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Pradhan Mantri Mudra Yojana


  • Pradhan Mantri Mudra Yojana is a flagship scheme of the Government of India.


  • Ministry of Finance


  • Facilitate micro credit/Loan up to Rs. 10 lakh to income-generating micro-enterprises in the non-farm sector.
  • Support financial intermediaries to extend loans to non-corporate, non-farm sector income-generating activities of micro and small entities.


  • Loans available under three categories: Shishu, Kishor, and Tarun.
  • Shishu: covering loans up to Rs. 50,000/-
  • Kishor: covering loans from Rs. 50,001 to Rs. 5,00,000/-
  • Tarun: covering loans from Rs. 5,00,001 to Rs. 10,00,000/-
  • Loans available to various micro-enterprises engaged in the non-farm sector.
  • Interest rates charged as per the policy decision of the bank.
  • Upfront fee/Processing charges for Shishu loans waived by most banks.


  • Eligible borrowers include individuals, proprietary concerns, partnership firms, private Ltd. company, public company, and any other legal forms.
  • Applicants should not be a defaulter to any bank or financial institution and should have a satisfactory credit track record.
  • Individual borrowers may be required to possess the necessary skills/experience/knowledge to undertake the proposed activity.

Implementation strategy:

  • Loans can be availed only through banks and lending institutions, which include public sector banks, private sector banks, state-operated cooperative banks, rural banks from the regional sector, institutions offering microfinance, and financial companies other than banks.
  • Borrowers are advised to keep away from persons posing as Agents/facilitators of MUDRA/PMMY.

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