Overview
Pradhan Mantri Mudra Yojana (PMMY) is a government scheme in India aimed at providing financial support to small and micro enterprises. It offers loans categorized as "Mudra Loans" to individuals for starting or expanding their businesses.
Pradhan Mantri Mudra Yojana (PMMY) is a government scheme in India launched in 2015 to provide financial support to small and micro enterprises. It offers loans categorized as Shishu (up to INR 50,000), Kishore (INR 50,000 to INR 5 lakh), and Tarun (INR 5 lakh to INR 10 lakh) to help individuals start or expand their businesses. The scheme aims to promote entrepreneurship, generate employment, and improve financial inclusion.
Categories of Mudra Loans
Shishu
Loans up to INR 50,000 for businesses in the early stage.
Kishore
Loans ranging from INR 50,001 to INR 5 lakh for businesses with moderate financial requirements.
Tarun
Loans ranging from INR 5,00,001 to INR 10 lakh for established businesses with higher financial requirements.
Eligibilty Criteria
01
Individual Entrepreneurs
02
Minimum Two Person
03
Loan Amount
04
Loan Repayment
Benefits of PMMY
Collateral-Free Loans
Lower Interest Rates
Wide Range of Loan Amounts
Streamlined Loan Application Process
Documents Requirements
Documents of Individual
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PAN & AadharCard
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Other ID Proof Driving license, Voter Id or Passport
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Address Proof Bank Statement or Utility Bills - E.g.- Electricity Bill / Water Bill / Property Tax
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Colour Photo
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Email id and Mobile Number
Business Address Proof
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If Premises is Owned Sale Deed/Electricity Bill/ Property Tax
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If Premises is Rented Rent Agreement or Electricity bill along with NOC from Owner of the premises (Formate will be provided)
Other Documents
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Income proof
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Business plan Business idea, market analysis, financial projections, and other relevant details
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Quotation or estimate of machinery, equipment, or other assets Comprehensive catalog or list of products or services
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Other documents Memorandum of Association (MOA), Articles of Association (AOA), etc