PMMY ! We all are aware of Pradhan Mantri Mudra Yojana Loan. Honble Prime Minister Narendra Modiji has started many schemes for benefit of Indians. PMMY is one of those schemes to help small business persons getting loan for business. It is launched by PM on 8th April, 2015. In this article, I have covered following points regarding Mudra Loan:

  1. Types of Mudra LOan
  2. Mudra loan eligiblity
  3. Where to apply for Pradhan Mantri Mudra Yojana Loan
  4. Documents required for Mudra Loan
  5. Helpdesk no. For Mudra Loan

Types of Mudra Loan :

Pradhan Mantri Mudra Yojana Loan has three types :

  1. Shishu scheme
  2. Kishor scheme
  3. Tarun category

Shishu scheme:

Under shishu scheme, Loan up to Rs.50,000 will be granted.The loan is for business which is in start up mode.

Benefits of shishu scheme are

  1. Collateral is not required under shishu scheme.
  2. There is no loan processing fees or charges !
  3. 1% pm rate of interest.
  4. Maximum 5 years tenure period
  5. If loan is for working capital, Mudra cards will be issued.It is Rupay debit card and cash can be withdrawal from ATM while working capital is needed.

Kishor Scheme:

This scheme is for loan From Rs. 50001 to Rs.5 Lakhs.

Tarun Category :

This category is for Loan above Rs. 5 lakhs to Rs. 10 lakhs.

Where to apply for Pradhan Mantri Mudra Yojana Loan:

Following lending institutions will grant Mudra Yojana Loan:

  1. State bank of India
  2. Bank of Baroda
  3. Bank of Maharashtra
  4. Bank of India
  5. Canara Bank
  6. Dena bank
  7. Corporation bank
  8. Indian bank
  9. IDBI bank
  10. Punjab national bank
  11. UCO bank
  12. Union bank
  13. Vijaya bank
  14. IOB
  15. Axis bank
  16. HDFC bank
  17. Federal bank
  18. YES bank
  19. ICICI Bank
  20. DCB bank

You can get full list from this link 

Following are the numbers of institutions providing Mudra loan

27 public sector Banks

17 Private sector Banks

31 Regional Rural Banks

10 cooperative Banks



26 NBFC.

Mudra loan eligibility:

Mudra scheme has implemented to help various sectors and various business segments. If you have business in following sectors, you can get loan easily.

Sectors covered:

Land transport sector:

which covers purchase of various transport vehicles for goods and personal transport like auto rickshaw, small goods transport vehicle, 3 wheeler, e rickshaws, passenger cars etc. In short, the vehicle should be supportive to business and business growth.

Community, social and personal service activities:

Which covers beauty parlors , gyms, boutiques, tailoring shops, dry cleaning, studio, medicine shops, courier service etc.

Food product sectors:

Small food production businesses as papad making, achar making, jam making, sweet shops, canteen, cold chain vehicles, cold storage, ice cream making units, buiscuits and bread making etc.

Textile product sectors:

Activities like handloom, powerloom, khadi work, chikan work, zari work, zardosi work, appareal design, cotton ginning and other textile articles like bags, vehicle accessories etc.

Micro credit scheme:

Financial support to MFIs for lending to small businesses.

Missing Middle Credit Scheme:

Financial support to financial intermediaries for lending of Rs. 50000 to Rs. 10 Lakhs per borrower.

Refinance Scheme for RRBs / Co-operative Banks:

Focus on enhancing liquidity of RRBs and cooperative banks by refinancing.

Mahila Uddyami Scheme:

Financial support to the MFIs, for on lending to women / group of women / JLGs/ SHGs for creation of qualifying assets as per RBI guidelines.

Business loans for Traders and Shopkeepers:

 Loan is granted to individuals for running the shops , trading activities or services or non farm income generating activities. Loan size will be up to Rs. 10 lakhs.

Equipment Finance Scheme for Micro Units

Loan is granted to purchase equipment or machinery with loan size up to Rs. 10 Lakhs.

Documents required for Mudra Yojana Loan:

Form for Mudra yojana loan:

Following documents are needed to be submitted with PMMY:

  1. ID Proof copy – self attested – voter ID/ Passport/ Driving license / AADHAR card etc.
  2. Proof of Residence – Telephone bill / Electricity bill /  Bank passbook / voter id/ aadhar card/ Driving license/ passport
  3. Recent Passport size photo of applicant – 2 copies
  4. Business address proof
  5. Supplier details
  6. CMA data if banker asks. You can avail our online service of CMA data preparation. Contact here for it.

Helpdesk no. for Mudra loan:

Each state has toll free number for Mudra loan. Download this file to know number for your state.

Or you can mail on or visit

Implementation numbers:

27109157 loans are sanctioned under pradhan mantri mudra yojana.

104122.77 crores are sanctioned under scheme.

100060.76 Crores are disbursed to needed persons.

I think this is huge success of PMMY. If you are also thinking to get mudra loan, contact nearest bank and grow your business. Don’t forget to share this post on social media to spread awareness about this useful scheme of government.







5 thoughts on “PMMY : Pradhan Mantri Mudra Yojana Loan Details

  1. Than you for information on Pmmy,
    Pl clarify whether Lt/St, capital gains are applicable to shares that I purchased and sold, how mutual funds are exceptional to this , why not an small investor like me.

  2. can service tax be paid on actual margin basis by tour operator service provider on packaged tour.. e.g. I receive Rs. 50000 from client nd my margin is Rs. 5000. now weather I can pay service tax on 5000 or I need to pay on 12500 i.e. 25% of Rs. 50000. nd further can I claim input service tax when I adopt to pay service tax on margin basis….

Leave a Reply

Your email address will not be published. Required fields are marked *