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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.

Mudra Loan Eligibility for Women

To apply for a Mudra loan, prospective women borrowers need to meet the following eligibility criteria:

  • The applicant must be an Indian citizen

  • The applicant must be between 18 years and 65 years old

  • The business opting for this loan must be an MSME involved in the non-farming and non-corporate sectors

  • The applicant must have a good credit score

  • The applicant must provide a well-documented business plan to get Mudra financing from banks  

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Preferences Given Under the Mudra Scheme for Women

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

FAQs on the MUDRA Loan for Women

How does the Mudra scheme benefit women entrepreneurs?

The Mudra scheme allows women entrepreneurs to secure affordable loans of up to ₹10 Lakhs. By leveraging this credit facility, they can expand their business opportunities, empower themselves, create jobs, foster economic growth, and experience financial independence.

Are there any special provisions under the Mudra scheme for women?

Yes, Mudra extends a reduction of 25 basis points in interest rate for institutions providing loans to women entrepreneurs.

Can individual women borrowers apply for Mudra loans?

Yes, individual women borrowers can get loans under the Mudra scheme, provided they meet the eligibility criteria.

What is the minimum loan amount available under the Mudra scheme for women?

The Mudra scheme has no minimum loan amount. However, the maximum loan amount is ₹10 Lakhs.

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