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Pradhan Mantri Mudra Yojana (PMMY)

Loan Rs 50K (Shishu) → Rs 5L (Kishor) → Rs 10L (Tarun) for non-corporate, non-farm small enterprise. NO COLLATERAL. * Indian citizen, age 18+ * Non-corporate,.

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—yojana:mudra-yojana [2026/05/05 04:27] (current) – created - external edit 127.0.0.1
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 +{{htmlmetatags>
 +metatag-keywords=(mudra yojana, pm mudra, mudra loan, shishu kishor tarun, mudra loan eligibility)
 +metatag-description=(Loan Rs 50K (Shishu) → Rs 5L (Kishor) → Rs 10L (Tarun) for non-corporate, non-farm small enterprise. NO COLLATERAL. * Indian citizen, age 18+ * Non-corporate,.)
 +}}
  
 +====== Pradhan Mantri Mudra Yojana (PMMY) ======
 +{{:social:auto:yojana-mudra-yojana.png?direct&1200 |Pradhan Mantri Mudra Yojana (PMMY) — RTI Wiki}}
 +
 +<WRAP info>
 +**Loan Rs 50,000 (Shishu) / Rs 5 lakh (Kishor) / Rs 10 lakh (Tarun) — collateral-free, for non-corporate non-farm small enterprise.**
 +
 +**Launched:** 2015  ·  **Issued by:** Ministry of Finance / SIDBI
 +</WRAP>
 +
 +===== Who is eligible =====
 +  * Indian citizen, age 18+
 +  * Non-corporate, non-farm small enterprise (manufacturing, processing, trading, service)
 +  * Aadhaar + bank account
 +  * Existing or new business (not for personal use)
 +
 +===== What you get =====
 +Three tiers: Shishu (up to Rs 50,000), Kishor (Rs 50,001-5L), Tarun (Rs 5L-10L). Collateral-free. Bank rate (typically 9-12%). Tenure 3-5 years. Available at all PSU banks, RRBs, Small Finance Banks, NBFCs, MFIs.
 +
 +===== How to apply (step-by-step) =====
 +  - **Identify your tier** — Shishu for new, Kishor for established, Tarun for expansion.
 +  - **Visit any bank / NBFC / MFI** — All Mudra-empanelled lenders.
 +  - **Submit business plan + KYC** — Aadhaar + PAN + business proof + bank statement.
 +  - **Lender appraises — 30-45 days** — No collateral required.
 +  - **Loan disbursed to bank account** — EMI starts in 30-90 days post-disbursal.
 +
 +===== Documents needed =====
 +  * Aadhaar
 +  * PAN
 +  * Business proof (Udyam / GST / shop establishment)
 +  * Bank statement (6 months)
 +  * Business plan (Tarun)
 +
 +===== Timeline =====
 +Disbursal: 30-45 days for Shishu/Kishor; 45-60 days for Tarun.
 +
 +===== Portal + helpline =====
 +  * **Official portal:** [[https://mudra.org.in|mudra.org.in]]
 +  * **Helpline:** PMMY: contact lender bank
 +  * **Step-by-step apply guide:** [[:how-to-apply:udyam-msme|How-to-apply walkthrough]]
 +
 +===== Common issues =====
 +  * Bank refuses citing risk — try multiple banks; SLBC coordinator if blocked at all PSUs.
 +  * Loan demanded for personal use — only business eligible. Show genuine business plan.
 +  * Documents incomplete — get Udyam Registration first; speeds Mudra approval.
 +  * Default risk — CGTMSE backstops to lender; you still owe principal + interest.
 +
 +===== Benefit delayed or rejected? File an RTI =====
 +
 +Most "delays" or "rejections" clear within 7-15 days of an RTI being filed. Use this 5-question template:
 +
 +<code>
 +1. Status of my application no. _____ dated _____ as on date.
 +2. Name + designation of dealing officer assigned to my file.
 +3. Reasons for delay beyond the statutory timeline.
 +4. Copy of any noting / movement of my file in the past 30 days.
 +5. Likely date of disbursement / decision.
 +</code>
 +
 +**Auto-fill the PIO + your case:** [[:citizen-rti-playbook|Open the AI RTI Drafter →]]
 +
 +**More schemes for you:** [[:audience:msme-entrepreneurs|All msme entrepreneurs schemes]]
 +
 +===== Frequently asked questions =====
 +==== Is collateral really not needed? ====
 +Yes — fully collateral-free. CGTMSE backs the lender.
 +
 +==== Can I use Mudra for new business? ====
 +Yes — Shishu tier (up to Rs 50K) is for new. Provide business plan.
 +
 +==== What if I default? ====
 +CGTMSE pays lender; you still owe debt. Recovery via standard process.
 +
 +==== Loan stuck > 60 days? ====
 +SLBC PMMY coordinator + RTI to lender + DRDA.
 +
 +===== Summary + next step =====
 +
 +<WRAP center round tip 90%>
 +**Bottom line:** Loan Rs 50,000 (Shishu) / Rs 5 lakh (Kishor) / Rs 10 lakh (Tarun) — collateral-free, for non-corporate non-farm small enterprise. Apply at **mudra.org.in**. If delayed beyond timeline, file an RTI — most cases clear within 15 days.
 +
 +  * **Apply now:** [[https://mudra.org.in|mudra.org.in]]
 +  * **Step-by-step guide:** [[:how-to-apply:udyam-msme|Apply walkthrough]]
 +  * **If delayed — RTI Drafter:** [[:citizen-rti-playbook|File RTI in 5 minutes]]
 +  * **Browse all 150 yojanas:** [[:yojana:start|Sarkari Yojana index]]
 +</WRAP>
 +
 +===== Related =====
 +  * [[:yojana:start|All 150 Sarkari Yojanas]]
 +  * [[:check-status:start|25 status-check guides]]
 +  * [[:documents:start|30 documents-required checklists]]
 +  * [[:how-to-apply:start|25 how-to-apply guides]]
 +  * [[:rejection-recovery:start|16 rejection-recovery guides]]
 +  * [[:audience:start|10 audience-hub schemes]]
 +  * [[:helplines:start|32 helplines + grievance routes]]
 +  * [[:citizen-rti-playbook|Full RTI Playbook]]
 +
 +===== Sources =====
 +  * Official portal: mudra.org.in
 +  * Issued by: Ministry of Finance / SIDBI
 +  * Launched: 2015
 +  * Citizen feedback via [[https://righttoinformation.wiki/tools/awaaz-rti.html|%%AwaazRTI%%]] (composite, identifying details removed)
 +
 +//Last reviewed: 26 April 2026.//
 +
 +{{tag>yojana sarkari-yojana mudra-yojana}}