Pradhan Mantri Mudra Yojana (PMMY)
Collateral‑free loans for non‑farm micro enterprises up to ₹20 lakh via Shishu, Kishore, Tarun, and Tarun Plus
Quick Stats
About PMMY (Mudra)
PMMY facilitates collateral‑free credit to non‑farm micro and small enterprises through banks, NBFCs, MFIs, and other RBI‑regulated institutions, with refinancing support from MUDRA Ltd. [1][2]
Loans are categorized as Shishu (up to ₹50,000), Kishore (₹50,001–₹5 lakh), Tarun (₹5–10 lakh), and Tarun Plus (₹10–20 lakh, for borrowers who have successfully repaid Tarun), improving graduation across growth stages. [2][4][5]
Pricing and tenure are per lender policy and RBI caps where refinance applies; Mudra Card provides a RuPay OD facility for working capital with flexible drawdown and repayment. [2][5]
Collateral‑Free
No collateral security required; lending based on viability and lender policy within PMMY norms.
Graduated Tiers
Structured tiers from Shishu to Tarun Plus enable step‑up funding as the enterprise grows.
Mudra Card
RuPay debit/OD card for working capital; draw and repay flexibly to reduce interest burden.
Wide Sector Coverage
Eligible for trading, services, and manufacturing non‑farm activities per PMMY objectives.
Success Stories
"Graduated from Shishu to Kishore, expanded inventory, and added two machines with Mudra Card support."
Seema Gupta
Tailoring & Boutique
Funded: ₹2.5 Lakhs
"Tarun working capital top‑up stabilized seasonal cash flows and improved supplier terms."
Arun Traders
Electronics Retail
Funded: ₹9 Lakhs
"Tarun Plus enabled multi‑location rollout after clean repayment track under Tarun."
GreenBite Foods
Quick Service Kiosk
Funded: ₹12 Lakhs
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