PM Mudra Loan Yojana: Loan up to 10 lakh, Application, Eligibility

PM Mudra Loan Yojana

PM Mudra Loan Yojana: The Pradhan Mantri Mudra Yojana (PMMY) is a government-sponsored loans scheme that started in 2015. The program’s goal is to give funds to small businesses and entrepreneurs who want to establish or develop their business.

Shishu Loan, Kishor Loan, and Tarun Loan are the three loan kinds available under the system. The Shishu Loan is for businesses with up to 50,000 in revenue, the Kishor Loan is for businesses with up to 5 lakh in revenue, and the Tarun Loan is for firms with up to 10 lakh in revenue.

What is PM Mudra Loan Yojana?

PM Mudra Loan Yojana is a government-backed loan scheme that was launched in 2015. The scheme aims to provide funding to small businesses and entrepreneurs who are looking to start or expand their businesses.

The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme launched in 2015 to provide financial support to small and micro-enterprises in India. It aims to promote entrepreneurship and generate employment opportunities. Under this scheme, loans up to a specified limit are provided through various financial institutions, such as banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs).

Article – CSC Pm Svanidhi Yojana Apply Online

Who is eligible for PM Mudra Loan Yojana?

To be eligible for a PM Mudra Loan, you must be an Indian citizen and you must be at least 18 years old. You must also have a registered business.

What are the benefits of PM Mudra Loan Yojana?

The benefits of PM Mudra Loan include:

  • Low-interest rates
  • Flexible repayment period
  • No collateral required
  • Easy application process

How can you apply PM Mudra Loan?

You can apply for a PM Mudra Loan online at the official website of the scheme or you can apply through a bank or NBFC.

How to apply for a PM Mudra Loan online

PM Mudra Loan
PM Mudra Loan
  1. Go to the official website of PM Mudra Loan.
  2. Click on the “Apply Online” button.
  3. Fill out the application form.
  4. Upload the required documents.
  5. Submit the application form.

Documents that you need to apply for a PM Mudra Loan:

  • Identity proof
  • Address proof
  • Proof of income
  • Business registration certificate

Loan Types

  • Shishu Loan
  • Kishor Loan
  • Tarun Loan

Loan Amounts

  • Shishu Loan: Up to ₹50,000
  • Kishor Loan: Up to ₹5 lakh
  • Tarun Loan: Up to ₹10 lakh

Interest Rates

  • Shishu Loan: 10.5%
  • Kishor Loan: 11.5%
  • Tarun Loan: 12.5%

Repayment Period

  • 3 to 5 years


PM Mudra Loan Yojana is a great opportunity for small businesses to get the funding they need to grow. The loan amounts are relatively small, the interest rates are reasonable, and the repayment period is flexible. If you are thinking about starting a small business, or if you are looking to expand your existing business, I encourage you to consider applying for a PM Mudra Loan.

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