PM Mudra Loan Yojana 2025 — Shishu, Kishor, Tarun Loans up to ₹20 Lakh

Overview

• ✦PMMY targets income-generating activities in manufacturing, trading, services and allied agriculture.
• ✦Loans are extended by banks, NBFCs and MFIs without collateral.
• ✦Interest rates vary by lender (typically 8.5%–12%) and depend on applicant's profile.

Eligibility Criteria

• ✦Indian citizen aged 18 years or above
• ✦Non-corporate, non-farm small/micro enterprise (proprietorship, partnership, etc.)
• ✦Should have a viable business plan or existing income-generating activity
• ✦No prior loan default with any bank/financial institution
• ✦Required activity: manufacturing, processing, trading, services or allied agriculture

Required Documents

• ✦Identity proof (Aadhaar / PAN / Voter ID / Passport)
• ✦Address proof
• ✦Passport size photographs
• ✦Business proof (GST registration / Udyam / Shop Act licence)
• ✦Bank statement of last 6 months
• ✦Quotation for machinery/equipment to be purchased
• ✦Income Tax Returns (for loans above ₹2 lakh)

How to Apply

1. 1Visit udyamimitra.in or any participating bank/NBFC/MFI branch
2. 2Fill Mudra loan application form (Shishu, Kishor or Tarun)
3. 3Submit business plan along with required documents
4. 4Bank verifies documents and assesses business viability
5. 5Loan sanctioned and disbursed within 7–15 working days
6. 6Repay in EMIs as per tenure (typically 3–5 years)

Important Dates

Open throughout the year — apply anytime at any participating financial institution.

Frequently Asked Questions