About the Scheme
PM Mudra Yojana (PMMY) provides loans up to ₹20 lakh to non-corporate, non-farm micro/small enterprises. Completed 10 years in April 2025. Cumulative: 52+ crore loans; ₹32.61 lakh crore disbursed. Budget 2024-25 introduced new Tarun Plus category (₹10-20 lakh). 68-70% women beneficiaries.
Target Beneficiaries: 52+ crore loans; ₹32.61 lakh crore disbursed since 2015; 68-70% women beneficiaries; MSMEs, small traders, artisans, shopkeepers
Implementing Agency: Public Sector Banks, Private Sector Banks, Regional Rural Banks, Cooperative Banks, Micro Finance Institutions (MFIs), Non-Banking Financial Companies (NBFCs)
Key Features
- Shishu: loans up to ₹50,000; Kishore: ₹50,001-5 lakh; Tarun: ₹5-10 lakh; Tarun Plus: ₹10-20 lakh (Budget 2024-25)
- No collateral required for Shishu and Kishore loans
- 52+ crore loans sanctioned; ₹32.61 lakh crore disbursed cumulatively since 2015
- 68-70% women beneficiaries; special focus on SC/ST/OBC entrepreneurs
- Mudra Card (RuPay debit card) for working capital up to ₹10,000
- Credit Guarantee Fund for Micro Units (CGFMU) provides guarantee cover
- Tarun Plus category introduced Budget 2024-25 — for repeat Tarun borrowers
Eligibility Criteria
- Indian citizens.
- Individuals engaged in non-farm sector income-generating activities.
- Micro and small enterprises including proprietorships, partnerships, and small companies.
- Applicants must not be defaulters to any bank or financial institution.