Mudra Loan
Mudra Loan, under the Pradhan Mantri Mudra Yojana (PMMY), is a government
initatve
that
provides financial support to small businesses, startups, and micro-entrepreneurs. It
offersloans
up to ₹10 lakh without collateral, helping businesses expand, buy equipment, or
manage
working capital. Available through banks, NBFCs, and cooperatve sociees, Mudra Loans
are
classified into Shishu, Kishor, and Tarun categories based on funding needs. This
scheme
empowers entrepreneurs to grow their ventures and contribute to India’s economy.
1. Shishu Loan
- Loan Amount: Up to ₹50,000
- Purpose: For startups or very small businesses at the inital stage
- Features: Ideal for buying equipment, raw materials, or working capital
2. Kishor Loan
- Loan Amount: ₹50,001 – ₹5,00,000
- Purpose: For businesses that have started and need expansion or growth
funds
- Features: Supports scaling operaons, adding staff, or purchasing
addional
assets
3. Tarun Loan
- Loan Amount: ₹5,00,001 – ₹10,00,000
- Purpose: For established businesses looking for larger capital for
significant
expansion
- Features: Helps in major equipment purchases, infrastructure upgrades, or
working
capital for large operaons
