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Drive your business toward success with Mudra loans from the government. 

No processing fee | No collateral fees | Fast disbursal

Pradhan Mantri Mudra Yojna (PMMY) is launched by the government of India to support MSMEs and budding entrepreneurs. MUDRA stands for the Micro Units Development and Refinance Agency. Introduced by the honorable Prime Minister Narendra Modi on 8 April 2015 a loan that can serve the financial needs of businesses that are in manufacturing, servicing, retail and agriculture-allied activities. 

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Mudra Loan


Eligibility criteria

Age: The minimum age to apply for the mudra loan is 18 years and the maximum age for the same is 65 years. 

Loan amount: The scheme approves loan amount up to Rs. 10 lakh. 

Eligible business entities: Startups, Artisans, shopkeepers, vendors, manufacturers, MSMEs, Retailers, and Individuals. 

Citizenship: The borrower should be an Indian citizen with no criminal record. 

Eligible enterprises: Private and public companies, proprietorship (sole or partnership), LLPs, NGOs, Cooperative societies, and Trusts. 

Availed by:  Non-farm enterprises, businesses engaged in trading, manufacturing, and servicing domains. 

Applicants: No previous experience as a defaulter from banks or NBFCs. 

Documents Required

Submit the following documents along with the application form. 

1. Identity Proof (Self-attested copy): Voter ID, Driving License, PAN Card, Aadhar Card, Passport.

2. Residence Proof: Telephone bill, electricity bill, VoterID, property tax report (previous two months), Passport, proprietor bank statement of (proprietor, partner), Domicile certificate, any certificate issued by the government authority including local panchayat, municipality, etc. 

3. Recent photograph

4. Quotation of the machinery

5. Supplier name, machinery details, price, and items that are to be purchased. 

6. Proof of the address and identity of business enterprises. 

7. Proof the category (SC, ST, OBC, etc.) 


How to improve your Mudra Loan Eligibility?

Follow these tips to improve your Mudra Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.


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