Pradhan Mantri Mudra Yojana (PMMY)
Ministry of Finance
PMMY helps small businesses and entrepreneurs get collateral-free loans so they can start, run, or expand income-generating activities. MUDRA is a refinancing Institution. It provides loans of up to ₹20 lakh to income generating micro/small business entities engaged in trading, manufacturing, service, activities allied to agriculture, poultry, farming etc.
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Who can apply
Individuals, Proprietary, Partnership Firm, Private Ltd. Company, Public Company, any other legal forms.
How to prepare
Mudra loans are available at all bank branches across the country. Mudra loans are also issued by NBFCs / MFIs who are engaged in financing for micro enterprises in small business activities. • It can also be applied through the Jan Samarth Business Loan Portal (https://www.jansamarth.in/business-loan-pradhan-mantri-mudra-yojana- scheme) or Udyamimitra portal (www.udyamimitra.in).
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