MUDRA Loan

Micro Units Development & Refinance Agency

Pradhan Mantri MUDRA Yojana (PMMY) - Launched 8th April 2015

MUDRA Loan Scheme

Micro Units Development and Refinance Agency

Funding the unfunded - Supporting micro enterprises engaged in manufacturing, trading and services sectors with loans up to ₹20 lakh

5.77 Crore

Small/Micro Units in India

₹20 Lakh

Maximum Loan Amount

No Collateral

Required

About MUDRA Loan Scheme

A comprehensive micro-finance initiative to support small and micro enterprises

Background

As per NSSO survey (2013), there are around 5.77 crore small/micro units in the country, engaging around 12 crore people, mostly individual proprietorship/Own Account Enterprises.

Over 60% of units are owned by persons belonging to Scheduled Caste, Scheduled Tribe or Other Backward Classes. Most of these units are outside the formal banking system and hence are forced to borrow from informal sources.

Objective

Bridge the gap by providing institutional credit to micro enterprises

Target Beneficiaries

First generation entrepreneurs and existing small businesses looking to expand

Implementation

Extended by Banks, NBFCs, MFIs and other eligible financial intermediaries

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) was announced by the Hon'ble Prime Minister on 8th April 2015, envisages providing MUDRA loan, upto ₹20 lakh, to income generating micro enterprises engaged in manufacturing, trading and services sectors.

The overdraft amount of ₹10,000 sanctioned under PMJDY has been also classified as MUDRA loans under Prime Minister MUDRA Yojana (PMMY). The MUDRA loans are extended under following three categories:

MUDRA Loan Categories

Four categories of loans to suit different business needs

Shishu

₹50,000

Loans up to ₹50,000

For startups and small businesses

Kishore

₹5 Lakh

₹50,001 to ₹5 lakh

For growing businesses

Tarun

₹10 Lakh

₹5,00,001 to ₹10 lakh

For established businesses

Tarun Plus

₹20 Lakh

₹10,00,001 to ₹20 lakh

For expansion projects

Amount of Assistance

Up to ₹20 Lakh

in four categories viz. Shishu, Kishore, Tarun and Tarun Plus

Shishu
Up to ₹50,000
Kishore
₹50,001 - ₹5 Lakh
Tarun
₹5,00,001 - ₹10 Lakh
Tarun Plus
₹10,00,001 - ₹20 Lakh

Eligible Borrowers

Who can apply for MUDRA loans

Eligible Entities

  • Individuals
  • Proprietary concern
  • Partnership Firm
  • Private Ltd. Company
  • Public Company
  • Any other legal forms

Key Requirements

  • Should not be defaulter to any bank or financial institution
  • Should have a satisfactory credit track record
  • Individual borrowers may be required to possess necessary skills/experience/knowledge
  • Need for educational qualification, if required for the proposed activity

Important Notes

Business Sectors:

Manufacturing, Trading, and Services sectors are covered under MUDRA loans

Collateral:

No collateral/security required for MUDRA loans

Apply for MUDRA Loan

Submit your application for micro enterprise loan

MUDRA Loan Application

Personal Information

Business Information

Loan Requirements

Bank Information

Address Information

By submitting this application, you agree to the terms and conditions of MUDRA loan scheme.

Get in Touch

Contact us for more information about MUDRA loans

Helpline

1800-180-1111

Mon-Fri: 9 AM - 6 PM

Email

mudra@sidbi.in

support@mudra.org.in

Website

mudra.org.in

Official Portal

Address

MUDRA Ltd.

New Delhi, India