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BusinessCentral GovernmentVerified 1 Sep 2026
Pradhan Mantri MUDRA Yojana (PMMY)
Nodal Implementing Authority: Department of Financial Services, Ministry of Finance & MUDRA Ltd
Administrative ScopeCentral Government
CategoryBusiness
Target BeneficiariesMicro-entrepreneurs, shopkeepers, artisans, manufacturing units, and small trading businesses
Scheme Purpose & Core Objectives
To provide institutional collateral-free micro-credit loans up to Rs. 20 Lakh to non-corporate, non-farm small and micro-enterprises for income generation and business expansion.
Key Benefits Provided to Beneficiaries
Collateral-free loans categorized into: Shishu (up to Rs. 50,000), Kishore (Rs. 50,000 to 5 Lakh), and Tarun (Rs. 5 Lakh to 10 Lakh / up to 20 Lakh for established borrowers)
No processing charges for Shishu loans
MUDRA RuPay Card provided for working capital withdrawals
General Eligibility Criteria
Statutory qualifications required for enrollment without volatile budgetary or transient criteria.
✓Any Indian citizen who has a viable business plan for non-farm income-generating activities
✓Enterprises in manufacturing, processing, trading, or service sector
✓Borrower must not be a defaulter to any bank or financial institution