Are you startup entrepreneur, small shop owner, service provider, or self-employed individual in India? PM Mudra Loan helps your business to Scale and fully support small business.
What is PM Mudra Loan?
Pradhan Mantri Mudra Yojana is a government scheme that provides loans to small businesses, startups, and service proscales to grow their business easily. This is a government scheme that was launched in 2015 by Prime Minister Mr. Narendra Modi. He aims to make innovation and Make in India a priority. In this scheme, you will get from 10 thousand to 10 lakh rupees.
Pm Mudra Loan
| Type of PM Mudra Loan | Loan Amount |
| Shishu | Up to ₹50,000 |
| Kishor | ₹50,001 – ₹5 lakh |
| Tarun | ₹5 lakh – ₹10 lakh |
Pm Mudra Loan Features & Benefits
- Loan Amount: ₹10,000 to ₹10,00,000
- Very Low Interest Rates: Starting from 7.30%
- Repay the loan your way – take up to 5 years
- Simple Documentation & Fast Processing
Mudra Loan Eligibility
- Age should be between 18 to 65 years.
- Small manufacturers, retailers, traders, artisans, service businesses
- Self-employed and startups
- The business should be non-agricultural, non-corporate
Documents Required
- Identity & Address Proof – Aadhaar, PAN, Voter ID
- Business Proof – GST certificate, Udyam registration (if available)
- Bank Statements – Last 6 months
- Quotation/Invoice – For machinery, equipment, or business purchase (if applicable)
Where to Apply?
Public & Private Sector Banks (SBI, PNB, HDFC, ICICI)
How to Apply – Step by Step
- Choose your bank – where you hold a savings or current account
- Collect documents as per your loan type
- Visit the branch or apply online
- Fill the Mudra Loan form
- Submit documents and wait for approval
- SBI
Approval time: usually 7-15 working days
Expert Advice
If you are applying for the first time, start with Shishu loan. Build a repayment record and upgrade to Kishore or Tarun for higher limits in the future. And earn more profits for your business.
More Loans : Personal Loan Online in Connaught Place up to ₹50 Lakh
FAQs
What documents are needed for PM Mudra Loan ?
Basic documents like for PM Mudra Loan
Aadhar card & PAN card
Business plan or proof
Address & identity proof
Bank statements
How to Apply for PM Mudra Loan ?
Choose Loan Type:
Shishu (up to ₹50K)
Kishore (₹50K–₹5L)
Tarun (₹5L–₹10L)
Collect Documents:
Aadhar, PAN, Address proof
Business proof, bank statement
Photos, quotation (if any)
Apply at Bank or Online:
Visit any bank or
Apply online at udyamimitra.in
Submit Form & Docs
Fill the loan form with business details and submit all documents.
Get Approval
Bank reviews and sanctions based on your eligibility.
