PM Mudra Yojana 2025: Get Loan Upto ₹10 Lakh, Check Scheme Details Here

The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the Government of India in 2015. In 2025, the scheme continues to empower small and micro entrepreneurs by providing collateral-free business loans. The PM Mudra Yojana 2025 aims to offer loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. These loans are offered by Commercial Banks, RRBs, Small Finance Banks, MFIs, and NBFCs.

Objectives of PM Mudra Yojana

To promote self-employment and generate employment opportunities.
To offer easy access to finance for small businesses.
To bring the unbanked population under the formal banking system.
To support the growth of micro and small enterprises.

Types of Loans under PM Mudra Yojana 2025

PM Mudra Yojana offers three types of loans categorized based on the stage of business development:

1. Shishu Loan

Loan Amount: Up to ₹50,000
Target Audience: Startups or new business ventures
Interest Rate: As per the bank’s discretion (usually lower rates)

2. Kishor Loan

Loan Amount: ₹50,001 to ₹5 lakh
Target Audience: Businesses in the growth phase
Interest Rate: Varies from bank to bank

3. Tarun Loan

Loan Amount: ₹5,00,001 to ₹10 lakh
Target Audience: Established businesses looking for expansion
Interest Rate: Based on bank policies and applicant profile

Eligibility Criteria for PM Mudra Yojana

To apply for PM Mudra Loan 2025, the following criteria must be fulfilled:

Must be an Indian citizen.
Should be involved in non-farm income-generating activities.
Applicable for small manufacturing units, service providers, traders, vendors, artisans, etc.
The business should be non-corporate and non-farming in nature.

Documents Required

When applying for a PM Mudra Yojana loan, you must have the following documents:

Identity Proof (Aadhaar Card, PAN Card, Voter ID)
Address Proof (Electricity bill, Aadhaar Card, Passport, etc.)
Business Plan or project report
Bank statement of the last 6 months
Quotation of machinery/equipment to be purchased (if applicable)
Income Tax Returns (if available)

How to Apply for PM Mudra Yojana 2025

You can apply for PM Mudra Yojana through both online and offline methods:

Online Application Process

Visit the official Mudra portal: www.mudra.org.in
Choose the type of loan (Shishu, Kishor, or Tarun)
Fill in the online application form
Upload the necessary documents
Submit the form for approval

Offline Application Process

Visit your nearest bank that offers Mudra loans
Ask for a PMMY loan application form
Fill out the form carefully
Attach necessary documents
Submit to the bank official
Wait for verification and loan approval

Features of PM Mudra Yojana 2025

Collateral-free loans up to ₹10 lakh
Loans are provided for income-generating activities
Subsidized interest rates based on the credit profile
Easy repayment tenure from 12 months to 5 years
No processing fees on Shishu loans
Support for women entrepreneurs, SC/ST/OBC, and other marginalized sections

Banks Offering PM Mudra Loans

Many banks and financial institutions are part of the PMMY scheme. Some prominent names include:

State Bank of India (SBI)
Punjab National Bank (PNB)
Bank of Baroda (BOB)
ICICI Bank
HDFC Bank
Axis Bank
Small Finance Banks
Microfinance Institutions (MFIs)

Interest Rates on Mudra Loans 2025

Interest rates under the Mudra Yojana vary depending on the lender and type of loan. Generally:

Shishu Loans: 8% to 12% per annum
Kishor Loans: 10% to 14% per annum
Tarun Loans: 12% to 16% per annum

These rates are indicative and may differ based on the applicant’s credit profile and the bank’s internal policies.

PM Mudra Yojana Benefits

Empowers small business owners to grow their ventures
Supports new startups without any collateral
Encourages Make in India initiative
Helps generate employment at grassroots level
Financial inclusion of underserved and unbanked segments

Sectors Covered Under PMMY

Loans under the PMMY scheme are offered for various sectors including:

Textile and Handloom industry
Food Processing Units
Retail and Trading
Agricultural allied activities (excluding primary agriculture)
Transport and logistics
Small manufacturing units
Service sector enterprises

Challenges and Improvements in PM Mudra Yojana 2025

Challenges:

Lack of financial literacy among applicants
Delays in loan disbursement due to document verification
Difficulty in loan repayment during pandemic/post-pandemic times

Improvements Introduced:

Faster loan disbursal through digital platforms
Improved awareness campaigns
Tie-up with Common Service Centres (CSCs) for rural outreach
Digital verification of documents for hassle-free processing

Government Support & Budget Allocation

The Government has continuously increased the budget allocation for PMMY. In 2025, more funds have been allocated to support first-time borrowers, women entrepreneurs, and rural enterprises.

Success Stories of PM Mudra Yojana Beneficiaries

Many small entrepreneurs have successfully scaled their businesses using Mudra loans. Stories range from women starting tailoring units to small traders expanding their retail shops. The scheme has helped transform lives across India.

PM Mudra Yojana Helpline and Support

For any queries or help regarding PMMY:

Toll-Free Number: 1800-180-1111 / 1800-11-0001
Official Website: www.mudra.org.in
Visit any participating bank branch for personalized assistance

Conclusion

PM Mudra Yojana 2025 is a game-changing scheme that supports India’s small businesses and entrepreneurs by providing access to affordable credit. If you have a dream to start or expand your business, this is your opportunity to grow with government support. With loans up to ₹10 lakh, no collateral requirement, and easy repayment options, PMMY is one of the most accessible and beneficial financial schemes for micro-enterprises in India.