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Pradhan Mantri MUDRA Yojana (PMMY) Loan Guide

PMMY MUDRA loans provide institutional credit to non-corporate, non-farm micro and small enterprises across trading, manufacturing, and service activities without requiring collateral.

Written & Reviewed By:Acharya Small Business Advisory|Chartered Accountant (ICAI)
Last Updated: September 2026

Disclaimer: This content is for general informational purposes only and does not constitute personalized legal or financial advice. For specific tax filings or audits, consult our qualified accountants directly.

3 Categories of MUDRA Loans

  • • Shishu: Covering business setup loans up to ₹50,000 for startup micro-vendors.
  • • Kishore: Covering loan requirements above ₹50,000 and up to ₹5 Lakhs for machinery or working capital.
  • • Tarun / Tarun Plus: Covering loan requirements from ₹5 Lakhs up to ₹10 Lakhs (and enhanced ₹20 Lakhs for established enterprises).

Essential Documentation Checklist

  • • Duly filled MUDRA loan application form.
  • • Business identity & address proof (GST, Udyam, Trade License).
  • • Last 6 to 12 months bank account statements.
  • • Estimated Balance Sheet and P&L for loans exceeding ₹2 Lakhs.

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