Pradhana Mantri Mudra Yojana (PMMY)

Introduction

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

  • 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

Types of Funding Support

  • Micro Credit Scheme (MCS) loans for up to INR 1 lakh finance through MFI’s
  • Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Scheduled Cooperative Banks
  • Women Enterprise Programme
  • Securitization of loan portfolio

Eligibility Criteria

Non–Corporate Small Business Segment (NCSB) comprising of millions of proprietorship / partnership firms running as small. Please click here for the Eligibility Criteria

  • manufacturing units
  • service sector units
  • shopkeepers
  • fruits/vegetable vendor
  • truck operators
  • food-service units
  • repair shops
  • machine operators
  • small industries
  • artisans
  • food processors
  • others, in rural and urban areas

Click here for the application form pdf

Documentation required when submitting with the application form

  • Self-attested Proof of Identity (Voter ID / Driving license / Aadhar card / Passport etc.,) Proof of Residence (Recent telephone bill / electricity bill / Voter Id / Aadhar card / Bank statement / Passport etc.,)
  • Loan applicant’s recent Photograph (2 copies)
  • Quotation of Machinery / other items to be purchased (if any)
  • Name of supplier / details of machinery / price of machinery and / or items to be purchased
  • Proof of Identity / Address of Business Enterprise, copies of relevant Licenses / Registration Certificates / other documents pertaining to the ownership identity and address of business unit (if any)
  • Proof of category like SC / ST / OBC / Minority etc., (if applicable)

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