Department of Financial Services, Ministry of Finance

Pradhan Mantri Mudra Yojana (PMMY)

LOAN/CREDITSTARTUP-RELEVANT

Stage: Seed to growth
Indicative amount: Loans up to ₹20 lakh (Shishu/Kishor/Tarun)

What it is for

Provides small, collateral-free loans to non-farm micro and small enterprises, split into tiers by loan size.

Who can apply

Any non-corporate, non-farm micro or small enterprise engaged in manufacturing, trading, services, or allied agricultural activity.

What you get

Collateral-free loans: Shishu (up to ₹50,000), Kishor (₹50,000–₹5 lakh), Tarun (₹5 lakh–₹10 lakh), Tarun Plus (₹10–₹20 lakh, repeat borrowers).

How to apply

Apply online at the Udyamimitra portal, or approach any bank, NBFC, or microfinance institution branch directly.

Best suited for

A very small or informal business needing a modest loan with no formal credit history or collateral.

Official links

Apply online — Udyamimitra https://www.udyamimitra.in
Scheme information — mudra.org.in https://www.mudra.org.in

Summarised from official sources, last reviewed 2026-09-07. Amounts and eligibility are indicative — always confirm against the live scheme guideline before acting.