S5A49C

Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana supports startups across India by providing loans categorized into three stages: 'Shishu' for loans up to Rs. 50,000, 'Kishor' for loans between Rs. 50,001 and Rs. 5,00,000, and 'Tarun' for loans from Rs. 5,00,001 to Rs. 10,00,000. Eligible borrowers include individuals, partnerships, and companies, provided they have a satisfactory credit history and the necessary skills for their proposed activities.

Central

States / UT: All India

Ministry / nodal: Ministry of Finance

Department: Department of Financial Services

Nodal department: Department of Financial Services

Scheme for: Startups

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Startups

Tags: startups, Manufacturing, processing, trading or service sector, Cash Benefit Schemes

Details

Brief

The scheme was launched on 8th April 2015. Under the scheme a loan of up to Rs. 50,000 is given under sub-scheme ‘Shishu’; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’. Loans taken do not require collaterals. These measures are aimed at increasing the confidence of young, educated or skilled workers who would now be able to aspire to become first-generation entrepreneurs; existing small businesses, too, will be able to expand their activities.

Eligibility

  • Eligible borrowers : Individuals
  • Proprietary concern.
  • Partnership Firm.
  • Private Ltd.
  • Company.
  • Public Company.
  • Any other legal forms.
  • The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record. The individual borrowers may be required to possess the necessary skills experience knowledge to undertake the proposed activity. The need for educational qualification, if any, needs to be assessed based on the nature of the proposed activity, and its requirement

Fund / quantum

  • Sanctioned Amount in 2023: 311811.38 Cr

Tenure

  • Active

Benefit tags

  • Cash Benefit Schemes

Notes

  • The scheme was launched on 8th April 2015. Under the scheme a loan of up to Rs. 50,000 is given under sub-scheme ‘Shishu’; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’. Loans taken do not require collaterals. These measures are aimed at increasing the confidence of young, educated, or skilled workers who would now be able to aspire to become first-generation entrepreneurs; existing small businesses, too, will be able to expand their activities. As of 20.08.2021, Rs. 16,22,203 crores sanctioned in 30.7 crores accounts.

Benefits

  • - The benefits under the scheme have been classified under three categories as 'SHISHU','KISHOR'and'TARUN'to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur
  • Shishu: Covering loans up to Rs. 50,000/-
  • Kishor: Covering loans from Rs. 50,001 to Rs. 5,00,000/-
  • Tarun: Covering loans from Rs. 5,00,001 to Rs. 10,00,000/-
  • The benefits under the scheme have been classified under three categories as 'SHISHU','KISHOR'and'TARUN'to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur.
  • Shishu: Covering loans up to Rs. 50,000/-
  • Kishor: Covering loans from Rs. 50,001 to Rs. 5,00,000/-
  • Tarun: Covering loans from Rs. 5,00,001 to Rs. 10,00,000/-

Eligibility

  • Eligible borrowers : Individuals

  • Proprietary concern.

  • Partnership Firm.

  • Private Ltd.

  • Company.

  • Public Company.

  • Any other legal forms.

  • The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record. The individual borrowers may be required to possess the necessary skills experience knowledge to undertake the proposed activity. The need for educational qualification, if any, needs to be assessed based on the nature of the proposed activity, and its requirement

  • Sanctioned Amount in 2023: 311811.38 Cr

  • Active

Application Process

Online / portal

Official application / information link: https://www.mudra.org.in/

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status