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मुद्रा लोन · Finance

PM Mudra Loan

Collateral-free business loans up to ₹20 lakh.

Managed by: Ministry of Finance

Official Website Check Eligibility

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Ask anything about PM Mudra Loan — eligibility, documents, fees, timelines, official process.

Eligibility

  • Non-corporate, non-farm small business
  • Manufacturing, trading, services & allied agriculture

Required Documents

  • Aadhaar & PAN
  • Business proof / GST
  • Bank statements
  • Project report / quotations

Step-by-step Application Guide

  1. 1

    Pick category

    Shishu (up to ₹50K), Kishore (₹50K-₹5L), Tarun (₹5L-₹10L), Tarun Plus (₹10L-₹20L).

  2. 2

    Choose lender

    Apply at any public/private bank, RRB, MFI, NBFC or via Jan Samarth portal.

  3. 3

    Submit application

    Fill Mudra loan form with business plan and quotations.

  4. 4

    Bank appraisal

    Lender assesses viability — no collateral, no processing fee (Shishu).

  5. 5

    Loan disbursement

    Amount credited to business account; MUDRA card issued for working capital.

Important Notes

  • Interest rates as per RBI (bank's MCLR).
  • Repayment tenure up to 5-7 years.

Frequently Asked Questions

Do I need CIBIL score?

New businesses can apply, but existing CIBIL of 650+ improves approval.

Is subsidy given?

Mudra itself has no subsidy, but interest subvention exists for Shishu women beneficiaries under some schemes.