Finance & Loans
Pradhan Mantri MUDRA Yojana - Micro Loans
Complete 2026 guide to MUDRA: ₹20 lakh crore loans to 50 crore small businesses under Shishu Kishore Tarun categories collateral-free.
Last updated: 3/8/2026
Overview
Why launched: 5.8 crore MSEs need formal credit. MUDRA (2015) provides loans up to ₹20 lakh via banks/NBFCs/MFIs without collateral.
Core Benefits: Shishu (₹50K), Kishore (₹5L), Tarun (₹10L). Credit guarantee fund. Digital MUDRA card. Women entrepreneurs 70% beneficiaries. By 2026, 52 crore loans disbursed.
Success Stats: 35% women, 50% SC/ST/OBC, MSME contribution 30% GDP.
Who is Eligible?
- Non-corporate non-farm enterprises
- Manufacturing/trading/services
- No existing NPA
- Turnover criteria category wise
- Group societies eligible
Documents Required
- KYC documents
- Business vintage proof
- Bank statement 6 months
- Project viability
- Collateral documents optional
How to Apply
- 1Step 1: Choose category Shishu/Kishore/Tarun
- 2Step 2: Apply bank/NBFC/MFI branch
- 3Step 3: Udyam registration (mandatory)
- 4Step 4: Loan sanction within 15 days
- 5Step 5: MUDRA card issuance
- 6Step 6: Repayment 84 months