PMMY / MUDRA
Pradhan Mantri MUDRA Yojana (PMMY)
Last checked 18 Oct 2026 against the official scheme page. Terms and dates can change, so confirm on the official site before you apply.
Shishu up to Rs 50,000; Kishore above Rs 50,000 to Rs 5 lakh; Tarun above Rs 5 lakh to Rs 10 lakh; Tarun Plus above Rs 10 lakh to Rs 20 lakh (only for borrowers who repaid an earlier Tarun loan, effective 24 Oct 2024)
Funding available
Launched on 8 April 2015, PMMY gives collateral-free institutional credit to non-corporate, non-farm micro and small enterprises, including allied agriculture such as dairy, poultry and beekeeping. Loans come from banks, small finance banks, RRBs, NBFCs and MFIs in four bands: Shishu, Kishore, Tarun and Tarun Plus. MUDRA itself is a refinance agency and does not lend directly.
Eligibility Criteria
What You Get
- No collateral required; term loan and working capital; apply at any member lending institution or online via the Udyamimitra portal. DFS reports 52.07 crore accounts and Rs 33.19 lakh crore sanctioned as of 28 Feb 2025.
Apply on the official government portal
Apply NowQuick Facts
- Governing Body
- Department of Financial Services; MUDRA Ltd (refinance agency)
- Ministry / Dept
- Ministry of Finance
- Level
- Central Government
- Status
- Ongoing