[Online Apply] Pradhan Mantri Mudra Yojana (PMMY) 2024 Application Form for Bank Loan – प्रधानमंत्री मुद्रा योजना

Pradhan Mantri Mudra Yojana 2024 | प्रधानमंत्री मुद्रा योजना (PMMY) at mudra.org.in, udyamimitra.in | ਪ੍ਰਧਾਨ ਮੰਤਰੀ ਮੁਦਰਾ ਯੋਜਨਾ (ਪੀ ਐਮ ਐਮ ਵਾਈ) | pradhan mantri mudra yojana pdf | mudra loan interest rate | pradhan mantri mudra yojana application form 2023-24 | pradhan mantri mudra yojana helpline number | pm mudra loan apply online offline form | Pradhan Mantri Mudra Yojana (PMMY) in Hindi / English


Dear readers, the Pradhan Mantri Mudra Yojana / प्रधानमंत्री मुद्रा योजना (PMMY) is a special scheme by the central government of India through MUDRA (a subsidiary of SIDBI). MUDRA supports enterprises to provide loans for non-agricultural non-commercial income-generating activities to micro and small entities. It is subject to those firms which have credit needs of less than Rs. 10 lakhs. Udyamitra.in and mudra.org.in are the official websites of Pradhan Mantri Mudra Yojna.

The PM Mudra Loan Yojana Scheme 2023 will also help create a growth ecosystem for the small business sector. The interventions were named “Shishu“, “Kishor” and “Tarun” to denote the growth/development stage and financing needs of the small recipient unit/entrepreneur. Basically, MUDRA Yojana is a small business financing initiative in India.


रुपये के लिए बैंक ऋण के लिए प्रधानमंत्री मुद्रा योजना (PMMY) के लिए ऑनलाइन आवेदन करें। Udyamimitra.in पर 10 लाख, मुद्रा लोन योजना आवेदन पत्र पीडीएफ डाउनलोड करें mudra.org.in पर, बैंक से ऑनलाइन / ऑफलाइन, शिशू, किशोर, तरुण ऋण प्राप्त करें, पात्रता मानदंड, दस्तावेजों की सूची, प्रगति और पूर्ण विवरण देखें।

Pradhan Mantri Mudra Yojana / प्रधानमंत्री मुद्रा योजना (PMMY) Apply Online for bank loans amounting to Rs. 10 lakh on udyamimitra.in, download the Mudra Loan Scheme Application form PDF on mudra.org.in, take advantage of Shishu loans, Kishor, Tarun online / offline from banks, check eligibility criteria, list of documents, and full details.

CLSS Awas Portal (CLAP) at pmayuclap.gov.in – Pradhan Mantri Awas Yojana-Urban

Details of Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honorable Prime Minister on April 8, 2015, to provide loans of up to INR 10 lakh to non-commercial and non-agricultural small/micro-enterprises. These loans are classified as MUDRA under PMMY. These loans are provided by commercial banks, RRBs, microfinance banks, microfinance institutions, and non-bank financial companies. The borrower can contact any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in.

Under the auspices of PMMY, MUDRA has created three products, “Shishu“, “Kishor” and “Tarun” to denote the growth/development stage and financing needs of the recipient/entrepreneur small unit as well as provide a reference point for the next beneficiary in the graduation/growth stage.


MUDRA is a refinancing Institution. MUDRA does not lend directly to the micro entrepreneurs / individuals. Mudra loans under Pradhan Mantri Mudra Yojana (PMMY) can be availed of from nearby branch office of a bank, NBFC, MFIs etc. Borrowers can also now file online application for MUDRA loans on Udyamimitra portal (www.udyamimitra.in).

SBI E-Mudra Loan Online Apply | How to Get E-Mudra Loan | Interest Rates

How To Fill Loan Application Form Pradhan Mantri Mudra Yojana (PMMY) – Apply Online For A Bank Loan

The Mudra Loan Scheme aims to achieve development in a comprehensive and sustainable manner by supporting and strengthening partner institutions. Here is the complete process to apply online by filling in the Pradhan Mantri Mudra Yojana 2024 application form: –

  • The applicant can scroll down the home page and click on the “Mudra Loans” tab or directly click on the link here – https://www.udyamimitra.in/MudraLoan.
  • On this page, you can find complete loan information under PM Mudra Yojana.
  • Under the section “Apply for a Mudra Loan” or directly click on the link below – https://site.udyamimitra.in/Login/Register.
  • After that, PM Mudra Yojana’s online registration form will open on your screen.
  • Enter here the expected loan amount and specify the name of the scheme, then submit the Pradhan Mantri Mudra Loan Yojana online form.
  • Accordingly, enter all the details and click “Register” to complete the Pradhan Mantri Mudra Yojana online registration process.

How to log in to PMMY Portal for PM Mudra Yojana (PMMY) 2023 – PM मुद्रा योजना (PMMY) के लिए PMMY पोर्टल में कैसे लॉग इन करें

  • The applicant can scroll down the homepage and click on the option “Login to PMMY Portal” – http://pmmydata.mudra.org.in/.
  • After that, a page will open on your screen.
  • You can enter your username, password, and Captcha.
  • Then after clicking on the “Login” button.

Prime Minister Mudra Yojana Loan Application Form PDF Download – Offline Method

Pradhan Mantri Mudra Yojana (PMMY) is open and available from all bank branches across the country. All applicants can even download Prime Minister Mudra Yojana application forms in PDF format through the link provided: – https://www.mudra.org.in/Home/PMMYBankersKit.

PMMY Bankers Group to download order forms for Shishu, Kishor & Tarun components under Pradhan Mantri Mudra Yojana


MUDRA Loan Application Form for a Shishu Loan

Click on the download option in front of “Shishu Application Form” in PMMY Bankers Kit to open Shishu Loan Apply Offline Form PDF


MUDRA Loan Application Form for Tarun / Kishor Loans

Click on the download option in front of the “Kishor and Tarun Joint Loan Application Form” in the PMMY Bankers Kit to open the Kishor / Tarun Loan Apply Offline Form PDF


MUDRA Vision, Mission, and Purpose

  • MUDRA Vision – To be an integrated provider of financial services and support par excellence, in accordance with best practices and global standards, for the bottom of the hierarchical world for its comprehensive economic and social development.
  • MUDRA’s Mission – is to create an inclusive, sustainable, and value-based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security.
  • Purpose of MUDRA – Our primary goal is to achieve development in an inclusive and sustainable manner by supporting and strengthening partner institutions and creating a growth ecosystem for the small enterprise sector.

What is Pradhan Mantri MUDRA Yojana (PMMY) – प्रधानमंत्री मुद्रा योजना क्या है

Under the auspices of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products/schemes. Interventions are named ‘Shishu‘, ‘Kishore‘, and ‘Tarun‘ to denote the growth/development stage and financing needs of the recipient small unit/entrepreneur, as well as provide a reference point for the next phase of graduation/growth for consideration:


Shishu Loan (शिशु ऋण) [covering loans up to 50,000 rupees / -]

This stage will cater to entrepreneurs who are either in their primitive stage or need less money in order to start their businesses.

Kishore Loan (किशोर ऋण) [Covering loans above 50,000/- and up to 5 lahks]

This segment of entrepreneurs belongs to those who have already started their businesses and want additional funds to mobilize their businesses.

Tarun Loan (तरुण ऋण) [Covering loans above 5 lahks and up to 10 lahks]

If the entrepreneur fulfills the required eligibility requirements, he/she can apply for a loan of up to Rs. 10 lakhs. This will be the highest level of the amount an entrepreneur can make for a startup loan

With the aim of promoting entrepreneurship among the new generation of ambitious young people, more emphasis will certainly be placed on the units of the Shishu categories and then the Kishore and Tarun classes.

Within the framework of the business and the overall objective of the development and growth of the small enterprise sector under Shishu, Kishore, and Tarun, the products offered by MUDRA are designed to meet the requirements of different sectors / commercial activities as well as business sectors/entrepreneurs.


MUDRA funding support is of two types:

  • Micro Credit Scheme (MCS) to get loans of up to 1 lakh for financing through microfinance institutions.
  • Refinancing Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Small Finance Banks / Non-Bank Financial Companies (NBFCs).

Basic Eligibility Criterion

The work must be one of the following:

  • Small manufacturing enterprise
  • Shopkeepers
  • Fruit and vegetable vendors
  • Craftsmen or Artisans

Activities related to agriculture, for example, fish breeding, beekeeping, poultry and livestock, breeding, grading, and sorting, aggregation of agro-industries, dairy, fisheries, agricultural clinics, agribusiness centers, food, agricultural processing, etc. (excluding crop loans and land improvements such as canal, irrigation, and wells).

Loans under the MUDRA Scheme program can only be availed of through banks and lending institutions which include:

  • Public sector banks
  • Private sector banks
  • State-run cooperative banks
  • Rural banks from the regional sector
  • Institutions that provide microfinance
  • Non-bank financial companies

Apply for a MUDRA Loan

You can also apply for a Mudra loan online at the portal “Udyamimitra” (www.udyamimitra.in) by registering yourself and your application will be displayed by several lenders for credit support – apply here to register or call us at the national toll-free number 1800180 1111/1800 110001.

List of documents required for a Mudra Yojana Bank loan:-

  • Certified copy of Identity Proof such as Voter ID Card / PAN Card / Aadhar Card / Passport / Driver’s License.
  • Proof of residency that may contain a recent phone or electricity bill, or property tax receipt (no more than two months old).
  • The voter ID, Aadhar Card, and passport of the borrower can also be used as proof of residency.
  • Proof of SC / ST / OBC / Minority.
  • Copies of relevant licenses/registration certificates / other documents related to ownership, identity, and address of the business unit.
  • The applicant must not be a drop or defaulter in any bank / financial institution.
  • A statement of accounts (for the last six months) from the current banker, if any.
  • Unit balance sheets with income tax/sales tax return etc. for the past two years. (Applies to all cases of Rs. 2 Lacs and above).
  • Projected one-year balance sheets in the case of working capital limits and for the term of the loan in the case of term loan (applies to all cases from Rs. 2 Lacs and above).
  • The project report (for the proposed project) contains details of the technical and economic feasibility.
  • Sales generated during the current financial year up to the date of application.
  • Articles of Association of the company/partnership contract for partners etc.
  • A statement of assets and liability may be required from the borrower including directors and partners to find out the net worth in the absence of a third-party guarantee.
  • Two copies of photos of each owner/partner/manager.

Microcredit Scheme

The Micro Credit Scheme is mainly offered through Micro Finance Institutions (MFIs), which provide a credit of up to 1 lakh, for various small enterprise / small business activities. Although the delivery model may be through self-help groups / JLGs / individuals, loans are granted by MFIs to individual entrepreneurs for small business / small income-generating business activities.

Bank / NBFCs Refinancing Scheme

Various banks such as commercial banks, regional rural banks, small finance banks, and non-bank financial companies are eligible to benefit from MUDRA refinancing support to finance small enterprise activities. Refinancing is available for term loans and working capital loans up to 10 lakhs per unit. Eligible Banks / NBFCs, which comply with the requirements as notified, can take advantage of MUDRA refinancing for the loans they make for eligible MUDRA-compliant activities under the Shishu, Kishore, and Tarun categories.

In order to encourage women entrepreneurs, financing banks / MFIs may consider offering additional facilities, including lowering interest on their loans. Currently, the Ministry of Rural Development and Sustainable Development extends the interest rate cut by 25 basis points for MFIs / non-financial institutions. Banking, which provides loans to women entrepreneurs.

Purpose of the MUDRA Loan

The Mudra Loan is offered for a variety of income-generating and employment purposes. Loans are mainly offered for:

  • A commercial loan for sellers, merchants, shopkeepers, and other service sector activities
  • Working capital loan through MUDRA Cards
  • Equipment financing for small units
  • Transport vehicle loans – for commercial use only
  • Loans for agricultural non-farm income-generating activities, for example, fish farming. Beekeeping, poultry farming, etc.
  • The tractors and tillers plus two wheels are used for commercial purposes only.

Below is an illustrative list of activities that can be covered under the MUDRA loans:

1) Transportation vehicle

Purchase of freight and passenger transport vehicles such as auto-rickshaws, small cargo transport vehicles, 3-wheelers, auto-rickshaws, taxis, etc. PMMY. Two Wheelers used for commercial purposes are also eligible for coverage under PMMY.

2) Community, social, and personal service activities

Salons, beauty salons, gymnasiums, boutiques, tailoring shops, dry cleaning, bicycle, and motorcycle repair shops, DTP and imaging facilities, drug stores, courier agents, etc.

3) Food Sector

Activities such as papad making, achaar making, jam/jelly making, preservation of rural agricultural products, pastry shops, small serving food kiosks, daily catering services/canteens, cold chain vehicles, cold stores, ice-making units, ice cream making units Biscuits, bread, cakes, etc.

4) The textile sector/activity

Handloom, automatic loom, khadi activity, chikan work, zari and zardozi, traditional embroidery and handwork, traditional dyeing and printing, clothing design, knitting, cotton ginning, computerized embroidery, sewing, and other textile products such as bags and vehicles accessories, furniture accessories, etc.

5) Business loans to merchants and shopkeepers

Financial support for lending for individuals to manage their stores / commercial and commercial activities/service establishments and non-farm income-generating activities with a beneficiary loan size of 10 lakhs per institution/borrower.

6) Equipment financing scheme for small units

Establishing small enterprises by purchasing the necessary machinery/equipment with a loan size of 10 lakhs per beneficiary.

7) Activities related to agriculture

Activities related to agriculture, for example, fish breeding, beekeeping, poultry, livestock rearing, grading, sorting, agro-industry grouping, dairy, fisheries, agricultural clinics, and agribusiness centers, food and agricultural processing, etc. (excluding crop loans, Land improvement (such as canal, irrigation, and wells) and the services they support, which enhance livelihoods or generate income, will be eligible for coverage under PMMY in 2016-2017.


The MUDRA Card is a debit card issued against a MUDRA loan account, for the working capital portion of the loan. The borrower can make use of the MUDRA Card in multiple withdrawals and credits, so as to manage the working capital limit in a cost-effective manner and keep the interest burden minimum.

The MUDRA Card also helps digitize MUDRA transactions and create a borrower credit record. The MUDRA Card can be operated across the country to withdraw cash from any ATM / mini ATM and also make payment through any “Point of Sale” machines.


Create a Framework for “Small Business Financing Enterprises”

An enabling framework will be created to support “Small Business Finance Entities” leading to the formalization of the economy that is currently included in the informal sector.

Synergy with the “Made in India” campaign

The Government of India has taken several steps to encourage the establishment of enterprises in our country. Chief among them is the “Made in India” movement. Make in India is a major national program designed to facilitate investment, foster innovation, foster skill development, protect intellectual property, and build a best-in-class manufacturing infrastructure.

This coupled with the Start-up India and Stand-up India campaign has created a favorable environment for the establishment of enterprises at various levels. MUDRA, as an initiative to promote small enterprises, lends itself well to the Make in India initiative to support these small enterprises.

Synergies with the National Rural Livelihoods Mission / National Urban Livelihoods Mission

The National Rural Livelihoods Mission [NRLM] “was created to reduce poverty by enabling poor families to access gainful self-employment and skilled, remunerated work opportunities, leading to tangible improvement in their livelihoods on a sustainable basis, by building strong grassroots institutions of the poor. ” To achieve the above, NRLM’s mission pursues among other things a demand-driven strategy for continuous capacity building, transfer of needed skills, and creation of linkages with livelihood opportunities for the poor, including those emerging in the formal sector.

Likewise, the Deendayal Antodaya Yojana National Urban Livelihoods Mission is another program that aims to reduce urban poverty through the creation of small enterprises, individually and collectively.

MUDRA, as an initiative to promote small enterprises, will make all efforts to achieve synergies between NRLM, NULM, and MUDRA interventions to support small enterprises and create sustainable livelihood opportunities for the poor.

Synergy with the National Foundation for Skills Development

NSDC is already involved in the skills development process at the national level. Synergy with the NSDC MUDRA will help increase the skill sets of sector players.


MUDRA Pricing – PMMY

Getting financing is critical and so is the cost of financing to the National Central Bank / ultimate beneficiary. Funds mobilized by small units from unofficial sources are prohibitively expensive. There is room for cost savings. However, rationalization is intricately linked to the cost of funds for MFIs in the last mile.

While announcing the formation of MUDRA, it also announced a refinancing group for MUDRA that the Reserve Bank of India will allocate from its Priority Sector Lending Deficit. Accordingly, the Reserve Bank of India introduced the allocation that helps reduce the cost of lending at the level of the final borrower as MUDRA refinancing will reduce the average borrowing cost of the lending institutions

NBFC MFIs are currently being regulated by the Reserve Bank of India, and RBI has already set out detailed margin cap guidelines with respect to MFIs. The margin cap was tied at 10% for MFIs with a loan portfolio of over 100 crores and 12% for MFIs with a loan portfolio of fewer than 100 crores or 2.75 times the average base rate of five major commercial banks, whichever is lower. Given these guidelines and the fact that the MFI sector has been constantly trying to reduce its costs, MUDRA will also help MFIs reduce their costs to lower the total cost of the ultimate beneficiaries. Moreover, at the time of the evaluation, MUDRA will study/evaluate individual MFIs on this as well as other relevant criteria and price their assistance appropriately based on this evaluation.

In the case of banks, the Reserve Bank of India has also set a benchmark rate / MCLR rate cap for small unit lending by commercial banks by taking advantage of MUDRA refinancing. Likewise, RRB banks were granted an interest cap of 3.50% over the MUDRA refinancing rate while lending the PMMY loan by taking advantage of the MUDRA refinancing.

In the case of NBFCs, the RBI has also stipulated a 6% interest cap on MUDRA refinancing while they are lending to the MUDRA sector.

All of this is expected to have a positive impact on MUDRA loan pricing in the country as small businesses will be able to take advantage of the credit at a reasonable interest rate. But the first and foremost goal is to ensure access to credit.

Promotional Development and Support

Besides credit restrictions, Non-Commercial Small Businesses (NCSBS) face many non-credit challenges, such as,

  • Skills development gaps
  • Knowledge gaps
  • Information asymmetry
  • Financial/business literacy
  • Lack of growth direction

To address these limitations, MUDRA plans to adopt the incremental credit approach in the future and provide development and support services to its target audience. It will act as a market maker and build an ecosystem with the capabilities to deliver value in an efficient and sustainable manner.

PM Mudra Loan Yojana Helpline Number – Contact Details

Registered office and companies

  • CIN: U65100MH2015PLC274695
  • PMMY Toll-Free Numbers – Click Here
  • MUDRA Officers – MumbaiClick Here
  • Grievance Officers – Click Here
  • Bank’s Nodal Officer – PMMY Click Here
  • PMMY Mission Office Contact Details – Click Here
  • Email ID – help[at]mudra[dot]org[dot]in

Important Links – PM MUDRA Yojana (PMMY)

Official Website (mudra)Click Here
Official Website (udyamimitra)Click Here
Gallery Pics List – PMMYClick Here
FAQs PMMYClick Here
New Registration – udyamimitraClick Here
Application Form PDF DownloadClick Here
Download Availing MUDRA Refinance/Loan Click Here

Frequently Asked Questions (FAQs) – Pradhan Mantri MUDRA Yojana (PMMY)

What is a Mudra Scheme – PMMY?

MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution established by the Government of India to develop and refinance small unit enterprises. It was announced by the Honorable Minister of Finance during the presentation of the Federation’s Fiscal Year 2016 budget. The purpose of MUDRA is to provide financing to the non-corporate small business sector through various Last Miles financial institutions such as banks, NBFC corporations, and microfinance institutions.

Why was MUDRA prepared?

The biggest obstacle or bottleneck to the growth of Non–the Corporate Small Business Sector (NCSBS) is the lack of financial support for this sector. More than 90% of this sector does not have access to formal sources of financing. The Iraqi government is establishing MUDRA banks through statutory legislation to meet the needs of the NCSBS or informal sector for their inclusion in the mainstream.

Who are Eligible Applicants under PMMY?

Any individual including women, a privately held company, a partnership firm, a private limited company, or any other entity is a qualified applicant under PMMY loans, whose loan requirements reach 10 lakh.

What are the roles and responsibilities of MUDRA?

MUDRA will be responsible for refinancing all last-mile financiers such as non-bank finance companies, microfinance institutions, associations, trusts, division 8 firms [formerly Section 25], micro-finance banks, and regional rural banks that lend to small business entities / Micro operating in manufacturing, trade and service activities as well as allied agricultural activities. The Ministry of Rural Development will partner in development with financial intermediaries at the state / provincial level to provide financing to last-mile financiers of small / microenterprises.

What is the interest rate charged by MUDRA?

MUDRA is a refinancing agency that will expand its financing to last-mile financiers to enable them access to the sector. Accessing financing in conjunction with the rational price would be MUDRA’s Unique Customer Value proposition. It will use a variety of innovative financing methods including technology to reduce the financing cost for the ultimate borrower.

Do PMMY loans apply to all banks across India?

Yeah. The Department of Financial Services (DFS), in its letter dated May 14, 2015, informed all PSBs, RRBs, and microfinance banks regarding the PMMY launch and coverage of all loans up to 10 lakh loan size approved on or after 08 April 2015, to generate income on PMMY framework. The DFS has also issued various instructions including setting targets at the branch level for the main offices of banks, which have been advised to transfer them to their regional/sub-offices.

Is there any requirement to get life insurance for a MUDRA Scheme plan?

Life insurance is not mandatory for loans under PMMY. However, the terms and conditions of lending under PMMY are based on the lending policy of the respective lending institution.

What is the interest rate on MUDRA loans?

Interest rates have been liberalized and banks are advised to charge reasonable rates within the general guidelines of the Reserve Bank of India (RBI).

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