Pradhan Mantri MUDRA Yojana
MUDRA
About the Scheme
Collateral-free loans up to Rs 10 lakh for micro and small enterprises under three categories
Benefits
No collateral required, low interest rates (varies by bank), flexible repayment up to 5 years, no processing fee for loans up to Rs 50,000
Eligibility Criteria
Non-corporate, non-farm small business owners aged 18+ with viable business plan
Documents Required
Aadhaar card, PAN card, business plan, bank statements of last 6 months, passport size photo
Step-by-Step Application Process
Frequently Asked Questions
What are the loan categories under MUDRA?
Shishu (up to Rs 50,000), Kishor (Rs 50,001 to Rs 5 lakh), Tarun (Rs 5,00,001 to Rs 10 lakh)
Can freelancers and gig workers apply?
Yes, all non-corporate non-farm small business owners including freelancers are eligible
Is there any government guarantee fee?
No guarantee fee for MUDRA loans; loans are covered under Credit Guarantee Fund Trust