MUDRA Loan Scheme 2026 – Apply Online for Business Loan up to ₹20 Lakh
Want to start your own business but don’t have money? Here is a powerful opportunity from the Government of India. The MUDRA Loan Scheme (Pradhan Mantri Mudra Yojana – PMMY) helps small business owners get easy loans without any collateral.
Through this scheme, you can get financial support to start or expand your business — whether it is a shop, service, or small industry.
What is MUDRA Scheme?
MUDRA (Micro Units Development & Refinance Agency Ltd.) is a government initiative launched to support small and micro businesses in India. The main aim is to provide financial help to those who are usually unable to get loans from big banks.
👉 Under this scheme, loans are provided through banks, NBFCs, and microfinance institutions to help businesses grow.
Loan Amount Details
Under the MUDRA scheme, you can get a loan up to:
- ✅ ₹50,000 (Shishu – for new businesses)
- ✅ ₹50,000 to ₹5 lakh (Kishore – for growing businesses)
- ✅ ₹5 lakh to ₹10 lakh (Tarun – for expansion)
- ✅ ₹10 lakh to ₹20 lakh (Tarun Plus – new category)
Who Can Apply?
Any Indian citizen can apply if they:
- Want to start a small business
- Already running a micro or small enterprise
- Work in sectors like:
Manufacturing
Trading
Services
Small shops, vendors, repair units
- Manufacturing
- Trading
- Services
- Small shops, vendors, repair units
👉 The scheme mainly supports non-corporate, non-farm businesses.
Eligibility Criteria
To apply for MUDRA Loan:
- Age should be 18 years or above
- Must have a business plan
- Business should be income-generating
- Basic documents required (Aadhaar, PAN, etc.)
👉 No need to provide heavy collateral or security.
Key Benefits of MUDRA Loan
- ✅ No collateral required
- ✅ Easy approval process
- ✅ Low interest rates (depends on bank)
- ✅ Available for both new & existing businesses
- ✅ Special support for women & small entrepreneurs
- ✅ Helps in job creation and self-employment
Documents Required
Generally, you need:
- Identity Proof (Aadhaar/PAN/Voter ID)
- Address Proof
- Passport size photo
- Business details or plan
- Bank account details
How to Apply for MUDRA Loan
You can apply both online and offline:
👉 Online Apply
- Visit official portal
- Fill application form
- Upload documents
- Submit and wait for approval
👉 Offline Apply
- Visit nearest bank (SBI, PNB, etc.)
- Ask for MUDRA loan form
- Submit documents
- Bank will process your application
👉 Loans are provided through banks, NBFCs, and MFIs across India.
Official Website (Apply Link)
| Apply Now for MUDRA Loan | Click Here |
| Download Offline Application Form | Click Here to Download |
Why This Scheme is Important?
MUDRA scheme is a big support for people who want to become self-employed. It has helped millions of small business owners to:
- Start their own work
- Expand existing business
- Become financially independent
👉 It is one of the best government schemes for youth, women, and small entrepreneurs in India.
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FAQ
Q1. What is the maximum loan amount?
👉 Up to ₹20 lakh
Q2. Is collateral required?
👉 No
Q3. Who can apply?
👉 Any Indian with a small business idea
Q4. Can I apply online?
👉 Yes