All schemes
PMMY

Pradhan Mantri Mudra Yojana

Loans for non-farm income-generating micro enterprises in manufacturing, trading and services, in four tiers: Shishu, Kishore, Tarun and Tarun Plus. No collateral is required; loans are guaranteed under CGFMU.

Department of Financial Services · via banks, NBFCs and MFIs

Up to₹20 lakh
StatusOpen

Benefits

  • Shishu: up to ₹50,000
  • Kishore: ₹50,000 to ₹5 lakh
  • Tarun: ₹5 lakh to ₹10 lakh
  • Tarun Plus: ₹10 lakh to ₹20 lakh, for borrowers who have repaid a Tarun loan
  • No collateral or third-party guarantee
  • Available as a term loan or working-capital limit (often via a Mudra RuPay card)

Eligibility

  • Indian citizen running or starting a non-farm micro enterprise
  • Manufacturing, trading, services and activities allied to agriculture
  • Not a defaulter with any bank or financial institution

Documents

  • KYC: PAN, Aadhaar and address proof
  • Business proof: Udyam registration, licence or GST
  • Quotation for machinery or stock to be bought
  • Bank statements; ITR and financials for Tarun and above

How to apply

  1. Apply at any bank, NBFC or MFI branch, or on the JanSamarth portal
  2. Choose the tier based on the amount you need
  3. Interest rate and margin are set by the lender (often linked to its EBLR)

FAQ

Is there a subsidy on Mudra loans?

No. Mudra is a collateral-free loan, not a subsidy. Interest is charged at the lender's rate.

Can I get Tarun Plus directly?

Tarun Plus (above ₹10 lakh) is for borrowers who have availed and repaid an earlier Tarun loan.

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Sources

Last checked: 20 Oct 2026. Summary for information only. The implementing agency's guidelines and your lender's credit policy decide eligibility and terms.