PM Mudra Yojana – Benefits, Eligibility, Apply Online, Loan Details
Introduction: A Helping Hand for Small Business Dreams
In India, many small shopkeepers, street vendors, tailors, drivers, and young entrepreneurs dream of starting their own business. But one big challenge stops them—lack of money. To solve this, the Government of India launched the Pradhan Mantri MUDRA Yojana (PMMY).
Under this scheme, small loans up to ₹10 lakh are given without any collateral. That means, no need to give property or assets as a guarantee. Recently, Finance Minister Nirmala Sitharaman announced that over ₹22 lakh crore has been disbursed under MUDRA loans since 2015, helping crores of Indians become self-reliant.
Let’s understand how you or someone in your family can benefit from this scheme in 2025.
What is PM Mudra Yojana?
- Full Name: Pradhan Mantri MUDRA Yojana (PMMY)
- Launched: April 8, 2015
- Ministry: Ministry of Finance, Government of India
- Objective: To provide small loans to non-corporate, non-farm small/micro enterprises
The word MUDRA stands for Micro Units Development & Refinance Agency. This agency supports banks and lending institutions to give loans to small entrepreneurs.
Who Can Apply for Mudra Loan?
The scheme is open to many types of people and businesses:
- Small shopkeepers and traders
- Street vendors and hawkers
- Artisans and tailors
- Auto-rickshaw drivers, taxi drivers
- Service businesses like salons, repair shops
- Women entrepreneurs and self-help groups (SHGs)
- Small manufacturers and startup owners
Even those without formal income documents can apply under special guidance from the bank.
What Are the Loan Categories in Mudra Yojana?
PMMY offers 3 types of loans, depending on the stage of the business:
- Shishu (up to ₹50,000)
For those who are starting their business. - Kishore (₹50,001 to ₹5 lakh)
For those who have started but need more funds to grow. - Tarun (₹5 lakh to ₹10 lakh)
For established businesses looking to expand.
What Are the Benefits of MUDRA Yojana?
- No collateral required
- Low interest rates (depending on lender)
- Flexible repayment options
- Encourages women entrepreneurship
- Boosts local employment and economy
- Easily available at nearby banks and NBFCs
Application Process & Deadline
There is no fixed last date. It is an ongoing scheme.
How to apply:
- Visit your nearest bank (SBI, PNB, HDFC, etc.) or microfinance institution
- Fill the Mudra Loan Application Form
- Attach documents:
- Aadhaar Card
- PAN Card
- Address Proof
- Business plan or activity details
- 2 passport-size photos
- Submit the form for review
You can also apply online on the official MUDRA portal or your bank’s website.
Real Impact So Far
“As per the official report from MyGov.in, over 43.8 crore loans have been sanctioned under PM Mudra Yojana since 2015, out of which 68% borrowers are women, and 51% are from SC/ST/OBC categories.”
This shows how the scheme has empowered small entrepreneurs, especially in rural and semi-urban areas.
How to Apply Online? (Helpful Link)
You can apply online through your preferred bank’s website or the official MUDRA portal.
👉 Visit: https://www.mudra.org.in
Or, search for “PM Mudra loan apply online” on your bank’s official website.
Voice from the Ground
Rajeshbhai, a tailor from Gujarat, shared,
“I started with a ₹45,000 Shishu loan. Now I run a shop with two helpers. Without Mudra Yojana, this wouldn’t have been possible.”
Such stories are common across the country, showing the real change PM Mudra Yojana is bringing.
Key Tips Before Applying
- Have a clear business idea or plan
- Maintain a good relationship with your local bank
- Check if your bank has special campaigns or loan melas
- Avoid middlemen—apply directly
- Keep documents ready in advance
Closing: Take the First Step Toward Your Business Dream
PM Mudra Yojana is not just a loan—it is a push toward self-employment, dignity, and financial freedom. Whether you want to start a small tea stall, a beauty parlour, or a mobile repair shop, this scheme is here to help.
Don’t wait for the “right time”—start your journey today. A small step can lead to big success.
Summary at a Glance:
- Scheme Name: Pradhan Mantri MUDRA Yojana (PMMY)
- Launched: 2015
- Who Can Apply: Small businesses, vendors, drivers, artisans
- Loan Types: Shishu, Kishore, Tarun
- Amount: ₹50,000 to ₹10 lakh
- Apply at: Nearest bank or mudra.org.in