PM Mudra Yojana:- Pradhan Mantri Mudra Loan Yojana (PMMY) was started by the Prime Minister of our country, Mr. Narendra Modi . If a person wants to start a small business or want to grow his business, then he can easily get a loan of up to ₹ 1000000 by applying under Mudra Yojana. Through this article, we will tell you what the application process of this scheme is. What are the necessary documents, what are the eligibility and benefits, and other information, to get all the information related to the scheme, you are requested to read this article till the end.
Pradhan Mantri Mudra Yojana 2023
Let us tell you that a budget of Rs 3 lakh crore was prepared by the central government for Mudra loan, out of which loans worth Rs 1.75 lakh crore have been distributed so far. Those who want to take loan under Mudra Yojana 2023, they will have to pay no processing charges for taking loan. Under this scheme, the loan repayment period has been extended by 5 years. The people of the country are given a Mudra card to take Mudra loan under this Pradhan Mantri Mudra Loan Yojana.
Amount provided so far under Pradhan Mantri Mudra Loan Yojana
| financial year | PMMY loans sanctioned (in million) | Amount sanctioned (in Rs crore) | Amount disbursed (in Rs crore) |
| 2021-22 | 53.7 | 3,39,110 | 3,31,402 |
| 2020-21 | 50.7 | 3,21,759 | 3,11,754 |
| 2019-20 | 62.2 | 3,37,495 | 3,29,715 |
| 2018-19 | 59.8 | 3,21,723 | 3,11,811 |
| 2017-18 | 48.1 | 2,53,677 | 2,46,437 |
Details Of Pradhan Mantri Mudra Loan Yojana
| Scheme Name | Prime Minister Mudra Loan Scheme |
| initiated by | by Prime Minister Narendra Modi |
| beneficiary | country people |
| Objective | provide loan |
| official website | https://www.mudra.org.in/ |
Objective of Pradhan Mantri Mudra Loan Yojana
The main objective of this scheme is that there are many people in the country who want to start their own business but cannot start due to lack of money, for such people the central government has started this scheme Pradhan Mantri Mudra Loan Yojana Beneficiaries can start their own small business by taking Mudra loan under 2023. And making loans available to the people in a very easy way under this scheme. Realizing the dreams of the people of the country through Pradhanmantri Mudra Loan Scheme 2023 and making them self-reliant and empowered.
Types of Pradhan Mantri Mudra Loan Yojana
Three types of loans are given under this scheme.
- Shishu Loan: Under this type of Mudra Yojana, loans up to ₹ 50000 will be allotted to the beneficiaries.
- Kishore Loan: Under this type of Mudra Yojana, loans ranging from ₹ 50000 to ₹ 500000 will be allotted to the beneficiaries.
- Tarun Loan: Under this type of Mudra scheme, loans ranging from ₹ 500000 to ₹ 1000000 will be allotted to the beneficiaries.
Banks covered under Pradhan Mantri Mudra Loan Yojana
- Allahabad Bank
- Bank of India
- Corporation Bank
- ICICI Bank
- j&k bank
- Punjab And Sind Bank
- Syndicate Bank
- Union Bank of India
- Andhra Bank
- Bank of Maharashtra
- Dena Bank
- IDBI Bank
- Karnataka Bank
- Punjab National Bank
- Tamil Nadu Mercateile Bank
- Axis Bank
- Canara Bank
- Federal Bank
- Indian Bank
- Kotak Mahindra Bank
- Saraswat Bank
- UCO Bank
- Bank Of Baroda
- Central Bank of India
- HDFC bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- State Bank Of India
- Union Bank of India
Beneficiaries of PM Mudra Loan Yojana
- sole proprietor
- partnership
- service sector companies
- micro industry
- repair shops
- owner of trucks
- food business
- Seller
- micro manufacturing form
Mudra Loan Yojana State Wise Report
child loan
| state name | number of beneficiaries | Amount approved (in crores) | Amount disbursed (in crores) |
| Ladakh | 137 | 0.49 | 0.49 |
| Jammu and Kashmir | 35219 | 112.39 | 111.22 |
| Himachal Pradesh | 26541 | 84.25 | 76.02 |
| Punjab | 448074 | 1358.06 | 1336.08 |
| Uttarakhand | 114071 | 378.77 | 371.80 |
| Haryana | 371757 | 1160.53 | 1146.07 |
| Rajasthan | 1223374 | 3655.58 | 3635.11 |
| Delhi | 48015 | 112.12 | 108.63 |
| Uttar Pradesh | 2022941 | 5865.82 | 5762.65 |
| Bihar | 2525017 | 7611.54 | 7535.45 |
| Sikkim | 3169 | 9.92 | 9.40 |
| Assam | 160273 | 413.12 | 402.15 |
| Arunachal Pradesh | 1864 | 4.81 | 4.72 |
| Nagaland | 2172 | 6.86 | 6.55 |
| Manipur | 21441 | 55.40 | 54.42 |
| Mizoram | 321 | 1.01 | 0.88 |
| Tripura | 119598 | 348.08 | 346.03 |
| West Bengal | 2002550 | 4939.17 | 4912.35 |
| Jharkhand | 701087 | 1949.19 | 1925.40 |
| Madhya Pradesh | 1256854 | 3578.59 | 3497.73 |
| Gujarat | 615126 | 2001.32 | 1992.52 |
| Chhattisgarh | 339351 | 960.28 | 950.28 |
| Odisha | 1772974 | 4760.39 | 4733.15 |
| Maharashtra | 1697024 | 4541.56 | 4520.27 |
| Andhra Pradesh | 193324 | 509.93 | 498.98 |
| Telangana | 93453 | 204.05 | 186.67 |
| karnataka | 1750715 | 4704.07 | 4694.33 |
| tamil nadu | 2678037 | 8810.82 | 8791.58 |
| Kerala | 683984 | 1970.86 | 1960.42 |
| Pondicherry | 61653 | 205.94 | 205.37 |
| Goa | 11145 | 34.53 | 33.44 |
| lakshdeep | 121 | 0.47 | 0.45 |
| Andaman and Nicobar Island | 121 | 0.31 | 0.30 |
| Daman and Diu | 132 | 0.26 | 0.16 |
| Dadar And Nagar Haveli | 333 | 0.98 | 0.97 |
| Chandigarh | 3886 | 10.24 | 10.07 |
juvenile loan
| state name | number of beneficiaries | Amount approved(in crores) | Amount disbursed (in crores) |
| Ladakh | 3910 | 81.56 | 936 |
| Jammu and Kashmir | 94216 | 2076.69 | 2036.75 |
| Himachal Pradesh | 23413 | 511.49 | 458.51 |
| Punjab | 103939 | 1554.77 | 1454.62 |
| Uttarakhand | 29676 | 523.72 | 494.88 |
| Haryana | 101895 | 1228.74 | 1162.32 |
| Rajasthan | 242474 | 3093.78 | 3001.18 |
| Delhi | 17725 | 318.49 | 303.80 |
| Uttar Pradesh | 402439 | 5189.17 | 4915.72 |
| Bihar | 518211 | 5216.12 | 4472.94 |
| Sikkim | 3169 | 9.92 | 9.40 |
| Assam | 32645 | 627.10 | 510.14 |
| Arunachal Pradesh | 482 | 12.47 | 11.36 |
| Nagaland | 2066 | 41.35 | 38.74 |
| Manipur | 3498 | 57.66 | 51.15 |
| Mizoram | 703 | 14.10 | 13.08 |
| Tripura | 22941 | 285.32 | 267.74 |
| West Bengal | 316484 | 4337.28 | 4003.48 |
| Jharkhand | 136262 | 1443.83 | 1337.82 |
| Madhya Pradesh | 239822 | 2966.79 | 2657.99 |
| Gujarat | 132539 | 1776.20 | 1733.72 |
| Chhattisgarh | 65245 | 851.89 | 794.20 |
| Odisha | 216014 | 2292.63 | 2170.50 |
| Maharashtra | 305562 | 3811.85 | 3642.63 |
| Andhra Pradesh | 153863 | 2497.46 | 2397.55 |
| Telangana | 45090 | 916.66 | 871.72 |
| karnataka | 411211 | 4676.80 | 4582.86 |
| tamil nadu | 399401 | 4855.54 | 4735.03 |
| Kerala | 180629 | 2058.39 | 1989.63 |
| Pondicherry | 12382 | 143.96 | 141.40 |
| Goa | 5352 | 101.77 | 91.35 |
| lakshdeep | 218 | 5.38 | 5.32 |
| Andaman and Nicobar Island | 465 | 13.71 | 13.45 |
| Daman and Diu | 190 | 4.45 | 4.17 |
| Dadar And Nagar Haveli | 318 | 5.69 | 5.58 |
| Chandigarh | 1661 | 37.88 | 776 |
youth loan
| state name | number of beneficiaries | Amount approved(in crores) | Amount disbursed (in crores) |
| Ladakh | 4983 | 152.60 | 151.02 |
| Jammu and Kashmir | 16333 | 1198.50 | 1169.77 |
| Himachal Pradesh | 6061 | 506.10 | 476.73 |
| Punjab | 12806 | 1077.25 | 1005.47 |
| Uttarakhand | 5428 | 455.53 | 432.96 |
| Haryana | 10333 | 805.15 | 759.52 |
| Rajasthan | 25811 | 2098.21 | 2020.19 |
| Delhi | 6720 | 559.75 | 525.24 |
| Uttar Pradesh | 44357 | 3997.22 | 3693.65 |
| Bihar | 22539 | 1795.15 | 1599.76 |
| Sikkim | 272 | 23.14 | 20.66 |
| Assam | 6936 | 531.70 | 474.25 |
| Arunachal Pradesh | 290 | 24.19 | 22.49 |
| Nagaland | 474 | 38.75 | 33.37 |
| Manipur | 465 | 38.13 | 33.83 |
| Mizoram | 246 | 20.54 | 18.76 |
| Tripura | 1031 | 75.37 | 69.90 |
| West Bengal | 30099 | 2191.42 | 1973.36 |
| Jharkhand | 9663 | 780.31 | 678.53 |
| Madhya Pradesh | 23082 | 1729.74 | 1542.45 |
| Gujarat | 17001 | 1362.13 | 1284.30 |
| Chhattisgarh | 8853 | 695.94 | 630.97 |
| Odisha | 15051 | 1156.90 | 1039.99 |
| Maharashtra | 36388 | 2940.71 | 2689.56 |
| Andhra Pradesh | 36624 | 2998.67 | 2884.86 |
| Telangana | 15105 | 1122.92 | 1086.95 |
| karnataka | 27607 | 2139.41 | 2017.60 |
| tamil nadu | 23906 | 2301.22 | 2226.89 |
| Kerala | 14325 | 1232.81 | 1179.64 |
| Pondicherry | 525 | 38.49 | 37.06 |
| Goa | 926 | 72.52 | 63.82 |
| lakshdeep | 44 | 3.48 | 3.42 |
| Andaman and Nicobar Island | 261 | 22.11 | 21.60 |
| Daman and Diu | 66 | 5.43 | 5.23 |
| Dadar And Nagar Haveli | 122 | 10.52 | 10.23 |
| Chandigarh | 776 | 65.66 | 60.40 |
Benefits of PM Mudra Loan Scheme
- Any person in the country who wants to start his own small business can take a loan under PMMY.
- Under this scheme, the citizens of the country will be given loans without any guarantee to start their business. Apart from this, no processing charge is also charged for the loan. The loan repayment period can be extended up to 5 years in the Mudra scheme.
- The borrower gets a Mudra card, with the help of which the business needs can be spent.
Documents for Mudra Loan Yojana
- People starting small business and those who want to further their small business can also apply for loan under this Pradhanmantri Mudra Loan Scheme 2023.
- The age of the person taking the loan should not be less than 18 years.
- Applicant should not be a defaulter in any bank
- Aadhar card
- PAN card
- Permanent Address of the Application
- Proof of business address and establishment
- Balance Sheet of last three years
- Income Tax Returns and Self Tax Returns
- passport size photo
Process to apply online under Pradhan Mantri Mudra Yojana
- First of all you have to go to the official website of Mudra Loan Yojana .
-
- Now the home page will open in front of you.
- On the home page you will see the types of Mudra Yojana which are as follows.
- infant
- teens
- Tarun
- After this a new page will open in front of you.
- You have to download the Application Form from this page.
- After this you have to take a print out of this application form.
- Now you have to fill all the important information asked in the application form carefully.
- After this you have to attach all the important documents.
- Now you have to submit this application form to your nearest bank.
- The loan will be disbursed to you within 1 month after the verification of your application.
Procedure to login to Mudra Portal
- First of all you have to visit the official website of Mudra Yojana .
- Now the home page will open in front of you.
- On the home page, you have to click on the login button.
-
- Now a new page will open in front of you in which you will have to enter your username, password and captcha code.
- Now you have to click on the login button.
- In this way you will be able to login to the Mudra portal.
How to apply in Pradhan Mantri Mudra Loan Yojana ?
- Under this scheme, interested beneficiaries who want to apply for loan can go to their nearest government bank, private bank, rural bank and commercial bank etc. and apply with all their documents.
- After this, go to the bank from which you want to take the loan and fill it with the application form.
- And after filling the form attach it with all your documents and submit it to the bank official.
- Then after verifying all your documents, the loan will be given to you by the bank within 1 month.
Procedure to View Annual Report
- First of all you have to go to the official website of Pradhan Mantri Mudra Loan Yojana .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of Financials.
- After this you have to click on the option of Annual Report.
- Now the following options will open in front of you.
- Annual Report 2019 -20
- Annual Report 2018-19
- Report 2017-18
- Annual Report 2016-17
- Annual Report 2015-16
- You have to click on the option as per your requirement.
- After this the PSF file will be downloaded to your device.
- In this file you can see the Annual Report.
Procedure for Viewing Public Disclosures
- First of all you have to visit the official website of Pradhan Mantri Mudra Loan Yojana.
- Now the home page will open in front of you.
- After this you have to click on the option of Financials.
- Now you have to click on the option of Public Disclosure.
- After this you have to select the financial year.
- Now you have to select the quarter.
- As soon as you select the quarter the PDF file will be downloaded to your device.
- You can see the public disclosure in this file.
Procedure for obtaining tender related information
- First of all you have to go to the official website of Pradhan Mantri Mudra Loan Yojana .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of tenders .
- After this a new page will open in front of you.
- Tenders will be listed on this page.
- You have to click on the option as per your requirement.
- The relevant information will be on your computer screen.
Report Viewing Process
- First of all you have to go to the official website of Pradhan Mantri Mudra Loan Yojana .
- Now the home page will open in front of you.
- On the home page, you have to click on the report option.
- Now a new page will open in front of you.
- On this page you have to select your state.
- As soon as you select your state, related information will appear on your screen.
Pradhan Mantri Mudra Yojana Procedure to get information related to bank nodal officer
- First of all you have to visit the official website of Mudra Loan Scheme .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of Contact Us
-
- After this a new page will open in front of you.
- On this page you have to click on the option of Bank Nodal Officers PMMY.
- As soon as you click on this option the PDF file will be downloaded in your device.
- In this file, you will be able to see the information related to the Bank Nodal Officer.
Procedure for getting information related to Mudra shortlisted for partnering
- First of all you have to visit the official website of Mudra Loan Scheme.
- Now the home page will open in front of you.
- After this you have to click on the option of Offerings.
- Now you have to click on the option of Shortlisted For Partnering Mudra .
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- After this a file will be downloaded to your device.
- In this file you will be able to see related information.
mgt 7 watching process
- First of all you have to visit the official website of Mudra Loan Scheme .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of Financials.
- After this you have to click on the option of MGT-7.
- Now you have to select the financial year.
- As soon as you select the financial year, MGT-7 will be downloaded to your device.
Procedure for obtaining information related to Corporate Governance
- First of all you have to visit the official website of Mudra Loan Scheme.
- Now the home page will open in front of you.
- After this you have to click on the option of Corporate Governance .
-
- Now a new page will open in front of you.
- There will be following options on this page.
- Corporate Social Responsibility Policy
- Internal Guidelines on Corporate Governance
- fair practices code
- Grievance Redressal
- Terms and Conditions for Appointment of Independent Director
- nrc charter
- the ombudsman scheme
- You have to click on the option as per your requirement.
- After this the file will be downloaded to your device.
- Will be able to see related information in office file.
Process to see overall performance
- First of all you have to visit the official website of Mudra Loan Scheme .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of Overall Performance .
-
- After this, the overall performance report will be downloaded to your device.
- You can view the overall performance related information by opening the downloaded file on your device.
Process to see PM Mudra Yojana State Wise Performance
- First of all you have to visit the official website of Mudra Loan Scheme.
- Now the home page will open in front of you.
- After this you have to click on the option of State wise Performance .
- Now a file will be downloaded in PDF format on your device.
- In this file you can see the state wise performance.
Process to see bank wise performance
- First of all you have to visit the official website of Mudra Loan Scheme .
- Now the home page will open in front of you.
- On the home page, you have to click on the option of Bank wise Performance .
- After this the Bank Wise Performance Report will be downloaded in your device.You will be able to see related information in this report.
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Process to View Profile of Mudra Entrepreneur
- First of all you have to visit the official website of Mudra Loan Scheme.
- Now the home page will open in front of you.
- After this you have to click on the option of Profile of Mudra Entrepreneur.
- Now the PDF file will be downloaded in your device.
- In this file you will be able to see the profile of Mudra entrepreneur.
Pradhan Mantri Mudra Loan Yojana Grievance Officer
| customer Care Center | Address – Swavalamban Kendra, Plot No. C 11, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra Telephone- 022-67221465 Email- help@mudra.org.in Timings – Monday to Friday 10:00 AM to 6:00 pm on all working days and non-public holidays |
| Grievance Redressal Officer | Name – Mr. Rajesh Kumar Email – rkumar@mudra.org.in Timings: Monday to Friday 10:00 AM to 6:00 PM on all working days and non-public holidays |
| Chief Grievance Redressal Officer | Name – Mr. Amitabh Mishra Email – amitabh@mudra.org.in Timing – 10:00 AM to 6:00 PM on all working days and non-public holidays |
Process to View Contact Details
- First of all you have to visit the official website of Pradhan Mantri Mudra Loan Yojana.
- Now the home page will open in front of you.
- After this you have to click on the option of Contact Us .
- Now a new page will open in front of you.
- This page will have the following options.
- PMMY Toll Free Number
- Mujra Officers Mumbai
- Grievance Officer
- Bank Nodal Officer
- mission office contact details
- You have to click on the download option given in front of the option as per your requirement.
- As soon as you click on the download option the contact details will open on your screen.
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FAQS of Pradhan Mantri Mudra Loan Yojana (PMMY)
What is Pradhan Mantri Mudra Loan Yojana (PMMY)?
PMMY is a government-backed scheme that provides loans to micro and small enterprises (MSEs) in India. The loans are available for a variety of business activities, including manufacturing, trading, and services.
Who is eligible for PMMY loans?
Any Indian citizen who is above the age of 18 and has a valid PAN card can apply for a PMMY loan. The applicant must also have a business plan and a bank account.
What are the different types of PMMY loans?
* Shishu loans: These loans are for businesses with a credit need of up to INR 50,000. * Kishor loans: These loans are for businesses with a credit need of up to INR 500,000. * Tarun loans: These loans are for businesses with a credit need of up to INR 1 million.
What are the interest rates on PMMY loans?
The interest rates on PMMY loans are deregulated. This means that the banks are free to set their own interest rates. However, the government has set guidelines for the maximum interest rates that can be charged on PMMY loans.
What are the repayment terms for PMMY loans?
The repayment terms for PMMY loans are flexible. The loans can be repaid over a period of up to 5 years.
How can I apply for a PMMY loan?
You can apply for a PMMY loan through any bank, microfinance institution, or non-banking financial company (NBFC) that is registered with MUDRA. You can also apply online through the MUDRA website.
What are the documents required to apply for a PMMY loan?
The documents required to apply for a PMMY loan vary depending on the type of loan and the lending institution. However, you will typically need to provide the following documents: * PAN card * Aadhaar card * Voter ID card * Business registration certificate * Business plan * Bank statement
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