Pradhan Mantri Mudra Yojana (PMMY)
PM Mudra Yojana helps micro and small businesses borrow without collateral. Loans are given by banks, NBFCs and microfinance institutions for income-generating activities in manufacturing, trading, services and activities allied to agriculture such as dairy and poultry.
Visit official websiteWho can apply
- Indian citizens with a business plan for a non-farm income-generating activity
- Individuals, proprietorships, partnerships and small companies
- No default with any bank or financial institution
Key features
- Shishu: loans up to ₹50,000
- Kishore: ₹50,000 to ₹5 lakh
- Tarun: ₹5 lakh to ₹10 lakh
- Tarun Plus: ₹10 lakh to ₹20 lakh, for borrowers who have repaid a Tarun loan
- No collateral needed
How to apply
- Visit a bank, NBFC or microfinance institution, or apply online through the Udyamimitra portal
- Share your business plan, identity and address proof, and business documents
- The lender assesses your application and sets the interest rate
Need money sooner?
Check your pre-approved Bachatt Insta Loan offer — up to ₹5 lakh from RBI-regulated partner banks and NBFCs, with no paperwork.
Frequently asked questions
What is the interest rate on a Mudra loan?+
There is no fixed rate. Each lender sets its own rate in line with RBI guidelines.
Is collateral required for a Mudra loan?+
No. Mudra loans are collateral-free and are covered by a government credit guarantee.
More government loan schemes
This page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.