Ministry of Finance · MUDRA

Mudra LoanPradhan Mantri MUDRA Yojana

Collateral-free loans up to ₹20 lakh for shops, traders, small manufacturers and service businesses.

₹20 L

without collateral

₹50 K

Shishu

₹5 L

Kishore

₹10–20 L

Tarun / Tarun Plus

Ideal for

Kirana shops, tailors, tiffin services, small food stalls, beauty parlours, transport operators and micro manufacturers.

What you get

No collateral or third-party guarantee required
Available from public & private banks, small finance banks, NBFCs and MFIs
Term loan for machinery plus working capital / overdraft
Repay over 3 to 7 years depending on the bank

Who can apply

Any Indian citizen with an income-generating, non-farm business plan
Manufacturing, trading, services and allied agri activities (dairy, poultry, bee-keeping)
Not a defaulter with any bank or financial institution
Tarun Plus only after fully repaying a Tarun loan

Step-by-step process

1Tell us your requirement
2Choose Shishu / Kishore / Tarun category
3Project report & documents prepared
4Application filed with the right bank
5Bank verification visit
6Sanction & disbursement

Documents needed

Aadhaar, PAN, photographsProof of business addressQuotation for machinery / items to be purchasedLast 6–12 months bank statement (existing business)Udyam registration (recommended)Simple business plan / project report

Calculate

Mudra Loan Finder

Shishu, Kishore, Tarun or Tarun Plus — which one fits you.

How much do you need?₹3 lakh

₹20,000₹20 lakh

Shishu up to ₹50,000

Starting a small business — cart, tiffin service, tailoring unit

Kishore ₹50,000 – ₹5 lakh

Growing an existing shop or small unit

Tarun ₹5 lakh – ₹10 lakh

Machinery, expansion, a bigger setup

Tarun Plus ₹10 lakh – ₹20 lakh

Only for borrowers who fully repaid an earlier Tarun loan

You should apply for

Mudra Kishore

No collateral · No guarantor · Any bank, NBFC or MFI

Loan amount₹3,00,000

Approx. EMI (11%, 5 years)₹6,523

Collateral needed₹0

Apply for Mudra with us

Also consider

Schemes that work well with this one

PMEGP

Ministry of MSME · KVIC / KVIB

35%

subsidy on project cost

Start a new manufacturing or service unit and get up to 35% of the project cost as a government subsidy.

₹50 L: Max project · manufacturing
₹20 L: Max project · service
5–10%: Your own contribution

CGTMSE

Ministry of MSME · SIDBI

₹10 Cr

loan without collateral

Get a bank loan without pledging your house or land — the government guarantees it for you.

75–90%: Guarantee cover
0: Property to mortgage
MSE: New & existing units

PMFME

Ministry of Food Processing Industries

₹10 L

max subsidy · 35%

For pickle, papad, masala, bakery, snacks, flour, oil and dairy units — 35% subsidy up to ₹10 lakh.

35%: Credit-linked subsidy
10%: Your contribution
₹40 K: Seed capital per SHG member

Scheme details are summarised from official guidelines and may change. Final eligibility, loan amount and subsidy are decided by the bank and the implementing agency.