PM MUDRA Loan (PMMY) — Shishu / Kishore / Tarun
Department of Financial Services, GoI
📋 Overview
Under Pradhan Mantri MUDRA Yojana, banks lend collateral-free to non-farm, non-corporate income-generating activities. Published categories: Shishu up to ₹50,000; Kishore ₹50,001–₹5,00,000; Tarun ₹5,00,001–₹10,00,000. Tarun Plus category (up to ₹20,00,000) is available to borrowers who successfully repaid a Tarun loan. No subsidy component; interest rates are set by individual lenders.
Benefit summary
Collateral-free credit up to ₹10 lakh (₹20 lakh under Tarun Plus for repeat borrowers).
📎 Typical documents
- ✓Identity proof
- ✓Address proof
- ✓Bank statements
- ✓Business proof / Udyam (where available)
AIFund provides discovery and workflow assistance. Eligibility scores are indicative and must not be treated as approval, sanction or a government decision. Verify current rules on the responsible authority's official portal.