What is Mudra scheme ?

Details of Mudra Scheme is provided below.

Pradhan Mantri Mudra Yojana (PMMY) is a programme directed towards supporting income generating micro enterprises engaged in manufacturing, trading and services sectors with a loan requirement up to INR 10 lakh. Recently, the activities allied to agriculture are also included as eligible under PMMY. 

Eligibility Criteria

Details about Mudra Loan

Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products / schemes. The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to :

• Shishu : covering loans upto 50,000/-
• Kishor : covering loans above 50,000/- and upto 5 lakh
• Tarun : covering loans above 5 lakh and upto 10 lakh

The micro enterprises loans upto INR 10 lakh are collateral free and they can be covered under Credit Guarantee Fund for Micro Units (CGFMU) operated by National Credit Guarantee Trustee Company Limited (NCGTC).

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme for providing loans upto INR 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY.

These loans are given by Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation/growth.