PM Mudra Loan Scheme : Pradhan Mantri Mudra Loan Yojana Centre The government has a scheme in which people involved in non-corporate non-agricultural small or micro enterprises can get loans up to Rs 20 lakh to start or expand their business. The scheme was launched on 8 April 2015. Loans available under PM Mudra Loan Scheme can be availed only for business purposes. Let us tell you that under this scheme, about 23.2 lakh crore rupees have been given in 40.82 crore loan accounts till March 2023. About 68 percent of these accounts belong to women entrepreneurs.
PM Mudra Loan Yojana 2025
| Scheme Name | PM Mudra Loan Yojana |
| Launched Date | 08 April 2015 |
| Loan amount | 20 Lakh Rupees |
| Article Type | Loan |
Rules for Availing Loan
If any unemployed youth wants to start his own business or expand his already running business and wants to take a loan then some important conditions have to be fulfilled for PM Mudra Loan.
- The age of the applicant should be 18 years or above to take loan under Pradhan Mantri Mudra Loan Yojana.
- The borrower should not already be a defaulter of any bank.
- The borrower should have a good credit record.
- The borrower has to submit his detailed business plant and project report to the bank.
- Apart from this, details of income tax return, Aadhaar card, PAN card, proof of permanent address and business for loan.
Loan amount
- શિશુ કેટેગરી : 50000 રૂપિયા સુધીની લોન
- કિશોર કેટેગરી : 50,000 થી ₹5 લાખ સુધીની લોન
- તરુણ કેટેગરી : પાંચ લાખ થી 20 લાખ રૂપિયા સુધીની લોન.
લોનની કેટલી કેટેગરી છે?
- શિશુ કેટેગરી
- કિશોર કેટેગરી
- તરુણ કેટેગરી
How long does it take to get the loan approved?
Loans are sanctioned within a week to ten days after submission of all required documents. However, no subsidy is provided in Mudra Loan Scheme.
how many years should the loan be repaid?
- Loan amount repayment period available under Pradhan Mantri Mudra Loan Yojana is up to five years.
- It does not require any kind of guarantee or security by the bank or lending institution.
- Pradhan Mantri Mudra Loans are offered by commercial banks, RRBs, small finance banks and NBFCs.
Important link
| Official Website | Click here |
| Visit Homepage | Click here |
