Pradhan Mantri Mudra Yojana (PMMY) 2025 – Loan Details, Eligibility, and Online Apply Process
Learn all about Pradhan Mantri Mudra Yojana (PMMY) 2025—loan categories, eligibility, benefits, required documents, and step-by-step online apply process under this Sarkari Yojna.
Introduction
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship Sarkari Yojna launched by the Government of India to financially empower micro and small enterprises. It is part of India's mission to promote self-employment and support budding entrepreneurs. Through this initiative, individuals and businesses can get collateral-free loans of up to ₹20 lakhs.
Whether you're a startup, a small vendor, or looking to expand your existing business, the Pradhan Mantri Mudra Yojana loan can help fulfill your dream. This article covers full details about the scheme, benefits, eligibility, application process, and required documents.
What is Pradhan Mantri Mudra Yojana?
The Pradhan Mantri Mudra Yojana facilitates micro-credit loans of up to ₹20 lakhs to non-farm income-generating activities. It targets small manufacturers, traders, service providers, and entrepreneurs in sectors like retail, transport, food services, and activities allied to agriculture (such as poultry and dairy).
Eligible Lending Institutions:
Public & Private Sector Banks
Cooperative Banks & Regional Rural Banks (RRBs)
Micro Finance Institutions (MFIs)
Small Finance Banks (SFBs)
Non-Banking Financial Companies (NBFCs)
Note: There are no agents or middlemen appointed by MUDRA. Borrowers should avoid anyone claiming to represent MUDRA for faster loan processing.
Benefits of Pradhan Mantri Mudra Yojana Loan
Under PMMY, loans are categorized based on the stage of the business and loan requirement:
Pradhan Mantri Mudra Yojana Eligibility
If you're planning to apply under this Government scheme, you must meet the following eligibility criteria:
Who Can Apply?
Individuals
Proprietary Concerns
Partnership Firms
Private/Public Limited Companies
Other legally recognized entities
Additional Conditions:
Must not be a loan defaulter in any bank or NBFC
Should have the necessary experience or skill to run the proposed business
Educational qualification may be considered based on the type of business
How to Apply for Pradhan Mantri Mudra Yojana Online?
Applying online is quick and easy. Follow these steps to apply for Pradhan Mantri Mudra Yojana online:
Visit the official PMMY portal
Click “Apply Now” on the Udyamimitra portal.
Choose your applicant type (New Entrepreneur/Existing/Self-employed).
Fill in name, email, mobile number, and verify with OTP.
Complete personal and business details.
Select loan type (Shishu, Kishore, Tarun).
Upload required documents and submit.
You will receive an application number for tracking purposes.
Documents Required
For Shishu Loans:
Identity proof (Aadhar, Voter ID, PAN, etc.)
Address proof (utility bill, passport, etc.)
Two recent photographs
Quotation for items/machinery
Proof of business ownership
For Kishore/Tarun/Tarun Plus Loans:
ID & Address proof
Business registration documents
Bank account statements (last 6 months)
IT returns and balance sheets (if applicable)
Project report & future estimates
Partnership deed/MoA (if applicable)
Frequently Asked Questions
Is Khadi activity eligible under PMMY?
Yes, as it falls under the textile sector and income-generating activities.
Can I get a MUDRA loan to buy a CNG tempo or taxi?
Yes, provided it is used for commercial income generation.
I have a savings bank account. Can I get a loan?
Yes, apply at your bank with the required documents.
What is the processing time for Shishu loans?
As per BCSBI, loans up to ₹5 lakhs should be processed within 2 weeks.
Are IT returns required for ₹20 lakh loan?
Not mandatory for small loans, but it depends on the lender’s internal policy.