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Pradhan Mantri MUDRA Yojana (PMMY) · Sarkari Paisa

Home›Schemes›PMMY / MUDRA

ACTIVEIn forceiStatus reflects the scheme record; individual clauses may differ.Administered by SIDBI

Pradhan Mantri MUDRA Yojana (PMMY)

Collateral-free micro-credit up to ₹20 lakh via member lending institutions.

MSME & Industry Services Manufacturing Trading

What this pays

Not known yet

No subsidy figure has been verified from this scheme's own order. Check the source below before assuming an amount.

Scheme guidelineT2UNVERIFIEDas of 24 Oct 2024verify current

Nothing more to show

No overview, state applicability, or FAQ content on file for this scheme yet.

[V1 draft] age 18-65; sector: manufacturing, service, trading, food-processing; applicant: Individual, MSME, SHG, Partnership, Company
SourceT4UNVERIFIEDas of 1 Jun 2026

Loan terms

Loan amount: — – ₹10,00,000
Margin: 0.1%
Tenure: —–60 months
Moratorium: —
Collateral: Not required

Currency

INR

No land required (V1 draft)

SourceT4UNVERIFIEDas of 1 Jun 2026

Loan amount: — – ₹10,00,000
Margin: 10%
Tenure: —–60 months
Moratorium: —
Collateral: —
Currency: INR

SourceT4UNVERIFIEDas of 23 Jul 2026

Loan amount: ₹1 – ₹20,00,000
Margin: —
Tenure: —
Moratorium: —
Collateral: Not required
Currency: INR

Collateral-free micro-credit under CGTMSE / CGFMU coverage.

SourceT2UNVERIFIEDas of 24 Jul 2026

Interest rates

Rate: 8% – 12% p.a.
Type: RANGE
Basis: —

Varies by lending institution and category.

SourceT2as of 1 Apr 2024verify current

Rate: 10.5% – 10.5% p.a.
Type: FIXED
Basis: —

~8–12% (V1 draft)

SourceT4UNVERIFIEDas of 1 Jun 2026

Papers you need

8 documents to gather

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How to apply

1Approach any MUDRA lending institution (bank / RRB / SFB / NBFC / MFI) or apply via the Jan Samarth / Udyamimitra portalDone by: ApplicantOpen the official page →

2Submit loan application with business plan and KYC documentsDone by: Applicant

3Bank appraisal and sanction (collateral-free up to ₹20 lakh)Done by: Bank

4Disbursement; MUDRA / RuPay card issued for working-capital drawdownDone by: Bank

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