Pradhan Mantri Mudra Loan Yojana

Get complete details of Pradhanmantri Mudra Loan Yojana (PMMLY). Apply for Mudra loan scheme online and avail benefits of PM Loan Yojana for your business.

The year 2015 saw the introduction of the Pradhan Mantri Mudra Loan Yojana by our honorable Prime Minister, Shri Narendra Modi. The scheme has enabled individuals to secure loans of up to Rs 10 lakh to start their small businesses. (The loan limit for commencing small-scale businesses has been kept at Rs 10 lakh under this initiative.)

Dear readers of gujaratsewa.in, we have essential details today concerning the Pradhan Mantri Mudra Loan Scheme 2023, including eligibility criteria, documents required, and application process. For those who wish to pursue their business endeavors, this scheme offers the possibility of acquiring a loan.

Pradhanmantri Mudra Loan Objective

The main objective of this scheme is that a lot of people in the country want to start your own business but do not start due to lack of money has started to plan the central government to the people , Prime Minister currency loan scheme Under 2020 , beneficiaries can start their own small business by taking Mudra loans.

There are Three type of Pradhan Mantri Mudra Loan Yojana

1. Shishu Loan: Under this type of Mudra scheme, loans up to ₹ 50000 will be allocated to the beneficiaries.
2. Kishore Loan: Under this type of Mudra scheme, beneficiaries of loans ranging from ₹ 50000 to ₹ 500000 will be allocated.
3. Tarun Loan: Under this type of Mudra scheme, loans ranging from ₹ 500000 to ₹ 1000000 will be allocated to the beneficiaries.

Pradhan Mantri Mudra Loan Yojana Benefits

The residents of the nation will receive loans to establish their own business without the need of offering any collateral under this program. Moreover, there are no associated processing fees with the loan. The repayment term of the Mudra scheme can stretch up to 5 years. The Mudra card is handed over to the borrower, enabling them to invest it in business-related expenses.

Pradhan Mantri Mudra Loan Yojana Applying Procedure

• Step-1 Go to the official website of Mudra Yojana.
• Step-2 Now the home page will open in front of you.
• Step-3 On the home page you will see the types of Mudra Yojana which is something like this.

Pradhan Mantri Mudra Loan Eligibility 

• All small and marginal farmers
• Under Micro and Small Enterprises
• Who are engaged in manufacturing, trading and service
• Who have up to Rs 10 lakh of annual turnover
• Now, farming has also been included in PM Mudra Yojana

Pradhanmantri Mudra Loan Documentation

• Duly filled Mudra Loan application form.
• Identity proof documents like Aadhaar/PAN/Driving License/Passport/Voter ID/ Government-issued photo
• ID of all applicants (in case of joint loans).
• Residence proof documents like latest utility bill/ Aadhaar/Voter ID/Passports/bank account statement of all applicants (in case of joint loans).
• Business ID and Address proof documents (Licenses/Registration Certificates/Deed Copy, etc.).
• Latest photographs of the applicant/s.
• Proof of minority, if any.
• Proof of loan requirement, i.e., equipment quotations, vendor details, etc.

Pradhan Mantri Mudra Loan Yojana Helpline Numbers

Maharashtra	18001022636
Chandigarh	18001804383
Andaman and Nicobar	18003454545
Arunachal Pradesh	18003453988
Bihar	18003456195
Andra Pradesh	18004251525
Assam	18003453988
Daman and Diu	18002338944
Dadra Nagar Haveli	18002338944
Gujarat	18002338944
Goa	18002333202
Himachal Pradesh	18001802222
Haryana	18001802222
Jharkhand	18003456576
Jammu and Kashmir	18001807087
Kerala	180042511222
Karnataka	180042597777
Lakshadweep	4842369090
Meghalaya	18003453988
Manipur	18003453988
Mizoram	18003453988
Chhattisgarh	18002334358
Madhya Pradesh	18002334035
Nagaland	18003453988
NCT of Delhi	18001800124
Odisha	18003456551
Punjab	18001802222
Puducherry	18004250016
Rajasthan	18001806546
Sikkim	18004251646
Tripura	18003453344
Tamil Nadu	18004251646
Telangana	18004258933
Uttarakhand	18001804167
Uttar Pradesh	18001027788
West Bengal	18003453344

Important Link

Common Loan Application form for Kishor and Tarun	Click Here
Application Form for Shishu	Click Here
Check list for Shishu Application	Click Here
Toll Free Number PDF	Click Here

Frequently Asked Questions for Mudra Loan 

What is the Rate of interest charge by  Mudra ? MUDRA is a refinancing agency which will extend its funds to Last Mile Financiers to enable them to reach out to the sector. Access to finance in conjunction with rational price is going to be the unique customer value proposition of MUDRA. It will use a variety of innovative financing means including technology to bring down the cost of funding for the ultimate borrower.

i have Graduated Recently. I want To start my own Business. Can Mudra Help me ? MUDRA loans are available in three categories. For small business, loans upto 50000/- /- is available under the ‘Shishu’ category and beyond 50,000 and up to 5 lakh under the ‘Kishor’ category. It also offers loans beyond 5 lakh and up to 10 lakh under the Tarun category. Depending on the nature of business and project requirement you can access finance from one of the intermediaries of MUDRA as per the norms.

Is Khadi Activity is available under PM MUDRA Loan ? Yes. MUDRA loans are applicable for any activity which results in income generation. As Khadi is one of the eligible activities under Textile sector and in case MUDRA loans are taken for income generation, the same can be covered.