Pradhan Mantri Mudra Yojana (PMMY)

Table of contents
PMMY Logo
Highlights
  1. Loan Upto Rs. 10,00,000/- Lakh without any collateral/Security.
  2. Repayment of Loan in 5 years.
  3. No Process Fee Charged Against The Loan
Customer Care
Information Brochure
Overview Of The Scheme
Name Of The Scheme Pradhan Mantri Mudra Yojana(PMYY)
Launched On 8th Of April, 2015.
Launched By Prime Minister Of India Sh. Narendra Modi
Benefit Of The Scheme Credit Loan upto Rs. 10 Lakhs without any Collateral/Security.
Repayment Time Period 5 years
Sections Of The Scheme
  1. Shishu(Loans upto Rs. 50,000/-)
  2. Kishor(Loans above Rs. 50,000/- and upto Rs. 5,00,000/-)
  3. Tarun(Loans above Rs. 5,00,000/- and upto Rs. 10,00,000/-
Rate Of Interest As Per Bank Guidelines
Eligibility All the activities of manufacturing, trading and services are eligible for Mudra Loan.
Official Website https://www.mudra.org.in/
How to Apply Through Online portal of Udyamimitra or A person can directly go to the branch of a bank and apply for a loan under the Mudra Yojana.

Introduction

  • Prime Minister Of India Sh. Narendra Modi launched a scheme "Pradhan Mantri Mudra Yojana on April 8, 2015 at Vigyan Bhawan New Delhi.
  • MUDRA stands for Micro Units Development & Refinance Agency Ltd.
  • MUDRA is a Non Banking Finance Institution with the RBI and registered as a company under the Companies Act 2003.
  • It is a subsidiary of Small Industries Development Bank Of India.(SIDBI)
  • MUDRA does not gives Loan directly to the micro entrepreneurs or individuals.
  • Through Pradhan Mantri Mudra Yojana, MUDRA loans can be availed from any branch of Bank, Non-Banking Finance Institution, and Micro Finance Institution.
Types Of Loan Under Mudra Yojana
Shishu Kishor Tarun
Loan Upto Rs. 50,000/- Loan of above Rs.50,000/- and Upto Rs.5,00,000/- Loan of above Rs.5,00,000/- and upto Rs.10,00,000/-
Entrepreneurs in a primary stage of their business or require lesser funds to get their businesses started can avail the benefit through Shishu section of Mudra Scheme. Already Started Businesses who wants additional funds to push their businesses further can take benefit under Kishor section of Mudra Scheme. This is the highest amount of startup loan which beneficiary can avail through Tarun section of Mudra Scheme.
No Processing Fees Charged No Processing Fees Charged No Processing Fees Charged
No Collateral Required No Collateral Required No Collateral Required
Repayment Of Loan Extended upto 5 Years Repayment Of Loan Extended upto 5 Years Repayment Of Loan Extended upto 5 Years
Rate Of Interest As Per Bank Guidelines Rate Of Interest As Per Bank Guidelines Rate Of Interest As Per Bank Guidelines
Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank Applicant Should Not Be A Defaulter Of Any Financial Institution Or Bank
Documents Required:-
  • Self Attested Copy Of Proof Of Identity
  • Proof Of Residence
  • 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old)
  • Quotation(If loan is to be taken for purchasing of business related item)
  • Proof Of Identity Of Business Enterprises
  • Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.
Documents Required:-
  • Self Attested Copy Of Proof Of Identity
  • Proof Of Residence
  • 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old)
  • Quotation(If loan is to be taken for purchasing of business related item)
  • Proof Of Identity Of Business Enterprises
  • Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.
Documents Required:-
  • Self Attested Copy Of Proof Of Identity
  • Proof Of Residence
  • 2 Recent Photographs Of The Applicant(Not More Than 6 Months Old)
  • Quotation(If loan is to be taken for purchasing of business related item0
  • Proof Of Identity Of Business Enterprises
  • Proof Of Category If Applicant Belongs To Schedule Cast/Schedule Tribe/Other Backward Class/Minority etc.
Application Form And Check List Of Shishu

Objective

  • Main objective is to develop the people and businesses of micro sector in country by supporting them financially.
  • To help small business owners by supporting them financially.
  • To support non-corporate business sector, activities of micro and small entities, non-farm sector activities with credit need upto Rs 10 Lakhs.
  • To help micro units engaged in manufacturing, processing, trading and services sector.

Eligible Activities Which Covered Under Pradhan Mantri Mudra Yojana

Business Activities that are eligible under Pradhan Mantri Mudra Yojana
Transport Vehicle List Of vehicles that covered under Mudra Loan for purchase are as follows:-
  • Vehicle used in Transportation Of Goods.
  • Passenger Vehicles such as Auto Rickshaw, Small Goods Transport Vehicle, 3 Wheelers, E- Rickshaws, Taxis, etc.
  • Tractors/Tractor Trolleys/Power Tillers which meant for commercial purpose use only.
  • Two Wheelers used for commercial purpose.
Social, Community & Personal Activities
  • Salons
  • Beauty Parlours
  • Gymnasium
  • Boutiques
  • Tailoring Shop
  • Dry Cleaning
  • Cycle And Motorcycle Repair Shop
  • DTP and Photocopying Facilities
  • Medicine Shops
  • Courier Agents, etc.
Food Product Related Sector
  • Activities Such as Papad Making, Achaar Making, Jam/Jelly Making
  • Sweet Shops
  • Day to Day Canteen/Catering Services and Small Food Stalls
  • Cold Chain Vehicles
  • Cold Storages
  • Ice Making Units
  • Ice Cream Making Units
  • Biscuit, Bread and Bun Making etc.
Textile Activities
  • Handloom, Powerloom, Khadi Activity
  • Chikan Work, Zari and Zardozi Work, Traditional Embroidery and Hand Work
  • Traditional Dyeing and Printing
  • Apparel Design, Knitting, Cotton Ginning
  • Computerized Embroidery
  • Stitching and Other Non Garment Products Such As Bag, Vehicle Accessories, Furnishing Accessories, etc.
Loans For Traders And Shopkeepers Individuals running their Shops/Trading & Business Activities/ Service Enterprise and Non-Farm Income generating activities are eligible to get a financial support of up to Rs. 10,00,000/- Lakhs per enterprise/person for their businesses.
Loan For Equipment Purchase Any Person keen to setting up his/her micro enterprise by purchasing machinery or equipment are eligible to avail the beneficiary loan size up to Rs. 10,00,000/- Lakh for machine/equipment purchase.
Activities that are allied to agriculture All the activities that are allied to agriculture are eligible to get the loan under Pradhan Mantri Mudra Yojana. Such Activities are as Follows:-
  • Pisciculture
  • Bee Keeping
  • Poultry
  • Livestock
  • Dairy
  • Agriclinics
  • Agribusiness Centres
  • Food & Agro-Processible etc.

How To Apply For Pradhan Mantri Mudra Yojana

A person can avail the benefit of Pradhan Mantri Mudra Yojana through two ways:-

  1. Offline Mode:-
    • Step 1- Go to Your nearest bank branch or in that bank branch from where you want to take a Mudra Loan.
    • Step 2- Take an Application Form for Mudra Loan from bank officials and fill it clearly.
    • Step 3- Attach all the required documents such as:- ID Proof ( Aadhar, Voter Id, PAN Card, Driving License etc.), Address Proof (Electricity Bill, Telephone Bill, Gas Bill, Water Bill etc.), and Proof Of Business (Business Registration Certificate etc.) with the application form
    • Step 4- Submit the application form with the documents to Bank officials.
    • Step 5- Bank officials scrutinized the documents and let you know after some period of time that you are eligible for loan or not.
  2. Online Mode:-
    • Step 1- First go to web portal of Udyamitra
    • Step 2- Click on the Mudra Loans
    • Step 3- Then click on Apply here for Registration
    • Step 4- Create a profile by entering Name of Applicant, Email(optional) and Phone number of the applicant
    • Step 5- An OTP is generated, after filling it an online application form is opened for applicant profile.
    • Step 6- After Filling all the necessary details save and submit the application.
    • Step 7- Once an applicant registered himself/herself on the portal, the application shall be viewed by all the lenders for credit support and they will contact the applicant themselves.

MUDRA Card

MUDRA Card is a debit card issued when a person get a loan under the Pradhan Mantri Mudra Yojana. It is same like the normal debit card. Through MUDRA Card a borrower can make multiple withdrawals and credits time to time to manage the working capital limit. MUDRA Card can operated anywhere in the country for withdrawal of cash from any bank ATM or micro ATM and also make payment through any Point Of Sale Machines.

Mudra Card Image
List of Financial Institution Under Mudra Scheme
Public Sector Banks:- Bank Of Baroda Bank Of India Bank Of Maharashtra Canara Bank Indian Bank
Indian Overseas Bank Punjab National Bank Punjab & Sindh Bank Union Bank Of India UCO Bank
Private Sector Banks Axis Bank Bandhan Bank CSB Bank City Union Bank DCB Bank
Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDBI Bank
IDFC FIRST Bank IndusInd Bank J&K Bank Karnataka Bank Karur Vysya Bank
Kotak Mahindra Bank Nainital Bank RBL Bank South Indian Bank Tamilnad Mercantile Bank
YES Bank
Other Financial Institutions State Operated Cooperative Banks Regional Rural Banks Micro Finance Offering Institutions Financial Companies Other Than Bank
Amount Disbursed Under Pradhan Mantri Mudra Yojana
Financial Year 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Number Of Loans Sanctioned 3488924 39701047 48130593 59870318 62247606 50735046
Amount Sanctioned Rs. 137449.27 Crore Rs. 180528.54 Crore Rs. 253677.10 Crore Rs. 321722.79 Crore Rs. 337495.53 Crore Rs. 321759.25 Crore
Amount Disbursed Rs.132954.73 Crore Rs.175312.13 Crore Rs.246437.40 Crore Rs.311811.38 Crore Rs.329715.03 Crore Rs.311754.47 Crore

Important Links

  1. Official Website Of MUDRA
  2. MUDRA New User Registration
  3. Official Website Of Udyamimitra
  4. Online Application Registration For MUDRA Loan
  5. Already Registered User Login
  6. Application Forms For Mudra Loan

National Toll Free Number

  1. 1800 180 1111
  2. 1800 11 0001
State Toll Free Numbers For Pradhan Mantri Mudra Yojana
Andaman & Nicobar Island 18003454545 Andhra Pradesh 18004251525
Bihar 18003456195 Chandigarh 18001804383
Daman & Diu 18002338944 Goa 18002333202
Himachal Pradesh 18001802222 Jammu & Kashmir 18001807087
Kerala 180042511222 Lakshadweep 0484-2369090
Manipur 18003453988 Meghalaya 18003453988
NCT Of Delhi 18001800124 Orissa 18003456551
Rajasthan 18001806546 Sikkim 18003453988
Tripura 18003453344 Uttar Pradesh 18001027788
Arunachal Pradesh 18003453988 Assam 18003453988
Chattisgarh 18002334358 Dadra & Nagar Haveli 18002338944
Gujarat 18002338944 Haryana 18001802222
Jharkhand 18003456576 Karnataka 180042597777
Madhya Pradesh 18002334035 Maharashtra 18001022636
Mizoram 18003453988 Nagaland 18003453988
Puducherry 18003453988 Punjab 18001802222
Tamil Nadu 18004251646 Telangana 18004258933
Uttarakhand 18001804167 West Bengal 18003453344
Caste
Person Type
Scheme Type

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