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17 December 2017

Pradhan Mantri Mudra Loan Yojana Scheme : New / Small Business Startup

Mudra Bank Loan Yojana For New / Small Business Startup

Mudra  is used for the term ‘Micro Units Development and Refinance Agency”(Full Form Of Mudra). Narendra Modi,built a strong endeavor to connect the people with the terms of banking .the man perpose of MUDRA bank loan yojana is people are start new & small business at home.the main slogan wich was issuad behind the MUDRA bank loan yojana is "fund the unfunded ".


Mudra loan is extended for a variety of purposes which provide income generation and employment creation. The loans are extended mainly for :
  1. (i)   Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities.
  2. (ii)   Working capital loan through MUDRA Cards.
  3. (iii)   Equipment Finance for Micro Units.
  4. (iv)   Transport Vehicle loans


MUDRA Vision

To be an integrated financial and support services provider par excellence benchmarked with global best practices and standards for the bottom of the pyramid universe for their comprehensive economic and social development.

MUDRA Mission

To create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security.

MUDRA Purpose

Our basic purpose is to attain development in an inclusive and sustainable manner by supporting and promoting partner institutions and creating an ecosystem of growth for micro enterprises sector.

Roles and Responsibilities of MUDRA

MUDRA has been formed with primary objective of developing the micro enterprise sector in the country by extending various support including financial support in the form of refinance, so as to achieve the goal of “funding the unfunded”. The GOI Press release of 2 March 2015 has laid down the roles and responsibilities of MUDRA.
Subsequently GOI has also decided that MUDRA will provide refinance support, monitor the PMMY data by managing the web portal, facilitate offering guarantees for loans granted under PMMY and take up other activities assigned to it from time to time. Accordingly MUDRA has been carrying out these functions over the last one year.
Pradhan Mantri Mudra Yojana (PMMY) was launched along with the launching of MUDRA on 08 April 2015 and the detailed guidelines were issued by Government of India to all banks and MFIs. MUDRA was given the responsibility of monitoring the programme by collecting the information on regular basis. Accordingly, MUDRA has put in place a monitoring portal which captures the data on lending under PMMY, in a granular fashion.

Details of the Presence of the Various Schemes Along with the Corresponding Loan Amount

Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products / schemes. The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to :

How to Apply

If you have to apply for the PMMY schemes than you have to visit bank which is participating in the schemes of  MUDRA yojana for business start There is no online method to apply for mudra loan and besides of that there are lots of startup straggler or entrepreneurs are not aware about this scheme. Lack of knowledge and no easiness for application of mudra bank loan scheme people are not taking benefits of this scheme. So here is the Diagram or flowchart for the Initial procedure and information about this schem.

Mudra Loan Process Chart

how to apply for mudra loan scheme

For information on MUDRA products and for any kind of assistance, the borrower can either approach/contact MUDRA office at Mumbai or the identified MUDRA Nodal Officers, whose details (along with contact numbers and mail ids) are made available at MUDRA’s Website. The borrower may also visit MUDRA website, and can send any query/suggestion to

Helpline Number, Toll-Free Number for the PradhanMantri Mudra Loan Yojana

  • 1800 180 1111
  • 1800 11 0001

Eligibility Criteria for Applying for the Mudra Bank Loan Scheme (Mudra Loan Eligibility)

The basic criteria of age should be 18 years old. Now, coming to the gist, you can only have a long under the scheme of the Pradhan Mantri Mudra Bank Loan if and only if you are applying it for commercial and business purposes and not for personal purposes. At the most, you can buy a vehicle from this PM Mudra Loan Yojana, given that it is used for commercial purposes. Lastly, this loan under the Mudra Bank Loan Yojana For New business is only applicable for small business owners and obviously, if you have your turnover higher than a bar which is set from before, then you won’t be able to apply.

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