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PMMY

PMMY

Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through JanSamarth portal (www.Jansamarth.in). Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

For more details click here

  • Nature of Facility : Working Capital and Term Loan
  • Purpose : Business purpose, capacity expansion, modernization
  • Target Group : Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.
  • Quantum of loan (Min/Max)
    • Maximum loan amount : Upto Rs 10 lacs
    • Loans upto Rs.50,000 are categorised as SHISHU
    • Loans from Rs.50,001 to Rs.500,000 are categorised as KISHORE
    • Loans from Rs.500,001/- to Rs.10,00,000/- are categorised as TARUN
  • Margin (%)
    • Upto Rs. 50,000/- Nil
    • Rs. 50,001 to Rs. 10 lacs: 20%
  • Pricing : Competitive Pricing Linked to EBLR
  • Repayment Period
    • TL/Dropline OD - below Rs. 5 lakh : Max. 5 years including maximum moratorium period of upto 6 months.
    • TL/Dropline OD - From Rs. 5 lakh to Rs. 10 lakh : Max. 7 years including maximum moratorium period of up to 12 months.
  • Processing Fee/Upfront Fee 
    • Nil for Shishu and Kishore to MSE Units
    • For Tarun: 0.50%(plus applicable tax) of Loan amount

Customers can login and apply for Mudra loans on following Bank specific URL. https://jansamarth.in/apply/sbi


Eligibility Criteria

  • Existing & New units

Other Conditions

  • The loans under Mudra Scheme are guaranteed by Credit Guarantee for Micro Units (CGFMU) and the same is provided through National Credit Guarantee Trustee Company (NCGTC).
  • The guarantee cover is available for five years and hence for advances granted under Mudra Scheme the maximum period is 60 months.
  • Leads are now available in Udyami Mitra Portal (www.udyamimitra.in). Site can be accessed by Branches with Username and Password
  • All Branches to issue MUDRA RuPay Card for all the eligible CC accounts...

Success Stories


Last Updated On : Wednesday, 03-12-2025

Interest Rates

7.25%* p.a. onwards

w.e.f. 01.04.2026

*T&C Apply.

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