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This is an independent community awareness portal. It is NOT an official website of the Government of India or the Government of Maharashtra. All data is for informational purposes only.

Latest Updates:
🔥 PM Vishwakarma Scheme: Collateral-free loan up to ₹3 Lakhs open for artisans! 📌 New Update: Mudra Loan Scheme limit has been raised from ₹10 Lakhs to ₹20 Lakhs. 🎓 Maharashtra Skill Development Scheme: Free carpentry and vocational training batch registrations open. 💼 DIC Seed Money Scheme eligibility income limit raised to ₹8 Lakhs for unemployed youth.
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Pradhan Mantri MUDRA Yojana (PMMY)

Category: Loan & Subsidy
Launch Date: 8 April 2015
Last Updated: 22 May 2026
Information last verified on: 18 July 2026
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Scheme Overview

Pradhan Mantri MUDRA Yojana (PMMY) provides collateral-free loans up to ₹20 Lakhs (recently revised from ₹10 Lakhs) to non-corporate, non-farm small/micro enterprises. The loans are classified into three categories representing the stage of growth: Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 Lakhs), and Tarun (₹5 Lakhs to ₹20 Lakhs). This loan can be used for working capital, buying tools/machinery, and business expansion.

Eligibility Criteria

  • Proprietorship/Partnership firms, small manufacturing units, service sector entities, shopkeepers, fruit/vegetable vendors, artisans, and agriculture-allied activities.
  • The applicant must not be a defaulter with any financial institution or bank.
  • Must have a viable business proposal for a non-farm revenue-generating activity.

Required Documents

  • Proof of Identity (Aadhaar / Voter ID / PAN Card / Driving License)
  • Proof of Residence (Electricity Bill / Aadhaar / Telephone Bill)
  • Business Address Proof and Business Registration Certificate
  • Quotations of machinery or items to be purchased
  • Bank Account Statement for the last 6 months (for Kishor and Tarun loans)
  • Past 2 years Balance Sheet and Income Tax Returns (for Tarun loans)

Application Process

1. Identify the MUDRA loan category suitable for your business (Shishu, Kishor, or Tarun).
2. Gather the business proposal, machinery quotes, and standard KYC documents.
3. Visit any commercial bank, cooperative bank, regional rural bank, microfinance institution (MFI), or apply online through the Udyami Mitra portal (udyamimitra.in) or JanSamarth portal.
4. Submit the MUDRA application form along with documents.
5. The bank evaluates the creditworthiness and business feasibility.
6. Upon approval, the bank issues a Mudra Debit Card which allows drawing cash for working capital.
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Scheme Updates & Changelog

22 May 2026 Mudra loan limit raised from ₹10 Lakhs to ₹20 Lakhs for Tarun category under new Union Budget amendments.
15 Feb 2025 Simplified single-page application launched for Shishu loans up to ₹50,000.
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