By November 2019, close to 10 lakh crore loans have been sanctioned under Pradhan Mantri Mudra Yojana, which was launched in April 2015. It offers three kinds of loans:

  • Shishu loans upto ₹50,000 to individuals in the early stage of business

  • Kishor loans upto ₹ 5 lakh to established enterprises for expansion

  • Tarun loans upto ₹ 10 lakhs to a fully established business

What is the Mudra Loan (PMMY) eligibility criteria?

Mudra loans extends loans to non-corporate, non-farming micro, small and medium enterprises (MSMEs) in rural and urban India. You are eligible for PMMY scheme if you are:

  • Small manufacturer

  • Artisan

  • Fruit and Vegetable Dealer

  • Shopkeeper

  • Individual occupied in Agriculture

MUDRA loans can be availed from any participating banks, NBFCs (Non-Banking Financial Institutions) or MFIs (Micro Finance Institutions).

What are some of the activities for which MUDRA loan can be availed in the food products sector?

 Mudra loan (PMMY) eligibility is extended to the following businesses in food and allied industry:

  • Units making pickles, papads, jams and ice-creams

  • Bakeries, sweet shops, food stalls, canteen or catering facilities

  • Cold storages or agricultural produce preservation centres

What kind of businesses in the agricultural sector can avail a MUDRA loan?

A business that generates its income from activities below qualifies for MUDRA scheme loan:

  • Poultry, fisheries and livestock units

  • Pisciculture and beekeeping facilities

  • Agriclinics and agribusiness centres

Are non-farm income generating businesses eligible for the PMMY - MUDRA Loan?

Absolutely. Enterprises involved in sectors other than farming can also avail loan under the Pradhan Mantri Mudra Yojana. These include:

Textile industries such as:

  • Chikankari, zardozi and other hand or computer embroidered units

  • Units running a powerloom or handloom facility, knitting or fabric dyeing and printing

  • Facilities producing accessories such as bags, furnishings etc

Businesses providing services to a community or society:

  • Beauty parlours and salons

  • Gymnasiums and health and fitness centres

  • Tailoring shops and boutiques

  • Motorcycle, car, scooter or cycle repair shops

  • Dry cleaning shops

  • Photocopy shops or internet cafes

  • Medical shops and courier agencies

Can MUDRA loan be availed for the purchase of goods vehicles or taxis?

Loans as per the MUDRA scheme are available to those looking to purchase a taxi, passenger car, or a vehicle to transport small goods or even an auto rickshaw.

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