MUDRA Loans

Pradhan Mantri Mudra Yojana (PMMY) is a scheme set up by the Government of India (GoI) through MUDRA (a subsidiary of SIDBI) that helps in facilitating micro credit upto Rs. 10 lakh to small business owners. MUDRA supports Financial Intermediaries to extend loans to the non-corporate, non-farm sector income generating activities of micro and small entities with credit needs upto Rs. 10 lakhs). The interventions have been named 'SHISHU', 'KISHOR' and 'TARUN' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur.

Basic Eligibility criterion

The business should be either one of the following:

• Small manufacturing enterprise
• Shopkeepers
• Fruit and Vegetable vendors
• Artisans
• 'Activities allied to agriculture', e.g. pisciculture, bee keeping, poultry, livestock, rearing, grading, sorting, aggregation agro industries, diary, fishery, agriclinics and agribusiness centres, food & agro-processing, etc. (excluding crop loans, land improvement such as canal, irrigation and wells).

Fact Box

The loans under MUDRA scheme can be availed only through banks and lending institutions which include:

• Public Sector Banks
• Private Sector Banks
• State operated cooperative banks
• Rural banks from regional sector
• Institutions offering micro finance
• Financial companies other than banks

Apply for MUDRA Loan

You can also apply for Mudra Loan online on “workloans” Portal (www.workloans.in) by registering yourself and your application shall be viewed by many lenders for credit support.

Apply here for Registration

Finding Difficult in Filling Application?

Finding difficult in filling application…. Don’t worry … the portal will help finding the correct person / right agency to fill the form on your behalf. All you need is to fill in basic personal details with request for agency / person (fees may be charged by the agency / person) on udyamimitra portal. This facility is called as HAVE (Handholding in a virtual Environment). So, if you are planning to set up and intend to apply for loans

More questions?

Your enquiry (as an applicant, Handholding agency or bankers) can be aptly handled at FAQ (Frequently Asked Questions) section.