PRADHAN MANTRI MUDRA YOJANA

Mudra Loan 2026 Eligibility, Interest Rate & Apply

Get collateral-free business funding up to ₹20 lakh under the PM Mudra Loan Yojana, check eligibility, compare lenders, and apply online.

Loan Amount
Up to ₹20 Lakh
Collateral
Nil / Collateral-Free
Working Capital
Mudra RuPay Card
Guarantee
CGFMU Covered
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Mudra Loan 2026

Key Benefits of PM Mudra Loan

100% Collateral-Free

Zero collateral security or third-party guarantor required across all 4 loan categories.

Four Flexible Tiers

Shishu (up to ₹50k), Kishore (₹50k-₹5L), Tarun (₹5L-₹10L), and Tarun Plus (₹10L-₹20L).

Mudra RuPay Card

Revolving working capital credit card issued alongside your loan for easy daily withdrawals.

Priority Concessions

Concessional interest rates and priority processing for women, SC, ST, and OBC entrepreneurs.

Trusted Partners

Top Lenders Offering Mudra Loan 2026s

SBI e-Mudra
PNB
Bank of Baroda
Canara Bank
HDFC Bank
ICICI Bank
SBI e-Mudra
PNB
Bank of Baroda
Canara Bank
HDFC Bank
ICICI Bank

Mudra Loan 2026 – Key Features

Loan Amount

₹50,000 to ₹20 Lakh

Interest Rate

8.40% to 16% p.a.

Repayment Tenure

12 to 60 Months

Collateral

Nil (CGFMU Covered)

01
Before applying

Eligibility Criteria

Make sure your business meets these basic requirements.

  • Indian national aged 18 to 65 years at loan maturity
  • Non-farm micro or small business (manufacturing, trading, services)
  • Sole proprietorship, partnership, LLP, or private limited company
  • No active NPA or default with any scheduled bank
  • Tarun Plus: Must have availed and repaid a Tarun loan with clean track record
Eligibility Criteria
02
Keep ready

Documents Required

Keep these documents handy to speed up your application.

  • Aadhaar Card & PAN Card (Identity & KYC proof)
  • Proof of Residence (Utility bill / Voter ID / Passport)
  • Business Address & Ownership Proof (Shop Act / GST / Registration)
  • Bank Account Statements (Last 6 months)
  • Project Report / Business Plan (Required for Kishore & Tarun)
  • Category Certificate (SC/ST/OBC/Minority/Women) if applicable
Documents Required

How It Works?

1

Choose Tier

Select Shishu (up to ₹50k), Kishore (up to ₹5L), or Tarun (up to ₹20L).

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2

Apply Online

Register on udyamimitra.in or your preferred bank's e-Mudra portal.

3

Upload Documents

Submit KYC, business proof, and project report digitally.

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4

Disbursal & Mudra Card

Receive funds directly in your current account alongside a Mudra RuPay card.

Apply for PM Mudra Loan with Quick Online Processing

Collateral-Free
Government Backed
Lowest Market Interest Rates
Check Loan Offers NowIt only takes 2 minutes

Frequently Asked Questions

Clear answers to common questions about mudra loan 2026

PMMY does not specify a fixed income ceiling. Any individual or entity running a non-farm micro enterprise, with no active loan default, can apply. The lender assesses repayment capacity based on business cash flows.

Yes. Apply online at udyamimitra.in or through individual bank portals such as SBI's E Mudra. SBI E Mudra processes Shishu loans up to ₹50,000 digitally, often within 59 minutes for eligible applicants.

You need Aadhaar, PAN, proof of residence, business address proof, business ownership proof, and recent bank statements. Kishore and Tarun applicants must also submit a project report and quotations for equipment, if applicable.

Shishu loans via E Mudra portals can be sanctioned within 59 minutes to 7 working days. Kishore and Tarun loans, requiring deeper assessment, typically take 15–30 working days from document submission to disbursement.

Yes. Existing Mudra borrowers who have repaid their Tarun loan can apply for the higher Tarun Plus category (up to ₹20 lakh). Repeat Shishu and Kishore applications are also permitted, subject to lender assessment.

The lender must provide written reasons for rejection. You can reapply after addressing those gaps, approach a different member lending institution, or raise a grievance at scores.gov.in or through the bank's internal redressal mechanism.