Get Mudra Loan for MSME Business
Fund your micro enterprise dreams with PMMY Mudra loans. Get collateral free loans up to ₹20 lakh for manufacturing, trading, and service businesses under the flagship government scheme. New Tarun Plus category offers enhanced credit limit for successful entrepreneurs.
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Mudra Loan
Empowering Businesses through Comprehensive Solutions From Fund Management to Legal Empowering.
What Is PMMY Mudra Loan?
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the Government of India to provide collateral free loans up to ₹20 lakh to noncorporate, non farm micro enterprises. The loan limit has been increased from ₹10 lakh to ₹20 lakh with the introduction of Tarun Plus category. The scheme supports millions of proprietorship and partnership firms in manufacturing, service, and trading sectors, helping entrepreneurs access formal banking credit that was previously unavailable through traditional channels.
Mudra Loan Categories
Shishu
Up to ₹50,000
Loan amount
- No processing fee charged
- No margin money required
- For micro businesses and startups
- Quick approval process
Kishore
₹50,000 to ₹5L
Loan amount
- Minimum 15% margin money
- Growing businesses category
- Term loan and working capital
- 44.7% share in FY25
Tarun
₹5L to ₹10L
Loan amount
- Minimum 15% margin money
- Established businesses scaling
- Business expansion focus
- Gaining momentum category
Tarun Plus
₹10L to ₹20L
Loan amount
- New category for successful Tarun repayers
- Must have repaid Tarun loan (₹5L–₹10L)
- CGFMU guarantee up to ₹20 lakh
- Enhanced credit limit for growth
Mudra Loan Benefits & Eligibility
PMMY Mudra loans provide comprehensive financial support to micro enterprises with collateral free credit, enabling millions of entrepreneurs to access formal banking and grow their businesses.
Key Benefits
- Collateral free loans up to ₹10 lakh.
- No processing charges for Shishu loans.
- Available through multiple lending channels.
- Online application through JanSamarth portal.
- Special benefits for women entrepreneurs.
Eligibility Criteria
- Individuals and all legal business forms.
- Non corporate, non farm enterprises.
- Satisfactory credit track record required.
- Should not be defaulter to any institution.
- Necessary skills/experience for proposed activity.
How Abtik Helps You Get Mudra Loan
Application Assistance
We help you prepare loan applications, project reports, and all necessary documentation for smooth Mudra loan processing through JanSamarth portal or bank branches.
Lender Coordination
Our team connects you with the right lending institutions including banks, NBFCs, and MFIs for optimal loan terms and quick approval.
Business Development
We provide ongoing support for business planning, financial management, and growth strategies to ensure your MSME success under Mudra scheme.
Why Choose Abtik for Mudra Loan
Up to ₹20 Lakh Loan
Access collateral free loans ranging from ₹50,000 to ₹20 lakh across Shishu, Kishore, Tarun, and Tarun Plus categories for your micro enterprise needs.
Competitive Interest Rates
Benefit from competitive interest rates as per RBI guidelines with no processing charges for Shishu loans and minimal charges for higher categories.
No Collateral Required
Start or expand your business without any collateral security, with only personal guarantee of promoters and primary security of assets created.
Frequently Asked Questions
1. What is PMMY Mudra Loan?
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme providing collateral free loans up to ₹20 lakh to non corporate, non farm micro enterprises engaged in manufacturing, trading, or service sectors including activities allied to agriculture. The loan limit has been increased from ₹10 lakh to ₹20 lakh under the Tarun Plus category.
2. What are the categories of Mudra loans?
Mudra loans are categorized into four types: Shishu (up to ₹50,000), Kishore (₹50,000 to ₹5 lakh), Tarun (₹5 lakh to ₹10 lakh), and Tarun Plus (₹10 lakh to ₹20 lakh). Tarun Plus is for entrepreneurs who have successfully repaid previous Tarun category loans, signifying different stages of business growth and funding requirements.
3. Who is eligible for Mudra loans?
Individuals, proprietary concerns, partnership firms, private limited companies, public companies, and any other legal forms engaged in income generating activities in non farm sectors are eligible. The applicant should not be a defaulter and should have a satisfactory credit track record.
4. What documents are required for Mudra loan application?
Required documents include ID proof, address proof, passport size photograph, applicant signature, business proof, project report, bank statements, and other documents as specified by the lending institution.
5. Is there any processing fee for Mudra loans?
Banks may charge upfront fee as per their internal guidelines. However, the upfront fee/processing charges for Shishu loans (up to ₹50,000) are waived by most banks to encourage micro entrepreneurs.
6. Can women entrepreneurs get additional benefits?
Yes, women account for 68% of all Mudra beneficiaries. MUDRA provides a reduction of 25 basis points in interest rates to MFIs/NBFCs providing loans to women entrepreneurs, and banks may consider additional facilities including interest reduction.
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Note : Payments only accepted in our company account; personal account payments are not our responsibility.
Disclaimer : Please note that although we offer consulting, approval is subject to the terms and conditions of the scheme or programme.