Pradhan Mantri Mudra Yojana (PMMY)

PMMY provides loans up to ?20 lakh to small and micro enterprises. Loans are categorized into Shishu, Kishore, Tarun, and Tarun Plus based on the stage of growth and funding needs of the business.

• Collateral-free loans
• No processing fee for Shishu loans
• Flexible repayment options
• Mudra Card for working capital needs

• Any Indian citizen with a business plan for non-farm income generating activities
• Small business owners, shopkeepers, fruit/vegetable vendors, artisans
• Aged between 18 to 65 years

• Identity Proof (Aadhaar/PAN/Voter ID)
• Address Proof
• Business Address Proof
• Quotation of machinery/items to be purchased
• Last 2 years balance sheets (for larger loans)

1. Prepare a business plan
2. Approach a bank, NBFC, or MFI empanelled under PMMY
3. Fill the application form for the respective category (Shishu/Kishore/Tarun)
4. Submit required documents
5. Wait for approval and disbursement