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PM Mudra Loan 2026: Eligibility, Benefits & How to Apply

Pradhan Mantri Mudra Yojana (प्रधानमंत्री मुद्रा योजना) — Business loans up to ₹20 lakh without collateral · Small and micro businesses

Ongoing

Business loans up to ₹20 lakh without collateral — Small and micro businesses

LATEST · 8 Apr 2026PMMY completed 11 years with over 57.79 crore loans worth Rs 40.07 lakh crore; loans come in four categories: Shishu, Kishor, Tarun and Tarun Plus. pib.gov.in ↗
Official site: mudra.org.in ↗

Source: myscheme.gov.in · checked 21 Oct 2026

PM Mudra Loan quick answers

What you getBusiness loans up to ₹20 lakh without collateralmyscheme.gov.inWho can get itSmall and micro businessesSee eligibilityHow to applySee the stepsOfficial websitemudra.org.inCentral government

Benefit

  • The scheme has been classified under four categories as 'SHISHU', 'KISHORE' , 'TARUN' and 'TARUN PLUS' to signify the stage of growth / development and funding needs of the beneficiary micro unit/ entrepreneur.
  • Shishu: Covering loans upto Rs.50,000/-.
  • Kishore: Covering loans above Rs.50,000/- and upto Rs. 5 lakhs.
  • Tarun: Covering loans above Rs. 5 lakhs and upto Rs. 10 lakhs.
  • Tarun Plus : Loans up to Rs. 20 lakh for enterpreneurs who have successfully repaid previous loans under the 'Tarun' category.

Source: myscheme.gov.in ↗ · 21 Oct 2026

Latest official updates

  • PMMY completed 11 years with over 57.79 crore loans worth Rs 40.07 lakh crore; loans come in four categories: Shishu, Kishor, Tarun and Tarun Plus.pib.gov.in ↗
  • Mudra offers collateral-free loans up to Rs 20 lakh, with Tarun Plus for borrowers who have repaid a Tarun loan.pib.gov.in ↗

Am I eligible for PM Mudra Loan?

Who can apply

Tick each line that is true for you.

Source: myscheme.gov.in ↗ · 21 Oct 2026

How to apply

Steps

  1. Proof of Identity / Address of Business Enterprises
  2. Go to PM MUDRA official website and after that select the Udyamimitra portal
  3. Click on Mudra loan "Apply Now"
  4. Select one of the following : New entrepreneur/ Existing Entrepreneur/Self-employed professional
  5. Then fill in the name of the applicant, email and Mobile number and Generate OTP
  6. Fill in Personal Details and Professional Details.
  7. Select hand-holding agencies if any help is required for preparing project proposals etc., otherwise click "Loan Application Center" and apply.
  8. Select the category of loan required - Mudra Shishu / Mudra Kishore/ Mudra Tarun.

Documents

  • Proof of Identity – Self- attested copy of Voter’s ID Card / Driving Licence / PAN Card / Aadhaar Card / Passport / Photo IDs issued by Govt. authority etc.
  • Proof of Residence: Recent telephone bill / electricity bill / property tax receipt (not older than 2 months) / Voter’s ID Card / Aadhar Card / Passport of Individual / Proprietor / Partners Bank passbook or latest account statement duly attested by Bank Officials / Domicile Certificate / Certificate issued by Govt. Authority / Local Panchayat / Municipality etc.Applicant’s recent coloured Photograph (2 copies) not older than 6 months.Quotation of Machinery / other items to be purchased.Name of supplier / details of machinery / price of machinery and / or items to be purchased.Proof of Identity / Address of the Business Enterprise – Copies of relevant Licences / Registration Certificates / Other Documents pertaining to the ownership, identity of address of business unit, if any.
  • Statement of accounts (for the last six months), from the existing banker, if any.Last two years balance sheets of the units along with income tax/sales tax return etc. (Applicable for all cases from Rs.2 Lacs and above).Projected balance sheets for one year in case of working capital limits and for the period of the loan in case of term loan (Applicable for all cases from Rs.2 Lacs and above).
  • Sales achieved during the current financial year up to the date of submission of application.
  • Project report (for the proposed project) containing details of technical & economic viability.

Source: myscheme.gov.in ↗ · 21 Oct 2026

PM Mudra Loan: questions people ask

Is Khadi Activity Eligible Under PMMY Loans?

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.

I Have A Savings Bank Account With the Bank, Would Loan Under MUDRA Be Available Based On The SB Account?

Yes. The applicant can approach the branch and apply for the loan in the format being provided by the said lending institution. The terms and conditions of the loan will be governed by the policies of the lending institution, based on the broad guidelines of RBI. The loan amount will be decided by the requirement of the proposed income generating activity and the repayment terms will be decided by the anticipated cash flow from the activity.

Under PMMY-Shishu Loans, What Is The Turn Around Time For Processing The Loan Proposal?

As per Banking Codes and Standard Board of India (BCSBI), set up by RBI, loan applications should be disposed off for credit limit up to Rs.5 lakh within 2 weeks.

Source: myscheme.gov.in ↗

What changed on this page

· PMMY completed 11 years with over 57.79 crore loans worth Rs 40.07 lakh crore; loans come in four categories: Shishu, Kishor, Tarun and Tarun Plus.

· Mudra offers collateral-free loans up to Rs 20 lakh, with Tarun Plus for borrowers who have repaid a Tarun loan.

· Facts checked against the official sources on 21 Oct 2026.

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