प्रधान मंत्री मुद्रा योजना

MUDRA loan, scheme, Interest Rate, Eligibility

“Her determination to do something for herself, as well as the significant push she received through MUDRA Yojana, are the driving forces behind her success”.

MUDRA is a government initiative that provides financing to non-corporate small business units across the country. MUDRA provides citizens with a means through which they can turn their dreams into reality by assisting small entrepreneurs, artisans, and skilled workers by providing credit without the need for a guarantor or collateral.

What is Mudra Loan?

The Government of India launched the Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015, to assist various non-farm small/micro enterprises and non-corporate enterprises with their funding needs. The scheme was  introduced to provide these organisations with loans of up to Rs. 10 lakhs known as MUDRA loans. Loans are available from any NBFC, MFI, Commercial Bank, Small Finance Bank, or RRB.

MUDRA, or Micro Units Development and Refinance Agency, is a lending institution that was established with the primary goal of extending loans. It began as a wholly-owned subsidiary of SIDBI (Small Industries Development Bank of India) as a refinancing company with a paid-up capital of Rs. 750 crores and authorized capital of Rs. 1000 crores.

As a result of the Pradhan Mantri Jan Dhan Yojana

With the introduction of the Jan Dhan Yojana in 2014, the country saw the start of a new era. The initiative was an attempt to bring the entire country under a financial framework while also supporting and nurturing the dreams of millions. The Yojana provides access to various financial services such as basic savings bank accounts, access to need-based credit, remittances, insurance, and pensions to groups previously excluded from this framework.

The government of Narendra Modi has always prioritized the needs of the common man. Following financial inclusion, the government recognized the need to create an eco-system that reflects and nurtures the country’s ambitions. Pradhan Mantri MUDRA Yojana moved financial inclusion one step closer to financial independence. An initiative that fosters creative thinking while meeting the ongoing need for financial assistance.

You Can ‘Grow More’ Than A Mudra Loan!

MUDRA has transformed the lives of 8.7 crore people by streamlining processes, eliminating lengthy procedures, and creating a welcoming environment for aspiring entrepreneurs. The yojana, which funds the unfunded, has gradually and steadily become a medium for achieving financial independence, particularly for women, who account for 78 percent of total beneficiaries.

The yojana encourages small businesses and independent entrepreneurs to venture out while assuring them of a secure support system. Mudra has been able to give citizens like Akshat and Kiran a way to change their lives and the lives of others by encouraging millions.

What is the Mudra Yojana scheme for women?

The scheme provides loan principal ranging from Rs. 50,000 to Rs. 10 lakhs to assist women in financing their own business ventures. The loan is further available in three different categories –

Shishu – a loan of up to Rs. 50,000 for businesses starting up.

Kishore – loan amounts ranging from Rs. 50,001 to Rs. 5 lakhs for established businesses seeking additional funds.

Tarun – loan amounts ranging from Rs. 5,00,001 to Rs. 10 lakhs for well-established businesses that meet loan eligibility criteria.

The Mudra scheme loan application is the same for Shishu and Kishore products. However, for the Tarun scheme, a separate application form is to be filled out.

Data Under PMMY for FY 2022-2023

Financial Year2022 - 2023
No. Of PMMY Loans Sanctioned10087206
Amount Sanctioned72014.92 CR (INR)
Amount Disbursed67827.42 CR (INR)


For FY-2022-2023, the last date of submission of claims under 2% Interest Subvention Scheme (ISS) Shishu Loans has been extended till June 30, 2022. All MLIs which have received payment of their claims and no further claim is proposed from their end are requested to submit the reconciliation certificate and Annexure (as per format) at the earliest.

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Harsh Kumar
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