1. MUDRA Loan (PMMY)
Who can apply?
- Individuals, startups, micro/small businesses, artisans, shopkeepers, service units
- Age: 18–65 years
- Should not be a defaulter in any bank/NBFC
Loan Amount:
- Shishu: up to ₹50,000
- Kishor: ₹50,000 – ₹5 lakh
- Tarun: ₹5 – ₹10 lakh
- Tarun Plus: ₹10 – ₹20 lakh
Where to apply?
- Nearest Bank Branch
- Bank portals
To check further details, visit Jan Samarth portal: https://www.jansamarth.in/business-loan- pradhan-mantri-mudra-yojana-scheme
Documents Needed:
- Aadhaar & PAN
- Bank account details & passbook copy
- Business proof (GST, trade licence, shop establishment certificate)
- Simple business plan/project report
- Passport-size photo
- Quotation of machinery/equipment/stock
- Credit history (CIBIL score ideally 700+)
- Udyam Registration (for MSMEs)
- Partnership deed/MOA (if applicable)
- Rent agreement/ownership proof of business premises
- Last 6 months bank statement
- Income proof (ITR/Form 16 if available)
Eligibility Notes:
- Business activity must be non-farm (manufacturing, trading, services)
- No collateral required
- Applicant must have a viable business plan