Pradhan Mantri Mudra Yojana (PMMY)
<p>Pradhan Mantri MUDRA Yojana (PMMY) provides collateral-free institutional credit to micro and small business units engaged in manufacturing, trading, services, and allied agricultural activities for income generation and employment creation.</p>
Dynamic Subsidy Scaling Matrices
Under the official guidelines of this scheme, final margin money subsidies scale dynamically based on your gender, region of business setup, and social categories. Below is the detailed rate catalog:
Benefits Details
- Collateral-free business loans
- Shishu: loans up to ₹50,000
- Kishore: loans from ₹50,000 to ₹5 Lakhs
- Tarun: loans from ₹5 Lakhs to ₹10 Lakhs
- Competitive interest rates as per lending institution norms
- Can be used for working capital, machinery purchase, expansion, transport vehicles, service businesses, etc.
- Credit guarantee support available under eligible conditions
Who can apply?
Any individual meeting the following guidelines is eligible for applying under this scheme:
| Target Beneficiary | Eligibility Criteria |
|---|---|
| Age Limit | Min Age: 18 years old. No upper age limits. |
| Target Gender | Suitable for Any category of applicants. |
| Category Required | Open to All social category classes. |
| Location Cover | Any Areas. |
| State Cover | Applicable across all states of India. |
Application Workflow Process
Eligibility Criteria
Non-corporate, non-farm micro/small enterprises
- Proprietorships, partnerships, small manufacturers, shopkeepers, artisans, vendors, service units, food processing units, repair shops, truck operators, etc.
- Applicant should have viable business proposal
- Existing and new enterprises eligible
How to Apply
Apply to Lender
Apply through Scheduled Commercial Banks, RRBs, Small Finance Banks, NBFCs, MFIs, or Cooperative Banks
Submit Documents
Submit loan application with business proposal and required documents
Loan Processing
Lending institution processes and sanctions the loan
Online Submission
Submit your promoter profile and bank-ready DPR details on the official nodal portal.
Nodal Review
Department agency verifies your details and forwards recommendation to local banks.
Bank Sanction
Bank evaluates credit feasibility and sanctions the term loan and working capital.
Subsidy Release
Nodal agency releases capital margin money subsidy to a TDR block accounts.
Required Documents Checklist
Keep the following digital copies ready before filling out the online application form:
Aadhaar Card
PAN Card
Address Proof
Passport Size Photos
Business Proof / Registration Documents
Quotation for Machinery/Equipment (if applicable)
Bank Statements
Income Proof (if applicable)
Udyam Registration (if available)
Caste Certificate (for special category benefits if applicable)
Existing Business Proof for expansion loans
Frequently Asked Questions
Need Help?
Contact your local District Industries Centre (DIC) or Sri Yojana support desk for guidance and project filing support.
Request Guidance