Pradhan Mantri MUDRA Yojana (PMMY)
प्रधानमंत्री मुद्रा योजना (PMMY)
Ministry / Dept: Department of Financial Services, Ministry of Finance • Agency: Commercial Banks / RRBs / Small Finance Banks / MFIs / NBFCs
📋 Scheme Objective & Overview
Flagship scheme providing collateral-free working capital and term loans up to ₹20 Lakhs to non-corporate, non-farm small/micro enterprises.
💰 Key Financial Benefits & Subsidy Details
- ✓Shishu: Loans up to ₹50,000 (ideal for new micro vendors and startups).
- ✓Kishore: Loans from ₹50,001 up to ₹5,00,000 for purchasing equipment or working capital.
- ✓Tarun: Loans from ₹5,00,001 up to ₹10,00,000 for enterprise expansion.
- ✓Tarun Plus: Loans up to ₹20,00,000 for entrepreneurs who have repaid previous Tarun loans.
- ✓Mudra Card provided for pre-approved working capital overdraft facility.
🎯 Who is Eligible? (Eligibility Criteria)
- •Any Indian citizen who has a business plan for a non-farm sector income generating activity.
- •Manufacturing, processing, trading, or service sector activities.
- •Should not be a defaulter to any bank or financial institution.
- •Satisfactory credit track record.
Age Requirement: 18 to 65 years.
Education Qualification: None specified (literacy helpful)
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (Pradhan Mantri MUDRA Yojana (PMMY))
What is the maximum loan limit under Pradhan Mantri MUDRA Yojana (PMMY)?
Eligible applicants can avail up to Up to ₹20 Lakhs across 4 tiers: Shishu (₹50k), Kishore (₹5L), Tarun (₹10L), Tarun Plus (₹20L) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides No direct capital subsidy, but collateral-free guarantee under CGFMU with attractive interest rates credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
100% Collateral-Free & Third-party guarantee-free.
Ready to apply for Pradhan Mantri MUDRA Yojana (PMMY)?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 1800-180-1111 / 1800-11-0001
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