Credit SchemeCentral
Pradhan Mantri Mudra Yojana
MUDRA provides loans under Shishu (up to ₹50K), Kishore (₹50K–₹5L), Tarun (₹5L–₹10L), and Tarun Plus (₹10L–₹20L) for non-farm micro enterprises.
Max BenefitUp to ₹20 Lakh (Tarun Plus)
Benefit TypeCollateral-free Business Loan
Project Cost Range₹50,000 – ₹20 Lakh
Timeline7–30 days via bank/NBFC
Check My Eligibility Key Benefits
- Shishu: loans up to ₹50,000.
- Kishore: ₹50,000 to ₹5 lakh.
- Tarun: ₹5 lakh to ₹10 lakh.
- Tarun Plus: ₹10 lakh to ₹20 lakh, for borrowers who have taken and repaid a Tarun loan.
- No collateral — loans are covered by the Credit Guarantee Fund for Micro Units (CGFMU).
Who Can Apply
- Non-farm income-generating micro enterprises in manufacturing, trading and services, including activities allied to agriculture such as dairy, poultry and bee-keeping.
- Individuals, proprietorships, partnerships and companies with a viable business plan and no loan default.
Eligible Business Types
ManufacturingServiceTrading
MSME Category Applicability
Micro
Eligible Industries
🏭 Manufacturing🍽️ Food Processing🧵 Textiles & Garments💻 IT & ITES🌾 Agri & Livestock Processing
How to Apply
- Apply at any bank, NBFC or micro-finance institution, or online through the Udyamimitra portal.
- Keep identity and address proof, a simple business plan and quotations for the assets to be bought.
Apply at: Udyamimitra portal
Required Documents
- Aadhaar
- PAN
- Business Proof
- Bank Statements
- Quotations
Stacking Compatibility
This scheme can be combined with the following for higher total benefits:
Common Rejection Reasons
- Agricultural activity
- Existing NPA
- Incomplete KYC
Subsidy Setu's DPR preparation process addresses all common rejection points before filing.