Prime Minister Mudra Loan Scheme 2023

Prime Minister Mudra Loan Scheme 2023 | PM Mudra Loan, Benefit, Eligibility, Apply Online | PMMY Application Form Download







Pradhan Mantri Mudra Loan Yojana 2023: Pradhan Mantri Mudra Loan Yojana (PMMY) was launched by the Government of India in April 2015 . The purpose of this scheme is to provide loans ranging from Rs.50000/- to ten lakh rupees through banks to small businessmen to start their new business or to expand the already started business. This is a poor loan scheme, under which the government has arranged to give loans to small businessmen on easy terms from the bank.

In this article, we have talked about all the points related to Mudra loan, such as – what is Mudra loan, what is the eligibility for it, what are the documents you need to provide, the maximum amount of Mudra loan you can get, etc. Can women also get Mudra loan? Etcetera. For detailed information about all these please read the article till the end.





Pradhan Mantri Mudra Loan Scheme 2023

Micro Units Development and Refinance Agency (MUDRA) loan scheme is a large-scale initiative of the Central Government, through which loans are given to individual (individuals), SME (small-to-medium enterprise) and MSME (micro small & medium enterprises). goes. Mudra Yojana has been divided by the government into three parts Shishu (starting up to 50000), Kishore (50001 – 5 lakh) and Tarun (500001 to 10 lakh). The loan amount can be given from minimum to maximum of Rs 10 lakh. The special thing about the loan given under this scheme is that the applicant is not required to give any kind of security for the loan.


Pradhan Mantri Mudra Yojana Brief Description (PMMY) 202 3

Scheme Name Pradhan Mantri Mudra Yojana

who started by the central government

when was it started April 2015

How much loan is given for the scheme. ₹5000 to ₹1000000/-

official website

toll free number 1800 180 11 11 / 1800 11 0001

Mudra Loan Application Form / Application Form Prime Minister Mudra Loan Application Form





What is the full form of MUDRA?

What is the full form of MUDRA? : Full form of MUDRA – Micro Units Development Refinance Agency or Micro Unit Development Refinance Agency. It is commonly called Pradhan Mantri Mudra Yojana (PMMY). This scheme was brought by the Ministry of Micro, Small and Medium Enterprises, Government of India, for small traders to start their new business or to increase their old business. Under this scheme, loans up to Rs 10 lakh are given by banks on easy terms.


Key points of Pradhan Mantri Mudra Yojana

Eligibility: All those women and men who are adults i.e. above 18 years of age are eligible for this scheme. Apart from this, you should not be a defaulter of any bank. It is mandatory for Mudra loan applicant to obtain credit information report in CIBIL/CRIF or EQUIFAX etc. If the credit score is not correct, the bank may refuse to give you a loan.

Nature of loan : The loan is sanctioned on annual renewal basis. It is given in the form of term loan and cash credit.

Purpose of loan : To provide employment and expand employment to small businessmen of unorganized sector, non-agriculture sector (which is not related to agriculture) and to provide loan or assistance by the bank.





Pradhan Mantri Mudra Yojana (PMMY) 2022-2023 Types of Mudra Loan

In how many ways Mudra loan can be given : Mudra loan is mainly divided into three categories Shishu, Kishor and Tarun. Which has been made by the government keeping in mind all the classes. The maximum loan given in this is the child.

SR NO loan type Amount contribution

1 infant Up to Rs.50000/- Zero

2 teenagers Rs.50,001/- to Rs.5,00,000/- 25%

3 youth Rs.5,00,001 to 10,00,000/- 25%


Eligibility for Mudra Loan

mudra loan eligibility: Pradhan Mantri Business Loan Yojana Mudra is very popular in rural and urban areas of India. Mudra loan is given for any business. If you do any small, medium or big business, then you are eligible to take loan under PMMY yojana. If you need money to grow your business, then you can easily take a loan through this scheme. If you are running a small business. So you will be given loan under Shishu Yojana. Its documentation process is very easy.

For identification, only Aadhaar card or any other identity card will be asked from you. Apart from this, you will have to give 2 guarantors and details of your business to the bank. Bank will easily give loan of 50000/- under Shishu Yojana. The loan will not be repaid to you in cash. The loan will be disbursed directly into the account of the shopkeeper from whom you buy goods for your retail shop.

You have to go to your nearest bank. Carry your Aadhaar card and other identity proof along with you. You may also be asked for business related details. If your CIBIL score is correct, then Mudra loan is easily available.





How to take loan on Aadhaar card?

Method of taking Mudra loan: Mudra loan is also known as Aadhaar card loan in rural area, and we can also call it another name Pradhan Mantri Business Loan Yojana. Because it is printed in newspapers and newspapers that the bank is giving loan on Aadhaar card, the bank has given loan on Aadhaar card. Actually the thing is that the process of taking Mudra loan has been made very easy by the government. If you run any small or big business then you will get Mudra loan easily.

If we talk about documents, only Aadhaar card is asked as proof of identity. Apart from this, two guarantors and the bank’s file are signed. Apart from this, no other special formalities are done. That is why Mudra loan is also called Aadhaar card loan.


Mudra Loan Apply Online 2023

Pradhan Mantri Loan Yojana Online Form : If you are planning to apply for Mudra loan online in 2022-23, and you want to apply online, then you can print the application form from the official website of various banks. For that online application process, you can visit the official website link given below. You can get information related to applying Mudra loan online from the official website of the bank.






If you want to take financial assistance in Pradhan Mantri Mudra Loan Yojana 2022. So there should be any bank branch near your house. The list is given below. You can apply for Mudra loan by visiting any of these banks.

Indian Bank Commercial Bank

Bank of India Commercial Bank

Andhra Bank Commercial Bank

Bank of Baroda Commercial Bank

Bank of Maharashtra Commercial Bank

Corporation Bank Commercial Bank

Syndicate Bank Commercial Bank

Central Bank of India Commercial Bank

Dena Bank Commercial Bank

IDBI Bank Public Sector Bank

Indian Post Payment Bank government bank

Punjab National Bank Commercial Bank

Indian Overseas Bank Commercial Bank

Punjab And Sind Bank Commercial Bank

state Bank of India Commercial Bank

UCO Bank Commercial Bank

Union Bank Of India Commercial Bank

United Bank of India Commercial Bank

Vijaya Bank Commercial Bank

Andhra Pradesh Rural Development Bank Grameen Bank

Baroda Gujarat Gramin Bank Grameen Bank

Andhra Pragati Gramin Bank Grameen Bank

Baroda Rajasthan Kshatriya Gramin Bank Grameen Bank

Baroda Uttar Pradesh Gramin Bank Grameen Bank

Bihar Gramin Bank Grameen Bank

Deccan Gramin Bank Grameen Bank

Chaitanya Godavari Gramin Bank Grameen Bank

Kerala Gramin Bank Grameen Bank

Himachal Pradesh Gramin Bank Grameen Bank

Aryavart Bank Grameen Bank

Dena Gujarat Gramin Bank Grameen Bank

Kashi Gomti Joint Rural Bank Grameen Bank

Cauvery Rural Bank Grameen Bank

Karnataka Vikas Grama Bank Grameen Bank

Maharashtra Gramin Bank Grameen Bank

Madhya Bihar Gramin Bank Grameen Bank

Malwa Gramin Bank Grameen Bank

Meghalaya Gramin Bank Grameen Bank

Pandian Grama Bank Grameen Bank

Narmada Jhabua Gramin Bank Grameen Bank

Marudhara Gramin Bank Grameen Bank

Pallavan Grama Bank Grameen Bank

Puduvai Bharathar Grama Bank Grameen Bank

Pratham Gramin Bank Grameen Bank

Pragati Krishna Gramin Bank Grameen Bank

Saptagiri Gramin Bank Grameen Bank

Punjab Gramin Bank Grameen Bank

Sarva Haryana Gramin Bank Grameen Bank

Sarva UP Gramin Bank Grameen Bank

Saurashtra Gramin Bank Grameen Bank

Sutlej Rural Bank Grameen Bank

Telangana Rural Bank Grameen Bank

Uttar Bihar Gramin Bank Grameen Bank

Tripura Gramin Bank Grameen Bank

Vidarbha Konkan Gramin Bank Grameen Bank


Eligibility for Pradhan Mantri Mudra Yojana

Any Indian citizen can apply for Mudra Loan.

The credit score of the applicant should be good. If the applicant has also taken any other loan from any other bank, and is not depositing it on time. In such a situation, his CIBIL or CRIEF score will decrease and banks will refuse to give you loan.

Where will you invest that money or what business/business are you going to start before taking the loan. You will have to tell this in writing to the bank.

Applicant should have Aadhaar card and PAN card.

For more information, you can visit the official website of PMMY.

Thus if you have all these eligibility then you are eligible for Aadhaar Mudra Loan. You can go to the bank and apply.






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