Apply for mudra loan

Under the scheme, the Pradhan Mantri mudra yojana (PMMY) loan is provided by several banks and NBFCs (Non-Banking Financial Companies). This is divided into 3 categories based on the amount of the loan that can be borrowed:

• Shishu loans upto ₹50,000
• Kishore loans from ₹50,000 upto ₹5 lacs
• Tarun loans from ₹5 lacs upto ₹10 lacs

You can fill your online as well as offline application form for either the Shishu, Kishore, or Tarun loan scheme, it totally depends upon your needs and the scale of your business plan.  

Simple steps to apply for a Mudra loan online: 

• Visit the official website of the PMMY-authorized financial institution from which you wish to avail yourself of the Mudra loan, Download the relevant form  
• Enter personal and business details like your name, date of birth, residential/business address, educational qualifications, etc. 
• Submit the application form, attached documents are processed and verified,  
• The loan will be approved and disbursed into your bank account.  

You can opt for the offline process 

• Visit a PMMY-authorized bank or NBFC of your choice.
• Ensure you have a self-written business plan.
• Ask for the Mudra loan application form and fill in the required details.
• Submit the application form along with passport-size photographs and the documents.  
• Once all the documents have been verified successfully, the loan will get approved, and the desired amount will be credited to the mentioned bank account.