PM Mudra Loan Yojana: If you are also unemployed and want to start your business or expand the existing business, then Mudra Loan Yojana is a great opportunity for you. Under this scheme, you can get a loan of ₹ 50,000 to ₹ 20 lakh at a low interest rate. Come, in this article we will give you complete information about Mudra Loan Yojana and tell how you can apply for it online in 2025.
What is Mudra Loan Yojana?
Pradhan Mantri Mudra Yojana is a major scheme launched by the Government of India, which aims to provide financial assistance to small and medium entrepreneurs. Under this scheme, individual entrepreneurs, small businessmen and self-employed people can get loans to start or expand their business.
Mudra loan is offered in three categories
- Shishu loan: Loan up to Rs 50,000
- Kishor loan: Loan from Rs 50,000 to Rs 5 lakh
- Tarun loan: Loan from Rs 5 lakh to Rs 20 lakh
Benefits of Mudra Loan Scheme
- Low interest rate: The interest rate on Mudra loan is much lower than other loans.
- Unsecured loan: Loans up to Rs 10 lakh do not require any guarantee or security.
- Flexible repayment: The loan tenure can be up to 5 years, and you can choose the EMI as per your convenience.
- Wide use: This loan can be used to start a business, buy machinery, purchase raw materials or for any other business requirement.
Eligibility for Mudra Loan
- The applicant must be an Indian citizen.
- The age of the applicant must be more than 18 years.
- The applicant must have a business plan.
- The applicant must have an account in any bank.
Documents Required for Mudra Loan
Identity Proof
Address Proof
Passport Size Photo
Business Plan
Bank Account Details
How to Apply for Mudra Loan Online?
First of all, visit the official website of Mudra Loan.
If you are applying for the first time, create a new account by clicking on the “Register” option.
Log in using your username and password.
Fill in your personal details, business plan, and other required details.
Upload scanned documents.
Submit the application after filling in all the details and uploading the documents.
Once your application is approved, the loan amount will be transferred to your bank account.