Pradhan Mantri Mudra Loan Yojana is a scheme in which financial assistance is provided to small and medium entrepreneurs i.e. startup and personal businessmen at very minimum interest rates without interest. Any small entrepreneur, personal businessman or startup person can get a loan of ₹ 50000 to 20 lakh rupees through Pradhanmantri Mudra Loan Yojana 2025.
The sole purpose of launching this loan scheme by Prime Minister Modi is to make people’s dream of their own private business come true. Let us know what are the eligibility criteria required for Pradhan Mantri Mudra Loan Yojana, necessary documents, credit, categories and application process of the loan.
Pradhanmantri Mudra Loan Yojana 2025
Pradhanmantri Mudra Loan Yojana was started by Prime Minister Modi on 8 April 2015 so that entrepreneurship develops in the country and people are encouraged to do self-employment. Through Pradhanmantri Mudra Loan Yojana 2025, financial assistance is given by the government to Micro Small and Medium Enterprises i.e. MSME.
Pradhan Mantri Mudra Loan Yojana is made available to you through Non-Banking Financial Company i.e. NBFCs, banks and other financial institutions. The main objective of providing this type of convenient loan by the Central Government is to benefit small businesses, self-employed professionals and people associated with the MSME sector.
PM Mudra Yojana 2025 Overview
| Loan Yojana Name | Pradhan Mantri Mudra Loan Yojana 2025 |
| Interest rate | Low interest or zero Interest |
| Loan Category | Shishu Kishor or Tarun |
| MUDRA stands for | Micro units development and Refinance Agency |
| PM Mudra Loan Yojana launch in | 08 April 2015 |
| Year | 2025 |
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PM Mudra Yojana Eligibility
If you also want to get the benefit of Pradhan Mantri Mudra Loan Yojana 2025, then for this it is very important for you to fulfill the following eligibility conditions. First of all, it is mandatory for the applicant to be a resident of India. That is, you must have an Aadhar card. According to the second condition of PM Mudra Yojana Eligibility, your age should be more than 18 years. According to the third condition, you should have a non-agricultural business.
The applicant applying should have a savings account in any bank linked to Aadhaar. The last and most important information is that you should not have been declared a defaulter or bankrupt by any bank.
PM Mudra Yojana Important Documents
- While applying for Pradhan Mantri Mudra Loan, keep in mind that you must have the following documents, only then your application is possible for Pradhan Mantri Mudra Loan Yojana 2025.
- You must have Aadhar card, PAN card, driving license or voter ID card for identity proof.
- Aadhar card should be electricity or water bill or rent agreement for proof of address.
- There should be a copy of ITR of last two to three years.
- You must have a savings account open in any bank linked to Aadhaar card.
- Under PM Mudra Yojana Important Documents, GST registration or Udyam registration must be done for business proof.
How to Apply in PM Mudra Yojana 2025
- To apply for Pradhan Mantri Mudra Loan Yojana, you can use any process offline or online.
- First of all, you should visit the official website of any bank and download PM Mudra Yojana 2025 form.
- After downloading the form, you should fill in your personal information and choose the nature of business and category of loan amount.
- To apply for Pradhan Mantri Mudra Loan Yojana 2025, you should submit this form and documents online.
- After submitting the form online, you get the application reference number.
- You should keep it with you safely. The application form and documents submitted by you will be reviewed by the bank.
- After completion of verification, the loan amount will be deposited in the bank account linked to your Aadhaar.
PM Mudra Yojana Offline Process
- You can also apply for Pradhan Mantri Mudra Loan Yojana offline. In which you have to approach any NBFCs.
- From where you have to get the Mudra Loan Application Form along with a checklist.
- After this, you have to submit the original and photocopy of all your necessary documents.
- After successful verification, the loan will be transferred directly to your bank account.
PM Mudra Yojana Benefits
PM Mudra Loan Yojana gives you many important benefits. First of all, you get a loan without pledging any property. Women get the most benefit under this scheme, women work shoulder to shoulder with men in this scheme. PM Mudra Yojana Benefits gives interest-free loans to small businessmen and people seeking private employment.
In this scheme, you can apply with Udyam Registration and Aadhaar Based KYC. More than 48 crore loans have been sanctioned till the last financial year 2024 2025 and more loans will be issued in the new financial year 2025 through Pradhan Mantri Mudra Loan Yojana 2025.
PM Mudra Loan Yojana Category
- Pradhanmantri Mudra loan scheme is mainly divided into three categories. We keep the first category loan in the Shishu category in which the maximum loan amount is up to ₹ 50000.
- Under the PM Mudra Loan Yojana Category, the second category of loan is called the Kishore category, in which the loan amount ranges from ₹ 50001 to ₹ 500000.
- And the third category of loan is known as the Tarun category, in which the loan amount ranges from Rs 500001 to Rs 20 lakh.
- Shishu and Kishor category loans are given without interest or at lowest interest rate whereas Tarun category loan rate is decided as per the policies of the bank.
| Apply Online | mudra.org.in |
| Gurkulmahavidyalaya | Click Here |