Pradhan Mantri Mudra Yojana 2023: The Pradhan Mantri MUDRA Yojana (PMMY), initiated by the Hon’ble Prime Minister on 8 April 2015, is designed to offer loans up to 10 lakh to non-corporate, non-farm small/micro enterprises. These are categorized as MUDRA loans under the PMMY scheme. Various financial institutions, including Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks, Microfinance Institutions (MFIs), and Non-Banking Financial Companies (NBFCs), provide these loans. Borrowers can either approach these institutions directly or apply online via the portal www.udyamimitra.in.
PMMY under MUDRA has developed three distinct products: ‘Shishu’, ‘Kishore’, and ‘Tarun’, each representing different stages of growth and funding needs of the beneficiary micro unit or entrepreneur. This structure also serves as a framework for the beneficiaries’ future growth and progression. Applicants now have the option to apply online for MUDRA loans through the Udyamimitra portal (www.udyamimitra.in).
Pradhan Mantri Mudra Yojana (PMMY) 2023
To apply for a PMMY loan under the Pradhan Mantri Mudra Yojana, you can navigate through the Bajaj Markets Mudra loan application process. The PMMY system provides Mudra loans through various financial institutions. Each of the three categories within the PMMY scheme – Shishu, Kishore, and Tarun – cater to different stages of business growth and have specific eligibility criteria for Mudra loans.
You can apply online for Pradhan Mantri Mudra Yojana including the SBI Mudra Loan at www.mudra.org.in. The website provides information about the PM Loan Scheme application process, Mudra loan interest rates, required documents, and application forms for Pradhan Mantri Mudra Yojana. PM Mudra Loan Scheme by the Government of India provides loans to micro and small businesses up to Rs. 10 lakh to support their growth and development.
प्रधानमंत्री मुद्रा लोन योजना 2023 | PM Mudra Loan, Benefit, Interest rate, Apply Online Short Details
| Scheme Name | Pradhan Mantri MUDRA Yojana (PMMY) |
|---|---|
| PMMY Scheme Launched by | Hon’ble Prime Minister |
| The Mudra Scheme launched on | 8 April 2015 |
| PM Mudra Official Website | www.mudra.org.in |
| Mudra Loan Toll-Free Number | 18001802222 |
| Apply Mode | Online |
Pradhan Mantri Mudra Yojana (PMMY) 2023
PM Mudra Loan Online Apply 2023
Mudra Loan Yojana Kya Hai
The Mudra Loan Scheme is an initiative launched by the Government of India, which provides hassle-free loan facilities to the citizens. The distribution of Mudra loans under the Pradhan Mantri Mudra Loan Scheme began in 2015. It is important to note that the Government of India is offering different types of Mudra loans. Furthermore, we will discuss the different types of currency loans available.
Types Of Mudra Loan
Shishu Loan (Infant Loan)
- If you need a small amount of money, you can apply for a Shishu Loan. This loan is targeted at customers who require a lesser amount of funds.
- Under the Shishu Loan scheme, you can receive up to ₹50,000.
- The Shishu Mudra Loan can also be utilized for starting a new business.
Kishore Loan (Adolescent Loan)
- If your financial requirement exceeds ₹50,000, you can opt for the Kishore Mudra Loan by applying online.
- This Mudra Loan provides amounts ranging from ₹50,000 to ₹500,000.
Tarun Loan (Young Loan)
- For those who have established their business and wish to expand further, the Tarun Loan is an appropriate option.
- Under this category, customers can receive a Tarun Loan ranging from ₹500,000 to ₹1,000,000.
Mudra Loan Yojana Eligibility
- Ensure to check your eligibility if you wish to apply for a Mudra loan online.
- The Mudra loan is available to small business owners, proprietorship firms, small manufacturing factories, partnership firms, shopkeepers, fruit and vegetable vendors, truck drivers, etc.
| Eligibility | Age |
|---|---|
| Minimum age of eligibility | 18 years |
| Maximum age of eligibility | 65 years |
Mudra Loan Yojana Required Documents
- Mudra Loan Application Form
- Identity Proof
- 2 Passport Size Photo
- Income Certificate
- Caste Certificate
- Residence Certificate
- Address of Business
- Bank statement For the last 6 months
PM Mudra Yojana Loan Interest Rate
- Before applying for a Mudra Loan online, it’s essential to be aware of the interest rates for the Mudra Loan Yojana.
- It’s important to note that different banks offer varying interest rates for Mudra Loans.
How Long It Takes to Receive a PM Mudra Loan After Applying Online
- Once you apply for a Mudra Loan, the bank will thoroughly review all your documents.
- If you meet the bank’s eligibility criteria, the loan is usually sanctioned within two to four weeks.
- The loan disbursement process under the Mudra Loan Yojana may vary slightly between different banks, but the overall procedure remains similar.
How to Apply for a Mudra Loan Online at Any Bank
- First, research whether the bank you are interested in offers Mudra Loans.
- Along with this, gather information about the interest rates for Mudra Loans at the bank.
- Visit the official website of the bank or financial institution where you want to apply for the loan.
- On the homepage of the website, you’ll see various options. Click on the option to Apply for Mudra Loan Online.
Some Important Links
| PM Mudra Loan Scheme | Click Here |
| Mudra Loan Yojana Details Information | Click Here |
| Home Page | Click Here |