What is PM Mudra Yojana? How to get loan up to 10 lakhs to start your business

What is PM Mudra Yojana? How to get loan up to 10 lakhs to start your business

PM Mudra Yojana – In this time there will be many people who want to start their own business but they do not have enough money to start any of their business and neither is getting any loan from the bank.

So today I am going to tell you about the benefits of such a scheme by which you can get a loan of up to 10 lakh rupees and without any guarantor and security deposit, I am going to tell you all here PM Mudra Yojana ( PMMY),

If you also want to start any kind of business and in this case, you need some money help, then you can take advantage of this scheme launched by the Government of India.

I am going to give you complete information about PM Mudra Yojana, so you can read this post well and you must share it and people so that this information can be reached to them also.

Full-Form Of PMMY

The full form of PMMY is Pradhan Mantri Mudra Yojana (Pradhan Mantri Mudra Yojana) and is called Pradhan Mantri Mudra Yojana in Hindi, and its full name is Micro Units Development & Refinance Agency Ltd. is.

What is PM Mudra Yojana?

Among the many schemes launched by the Prime Minister of our country, Shri Narendra Modi, this is a scheme named PM Mudra Yojana and it was started on 8 April 2015. If your people want to do their business and they need money, then with the help of this scheme, they can get a loan of up to 10 lakhs easily and those people can avail of the scheme.

If we go to take a loan from the bank, then we have to do a lot of paperwork there and to take a loan with it,

There should be a Guarantor and some Security Deposit also has to be done.

So in this scheme, we can get a loan of up to 10 lakhs without any Guarantor and Security Deposit.

Types of PM Mudra Yojana: –

According to our needs, PM Mudra Yojana is mainly divided into three parts. All the money that we have to take a loan is divided into three parts.

Shishu: – Covering Loans Up To ₹ 50,000

Kishore: – Covering Loans Above ₹ 50,000 And Up To ₹ 5,00,000

Tarun: – Covering Loans Above ₹ 5,00,000 And Up To ₹ 10,00,000

If you are taking a loan up to 5 lakh rupees, then you do not even need to give any processing fees in it,

And if you take Tarun Scheme, then you have to pay around 0.5% Processing Fees.

And because of COVID-19 at this time, the government will also get a 2 percent subsidy on Shishu Scheme, it will be available for the next 12 months.

Mudra Yojana Eligibility: –

Let us now know that if we want to take this loan, what is its Eligibility Criteria?

If you want to do any business or startup, then you can get a loan from here.


If you want to take a loan for Individual Firm or want to take a loan in Partnership Firm.

You will get a loan easily, just your CIBIL SCORE should be good.

Note: – All kinds of business can be got except agriculture loans for agriculture. Loan for farming is not available here because of this because the government has started a lot of different schemes for the farming people.

Important Documents for PM Mudra Yojana: –

If we have to get any work done by a bank, then some of our important documents are mandatory for that. In the same way, we will need these documents to take Mudra Yojana.

  • Mudra Application Form
  • BIL Application Form
  • Photo Identity Proof (Not Older Than 6 Months)
  • Address Proof
  • Establishment Proof
  • Bank Statement (Last 6 Months)
  • Ownership Proof Of Residence / Office
  • Proof Of Continuity Of Business
  • Proof of qualification
  • Trade References
  • 2 Years ITR
  • CA Certified Financials

If you have all these documents, you are also eligible to take this loan.

Mudra Yojana Interest Rate

There is no fixed interest rate for taking this Mudra Loan, this thing can be different in all banks, it depends on which bank you are from, then you will get the interest rate of this loan (8-9) % can happen till.

And as I told you that if you take a loan of up to Rs 5 lakh, then you can get 2% relief due to COVID-19, and it will be available only for the next 12 months.

You people may have a question coming to mind that how long this loan can be available. So according to which you need, you can get this loan for 1 year to 5 years.

How to apply for the Mudra scheme?

You can get information about Mudra Loan by going to any bank, the facility of taking Mudra Loan is available in almost all banks, it is very important to have all the necessary documents.

If you apply to take this Mudra Loan, then you have two ways that you can easily take a loan using it.

So the first way comes that you can apply for a loan by going to the bank and the second way is that you can apply for a Mudra Loan right from your home.

I will tell you here how to apply online for taking Mudra Loan? So I will not be able to tell you. You need to follow the below video, so I have embedded a video for you, after seeing that you will understand better how to take this loan.

So you have to register first on this website  Https://Site.Udyamimitra.In/Login/

After filling the form, if all your documents are correct and the bank will get you the approval for this loan and after that, you will also get this loan.

Read this also: –

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So, friends I hope, you must have liked this post, if you have liked the post then definitely share this post so that more people can also get information about PM Mudra Yojana.

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