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Mudra Loan Eligibility

Under the scheme of Pradhan Mantri Mudra Yojana (PMMY), MUDRA (Micro Units Development and Refinance Agency) has created three products. This signifies the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and provides a reference point for the next phase of growth. These are the products according to their loan amount that you can avail.

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Mudra Loan Eligibility

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  1. Mudra Loan Eligibility

  2. Mudra Loan Eligibility Under the scheme of PradhanMantri Mudra Yojana (PMMY), mudra loan eligibility (Micro Units Development and Refinance Agency) has created three products. This signifies the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and provides a reference point for the next phase of growth. These are the products according to their loan amount that you can avail. • Shishu: covering loans up to 50,000/- • Kishor: covering loans above 50,000/- and up to 5 lakhs • Tarun: covering loans above 5 lakh and up to 10 lakhs

  3. The Mudra scheme eligible criteria can extend a mudra loan interest rate to non-corporate, non-farming micro, small, and medium enterprises in rural and urban India. The following individuals are eligible for the scheme: • A small manufacturer • An artisan • A fruit and vegetable dealer • A shopkeeper • An individual occupied in Agriculture (poultry, fisheries, livestock units, etc.) The other eligible criteria are given below. We have provided the Mudra Yojana eligibility criteria in detail. • An individual should be a minimum of 18 years and a maximum age of 65 years. • Loans can be availed by new and existing MSME units. • Collateral, no collateral or third-party security is required for the loan. • Eligible Lending Institutions, Public Sector Banks, Private Sector Banks, Regional Rural Banks, Micro-Finance Institutions • Additionally, you required certain documents which are asked for by the lender.

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