Mudra Loan
At Mudra Loan, we understand that financial needs can arise at any time — whether for business growth, managing opportunities, or addressing important expenses beyond regular income. These needs may include starting or expanding a small business, purchasing equipment or a vehicle for commercial use, upgrading a workspace, or meeting other income-generating requirements.
Traditionally, people relied on savings, fixed deposits, or support from family and friends to manage such needs. Credit cards often carry high interest costs, while conventional bank loans can involve lengthy approvals, extensive paperwork, and multiple branch visits.
Mudra Loan simplifies this process by offering fast, secure, and fully digital Mudra financing that you can apply for anytime, from anywhere. Our streamlined online journey minimizes documentation and eliminates branch visits, making access to business funding quicker and more convenient.
Mudra Loan Categories
Under the Pradhan Mantri MUDRA Yojana, loans are structured into three stages based on business maturity and funding needs:
Shishu – Loans up to ₹50,000
Best suited for first-time entrepreneurs and micro businesses at the startup stage needing small capital to begin operations.
Kishore – Loans from ₹50,001 to ₹5 lakhs
Ideal for growing businesses requiring funds for expansion, equipment purchase, or increased working capital.
Tarun – Loans from ₹5 lakhs to ₹10 lakhs
Designed for established businesses planning scaling and diversification.
Tarun Plus – Loans from ₹10 lakhs to ₹20 lakhs
Designed for established businesses planning scaling, modernization, diversification, or capacity enhancement.
Mudra Loan Eligibility
Mudra Loans are accessible to a wide range of micro-enterprise participants:
- Individuals aged 18 to 65 years
- Existing or aspiring entrepreneurs
- Business owners and shopkeepers
- Small industrialists and manufacturers
- Service providers and professionals
- Individuals engaged in allied agricultural activities
- Self-help groups and micro enterprises
- Startup founders and small business units
Personalized Customer Assistance
Our support team is always ready to guide you through the loan process and answer your queries at every step.
Guranteed Customer Satisfaction
Trusted by thousands of customers, our service quality and smooth experience are reflected in consistently high satisfaction ratings.
Simple & Minimal Documentation
Apply easily with just a few essential documents, making the loan process faster, hassle-free, and convenient for everyone.
Mudra Loan Products & Documentation
Shishu Loan
For entrepreneurs at the threshold of starting a business, Shishu loans provide funding up to ₹50,000.
Typical details required:
- Quotation for machinery or equipment to be purchased
- Details of plant and machinery acquired or proposed
- Supplier or vendor information
Kishore Loan
Kishore loans range from ₹50,000 to ₹5,00,000 and support businesses looking to expand operations or scale production.
Common documents required:
- Business balance sheets for the last two financial years
- Income tax and sales tax returns
- Bank statements for the previous 6 months
- Projected balance sheet for the next year or loan period
- Memorandum and Articles of Association (if applicable)
- Current financial year sales details
- Technical and economic feasibility or project report
Tarun / Tarun Plus Loan
Tarun loans range from ₹5,00,001 to ₹20,00,000 and are suited for established businesses seeking larger capital for growth or modernization.
Additional requirements (along with Kishore documents):
- Identity proof
- Address proof
- Category details (SC/ST/OBC/General, if applicable)
Documents Required
| Type of loan | Documentation |
|---|---|
| Vehicle Loans |
|
| Business Instalment Loan |
|
| Business Loans Group and Rural Business Credit |
|
Benefits of taking a Mudra Loan
The Pradhan Mantri MUDRA Yojana (PMMY) is designed to make business financing accessible, affordable, and inclusive for micro and small enterprises across India. Here are the key features and advantages of opting for a Mudra Loan:
Wide Accessibility Across India
Mudra Loans are available in both rural and urban areas through banks, NBFCs, and microfinance institutions — expanding formal credit access nationwide.
Supports Micro & Small Businesses
Entrepreneurs, shopkeepers, vendors, artisans, and startups can obtain financial backing to start or grow small income-generating businesses.
Affordable Loan Amounts & Interest
Loans are available in small, flexible ticket sizes at competitive interest rates, making borrowing manageable for early-stage businesses.
Collateral-Free Financing
Mudra Loans do not require collateral or security, reducing barriers for first-time borrowers and small entrepreneurs.
Government Credit Guarantee Support
Loans are backed under government guarantee mechanisms, encouraging lenders to support micro-enterprise borrowers with reduced risk.
Promotes Financial Inclusion
The scheme brings formal financial services to underserved and unbanked populations who may lack access to traditional banking.
Flexible Repayment Tenure
Repayment periods can extend up to 7 years, allowing businesses adequate time to stabilize and generate returns.
Special Benefits for Women Entrepreneurs
Women borrowers may receive concessional interest rates and priority lending support to encourage women-led enterprises.
Refinance Support for Lenders
Through Micro Units Development and Refinance Agency Limited, banks and financial institutions receive refinance assistance, increasing credit flow to small businesses.
Micro Credit for Self-Employment
Individuals or groups seeking self-employment through micro-enterprise activities can access funding under the Micro Credit Scheme.
Supports National Manufacturing & Enterprise Growth
Mudra complements initiatives like Make in India by encouraging small manufacturing, services, and trading businesses.
Dedicated for Business Purposes
Funds are intended specifically for productive, income-generating activities — ensuring capital is used for enterprise development.
Eligible for Indian Citizens
Indian citizens aged 18–65 engaged in non-farm income-generating activities can apply under the scheme.
Overall, Mudra Loans provide accessible, collateral-free, and government-supported financing that empowers small entrepreneurs, promotes self-employment, and strengthens India’s micro-enterprise ecosystem.
Documents
Provide the following KYC documents for evaluation of your loan-worthiness
- PAN Card.
- Salary Slips (Last 3 months).
- Bank Statement of Salary Account
(3/6 months). - Address Proof.