Pradhan Mantri MUDRA Yojana

What is PM MUDRA Yojana?

Pradhan Mantri MUDRA Yojana provides collateral-free loans to non-corporate, non-farm micro and small businesses. There are three loan tiers: Shishu (up to ₹50,000), Kishor (₹50,001–₹5 lakh), and Tarun (₹5 lakh–₹10 lakh). A new Tarun Plus category now offers up to ₹20 lakh for growing businesses.

Key Benefits

• Shishu: up to ₹50,000 (new businesses)

• Kishor: ₹50,001 to ₹5 lakh (expanding businesses)

• Tarun: ₹5 lakh to ₹10 lakh (established businesses)

• Tarun Plus: up to ₹20 lakh (for Tarun borrowers with good repayment history)

• No collateral required

• No processing fee under government MUDRA scheme

• RuPay MUDRA Card issued for Shishu/Kishor loans

Who is Eligible?

Any Indian citizen running or planning a non-farm, non-corporate micro or small business — shopkeepers, vendors, artisans, small manufacturers, service providers, repair shops, etc. No minimum turnover required for Shishu. Kishor and Tarun require existing business proof.

Documents Required

• Aadhaar card and PAN card

• Address proof of business

• Business activity proof (for Kishor/Tarun)

• Bank account statements (6 months for Kishor/Tarun)

• 2 passport-size photographs

• Quotation for machinery/equipment (if applicable)

How to Apply

Visit any public sector bank, private bank, NBFC, or MFI and ask for a MUDRA loan. You can also apply online through your bank's portal or at mudra.org.in. For Shishu loans, many banks process within 7–10 days. The Seva Sankalp team can assist with documentation and bank facilitation.

Scheme Assistance

N. Senthilkumar Nagendran

BJP Zone Incharge, Tamil Nadu — leading Seva Sankalp Abhiyan to bring every Central scheme to your doorstep.

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