Pradhan Mantri Mudra Loan Yojana (PMMY) Details ,Apply, Documents Required, Interest rates, Eligibility, Application Form

Pradhan Mantri Mudra Loan Yojna :What is the Prime Minister's currency plan and how you can take advantage of it?


Prime Minister Money Scheme is a currency loan undertaking which has been formulated to meet the financing needs of the non-corporate small business units of the country. This scheme is to provide financial assistance to small businesses which are very helpful in taking the lives of Indians towards development. Under this scheme, any small business can start a business by taking a loan.
This monetary scheme has been introduced by the government in accordance with the size of the business for Indians as well as three steps. Different steps have been made in phases, that is, you can call it a three-level plan.



  • Shishu loan provides financial support of up to Rs 50,000 to Indians.
  • Kishore Loan provides financial support of Rs 50,000 and Rs 5 lakh.
  • Tarun lone provides financial support of Rs 5 lakh to Rs 10 lakh.


shishu loan has been introduced for the beginning, while the loan loan has been introduced for those businesses which have already started and those who need financial help to establish themselves. Tarun Lone has been introduced for those businesses that are already established, but more financial assistance is required for business expansion.

Eligibility Criteria for Pradhan Mantri Mudra Loan

For all non-agricultural small businesses who generate income and require monetary assistance up to Rs 10 lakh, you can apply for this loan under the Prime Minister's Money Scheme, which will be launched under the Micro Unit Development and Refinancing Agency Scheme. has been done.

Bank participating in the Pradhan Mantri Mudra Loan scheme 



Banks who are willing to offer currency loans, have strict eligibility criteria. Public sector banks, state co-operative banks, micro finance institutes, non-banking financial companies and regional rural banks are allowed to participate and present currency loans. However, they all need to ensure:

  • They have a profit record for 3 years.
  • They have NPAs below 3% or 3%
  • They have a CRAR (Capital to Risky Asset Ratio) of at least 9%.
  • They have a net worth of at least 100 crores.
Unless these requirements are met by banks and non-banking companies, they will not be eligible for any currency loan offer to anyone.

The method for taking Pradhan Mantri Mudra Loan 


To take a money loan, an applicant (i.e., the borrower) first needs to offer the loan to his nearest bank and go to the bank personally with a business plan. Loan application should be presented with comprehensive business plan, as well as identity proof, address proof and passport photographs. Once all the papers are completed, the bank will review the business plan and requirement. Once the review is approved, the bank will approve the loan.


Key Features of Pradhan Mantri Mudra Loan Scheme 

मुCurrency is a common platform where financial institutions such as banks, RRBs, MFIs, NBFCs will meet the applicants who are interested in setting up their micro and small enterprises.
Currency loan is a government scheme that is the Prime Minister's money scheme, under which applicants can apply for loans for their small and micro enterprises.
Currency lone will only provide financial support to those enterprises, which are non-corporate small business segments. Under these sections, only owners, partnership firms, producers, machinery businesses and many more can be considered.

 Eligibility of Mudra Loans 


Under PMMY, you have to adhere to some eligibility criteria to avail the currency loan. Some of the following are:

The applicant should be an Indian citizen over 18 years old and must have a business plan to show him. The business plan should include structures, investment plans, nature of the product, marketing and future outcomes.

Nature of Industry The amount related to non-farm earning activity should not be more than 10 Lac and

And all the rules will be similar to the RBI guidelines and PMMY rules.

Pradhan Mantri Mudra Loan (Helpline, Toll Free, Customer care) Numbers

And at the end of the friends article, I would like to tell all of you that I have met a lot of people who demand toll free numbers related to this scheme, here we are providing toll free number related to this scheme. But you can call your problem by calling and get the complaint ID

National Toll Free Number 1800 180 1111, 1800 11 0001 


Visit the official website of this scheme to download more information and forms. Click Hare

Distributed by CSCPORTAL | Designed by Freecontant