Pradhan Mantri Mudra Yojana(PMMY), MSME Loan Eligibility

 Pradhan Mantri Mudra Yojana(PMMY)


Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new Department set up by the Government of India to provide Finance to non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are less than  Rs: 10 Lakh.

Pradhan Mantri MUDRA Loan - Products.

Under  Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. 'Shishu', 'Kishore', and ‘Tarun’ as per the stage of growth and funding needs of the micro-unit. These schemes cover loan amounts as per the following :

Shishu: covering loans up to Rs 50,000.

Kishore: covering loans above Rs 50,000  to ₹5,00,000.

Tarun: covering loans above Rs 5,00,000  to Rs 10,00,000

 All Non-Corporate Small Business Segment (NCSBS) having proprietorship or partnership firms running as small manufacturing units, Service sector units, Shopkeepers, Fruits Vegetable vendors, Truck operators, Food-service units, Repair shops, Machine operators, Small industries, Food processors, etc. in rural and urban areas, are eligible  Mudra Yojana.

Bank branches would facilitate loans under the Mudra scheme as per customer requirements. Loans under this scheme are collateral/Guarantee free loans.

*Mudra Loans may be available for the following.

Vehicle loan: Commercial vehicle loan, Car loan, and Two-wheeler loan

Business Installment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices, etc.

Business Loans Group Loans (BLG) and Rural Business Credit (RBC): Banks can offer Drop line overdraft/Overdraft facility/Working capital loans to eligible customers.

*  Documents Required for Pradhan Mantri Mudra Yojana

*  For Vehicle Loans.


+  Mudra application form

+  Vehicle loan application form

+  2 passport size color photographs

+  Photo Identity proof

+  Address proof

+  Income proof

+  Bank statement (last 6 months)

 *  Business Installment Loan

*  Mudra application form

*  BIL application form

*  Photo identity proof

*  Address proof

*  Establishment proof

*  Bank statement (last 6 months)

*  Ownership proof of residence/office

*  Proof of continuity of business

*  Proof of qualification

*  Trade references

*  2 years ITR

* CA certified financials documents

 *  Business Loans Group and Rural Business Credit Loans

*  Mudra application Form

*  BIL/RBC application form

*  Photo identity and age proof

*  Address proof

*  Ownership proof of residence/office

*  Business  proof

*  Bank statement (last 12 months)

*  Income tax return (last 2 years)

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