Pradhan Mantri Mudra Yojana: Apply Now

Prime Minister Narendra Modi started the Pradhan Mantri Mudra Yojana Scheme in the year 2015. With this yojana government provides loans up to ₹ 1000000 (10 Lakhs) to start their business. Those who want to do this can take advantage of this scheme, along with this, women are also given loans on priority basis in this scheme.

Pradhan Mantri Mudra Yojana

Name Of The Article	Pradhan Mantri Mudra Yojana: Apply Now
Name Of The Scheme	PM Mudra Yojana Application 2023
Type Of Article	Government Scheme
Who Can Apply	All India Applicants
Loan Amount	50,000 To 10 Lakh
Apply Process	Online + Offline
Official Website	Click Here

Documents For PM Mudra Yojana:

1. Aadhaar Card
2. Pan Card
3. Bank Account
4. Domicile Certificate
5. Birth Certificate
6. Passport size Photo
7. Mobile Number

Types of PM Mudra Yojana:

There are three types of PM Mudra Yojana schemes, namely Tarun, Kishor, and Shishu.

Name of Scheme	Loan Amount
Shishu: PM Mudra Yojana	Up to Rs.50,000
Kishor: PM Mudra Yojana	Rs.50,000 to Rs.5 lakh
Tarun: PM Mudra Yojana	Rs.5 lakh to Rs.10 lakh

Benefits of Prime Minister Mudra Yojana

• Banking and financial services can be availed in both rural and urban areas.
• Financial backing can be obtained by micro-small businesses and start-ups.
• Business loans can be taken for small amounts at affordable interest rates.
• Women borrowers can avail the loan at discounted interest rates.
• Food vendors, shopkeepers, and other small business owners can make the most of this scheme.
• Refinance schemes can also be availed with designated lenders.

PM Mudra Yojana can also be availed for following activities

1. For commercial vehicles – E-rickshaw, goods vehicle, auto rickshaw, tractor trolley, trailer, etc.
2. For service center – Repair shop, dry clean, medicine shop, photocopy shop, gym, tailoring shop, salon etc.
3. For traders and shopkeepers – Traders and shopkeepers, for shop service, entrepreneurial trade and other business activities
4. Agriculture Activities – animal husbandry, bee keeping, agriculture industry grading, poultry farm, agriculture clinic, agriculture business, food and agriculture processing unit, fisheries, dairy etc.

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