Mudra Loans (Pradhan Mantri MUDRA Yojana - PMMY)
Mudra Loans are government-backed loans introduced under the Pradhan Mantri MUDRA Yojana (PMMY) to support micro and small enterprises in India. The scheme provides financial assistance without the need for collateral, empowering entrepreneurs, small traders, artisans, and service providers to grow their businesses and contribute to local economies.
Objectives of Mudra Loans
Promote self-employment and entrepreneurship
Support small businesses that are often underserved by traditional banks
Enable inclusive financial access across rural and urban India
Generate employment through enterprise development
Eligible Sectors
Small manufacturing units
Retail and trading businesses
Service enterprises (e.g., beauty parlors, auto repair, tailoring)
Transport operators (e.g., rickshaws, taxis)
Artisans and cottage industries
Food processing units
Agro-based businesses
Key Features
Loan Amount: Up to ₹10 lakhs
No Collateral Required
Repayment Tenure: Flexible, based on business requirements
Interest Rate: Depends on lender’s policy (usually lower than standard small business loans)
Processing Fee: Minimal or NIL for Shishu category
Documents Required
ID and address proof (Aadhaar, PAN, Voter ID)
Proof of business or business plan
Bank statements
Passport-size photographs
Quotation or cost estimates (for Kishor/Tarun loans)
How to Apply
Approach a bank, NBFC, or Micro Finance Institution (MFI) that offers Mudra loans
Submit the application with necessary documents
If eligible, the loan is sanctioned without the need for collateral security
Benefits of Mudra Loans
Easy access to credit for non-corporate small businesses
Encourages entrepreneurship and job creation
Fast processing and minimal documentation
Empowers women and underrepresented groups
Government support with refinancing via MUDRA Bank
Why Choose Us?
Assistance with eligibility check and document preparation
End-to-end support for Mudra loan application
Guidance on choosing the right category (Shishu, Kishor, or Tarun)
Quick turnaround and transparent processing
Fuel your business dreams with the power of Mudra.
