The Pradhan Mantri Mudra Yojana (Mudra Yojana) is a government scheme launched by the Government of India in 2015, aimed at providing financial assistance to small businesses and entrepreneurs. Under this scheme, individuals can obtain loans of up to Rs.10 lakh without requiring any collateral-to start or expand their business activities, such as setting up shops, small-scale industries, or service oriented ventures. This scheme is primarily designed to target micro and small enterprises, and it encourages self-employment among the youth, women, and the rural population. Based on the current stage of the business, the scheme offers three categories of loans: Shishu, Kishor, and Tarun. Overall, the Mudra Yojana plays a pivotal role in fostering entrepreneurship, reducing unemployment, and contributing to economic growth within the country.
Pradhan Mantri Mudra Yojana 2026 Overview - Check Application Status
- Scheme Name: Pradhan Mantri Mudra Yojana (Mudra Yojana)
- Launched by: Government of India in 2015
- Purpose: Provide loans to small businesses and entrepreneurs
- Loan Limit: Up to Rs.10 lakh
- Loan Types: Shishu, Kishore, and Tarun
- Implementation: Through banks, NBFCs, and microfinance institutions
- Main Goal: Promote self-employment and reduce unemployment
- Official Website: www.mudra.org.in
Objectives for Mudra Yojana 2026
Providing financial assistance to small businesses
Encouraging self-employment
Promoting entrepreneurship among the youth
Reducing unemployment
Supporting the growth of the MSME sector
Key Benefits for PM Mudra Yojana 2026
No collateral (security) required
Low interest rates (decided by banks)
Easy loan process
Available for non-corporate small businesses
Helps in business expansion
Loan Amount of PM Mudra Yojana 2026
Shishu Loan -
- Loan up to Rs.50,000/-
- For new or small businesses
Kishore Loan -
- Loan from Rs.50,000 to Rs.5 lakh
- For growing businesses
Tarun Loan -
- Loan from Rs.5 lakh to Rs.10 lakh
- For well-established businesses
Eligibility Criteria for Mudra Yojana 2026
- Must be an Indian citizen
- Age: 18 years or above
- Should have a business plan
- Small business owners, shopkeepers, vendors, artisans eligible
Documents Required for Pradhan Mantri Mudra Yojana 2026
Aadhaar Card
PAN Card
Address proof
Bank account details
Business plan or proof
How to Apply for PMMY Yojana 2026
- Visit nearest bank / financial institution
- Fill Mudra loan application form
- Submit documents (Aadhaar, PAN, business details, etc.)
- Choose loan category (Shishu/Kishore/Tarun)
- Bank verifies details and approves loan
- Loan amount is credited to your account
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