What is PM Mudra Loan Yogana?

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Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them.

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Pradhan Mantri MUDRA Yojana (PMMY)


Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 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, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . 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.


Can MUDRA loan application form be submitted online?

yes, you can apply online visiting the official website Mudra loan - www.mudra.org.in, But you need to have proper business plan to apply business loan.


Which are the required MUDRA loan documents?

The documentation is simply based on the type of loan applied for.


What is MUDRA card?

It is a digital facility introduced for working capital needs under cash credit of MUDRA loan granted Rupay branding by NPCL.


Does MUDRA scheme extend portfolio guarantee?

Yes, under the MUDRA Credit Guarantee Scheme promoted by the Government of India to mitigate collateral and security concerns of the lending institutions


What is the normal repayment of MUDRA loans?

The normal term of repayment is 12 to 60 months.


What is the processing time of MUDRA loan?

It is normally processed in 24 hours.


Main purpose of MUDRA Loan?
The basic aim being income generation, the purpose of the loan serves:

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