Pradhan Mantri Mudra Yojana | PMMY

Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India. This scheme Rs. Provides micro credit/loan facility up to 10 lakh to income generating micro enterprises engaged in non-agricultural sector in manufacturing, processing, trading or service sector. MUDRA supports financial intermediaries to provide loans to non-corporate, non-agricultural income-generating activities of micro and small enterprises.

Pradhan Mantri Mudra Yojana : These micro and small organizations include small manufacturing units, service sector units, shopkeepers, fruit/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small businesses, artisans, food-processing proprietorships/ lakhs. Includes partnership firms. processors and others, in rural and urban areas

Where to get loan under Pradhan Mantri Mudra Yojana?

Loans under PMMY Mudra Yojana can be availed only through banks and lending institutions including:

Public Sector Banks
Private sector banks
State-run co-operative banks
Rural Banks in Regional Sector
Institutions offering micro finance
Financial companies other than banks
PMMY Interest Rate
The rate of interest is charged as per the policy decision of the bank. However, interest rate is charged

would be fair to final borrowers.

Upfront Fees/Processing Charges

Banks may consider charging upfront fees as per their internal guidelines. Upfront fees/processing charges are waived by most banks for infant loans (covering loans up to Rs. 50,000/-).


There are no agents or intermediaries engaged by MUDRA to avail MUDRA loans. Borrowers are advised to stay away from persons posing as agents/facilitators of MUDRA/PMMY.

Benefits of Pradhan Mantri Mudra Yojana

The benefits under the scheme are categorized into three categories as ‘Infant’, ‘Adolescent’ and ‘Youth’ to reflect the stage of growth/development and funding requirements of the beneficiary micro-unit/entrepreneur.

Infant: Rs. Covers loans up to 50,000/-
Kishore: Rs. 50,001 to Rs. 5,00,000/-
Youth: Rs. 5,00,001 to Rs. 10,00,000/-

Eligibility of Pradhan Mantri Mudra Yojana
Eligible borrowers
Proprietary concern.
Partnership firm.
Private Limited Company.
A public company.
Any other legal forms.

The applicant should not be a defaulter of any bank or financial institution and should have a satisfactory credit track record. Individual borrowers must have the requisite skills/experience/knowledge to undertake the proposed activity. The requirement of educational qualification, if any, needs to be assessed based on the nature of the proposed activity and its need.

Application Process for PMMY
Following are the prerequisites for the registration process:
ID Proof
address proof
Passport size photograph
Applicant’s signature
Identity/address proof of business enterprises

Go to PM MUDRA Official Website ( Then we select Udyamitra Portal –
Click on Mudra Loan “Apply Now”.

Select one of the following: New Entrepreneur/ Existing Entrepreneur/ Self Employed Professional

Then, fill the applicant’s name, email and mobile number and generate the OTP

Pradhan Mantri Mudra Yojana after successful registration
Fill in personal details and business details
Select hand holding agencies if required for preparation of project proposal etc. Otherwise click on “Loan Application Center” and apply now.

Select the required loan category – Mudra Shishu/Mudra Kishore/Mudra Tarun etc.

Then the applicant needs to fill the business information like business name, business activity etc. and select the industry type like manufacturing, service, trading, agricultural allied.

Fill in other information such as director details, banking/credit facilities existing, credit facilities proposed, future outlook and preferred lender.

Attached all required documents: ID Proof, Address Proof, Applicant’s Photo, Applicant’s Signature, Identity Proof/ Address of Business Enterprise etc.

Once an application is submitted an application number is generated which needs to be kept for future reference.

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Documents required for Pradhan Mantri Mudra Yojana

For infant loans

Proof of Identity – Voter ID Card / Driving License / PAN Card / Aadhaar Card / Passport / Self Attested Copy of Government Issued Photo ID. authority etc

Proof of Residence : Recent Telephone Bill / Electricity Bill / Property Tax Receipt (not older than 2 months) / Voter ID Card / Aadhaar Card / Personal / Owner / Partners Passport or Account Statement duly attested by Bank Officials / Domicile Certificate / Govt. Certificate issued. Authority/Local Panchayat/Municipality etc.

Applicant’s recent photograph (2 copies) not older than 6 months.

Quotations for purchase of machinery/other goods.

Name of supplier / Details of machinery / Cost of machinery and / or items to be purchased.

Proof of Identity / Address of Business Enterprise – Relevant License / Registration Certificates / Ownership No

Copies of other documents attached, identifying the address of the business unit, if any
Proof of SC/ST/OBC/Minority etc category.

For Kishore and Youth Loans

Proof of Identity – Self attested copy of Voter ID Card/Driving License/PAN Card/Aadhaar Card/Passport.

2) Proof of Residence – Recent Telephone Bill, Electricity Bill, Property Tax Receipt (not older than 2 months), Voter ID Card, Aadhaar Card and Passport of Owner/Partners/Directors.

Proof of SC/ST/OBC/Minority.

Proof of Business Enterprise Identity/Address – Copies of relevant licences/registration certificates/other documents relating to the ownership, identity and address of the business unit.

Applicant should not be a defaulter in any Bank/Financial Institution.

Statement of accounts (for last six months), from current banker, if any.

Last two years balance sheet of units along with income tax/sales tax return etc. (applicable for all cases of Rs. 2 lakh and above).

Estimated balance sheet for one year in case of working capital limit and for the loan period in case of term loan (applicable for all cases of Rs. 2 lakh and above).

Sales realized during the current financial year till the date of submission of application.

Project report (for proposed project) detailing technical and economic feasibility.

Memorandum and articles of association of the company/partnership deed etc.

In the absence of a third party guarantee, a statement of assets and liabilities may be sought from the borrower including directors and partners to ascertain the net-worth.

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