Financial Inclusion
Pradhan Mantri Mudra Yojana
Ministry of Finance · Launched 2015
Offers collateral-free loans to small and micro enterprises and self-employed individuals through banks and NBFCs to fund and grow their businesses.
Key benefit
Collateral-free business loans under the Shishu, Kishore and Tarun categories.
Eligibility criteria
- Indian citizen running or starting a small non-farm business
- Requires funds for a viable income-generating activity
- Not a defaulter with any bank or financial institution
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Documents required
- Aadhaar Card and PAN Card
- Business plan or proof of activity
- Bank account details
- Recent photographs
How to apply
- 1Approach a bank, NBFC or apply via the Udyamimitra portal
- 2Submit the business plan and KYC documents
- 3Choose the loan category as per your need
- 4Receive the sanctioned amount after appraisal
Frequently asked questions
What are the loan categories under Mudra?
Loans are classified as Shishu, Kishore and Tarun based on the financing need and stage of the business.