Pradhan Mantri Mudra Loan Yojana 2024, Know How To Apply

By Rajnish Kumar

Updated on:

Pradhan Mantri Mudra Loan Yojana 2024

Pradhan Mantri Mudra Loan Yojana 2024: You all are welcome, friends! If you are looking for a loan, you are at the right place. This scheme is a big good news for Indian citizens. Its objective is to provide loans ranging from five thousand to ten lakh rupees through banks to small businessmen for starting their new business or to promote their already running business. In this article we will look at all the details of Pradhan Mantri Mudra Loan Scheme, so stay tuned.

Pradhan Mantri Mudra Yojana was launched by the Prime Minister of India Narendra Modi on 8 April 2015 in New Delhi. This is a loan scheme for the poor, under which the government has thought of providing loans from banks to small traders on simple terms.

Pradhan Mantri Mudra Loan Yojana
Pradhan Mantri Mudra Loan Yojana

Under this scheme, the special thing is that these loans are completely collateral-free, which means you do not need to mortgage any property for it.

In this article, we will provide you all the important information about Pradhan Mantri Mudra Yojana, such as loan eligibility, application process, required documents, and other important information. All the points related to this have been explained in simple Hindi, so that you can take proper advantage of this scheme.

Pradhan Mantri Mudra Loan Yojana 2024

Scheme NamePrime Minister Mudra Loan Scheme
Launched ByCentral Government
BeneficiariesCitizens of the country
Budget3 lakh crores
BenefitsLoans up to 10 lakh
ObjectiveProviding loans
Application MethodOnline/Offline
Official Website

What is Pradhan Mantri Mudra Loan Scheme?

Pradhan Mantri Mudra Yojana has been started by the Government of India, under which any person gets a chance to start his own business. There is no processing fee for applying under this scheme and the process of obtaining this loan is free. The government has set a budget of Rs 3 lakh crore for this scheme, out of which loans worth Rs 1.75 lakh crore have already reached the destitute persons.

Under this scheme, a Mudra card is also provided, through which business transactions can be handled easily. By applying under Pradhan Mantri Mudra Loan Scheme, you can get a loan ranging from ₹ 50,000 to ₹ 10 lakh. There are three types of loans in this scheme, in which different amounts are provided. Let us know this in more detail.

Types of Prime Minister Mudra Loan Scheme

Friends, there are three types of Mudra Loan Scheme, in which different amounts are distributed.

  • Shishu Loan: Under this scheme, banks provide loans up to Rs 50,000. Its main objective is to provide support to small businesses.
  • Tarun Loan: To expand business and start new ventures, banks provide loans ranging from Rs 50,000 to Rs 5,00,000 under Tarun Loan.
  • Kishore Loan: Under this scheme, banks provide loans ranging from Rs 5,00,000 to Rs 10,00,000. This loan is to provide support to teen entrepreneurs in the development of their business.

There are necessary documents and requirements to benefit from this scheme, which a person can easily fulfil. This gives self-empowerment to local entrepreneurs and helps them in their development.

Objectives of PM Mudra Loan Yojana

Pradhan Mantri Mudra Yojana has brought huge benefits to the businessmen. Its main objective is to make Indian citizens self-reliant and strengthen the economic condition of their families. The mission of Mudra Yojana is to achieve prosperity and financial security, as well as promote an empowered society for social and economic development.

Under this scheme, business people get a golden opportunity to get loans without any potential hassles. The government is providing them financial assistance under the Mudra Loan Scheme, so that they will not need to borrow money from anyone. This will not only strengthen their business but will also improve the financial condition of the family.

Mudra Yojana has encouraged new entrepreneurs and taken steps towards prosperity. This is expected to bring prosperity at the social and economic level, thereby making us a prosperous and prosperous India.

Benefits of PM Mudra Loan Yojana 2024

From which banks are the benefits of PM Mudra Loan Scheme available?

We have prepared for you the list of banks which you are going to get loan under this scheme:

  • State Bank of India
  • Bank of India
  • ICICI Bank
  • Punjab National Bank
  • Union Bank
  • Bank of Maharashtra
  • Axis Bank
  • IDFC Bank
  • Dena Bank
  • Andhra Bank
  • Federal Bank
  • UCO Bank
  • Syndicate Bank
  • Karnataka Bank
  • Allahabad Bank
  • Bank of Baroda

Business category required for Pradhan Mantri Mudra Yojana

  • Proprietorship Firm
  • Partnership firm
  • Small and small scale manufacturing industrial production units!
  • Service sector company
  • Shopkeeper
  • Truck car driver owner
  • Hotel owner
  • Repair shop
  • Food Processing Unit
  • Rural industry

Eligibility for Pradhan Mantri Mudra Loan Yojana

  • To use PM Mudra Loan Yojana Scheme, the age of the applicant should not be less than 18 years.
  • The applicant needs to submit all the required documents.
  • Those starting small business and those who want to grow their small business are eligible for this scheme.
  • If the applicant has ever taken a loan before, then he will have to complete that loan first, only then he will get the benefit of Mudra Loan.
  • If you have all these eligibility criteria, you can also avail the benefits of this scheme.

Documents required for Pradhan Mantri Mudra Loan Yojana

  • PAN card
  • Aadhar card
  • identity card
  • Address of the business for which the loan is taken
  • passport photo
  • mobile number
  • Bank statement
  • If you file income tax and self tax return then copy it.

Official website of PM Mudra Loan Yojana

To get more information about this scheme, you can visit the official website of Mudra Loan Yojana:

Mudra Loan Yojana में आवेदन कैसे करें?

Friends, your wait is now over. To apply for PM Mudra Loan Yojana, you have to follow the steps given below:

Offline application for Mudra Loan Yojana

To get loan under Pradhan Mantri Mudra Yojana, you can also apply offline. For this follow the steps given below:

  • Selection of Bank: First of all, you have to select the public bank, private bank, cooperative bank, or rural bank located in your area.
  • Get the application form: After reaching the bank, you have to get the application form for Mudra Yojana from there.
  • Prepare necessary documents: To fill the application form, you need to carry your necessary documents along with you.
  • Fill and submit the form: After filling the form, submit it to the official of your bank.

Thus, you can easily apply offline by visiting your local bank. Make sure that you carry the necessary documents correctly so that the process is completed without any hitch.

Online application for Mudra Loan Yojana

You can apply online to take loan under Pradhan Mantri Mudra Yojana. For this follow the simple steps given below:

Mudra Loan Yojana
Mudra Loan Yojana
  • First, you have to visit the official website of Pradhan Mantri Mudra Yojana, which is:
  • Once you reach there you will get the home page.
  • On the home page, you will get the details of different types of Mudra Loan Scheme, such as Shishu, Kishore, Tarun. You have to choose an option as per your requirement.
  • After your selection, you will get a new page in which you will get the option to download the application form.
  • Print the downloaded application form and fill all the required information carefully.
  • After filling the form, go to the nearest bank and submit the application form.
  • The submitted application form will be verified by the bank officials, and after that you can get the loan approval.

In this way, you can easily apply under the online Mudra Loan Scheme and get a solution to your financial needs.’

Helpline number of PM Mudra Yojana

If you have any queries related to this scheme, you can get the necessary information by calling the Mudra Loan helpline number 1800 180 1111.

Home PageClick Here
Official WebsiteClick Here


How many types of Pradhan Mantri Mudra Loan Yojana are there?

There are three types of this scheme – Shishu Loan, Tarun Loan and Kishore Loan.

Who is going to get the benefit of PM Mudra Loan Yojana?

Citizens of India whose age is not less than 18 years will be given a loan of up to Rs 10 lakh.

पीएम मुद्रा लोन योजना की आधिकारिक वेबसाइट क्या है? is the official website.

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