Pradhan Mantri Mudra Yojana (PMMY) 2024

Introduction The Pradhan Mantri Mudra Yojana (PMMY), launched by the Government of India through MUDRA (a subsidiary of SIDBI), aims to provide financial assistance to the non-corporate, non-farm small and micro enterprises. The loans provided under this scheme are for enterprises with credit requirements below ₹10 lakhs.

Official websites for PMMY include:

• udyamimitra.in
• mudra.org.in

Update: Budget 2024-25 The government has announced an increase in the loan amount for the Tarun category, raising the limit from ₹10 lakhs to ₹20 lakhs.

How to Apply for PM Mudra Yojana Online

Follow the steps below to apply for the Pradhan Mantri Mudra Yojana online:

1. Visit the official website: Go to udyamimitra.in.
2. Click on “Apply Now”: Scroll down the homepage and select “Apply Now” under the Mudra loans tab.
3. Complete the registration: Fill in your name, email ID, mobile number, and verify using OTP.
4. Complete your profile: After registration, fill in personal and professional details.
5. Submit the application: After filling in the form, submit it to complete the process.

PM Mudra Loan Application Form (PDF Download)

The PMMY application forms can be downloaded in PDF format for offline application at mudra.org.in. The PMMY Bankers Kit includes application forms for:

• Shishu: Loans up to ₹50,000.
• Kishor and Tarun: Loans from ₹50,000 to ₹20 lakhs.

Types of Loans Under PMMY

The loans under Pradhan Mantri Mudra Yojana are categorized as follows:

1. Shishu: Loans up to ₹50,000 for businesses at an initial stage.
2. Kishor: Loans from ₹50,000 to ₹5 lakhs for growing businesses.
3. Tarun: Loans from ₹5 lakhs to ₹20 lakhs for well-established enterprises.

These loans are provided by banks, NBFCs, MFIs, and RRBs across India.

Eligibility Criteria for PM Mudra Loan Scheme 2024

Eligible applicants include individuals, women entrepreneurs, proprietary firms, partnership firms, private limited companies, and other entities involved in non-farm income-generating activities like:

• Small manufacturing enterprises
• Shopkeepers
• Fruit and vegetable vendors
• Artisans
• Activities allied to agriculture (excluding crop loans)

Required Documents for Mudra Loan

Applicants must submit the following documents:

• Identity proof (Voter ID, PAN Card, Aadhar, etc.)
• Residence proof (utility bills, voter ID, Aadhar, etc.)
• Proof of SC/ST/OBC/Minority status (if applicable)
• Ownership documents of the business
• Financial documents (balance sheets, tax returns, bank statements)
• Project report for the proposed business
• Two passport-size photographs of the proprietor/partners/directors

PM Mudra Loan Scheme Helpline

Borrowers can directly contact banks, financial institutions, and MUDRA Nodal Officers. Access the helpline numbers, Nodal Officer lists, and contact details for various PMMY offices at the following:

• Toll-free numbers: Available on the MUDRA website
• Bank Nodal Officers: For specific bank assistance
• MUDRA Nodal Officers: Regional support for PMMY applications

Progress of PM Mudra Loan Scheme

PMMY has shown significant growth in disbursements over the years. Below is the year-wise progress of loans sanctioned and disbursed:

• 2015-2016: ₹137,449.27 crore sanctioned, ₹132,954.73 crore disbursed
• 2023-2024: ₹456,537.98 crore sanctioned, ₹450,423.66 crore disbursed
• 2024-2025 (till date): ₹103,968.72 crore sanctioned, ₹99,177.72 crore disbursed

For detailed state-wise disbursement data, visit mudra.org.in.