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 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 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 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.

Those who qualify under the aforementioned criteria can easily avail loans of up to Rs. 10 lakhs. However, if you are looking for a higher loan amount with quick approval and disbursal from a trusted lender, look no further than Bajaj Finserv business loans available on Finserv MARKETS.

Be it start-ups looking for new-age instructure or a small and medium enterprise looking to upgrade machinery, you can find a business loan of up tailored to your needs on Finserv MARKETS. Convenient online process, zero collateral, flexible repayment options, high loan amount of upto ₹30 lakhs, loan disbursal in less than 3 minutes along with exclusive offers make the Bajaj Finserv business loans on Finserv MARKETS all the more attractive.


Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!