FinancialNational SchemeOngoing
Pradhan Mantri Mudra Yojana (PMMY) — Small Business Loans
PMMY provides collateral-free loans of Rs 50,000–10 lakh to micro enterprises through Shishu (Rs 50K), Kishor (Rs 5L) and Tarun (Rs 10L) categories.
Ministry of Finance, GoI via MUDRA
What you get
Shishu: Up to Rs 50,000 — for starting new micro enterprise. Kishor: Rs 50,001 to Rs 5 lakh — for established enterprises. Tarun: Rs 5 lakh to Rs 10 lakh — for expansion. No collateral. Interest rate as per RBI guidelines (typically 12–18%). Loans through banks, MFIs, NBFCs. Mudra Card for working capital.
Who can apply
Non-corporate, non-farm small/micro enterprises including manufacturing, trading, services. Proprietors, partnership firms, limited companies.
For: Micro and small entrepreneurs, artisans, hawkers, traders, street vendors
- Business plan required for Kishor and Tarun
- Aadhaar and bank account
- No minimum age limit
Documents required
General
- Aadhaar card
- PAN card
- Bank account passbook
- Business proof (if existing)
- 2 passport photos
- Application form at bank/MFI
Scheme code: PMMY/2015