PM Mudra Loan Scheme: Instant Business Loan Upto Rs. 10 Lakh, Eligibility, Documents & Easy Process

PM Mudra Loan Scheme: The government of our country is giving a loan of up to Rs 10 lakh under the Pradhan Mantri Mudra Loan Yojana to all the needy people to start their own business. If you also want to start a business, then you will also be given the benefit of loan under the Pradhan Mantri Mudra Loan Yojana. Through this scheme, all of you can get a loan of Rs 5 lakh to Rs 10 lakh.

All the people applying under the Pradhan Mantri Mudra Loan Yojana will be given a loan by the banks keeping in mind some easy conditions. If you want to do business but are not able to do business due to lack of money, then there is no need to worry because by applying in Pradhan Mantri Mudra Loan Yojana you will be able to start your own business. If you also need a loan, then all of you can apply online for Pradhan Mantri Mudra Loan Yojana.

If you also want to take a loan by applying under Pradhan Mantri Mudra Loan Yojana, then you will need many documents to apply for the scheme. But if you do not have any information about Pradhan Mantri Mudra Loan Yojana, then today we are going to tell you everything about this scheme through this article. So that all of you can easily take loan for your business.

PM Mudra Loan Scheme Overview

Article Name	PM Mudra Loan Scheme
Who started the scheme?	Prime Minister Narendra Modi
Launch Date	8 April 2015
Beneficiaries	All small business owners
Loan Amount	Rs 5 lakh to Rs 10 lakh
Application Process	Online
Official Website	https://www.mudra.org.in/

Benefits of PM Mudra Loan Scheme

Every person applying under PM Mudra Loan Yojana will get benefit according to the following benefit amount.

• Through Pradhan Mantri Mudra Loan Yojana, all the needy people will be given a loan of Rs 5 lakh to Rs 10 lakh to start their own business.
• If you want to take a loan under Shishu Loan, then you will be given a loan of up to ₹ 50,000.
• If you want to take a loan under Kishor Loan, then you will be given a loan ranging from ₹ 50,000 to ₹ 5,00,000.
• If you want to take a loan under Tarun Loan, then you will be given a loan ranging from ₹ 5,00,000 to ₹ 10,00,000.

Eligibility Criteria for PM Mudra Loan Scheme

Every person applying under PM Mudra Loan Yojana must apply keeping in mind some easy conditions of the following banks.

• First of all, the person applying for Pradhan Mantri Mudra Loan Yojana must be a native of India.
• The minimum age of the person applying for this scheme should be 21 years.
• To apply in the scheme, every person must have all the documents required for the loan.

PM Mudra Loan Yojana 2024-25

Documents for PM Mudra Loan Scheme

• Aadhar Card & PAN Card
• Income Certificate
• Residence Certificate
• Age Certificate
• Business Related Certificate
• Mobile Number & E-mail ID
• Passport Size Photo etc.

How to Apply for PM Mudra Loan Scheme?

Every person applying online for PM Mudra Loan Yojana has to follow the following steps.

• To apply online for Pradhan Mantri Mudra Loan Yojana, first of all you have to visit the official website of the scheme.
• After this, you have to click on any one of the three options Shishu, Kishor and Tarun on the home page.
• Later the application form related to it will open in front of you.
• You have to download this form.
• Now all of you have to take a print out of the downloaded form.
• Later you have to fill all the important information asked in the application form.
• After this you have to attach all the necessary documents with the form.
• Later you have to submit this form to your nearest bank.
• After this, after your application form is accepted by the bank employees, the amount received under Pradhan Mantri Mudra Loan Yojana will be transferred to your bank account.

Important Links

Official Website	Click Here
Application Form	Click Here

FAQ