Dear readers, if you wish to start a small business and generate income, the pradhan mantri mudra yojana online apply—an initiative by the Government of India—offers a golden opportunity for you. This government scheme provides collateral-free loans of up to ₹20 lakh to small entrepreneurs, shopkeepers, artisans, and aspiring self-employed individuals.
In this article, we will provide detailed information regarding the online application process, eligibility criteria, required documents, interest rates, and benefits of the Mudra loan.
Pradhan Mantri Mudra Yojana : pradhan mantri mudra yojana online apply
The Pradhan Mantri Mudra Loan Yojana is a significant scheme launched by the Government of India, aimed at individuals in both rural and urban areas who wish to start small businesses to earn a livelihood. Under this scheme, the government facilitates collateral-free loans ranging from ₹50,000 to ₹20 lakh—provided through various banks—to small entrepreneurs, shopkeepers, artisans, and self-employed individuals.
What is a Mudra Loan?
The Pradhan Mantri Mudra Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015. Under this scheme, MUDRA (Micro Units Development & Refinance Agency Ltd.) provides financial assistance to small and micro-enterprises.
This scheme is particularly significant for those who:
- Wish to start a new business
- Wish to expand an existing business
- Operate in the manufacturing, service, trading, or agriculture-allied sectors
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Categories of Mudra Loan
Mudra loans are divided into three categories, depending on the stage and requirements of the business:
| S. No. | Loan Category | Loan Amount | Suitable For |
| 01. | Shishu | Up to ₹50,000 | New businesses or very small businesses |
| 02. | Kishor | ₹50,000 to ₹5 lakh | Expansion of an existing business |
| 03. | Tarun | ₹5 lakh to ₹10 lakh | Major expansion of an established, robust business |
| 04. | Tarun Plus | ₹10 lakh to ₹20 lakh | Businesses that have successfully repaid the Tarun loan |
Eligibility for the Mudra Loan Scheme (Pradhan Mantri Mudra Yojana)
To apply for a Mudra loan, the following eligibility criteria must be met:
- Must be an Indian citizen
- The applicant must be 18 years of age or older
- The applicant must not be a defaulter with any bank
- Any of the following can apply:
- Individual entrepreneurs
- Partnership firms
- Private Limited companies
- Self-employed professionals (doctors, architects, etc.)
- Shopkeepers and small manufacturers
- Artisans and craftspeople
- Startup founders
Documents Required for Mudra Loan
It is mandatory to keep the following documents ready before applying:
For the Shishu category (up to ₹50,000):
| S. No. | Documents Required for Loan | Details of Documents for Loan |
| 01. | Proof of Identity | Aadhaar Card, Jan Aadhaar Card, PAN Card, Voter ID Card, Passport-size photograph (self-attested copy) |
| 02. | Proof of Residence/Address | Electricity bill (not older than 2 months), Aadhaar Card, Domicile Certificate, Voter ID Card, Bank Passbook |
| 03. | Photograph | 2 recent color photographs (not older than 6 months) |
| 04. | Quotation | Quotation for the machinery or goods to be purchased |
| 05. | Business Proof | License, Registration Certificate (if applicable) |
Additional documents for the adolescent/youth category:
- Bank statement for the last 6 months
- Balance sheet and ITR for the last 2 years (for loans exceeding ₹2 lakh)
- Project report (technical and economic feasibility)
- Firm’s partnership deed or MOA/AOA (if applicable)
pradhan mantri mudra yojana online apply
Applying for a Mudra loan online has now become very easy. Follow the steps given below:
Step 1: Visit the official portal
- First, visit the website https: https://www.mudra.org.in/
- Or use the Udyamimitra Portal
Step 2: Click on “Apply Now”
- Click on “Apply Now” within the Mudra Loan section on the home page
Step 3: Select the applicant type
- New Entrepreneur
- Existing Entrepreneur
- Self-Employed Professional
Step 4: Register
- Enter your name, email ID, and mobile number
- Generate and verify the OTP
Step 5: Fill out the application form (after registration)
| S. No. | Form Field | Information to be Filled |
| 01. | Personal Details | Name, Address, Date of Birth |
| 02. | Business Details | Name of Business, Type, Activity |
| 03. | Loan Category | Shishu / Kishore / Tarun |
| 04. | Type of Industry | Manufacturing / Service / Trading / Agriculture-allied |
| 05. | Existing Banking Facility | If any |
| 06. | Proposed Loan Details | Amount Required, Working Capital Requirement |
| 07. | Preferred Lender | Bank/NBFC from which the loan is sought |
Step 6: Upload Documents
- Upload scanned copy of all required documents
- Make sure files are clean and readable
Step 7: Submit Application
- Double check all information
- Click on Submit button
- Note down the application number – it is important for the future
How to apply for a Mudra loan offline?
If you wish to apply offline, follow these simple steps:
- Visit your nearest bank (one that offers loans under the Mudra Yojana).
- Obtain the Mudra loan application form.
- Fill out the form accurately.
- Attach all the required documents.
- Submit it to the bank official.
- The bank will verify your documents and approve the loan.
Mudra Loan Interest Rates
The Mudra loan interest rates of various banks are as follows:
| S. No. | Name of Bank | Bank’s Interest Rate |
| 01. | SBI (State Bank of India) | From 12.15% (EBLR + 3.25%) |
| 02. | UCO Bank | From 9.15%… |
| 03. | Bank of Baroda | Linked to the bank’s base rate |
| 04. | Punjab National Bank | As per the bank’s guidelines |
Key Highlights:
- No collateral (guarantee) is required for loans up to ₹10 lakh.
- 2% interest subsidy for prompt repayment of Shishu loans.
Benefits of Mudra Loan
- Collateral-free loan – No security or guarantor required
- Government support – A completely reliable and secure scheme
- Digital process – Online application saves time
- Flexible categories – Suitable for businesses at every stage, from ‘Shishu’ to ‘Tarun’
- Quick approval – Loans are sanctioned in a short time
- MUDRA MITRA App – Available on Google Play Store and Apple App Store; guides users through the loan application process
About the MUDRA MITRA App
- The government has launched the MUDRA MITRA mobile application, which:
- Is available on the Google Play Store and Apple App Store
- Guides users through the loan application process
- Provides sample loan application forms
- Helps locate nearby banks
Pradhan Mantri Mudra Yojana (FAQs)
1. Where can I apply for a Mudra loan online?
You can apply online through the official website https://www.mudra.org.in/ or the Udyamimitra portal.
2. Can I apply for a Mudra loan online with SBI?
Yes, existing SBI customers can apply online via the https://emudra.sbi.bank.in portal.
3. What is the interest rate for a Mudra loan?
It depends on the bank; interest rates range from 9.15% at UCO Bank to approximately 12.15% at SBI.
4. Is a guarantee required for a Mudra loan?
No, no collateral or guarantee is required for Mudra loans up to ₹10 lakh.
5. What is the repayment period for a Mudra loan?
The repayment tenure is up to 5 years for loans up to ₹5 lakh and up to 7 years for loans between ₹5 lakh and ₹20 lakh.
6. Can women apply for a Mudra loan?
Yes, women entrepreneurs are fully eligible; women are specifically encouraged to apply.
7. Which sectors are eligible for a Mudra loan?
Manufacturing, services, trading, and agriculture-allied activities (such as dairy, poultry farming, and beekeeping).
Conclusion
The pradhan mantri mudra yojana online apply (PMMY) is a scheme launched by the Government of India to provide collateral-free, easy loans to small entrepreneurs, shopkeepers, and aspiring self-employed individuals. Through this scheme, you can obtain a loan ranging from ₹50,000 to ₹20 lakh.
If you have a business idea or wish to expand your existing business, apply for a Mudra loan online today. You can also download the MUDRA MITRA app, which will guide you through the entire process.