The PM Mudra Loan 2026 scheme (Pradhan Mantri MUDRA Yojana) gives collateral-free business loans up to ₹10 lakh to small and micro entrepreneurs. No guarantor, no security deposit. The loan is available through banks, RRBs, MFIs, and NBFCs. Apply online at udyamimitra.in or visit any branch. Last updated: 17.05.2026.
PM Mudra Loan 2026 – Loan Categories
| Category | Loan Amount | For |
|---|---|---|
| Shishu | Up to ₹50,000 | Starting a new micro business |
| Kishore | ₹50,001 to ₹5 lakh | Expanding an existing business |
| Tarun | ₹5 lakh to ₹10 lakh | Scaling up a running business |
| Tarun Plus (new) | ₹10 lakh to ₹20 lakh | Good repayment record holders |
PM Mudra Loan 2026 – Important Links
| Description | Link |
|---|---|
| Apply Online (Udyami Mitra) | Click Here |
| Official MUDRA Website | Click Here |
| Download Scheme PDF | Click Here |
| myScheme Page | Click Here |
What is PM Mudra Yojana
MUDRA stands for Micro Units Development and Refinance Agency. The scheme targets non-farm income-generating businesses that are too small for formal bank loans but need capital to grow. Street vendors, small shop owners, artisans, service providers, and small manufacturers all qualify if they have a viable business idea or running micro-enterprise.
Eligibility
- Indian citizen aged 18 or above
- Own or plan to start a non-farm income-generating activity
- Business should not be a registered company or corporate entity
- No previous default on government loans
- Agriculture-related processing activities also eligible
How to Apply
- Visit udyamimitra.in and create an account
- Fill the online loan application with business details
- Upload required documents
- Your application goes to the preferred lender (bank/MFI/NBFC)
- Lender reviews and sanctions — typically 7-15 working days for Shishu loans
You can also walk into any bank branch and ask for a Mudra Loan application. All public sector banks and most private banks participate.
Documents Required
- Identity proof: Aadhaar / PAN / Voter ID
- Address proof: Aadhaar / utility bill / bank statement
- Business proof: Udyam registration / shop license / GST certificate (if applicable)
- Bank statement for last 6 months
- Passport-size photograph
- Filled Mudra loan application form (available at the bank branch)
Key Features
- No collateral or security required for loans up to ₹10 lakh
- No processing fee for Shishu category loans
- Loan tenure flexible — typically 3 to 5 years
- Mudra card issued for working capital requirements
- Eligible for CGTMSE guarantee cover
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