PM Mudra Loan Yojana (PMMY) 2024: Apply for Loan up to 10 lakh at mudra.org.in

PM Mudra Loan Yojana (PMMY) 2024: To promote the self employment amongst the citizens & help the individuals/ small group, who wants to start their own business (small/ medium other than corporate and farm) the Govt of India has started PM Mudra yojana.

Under PM Mudra Yojana (PMMY) 2024, the Govt of India will provide loan amount up to the ₹10Lakh to the eligible applicant to start new business. Interested and eligible applicants can apply for PM Mudra Loan yojana at the official Portal at https://mudra.org.in/.

The Prime Minister Narendra Modi has launched the PM Mudra Loan Yojana official portal at https://mudra.org.in/ on April 8, 2015.

In this detailed article we will tell you about, helpful summary of the scheme , types of mudra loan, eligibility criteria, document required, how to apply for PMMY yojana (scheme), list of banks etc

Helpful summary of PM Mudra Loan Yojana 2024

READ Also:—> PM Surya Ghar Muft Bijli Scheme

About PM Mudra Loan Scheme 2024

When it comes employment, most of people in India goes for the govt jobs. The GoI and all other state govt can not provide govt jobs to everyone due to large population and limited Govt job vacancies. A large number of population is working in private sector.

To promote self employment in youths, the Government of India has come with PM Mudra Loan Scheme. In this scheme skilled individuals or group of people who wants to start their own business (non corporate & non farm) can apply for the loan starting from ₹50,000 Up to ₹10,00,000 from the authorized nearby branch office of a bank, NBFC, MFIs etc.

The interest rate for PM mudra loan will depend upon the type of PM Mudra loan, usually 8% up to12%.

Types of PM Mudra Loan scheme

• Shishu: Loan amount will be up to ₹50,000.
• Kishore: Loan amount above ₹50,000 and up to ₹5,00,000. 
• Tarun: Loan amount above ₹5,00,000 and up to ₹1,000,000.

Important links PM Mudra Loan Form pdf Download 2024

Eligibility Criteria

• Applicant should be Indian citizen.
• Applicants age should more then 18 up to 65 years.
• Loan defaulters will not eligible in this scheme.
• Applicant should have the skill & knowledge to run & operate the business.
• Applicant should have bank account at least 6 month old, from which he wants to take loan.
• Interested Individual should have valid documents lie Aadhaar Card, Pan Card, cast certificate (if required) & business related documents etc.
• For non-individual enterprises, 51% of the shareholding and controlling stake should be held by women entrepreneurs or SC/ST.

Also Read :—–> ESIC Online Payment 2024-25

Required Documents

• ID proof: Applicant must have valid Aadhaar card, PAN card, driving license, passport, voter ID, or government-issued photo ID.
• Address proof: Applicant must have electricity bill, Aadhaar card, voter ID, passport, or bank account statement
• Business ID and address proof: Applicant should have valid Licenses, registration certificates, or deed copy (if required)
• Applicant’s recent photograph: Applicant should carry two passport size photos ( Not more than six months old)
• Cast certificate (If required)
• Proof of loan requirement: Equipment quotations or vendor details & other details
• Proof of income: Applicant should have Latest ITR or income certificate (if required)
• Last six months bank statement: Applicant should have bank account at least 6 month old, from which he wants to take loan.
• Balance sheets: Last two years balance sheets of the units, along with income tax or sales tax returns.
• Loan application form: Applicant must fill the PM Mudra Loan Yojana Form Accurately. Don’t forget to carry other required documents with the duly filled application form.

Do PM Mudra Loan Yojana Online/ offline Apply

• First, you have to visit the official portal At https://mudra.org.in/.
• After that, you will see three type of Mudra lone like “Shishu,” “Kishore” and “Tarun.”

• Now, as per your loan requirement, click on related options.
• Once done, a new page will open. here you will see “Application Form for Shishu” & “Common Loan Application form for Kishore and Tarun” and their Download pdf link.

• As Per your Lone requirement, click on the “download” option.
• Once done, your Mudra Loan application form will be downloaded in pdf form.
• After that, take a print out of application form.
• Once done, now duly fill the PM Mudra Loan Yojana application Form.
• After that, attach all the required documents with loan application form in file.
• Now visit the nearest Bank, from which you want to take loan, submit the loan application file(with the required documents).
• Once the Bank verify and approves your loan application.
• You will get the PM Mudra Yojana loan amount in your bank account.

bank and nbfc full list for mudra loan

FAQ