Apply for MUDRA loan

The Prime Minister of India launched Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015. Under the MUDRA loan scheme, the small and medium enterprise can avail a business loan of up to Rs. 10 lakhs. Following are the business ventures that can apply for MUDRA loan:

  1. Small manufacturing units

  2. Fruit & vegetable sellers

  3. Artisans and shopkeepers

  4. Businesses involved in agricultural activities, such as dairy, livestock, poultry, pisciculture, fishery, etc.

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How to apply for MUDRA Loan?

The applicants will have to follow the following steps to apply for MUDRA loan online:

  • Step 1: Arrange for all the required documents for MUDRA loan. The applicant would need to attach identification proof, address proof, and business proof with the Pradhan Mantri MUDRA Yojana application form.

  • Step 2: Approach the Financial Institution: borrowers can apply for MUDRA loan with the banks and financial institutions that offer MUDRA loan.
    Step 3: Fill the Loan Application Form: the applicants next have to fill the MUDRA loan application form and furnish all the required information (personal and business). Also, finalise the amount that needs to be availed under the MUDRA loan scheme.

Types of MUDRA Loans

There are the following three types of MUDRA loans:

  • Under the Shishu loan category, the applicants can avail a loan of up to Rs. 50,000 to start their business or during its early stages.

  • The Kishor loan covers loans ranging from Rs. 50,000 to Rs. 5 lakhs. It is offered to businesses looking for additional funding.

  • Under Tarun loan category, the applicant can avail a business loan ranging from Rs. 5 lakhs to Rs. 10 lakhs.

If the applicant meets all the Mudra loan eligibility criteria as laid under the PMMY scheme, the loan application will be approved. 

There are several NBFCs such as ZipLoan in the market that offer a similar credit facility which can be applied online effortlessly. Such business loans come at easy to meet eligibility criteria and minimal documentation and can be used for various business requirements like to buy machinery, pay wages, or increase working capital. Applicant can use our business loan eligibitly calculator to check their business loan eligibility.


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