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HomeCentral Government SchemesPMMY - PM Mudra Yojana | PMMY Registration Process

PMMY – PM Mudra Yojana | PMMY Registration Process

PM Mudra Yojana is a scheme executed by our Honorable Prime Minister Shri Narendra Modi in year 2015. The Government of India aims to provide a loan amount of up to Rs 10 Lakh to the citizens of the country for starting their own small business. One who want to extend his business can also apply under scheme.

The Government of India has sanctioned a fixed budget of Rs 3 lakh Crore to run the scheme smoothly. The biggest advantage of PM Mudra Yojana is that while applying for a loan, No Processing Fee charge is being given by the applicant.

Also Check – Ladli Laxmi Yojana

Motive behind the Execution of PM Mudra Yojana:-

We have lots of people in our country who have talent and good ideas to set their business but due to financial problem, they can not build their business. To help those people, the Government has launched this scheme. Under this scheme, anyone can start his own business and become a self dependent and also create the employment opportunity for others.

Types of Loans Under PMMY:-

There are basically three types of loans provided under PM Mudra Yojana:-

  • Shishu Loan :- Under this, the beneficiary will Apply for the loan amount up to rs 50,000/-
  • Kishore Loan :- Under this, the beneficiary will apply for loans above Rs 50,000/- and up to Rs 5 Lakh.
  • Tarun Loan:- Under this, the beneficiary will apply for loans above Rs 5 Lakh and up to Rs 10 Lakh.

List of Banks/Partner Institutions to be partners of PM Mudra Yojana:-

To know the Bank/NBFC/MFI listed under PMMY – Click Here

Beneficiary under PMMY :-

  • Transport Vehicle
  • Food Products Sector.
  • Textile Sector.
  • Traders and Shopkeepers
  • Agri-related Activities.

Also Check – Yuva Swarozgar Scheme

Documents Required for PMMY:-
  • Age must be above 18 years.
  • Applicant should’t be a bank defaulter.
  • Applicant Aadhaar Card
  • Applicant PAN Card
  • Address Proof
  • Business Address
  • ITR (For previous 3 years)
  • Applicant Passport Size Photo.

Apply Under PM Mudra Yojana:-

If you want to apply under the PM Mudra Yojana, follow the below steps carefully:-
  • Visit the official website of PMMY.

  • You will see an option of Kisore, Shishu and Traun Loans on the homepage of the website.

  • Click on any of these.
  • Below page will open in front of you.

  • Choose the type of loan you want ( Kishore, Tarun and Shishu).
  • Click on Download option.
  • An application form will be downloaded, take a print out of this form.
  • Enter all the details asked and attach the relevant documents.
  • Once done, Submit the application form to the nearest bank.
  • You will get your loan amount with in one month.

Mudra Card :-

Beneficiary will also get a Mudra Card under this scheme. This Mudra card works like a Debit Card, one can use this card to withdraw the money from the ATM.

Helpline Number:-

Toll Free Number:- 1800-180-1111

State Wise Toll Free Number – Click Here



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