FINANCECENTRAL VERIFIED 2025-04-02
Pradhan Mantri MUDRA Yojana
Collateral-free loans up to ₹20 lakh for non-corporate, non-farm small business enterprises.
What it is
MUDRA loans are offered in four categories — Shishu (up to ₹50k), Kishor (up to ₹5L), Tarun (up to ₹10L), and Tarun Plus (up to ₹20L) — through banks, NBFCs, and MFIs.
Who qualifies
- 01Indian citizen aged 18+
- 02Non-farm income-generating activity
- 03No prior loan default with any bank
- 04Business plan or proof of existing micro-enterprise
Documents you'll need
- §KYC: Aadhaar + PAN
- §Business proof (GST / Udyam / shop licence)
- §Last 6 months' bank statement
- §Quotations for asset purchase (if applicable)
Common reasons applications are rejected
- CIBIL score below 650
- Incomplete business documentation
- End-use not clearly non-farm and income-generating
How to apply
- 01Visit mudra.org.in and create an account using your Aadhaar-linked mobile.
- 02Complete e-KYC and fill the application form with personal and bank details.
- 03Upload the documents listed above (scanned, under 2MB each, PDF or JPG).
- 04Submit and note the acknowledgement number for status tracking.