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+{{htmlmetatags>metatag-keywords=(PM Mudra Yojana, mudra loan, shishu kishore tarun, mudra loan ₹20 lakh, mudra eligibility, no collateral business loan India, mudra apply 2026)
+metatag-description=(PM Mudra Yojana 2026 — non-corporate small business loans up to ₹20 lakh, no collateral. Shishu/Kishore/Tarun/Tarun-Plus tiers. Eligibility, apply, RTI escalation.)}}
+====== PM Mudra Yojana 2026 — Loans up to ₹20 lakh, No Collateral ======
+**Direct answer.** PM Mudra Yojana (PMMY) gives **micro-loans up to ₹20 lakh** to non-corporate non-farm small business owners. **No collateral.** 4 tiers: **Shishu** (≤ ₹50,000), **Kishore** (₹50k–5L), **Tarun** (₹5L–10L), **Tarun Plus** (₹10L–20L, added in 2024). Apply at any PSU bank, private bank, RRB, or NBFC. **₹0 application fee.** Decision in 7–15 days.
+===== Quick Answer =====
+  * **₹50,000 – ₹20 lakh**, no collateral.
+  * **For** small business: shop, kirana, manufacturing, services, transport, trading.
+  * **NOT for** agriculture (use [[:kisan-credit-card|KCC]] instead).
+  * **Apply at any bank** OR **udyamimitra.in** OR **Jan Samarth portal**.
+  * **Helpline**: **1800-180-1111** (toll-free).
+  * **Stuck or rejected?** [[https://righttoinformation.wiki/tools/ai-rti-draft-app.html|🪄 RTI in 60 sec]].
+===== What is this scheme =====
+PMMY launched **8 April 2015**, run by **MUDRA Ltd** (subsidiary of SIDBI). 4.7 crore loans worth ₹17 lakh crore disbursed since launch. **Tarun Plus** (₹10–20 lakh tier) added in **2024** for businesses upgrading from Tarun.
+===== Loan tiers + use ====
+| Tier | Amount | Best for |
+| **Shishu** | ≤ ₹50,000 | Starting a new micro-business; vendor / hawker |
+| **Kishore** | ₹50,001 – ₹5 lakh | Established small business needing growth capital |
+| **Tarun** | ₹5,00,001 – ₹10 lakh | Larger established business expanding |
+| **Tarun Plus** (2024+) | ₹10,00,001 – ₹20 lakh | Existing Tarun beneficiaries upgrading; high-revenue micro-business |
+==== Interest rate ====
+Set by lender (within RBI guidelines):
+  * **Shishu**: 9–12% (PSU banks) / 11–14% (NBFCs)
+  * **Kishore / Tarun**: 10–14% (PSU banks)
+  * **Tarun Plus**: 12–16%
+  * **Sector add-ons**: women, SC/ST get small interest concession in some banks.
+===== Who is eligible =====
+  * **Non-corporate** small business — proprietorship, partnership, LLP (small).
+  * **Non-farm** activities — agriculture explicitly excluded.
+  * **Existing or new** business is fine (Shishu can be for starting; Tarun + needs operational history).
+  * **Indian resident**, age 18+.
+  * **Aadhaar + PAN + bank account** mandatory.
+  * **No major default** on existing loans.
+==== Allowed business types ====
+  * **Manufacturing**: tailoring, food processing, repair, fabrication, handicrafts.
+  * **Trading**: kirana, vegetable shop, restaurant, e-commerce reseller.
+  * **Services**: salon, photography, AC repair, courier, IT services.
+  * **Transport**: auto-rickshaw, taxi, e-rickshaw, mini-truck (vehicle loan under PMMY).
+  * **Allied**: dairy, poultry, beekeeping (not pure agriculture).
+==== Excluded ====
+  * Pure agriculture (KCC instead)
+  * Real estate / land trading
+  * Stock market / commodity trading
+===== Documents required =====
+  - **Aadhaar card** (mobile-linked)
+  - **PAN card**
+  - **Photograph** — passport-size, recent
+  - **Address proof** — Aadhaar / utility bill
+  - **Business proof** (for Kishore/Tarun): GST registration / udyam / shop & establishment / partnership deed
+  - **Last 6 months bank statement**
+  - **ITR last 2 years** (Tarun + Tarun Plus typically)
+  - **Quote / pro forma invoice** for the asset / inventory you'll buy with loan
+  - **Project report** (Tarun + Tarun Plus): expected revenue, profit, repayment plan
+===== Step-by-step application =====
+==== Option 1 — Walk-in to bank ====
+  - Visit any PSU bank, private bank, or RRB branch.
+  - Ask for "**Mudra loan / PMMY**".
+  - Submit form + documents.
+  - Officer assesses + visits business (Kishore/Tarun).
+  - **Decision in 7–15 days**.
+  - On sanction: loan agreement, EMI auto-debit, **MUDRA Card** issued (working-capital component).
+==== Option 2 — Online ====
+  - Visit **https://udyamimitra.in** OR **https://www.jansamarth.in**.
+  - Register → enter business + financial details.
+  - **Multiple banks** auto-bid for your application.
+  - Pick best offer + complete bank's e-KYC.
+  - Loan disbursed in 7–15 days.
+===== Common mistakes =====
+  * **Wrong tier selection** — applying for Tarun without operational history. Start with Shishu/Kishore, build, upgrade to Tarun.
+  * **Trusting "Mudra agents"** charging ₹5k-25k fees — Mudra is **direct-to-bank**. Agents = fraud.
+  * **Vague project report** — Tarun + needs clear revenue plan. Banks reject vague applications.
+  * **Existing default** undisclosed — bank checks CIBIL; default = rejection. Settle first or use [[:loan-settlement-process-india|OTS]].
+  * **Asking for too much** — banks size loan to your turnover. Realistic ask = faster approval.
+===== Latest updates (2026) =====
+  * **Tarun Plus (₹10–20 lakh)** — fully rolled out.
+  * **Jan Samarth Portal** — single window for 13 government credit schemes including Mudra. Reduces approval time to 7 days.
+  * **MSME-Mudra integration** — Udyam-registered businesses get auto-fast-track in Mudra.
+  * **Co-lending model** — Mudra now eligible for PSU + NBFC co-lending (faster disbursal).
+===== If the formal channel fails, escalate via RTI =====
+<WRAP center round info 100%>
+If this complaint isn't resolved through the regular complaint route, you can file an **RTI** to force the public authority to either act or explain in writing why they haven't. The fee is ₹10 (free if you're BPL).
+  * Draft your application: [[https://righttoinformation.wiki/tools/ai-rti-draft-app.html|AI RTI Drafter]]
+  * Calculate timelines: [[https://righttoinformation.wiki/tools/timeline-calculator-app.html|Timeline Calculator]]
+  * If PIO doesn't reply in 30 days: [[https://righttoinformation.wiki/appeal-templates/deemed-refusal-first-appeal|Deemed refusal first appeal]]
+  * If PIO rejects without reason: [[https://righttoinformation.wiki/appeal-templates/wrongful-section-8-rejection|S.8 rejection appeal]]
+  * Sample applications: [[https://righttoinformation.wiki/guide/applicant/application/sample/start|Sample RTI library]]
+</WRAP>
+===== FAQ =====
+==== Can I apply for Mudra without GST? ====
+**Yes for Shishu (< ₹50k)** — GST not mandatory. **For Kishore + Tarun**, GST or Udyam registration is preferred. Banks may give Kishore without GST if turnover < ₹40 lakh.
+==== What if my business is < 1 year old? ====
+**Apply for Shishu** — starts most new businesses. Can upgrade to Kishore after 12 months operation.
+==== Mudra loan EMI default — what happens? ====
+Bank reports to **CIBIL** → score drops 75–100 points. Recovery via SARFAESI doesn't apply (Mudra has no collateral) but banks can sue civil. Best: contact branch manager early, restructure / OTS. See [[:loan-settlement-process-india|loan settlement]].
+==== Can I use Mudra for vehicle purchase (auto-rickshaw, taxi)? ====
+**Yes** — under "transport" category. Loan against the vehicle. No external collateral but vehicle itself is hypothecated.
+==== Is the Mudra Card different from a regular debit card? ====
+**Mudra Card** is a working-capital RuPay card linked to your Mudra loan account. Use to purchase inventory; balance refreshes monthly within sanctioned limit. Like a credit card but tied to business loan.
+==== I'm an SC/ST/Woman entrepreneur. Mudra vs Stand-Up India? ====
+**Mudra**: max ₹20 lakh, faster, less paperwork. **[[:stand-up-india-scheme|Stand-Up India]]**: ₹10 lakh – ₹1 crore, **only for greenfield** ventures, full project report needed. Pick Stand-Up if you need > ₹10 lakh + greenfield.
+==== Can NRI apply? ====
+**No** — Indian residents only.
+==== Mudra interest is subsidised, right? ====
+**No subsidy** on the interest itself (unlike PM SVANidhi which has 7% subvention). But MUDRA refinances banks at lower rate, so banks pass on slightly lower interest than commercial loans.
+===== You may also be eligible for =====
+  * **[[:stand-up-india-scheme|Stand-Up India]]** — for SC/ST/woman, ₹10L–1Cr greenfield
+  * **[[:pm-svanidhi-yojana|PM SVANidhi]]** — for street vendors specifically
+  * **[[:pm-jan-dhan-yojana|Jan Dhan]]** — open the bank account first
+  * **[[:atal-pension-yojana|APY]]** — pension after 60 for self-employed
+  * **[[:financial-support-schemes-india|💰 All financial schemes]]**
+===== Sources =====
+  * [[https://www.mudra.org.in|MUDRA — official]]
+  * [[https://www.udyamimitra.in|Udyamimitra portal]]
+  * [[https://www.jansamarth.in|Jan Samarth portal]]
+  * [[https://www.financialservices.gov.in|DFS, MoF]]
+  * Helpline: **1800-180-1111**
+{REVIEWED}
+//Last reviewed: 3 May 2026.//
+===== Visual / Infographic prompts =====
+  * **Infographic concept:** 3-tier ladder: Shishu (≤₹50k) → Kishore (₹50k–5L) → Tarun (₹5L–10L) → Tarun Plus (₹10–20L, 2024+). Use-cases per tier (kirana, tailor, e-rickshaw, food cart).
+==== SVG icon prompts (use any AI image gen) ====
+  - Minimal flat icon of a small kirana shop with a hand-painted 'Mudra' board.
+  - Three coin stacks of increasing height labelled 'Shishu / Kishore / Tarun' in green.
+  - Clean icon of a sewing machine with a rupee symbol, micro-business theme.
+==== Feature image prompt ====
+//Realistic warm photo of a young Indian woman tailor at her shop, sewing machine, smiling at customer, 'MUDRA financed' signage, natural lighting.//
+{{tag>pm-mudra mudra-loan small-business shishu-kishore-tarun 2026}}