You can avail a Mudra Kishore loan as a part of the Pradhan Mantri Mudra Yojana (PMMY) scheme. This particular initiative was launched by the Government of India to give Micro, Small and Medium Enterprise owners like you the capital infusion you need. As a Mudra Kishore loan, you can avail anywhere between ₹50,000 to ₹5 Lakhs depending on your scale of operations, eligibility, and monetary requirement. The money acquired as a Mudra Kishore loan can help you meet working capital requirements, buy new machinery or even consolidate high interest debt. On an average, about 40 percent of the amount sanctioned as Mudra loans is given to entrepreneurs like you in the form of Kishore loans. This article will tell you everything you need to know about Mudra Kishore loans.
Some of the features of the Mudra Kishore loan are:
With a Mudra Kishore loan, you can get funding of anywhere between ₹50,000 to ₹5 Lakhs.
You can get a Mudra Kishore loan to meet your working capital requirement, consolidate high interest business debt, pay off your creditors, or to just survive a harsh economic environment.
You can repay the money availed as a Mudra Kishore loan within the time period of anywhere between 3 to 5 years.
You will not have to pay any processing fees while availing a Mudra Kishore loan.
As a Kishore loan borrower, the highest interest rate you will pay is 12% per annum.
You do not have to offer any kind of security to get a Mudra Kishore loan.
The government of India has helped multiple MSME owners like you achieve their business goals by approving Kishore loans for them since its inception. The table below will provide you with the exact figures regarding Kishore loan amount disbursals and loan accounts opened every financial year since the launch of the Pradhan Mantri Mudra Loan Yojana.
Financial Year |
Number of Loan Accounts |
Total Amount Sanctioned (₹ crores) |
FY 2015-16 |
20,69,461 |
41,073 |
FY 2016-17 |
26,63,502 |
53,545 |
FY 2017-18 |
46,53,874 |
86,732 |
FY 2018-19 |
66,06,009 |
1,04,386 |
FY 2019-20 |
64,71,873 |
95,578 |
FY 2020-21 |
94,86,160 |
1,32,516 |
Kishore loans can come to your rescue when you need money for expansion or just survival. If you are unable to secure the Kishore Mudra loan, you can always apply for a small business loan through Bajaj Markets. The lending partners at Bajaj Markets offer business loans at competitive interest rates and flexible loan repayment tenures. Apply for a business loan, today!