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CentralBusinessCentral Scheme
PM Mudra Yojana
Managed by: Ministry of Finance (Department of Financial Services)
About the Scheme
PMMY provides collateral-free micro-enterprise loans up to Rs. 10 Lakhs through banks and NBFCs to support small businesses.
Welfare Benefits & Assistance
- •Shishu: Loans up to Rs. 50,000
- •Kishore: Loans Rs. 50,001 to Rs. 5 Lakhs
- •Tarun: Loans Rs. 5,00,001 to Rs. 10 Lakhs
- •No collateral or guarantor required
- •Mudra Card for working capital management
Eligibility Criteria
State ResidencyIndian citizen
Age Limits18+ years
Family Income CapNon-corporate small/micro enterprise
Social Class / CategoryAll (priority to SC/ST, women entrepreneurs)
Additional Prerequisites
- Business must be in non-farm income generating activity
- No collateral required
Documents Required for Application
Tip: Keep scanned color copies of these documents ready before starting your online application.
How to Apply (Step-by-Step Guide)
1
Apply through bank's website or mudra.org.in
1
Visit any bank, NBFC, or MFI branch with business plan and KYC documents
Who Should Apply?
- ✓Small business owners and aspiring entrepreneurs
Who Should NOT Apply?
- ✗Large corporate entities
- ✗Farm sector (use Kisan Credit Card)
Common Rejection Reasons
- •Weak business plan
- •Poor credit history
Recent Updates & Changes
Frequently Asked Questions (FAQs)
What are the three categories?
Shishu (up to 50K), Kishore (50K-5L), and Tarun (5L-10L).
Related Welfare Schemes
National Scholarship Portal
Who Can Apply
Students from SC/ST/OBC/Minority/EWS backgrounds seeking scholarships
Key Benefits
- •Centralized portal for 100+ central and state scholarships
- •Pre-matric, post-matric, and merit-cum-means scholarships
Updated: July 2026Track Status
Scheme Details
State / CentralCentral Government
AuthorityDepartment of Financial Services
SubcategoryMicro Enterprise Loan
Launch DateApril 2015
Target Beneficiaryentrepreneurs, msme, women
Official Helpline1800-180-1111