What is PM Mudra Yojana?
Pradhan Mantri Mudra Yojana (PMMY) is a Government of India scheme launched in 2015 to provide loans up to ?10 lakh to non-corporate, non-farm small and micro enterprises.
Three Types of Mudra Loans
- Shishu: Loans up to ?50,000 for startups
- Kishore: Loans from ?50,001 to ?5 lakh for growing businesses
- Tarun: Loans from ?5 lakh to ?10 lakh for established businesses
Eligibility
Any Indian citizen above 18 years running a non-farm micro/small enterprise, including shop owners, vegetable vendors, artisans, and small manufacturers.
How to Apply
Visit your nearest bank, MFI, or NBFC branch. You can also apply online through mudra.org.in. Use our Government Schemes Finder to check eligibility.