Pradhan Mantri MUDRA Yojana (PMMY) Loan Scheme
Grow your business with collateral-free MUDRA loans under the Pradhan Mantri MUDRA Yojana. Get financial support for starting, expanding, or modernizing your business through the Shishu, Kishor, Tarun, and Tarun Plus loan categories.
Free Eligibility Check
Discover schemes you're eligible for.
₹20L
Maximum Loan (Tarun Plus)
No
Collateral Required
4
Loan Categories: Shishu, Kishor, Tarun, Tarun Plus
PAN India
Available Through All MLIs Nationwide
What is Pradhan Mantri MUDRA Yojana (PMMY)?
Pradhan Mantri MUDRA Yojana (PMMY) is a flagship Government of India scheme, launched in 2015 to 'fund the unfunded,' that provides collateral-free business loans to non-corporate, non-farm micro and small enterprises through Member Lending Institutions (MLIs) — including Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, NBFCs, and MFIs. The scheme supports entrepreneurs in manufacturing, trading, services, and agriculture-allied activities with affordable business finance up to ₹20 lakh.
Key Benefits
MUDRA Business Loan
Up to ₹20 Lakh
Collateral-free financing for eligible micro and small businesses across all four MUDRA categories.
No Collateral Required
100%
No security or third-party guarantee required for eligible MUDRA loans.
Shishu, Kishor, Tarun & Tarun Plus
4 Categories
Loan tiers matched to your business stage — from first-time entrepreneurs to established businesses scaling further.
PAN India MLI Network
Nationwide Access
Available through Scheduled Commercial Banks, RRBs, Small Finance Banks, NBFCs, and MFIs across India.
Who Can Apply?
Check whether your business qualifies before starting the application process.
Non-Corporate, Non-Farm Micro or Small Business
Eligibility requirement for application approval.
Startup or Existing Enterprise
Eligibility requirement for application approval.
Manufacturing, Trading or Service Sector
Eligibility requirement for application approval.
Income-Generating Activity, Including Allied Agricultural Activities
Eligibility requirement for application approval.
Indian Citizen
Eligibility requirement for application approval.
Viable Business Proposal as per Lender Assessment
Eligibility requirement for application approval.
Not Sure About Your Eligibility?
Our experts will review your profile and suggest the best government schemes based on your business stage and industry.
📞 Free Eligibility AssessmentApplication Process
We handle everything from eligibility assessment to final approval.
Business Assessment & Loan Category Selection
Evaluate your business requirements and choose the appropriate MUDRA category — Shishu, Kishor, Tarun, or Tarun Plus.
Document Preparation
Prepare KYC, business registration, financial, and project documents.
Loan Application via MLI or Udyamimitra Portal
Submit your application to a participating Member Lending Institution (bank, NBFC, MFI) or apply online via the Udyamimitra/JanSamarth portal.
Verification & Credit Approval
The lender reviews your application, documents, and repayment capacity as per standard lending norms.
Loan Disbursement
Receive the approved loan amount directly into your business account, with RuPay MUDRA Card access where applicable.
Required Documents
Aadhaar Card
PAN Card
Business Registration Certificate (If Applicable)
Udyam Registration (If Available)
GST Registration (If Applicable)
Business Address Proof
Business Plan / Project Report
Bank Statements
Passport Size Photographs
Income Proof (If Required)
Quotation for Machinery or Equipment (If Applicable)
Why Choose LegalNova?
Expert Guidance
High Approval Rate
Fast Processing
End-to-End Support
Quick Benefits
- Up to ₹20 Lakh Loan
- Collateral-Free MSME Finance
- 4 Loan Categories
Ready to Apply?
Get professional assistance from Legal Nova and maximize your chances of approval.