Prime Minister MUDRA Yojna (PMMY)

PRADHAN MANTRI MUDRA YOJANA (PMMY), a flagship scheme of Government of

India, was launched on 8th April, 2015 by the Honble Prime Minister to fund the
unfunded by bringing such enterprises to the formal financial system and extending
affordable credit to them.
Any Individual, Proprietor, Partner, SHG, JLG etc.
Engaged in non-farm activity
Eligibility

For

starting/extending

business

activity

such

as

Manufacturing, Trading and Services etc..

Maximum upto `10.00 Lakh
3 category named as under:Loan Amount

1.

Shishu Loans upto `50,000/-

2.

Kishore Loans above `50,000/- to `5.00 Lakh

3.

Tarun Loans Above `5.00 lakh to `10.00 Lakh

Cash Credit
Type of Loan

Overdraft
Term Loan

Security

Hypothecation of Assets created out of Bank finance.

Upto `5.00 lakh Nil

Process Fee

Above `5.00 lakh to `10.00 lakh - `300/- per lakh or part

thereof

MUDRA Card

For working capital requirement maximum upto `20,000/MUDRA Card may be issued for cash withdrawal.