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Pradhan Mantri MUDRA Yojana (PMMY) - Shishu, Kishor, Tarun, Tarun Plus

Collateral-free loans for non-corporate, non-farm micro and small enterprises, given through banks, NBFCs and MFIs in four tiers up to Rs 20 lakh.

Run by

Ministry of Finance (Department of Financial Services) / MUDRA

Funding

Up to ₹20,00,000

Shishu: up to Rs 50,000; Kishor: above Rs 50,000 up to Rs 5 lakh; Tarun: above Rs 5 lakh up to Rs 10 lakh; Tarun Plus: above Rs 10 lakh up to Rs 20 lakh (for borrowers who have repaid a Tarun loan).

Who can apply

Non-corporate, non-farm micro or small enterprise (manufacturing, trading, services, allied agriculture)
No collateral required
Tarun Plus only for borrowers who have successfully repaid a Tarun loan

How to apply

Apply at any bank, RRB, small finance bank, NBFC or MFI branch, or online via the JanSamarth / Udyamimitra portal; MUDRA itself does not lend directly.

Last checked

2026-10-11

Official page ↗

BizGrantAI is an independent guide, not a government agency. Rules and amounts change, so always confirm on the official page before applying. We never charge for applications.