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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.

Features of the 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.

Documents Required for Mudra Kishore Loan

The documents that you need to apply for a Mudra Kishore loan are:

  • An identity proof such as your Voter’s ID, PAN card, Aadhaar card, driver’s licence, passport or any other government-issued credential with your picture on it

  • A residence proof such as telephone or electricity bills, property tax receipts (not older than 2 months), Aadhaar card, Voter’s ID, passport, bank passbook, or account statements or domicile certificates issued by the concerned local body

  • Two of your most recent photographs, which should not be older than six months

  • Balance sheets for your business with respect to the last two financial years

  • Your income tax and sales tax returns of at least the past 2 years

  • Your bank account statements for the previous 6 months

  • Estimated balance sheet of your business for the next 1 year or for the required loan duration

  • Memorandum of Association and Articles of Association, if in case your company is a public or a private limited firm

  • Sales made by your business in the financial year prior to the one in which you are applying for the Kishore Mudra Loan

  • Reports explaining the economic and technical sustainability of your business

  • Proof of identity and address of your business/enterprise with copies of relevant licences, registration of ownership, and the likes

  • Proof of category such as SC/ST/OBC, if you belong to any of these caste groups

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Application Process for Mudra Kishore Loans

To apply for the Mudra Kishore loan, you must follow the below-mentioned steps:

  • Step 1: Log on to the Udyami Mitra online portal at https://udyamimitra.in/ and then click on the ‘Apply Now’ button.

  • Step 2: Select the ‘Type of borrower’ on the next page and then fill in the required information on the following page. You must then verify your mobile number with a one-time password (OTP) you will receive on the mobile number you have submitted to go further.

  • Step 3: On the page that you are redirected to, enter your personal and professional details to proceed.

  • Step 4: Once the basic information has been filled in, you will be greeted with a welcome message, around which, you will find an ‘Apply Now’ button. Click on it, and then click on ‘Kishore’ on the following page to move to the next step.

  • Step 5: On the next page, you must fill in details regarding your business, such as the sector you operate in, the reason why you need the loan, your monetary requirement, your lender of choice and the likes. At the end of this step, you must upload the required documents and then click on the ‘Submit’ button to make progress.

  • Step 6: Finally, you will see a declaration page. To complete the Mudra Kishore Loan application process, tick on the appropriate checkboxes to proceed.


Alternatively, if you want to apply for the Kishore loan through the offline method, you can visit a commercial or private sector bank. Once you are there, submit a duly filled copy of the downloaded mudra loan application form with all the documents required. Once they have been verified, you will receive the loan amount in the specified bank account. You must note that along with the required documents, you will additionally need to submit a self-written business plan.

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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!

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