MUDRA Loan for Women

Pradhan Mantri Mudra Yojana for women scheme provides targeted assistance to women engaged in non-corporate, non-farming, small and micro enterprises. Under this scheme, women entrepreneurs can get a loan of up to ₹10 Lakhs from Commercial Banks, NBFCs, Small Finance Banks, RRBs, and MFIs.

To promote lending to women-led MSMEs, the scheme extends a reduction of 25 basis points in the interest rate to NBFCs and MFIs that offer loans to women. 

The fact that around 65% of the beneficiaries till October 2023 are women reflects the scheme’s success in empowering them. The total number of women beneficiaries of the Mudra loan amounts to approximately 3.5 Crores.

Women indulged in the following sectors or activities enjoy a special preference from banks under the Mudra scheme:

• Women weavers and ancillary workers involved in weaving activities

• Women involved in textile industries

• Women belonging to Scheduled Caste and Scheduled Tribe communities

• Women seeking loans to purchase transport vehicles, like auto rickshaws, three-wheelers, taxis, etc. 

• Women lending to purchase tractors/tractor trolleys/power tillers

• Women involved in community, social, and personal service businesses, like salons, beauty parlours, boutiques, tailoring shops, etc.

• Women entrepreneurs belonging to business activities allied with agriculture

• Women business owners involved in food products sectors