Pradhan Mantri Mudra Yojana (PM Mudra Yojana 2025) There is a major scheme of the Government of India, which aims to provide loans to small traders, self -employment and new entrepreneurs without any guarantee. Under this scheme You from Rs 50,000 to Rs 10 lakh Can easily find a loan of. The government has started this scheme, especially for those who want to start their own business or pursue their small business.
You do not need to pledge any kind of property to take a loan under the Mudra scheme, making it easier for the common man to take a loan. This scheme is proving to be very effective to reduce unemployment in the country and promote self -employment. Loan in it Three categories – baby, teen and Tarun – It is made, so that every level of businessmen can take a loan according to their needs.
The application process is also very simple, with some necessary documents you can apply through the nearest bank or online portal.
PM Mudra Yojana 2025 new update
The Pradhan Mantri Mudra Yojana (PMMY) was launched by the Government of India on 8 April 2015. Its main objective is to provide financial assistance to small and medium level traders, shopkeepers, self -employment, small industries etc. In this scheme, a loan of up to Rs 10 lakh is given without any guarantee, which has given millions of people a chance to start or grow their business.
PM Mudra Yojana 2025
| point | Description |
|---|---|
| Name of the scheme | Pradhan Mantri Mudra Yojana (PMMY) |
| When did it start | 8 April 2015 |
| Who started | Government of India |
| Maximum loan amount | 10 lakh rupees |
| Minimum loan amount | 50,000 rupees |
| Loan categories | Baby, Teen, Tarun |
| Eligibility | Indian citizens above 18 years old |
| Interest rate | 10% to 12% (as per bank) |
| Processing fees | Zero on baby loan, very little on others |
| Guarantee/collateral | Not needed |
| Application process | online offline |
| Chief beneficiary | Small traders, self -employment, startup |
Types of PM Mudra Yojana
- Infant loan: In this Up to Rs 50,000 Get a loan of This is for those who want to start a completely new business.
- Teen loan: It has a loan ranging from Rs 50,000 to Rs 5 lakh. This is for those whose business has started and they want to pursue it.
- Tarun Lone: It gets a loan ranging from 5 lakh to 10 lakh rupees. This is for traders who want to give further expansion to their business.
Benefits of the scheme
- Loans are available without any guarantee.
- Loan amount from 50,000 to 10 lakh rupees.
- The interest rate is low according to the bank.
- Processing fees do not cost baby loan.
- The application process is simple and transparent.
- Self -employment and small trade are promoted.
- Women entrepreneurs are given priority.
- Loans can be used in starting business, expanding, machinery, increasing stock etc.
Eligibility for Plan
- The age of the applicant should be at least 18 years.
- It is necessary to be a citizen of India.
- Any person, proprietorship, partnership firm, Private Limited Company, Public Company etc. can apply.
- The applicant should not be a defaulter of any bank or financial institution.
- The applicant should have a plan to start or increase the business.
- Necessary documents should be completed.
Documents required for the scheme
- Aadhar card
- PAN card
- Passport Size Photo
- Address proof (ration card, electricity bill etc.)
- Documents related to business (if already business)
- Bank statement
- Business Plan/Project Report
- GST Registration (if applied)
- Documents sought by other banks.
Application process for plan
Online application process:
- Go to the official website of PM Mudra Yojana.
- Click “Apply Now” or “Apply for Mudra Loan”.
- Fill your personal and business information.
- Upload the required documents.
- Choose the category of loan (baby/teenage/Tarun).
- Submit the application and keep the application number safe.
Offline application process:
- Go to the nearest bank branch.
- Fill the currency loan form.
- Attach the necessary documents.
- Submit the form and documents to the bank officer.
- After examining the documents by the bank, the process of loan acceptance will be completed.
Which banks give loans under the scheme?
- All government banks (SBI, Bank of Baroda, PNB, etc.)
- Private Bank (HDFC, ICICI, Axis, etc.)
- Rural bank
- Co -operative bank
- Micro Finance Institution (MFI)
- Non-Banking Finance Company (NBFC).
Interest rates in PM Mudra Yojana 2025
- The interest rate may vary according to the bank, usually between 10% to 12%.
- The interest rate on the baby loan is the lowest.
- The interest rate on juvenile and Tarun loans may be slightly higher.
- Some banks do not cost processing fees on baby loans, other loans have very low fees.
Who can be the beneficiaries of PM Mudra Yojana 2025?
- Small shopkeeper
- Self -employment youth
- Small industrialist
- Female entrepreneur
- Transporter, auto/e-rickshaw driver
- Fruit-vegetable vendors
- Cottage industry
- Small businessmen of the service sector.
The main point of PM Mudra Yojana 2025
- Loan without guarantee
- Easy and transparent process
- Minimum documentation
- Priority to women entrepreneurs
- Three categories of loan
- Help to start or increase business
Frequently asked questions related to the scheme (FAQs)
Q1. In what time does the loan be found under PM Mudra Yojana?
The loan is usually approved within 7-15 days after the application and documents are completed.
Q2. Do you have to give any guarantee on the currency loan?
No, the currency loan is completely found without guarantee.
Q3. Does the currency get subsidy on the loan?
Mudra loan does not provide direct subsidy, but interest rates are low and processing fees are very low or zero.
Q4. Can Mudra Loan Students take?
If they are over 18 years and want to start self -employment or business, yes.
Q5. What works can you get money in Mudra loan?
For starting business, buying machinery, increasing stock, shop/office renovation, transport etc.
Suggestion for PM Mudra Yojana 2025
- Keep all the documents complete at the time of application.
- Prepare a clear plan of business.
- Give correct information while applying to the bank.
- Beware of any agent or broker, as there is no agent in the Mudra scheme.
- Keep the application number and bank receipt safe.
PM Mudra Yojana 2025: What is new?
- Now the maximum loan amount is up to Rs 10 lakh.
- The application process has been made even easier.
- Applications from digital platforms have been increased.
- Women and young entrepreneurs are being given priority.
- In many banks, processing fees have been reduced to zero or a lot.
Disclaimer: This article is for information. PM Mudra Yojana 2025 is a real government scheme, under which eligible persons can take loans up to Rs 10 lakh without guarantee. The application process is completely transparent and no agent or broker is authorized. Apply only on authorized bank or government portal to avoid any fraud. The terms of the scheme can change from time to time, so before the application, get the latest information from the bank or official website.
