bank
Private Sector Banks	Axis Bank	Bandhan Bank	CSB Bank	City Union Bank	DCB Bank
	Dhanlaxmi Bank	Federal Bank	HDFC Bank	ICICI Bank	IDBI Bank
	IDFC FIRST Bank	IndusInd Bank	J&K Bank	Karnataka Bank	Karur Vysya Bank
	Kotak Mahindra Bank	Nainital Bank	RBL Bank	South Indian Bank	Tamilnad Mercantile Bank
	YES Bank
Other Financial Institutions	State Operated Cooperative Banks	Regional Rural Banks	Micro Finance Offering Institutions	Financial Companies Other Than Bank

Amount Disbursed Under Pradhan Mantri Mudra Yojana
Financial Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021
Number Of Loans Sanctioned	3488924	39701047	48130593	59870318	62247606	50735046
Amount Sanctioned	Rs. 137449.27 Crore	Rs. 180528.54 Crore	Rs. 253677.10 Crore	Rs. 321722.79 Crore	Rs. 337495.53 Crore	Rs. 321759.25 Crore
Amount Disbursed	Rs.132954.73 Crore	Rs.175312.13 Crore	Rs.246437.40 Crore	Rs.311811.38 Crore	Rs.329715.03 Crore	Rs.311754.47 Crore

Important Links

National Toll Free Number

1800 180 1111
1800 11 0001

State Toll Free Numbers For Pradhan Mantri Mudra Yojana
Andaman & Nicobar Island	18003454545	Andhra Pradesh	18004251525
Bihar	18003456195	Chandigarh	18001804383
Daman & Diu	18002338944	Goa	18002333202
Himachal Pradesh	18001802222	Jammu & Kashmir	18001807087
Kerala	180042511222	Lakshadweep	0484-2369090
Manipur	18003453988	Meghalaya	18003453988
NCT Of Delhi	18001800124	Orissa	18003456551
Rajasthan	18001806546	Sikkim	18003453988
Tripura	18003453344	Uttar Pradesh	18001027788
Arunachal Pradesh	18003453988	Assam	18003453988
Chattisgarh	18002334358	Dadra & Nagar Haveli	18002338944
Gujarat	18002338944	Haryana	18001802222
Jharkhand	18003456576	Karnataka	180042597777
Madhya Pradesh	18002334035	Maharashtra	18001022636
Mizoram	18003453988	Nagaland	18003453988
Puducherry	18003453988	Punjab	18001802222
Tamil Nadu	18004251646	Telangana	18004258933
Uttarakhand	18001804167	West Bengal	18003453344

Scheme Forum

Pradhan Mantri Mudra Yojana (PMMY)

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