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Pradhan Mantri Mudra Loan Yojana 2021: Online Registration, Objectives, Eligibility & Benefits

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Short Info: प्रधानमंत्री मुद्रा लोन योजना – [Apply Online] Pradhan Mantri Mudra Yojana (PMMY) 2020 – Pradhan Mantri Mudra Loan Scheme Online Registration, PM Mudra Loan Yojna Application Form PDF SBI BOB ICICI Axis Download, Eligibility, Beneficiary List, Payment/ Amount Status, Features, Benefits and Check Online Application Status at Official Website www.mudra.org.in.

Short Scheme Details:
Name of Scheme Pradhan Mantri Mudra Yojana
Application Status Active
Scheme Benefit Working Capital and Term Loan
Scheme Published On 10/25/2020
Scheme Updated on 10/26/2020

Table of Content

प्रधानमंत्री मुद्रा योजना 2020: Pradhan Mantri Mudra Yojana List, Status News Update

Latest News Update:
You also want to start your own business Opportunities. For this, under the Pradhan Mantri Mudra Yojana (PMMY), you can get a loan without any guarantee to start a business.

Pradhan Mantri PM Mudra Loan Yojana 2020 Apply Online

Summary: If you want to set up your business, then the government is providing cheap loan facility for you. Actually, under the Pradhan Mantri Mudra Yojana (PMMY), you can get a loan without any guarantee to start a business. Under this scheme, you can take a loan of up to 50 thousand rupees to start your small work.

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by the Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.  The borrowers can approach the nearby branches of the lending institutions or apply for loans under the MUDRA scheme or apply online.

All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “Pradhan Mantri Mudra Yojana 2020” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.

Pradhan Mantri Mudra Yojana 2020 – Overview
Name of Scheme Pradhan Mantri Mudra Yojana (PMMY)
in Language प्रधानमंत्री मुद्रा योजना
Launched by PM Narendra Modi (Central Government of India)
Beneficiaries Citizen of India
Major Benefit Working Capital and Term Loan
Scheme Objective Business purpose, capacity expansion, modernization
Target Group Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.
Margin (%) Upto Rs. 50,000/- Nil
Rs. 50,001 to Rs. 10 lacs: 10%
Pricing Competitive Pricing Linked to MCLR
Repayment Period WC/TL: in 3 – 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation.
Review of WC/TL to be done annually.
Processing Fee Nil for Shishu and Kishore to MSE Units
For Tarun: 0.50%(plus applicable tax) of Loan amount
Mudra Loan Age Limit 18 to 65 years
Loan Tenure Loan can be repaid from period ranging from 3-5 years
Collateral No collateral or third party security is required
Loan Amount Upto ₹ 50,000 under Shishu category
From ₹ 50,001 to ₹ 5 Lakh under Kishor category
From ₹ 5 Lakh to ₹ 10 Lakh under Tarun category
Scheme under State Government
Name of State All India
Post Category Scheme/ Yojana/ Yojna
Official Website www.mudra.org.in
Important Dates
Event Dates
Starting Date to Apply Online
Last Date to Apply Online
Important Links
Event Links
Common Loan Application form for Kishor and Tarun Registration Form
Application Form for Shishu
Registration Form
Checklist for Shishu Application Registration Form
Pradhan Mantri Mudra Yojana Application form SBI pdf
Online Registration Form
Pradhan Mantri Mudra Yojana Application form BOB pdf Online Registration Form
Pradhan Mantri Mudra Yojana Application form ICICI pdf Online Registration Form
FAQ Click Here
Pradhan Mantri Mudra Yojana 2020 Official Website

Pradhan Mantri Mudra Yojana Online Registration Process

Pradhan Mantri Mudra Yojana (PMMY) or Mudra Loan is a funding scheme initiated by the Government of India. Mudra loan under PMMY provides funding support of maximum up to Rs. 10 lakh to individuals, SMEs, MSMEs, and non-corporate and non-farm small/micro-enterprises. For the loan under the Mudra scheme, you have to apply to the government or bank branch. For this, you will have to provide the ownership or rental documents, work-related information, Aadhaar, PAN number and many other documents.

All Eligible Applicants who want to apply to this scheme then read all instructions carefully and follow the given below steps to apply online application form:

Procedure to Apply Online Pradhan Mantri Mudra Yojana Application Form 2020

Step 1- Visit the Official Website of Pradhan Mantri Mudra Yojana i.e. www.mudra.org.in.

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Step 2- On the Homepage, There is an option for all three types of loans on the website. Click on any loan you want to download and download the form.

Step 3- The application Form PDF page will be displayed on the screen. After this you will have to take a print out of this application form.

Step 4- Now fill the required details (Mention all the details such as name, father/ husband name, date of birth, gender, caste and other information) and upload documents.Apart from general information in this form, you will also have to tell about the place of starting a business.

Step 5- If you are from reserved category then you will also have to submit caste certificate.

Step 6- You will also need two passport size photos while filling the form.

Step 7- After the process of filling the form, go to your bank or any bank and submit all the documents.

Step 8- During this time, the branch manager of the bank can take information about your business and work from you.

Step 9- After that he approves your loan. Within a few days of applying for a loan, you will get a Mudra Debit Card and your loan amount will be deposited in this card. Which you will be able to use to start your business.

Procedure to login to Mudra Portal

Step 1- Visit the Official Website of Pradhan Mantri Mudra Yojana i.e. www.mudra.org.in.

Step 2- On the Homepage, you have to click on the login button.

Step 3- After this, you will have to enter your username, password and captcha code.

Step 4- Now you have to click on the login button.

Step 5- In this way, you will be able to login on the currency portal.

How to apply for Pradhan Mantri Mudra Loan Scheme 2020?

Step 1- Interested beneficiaries who want to apply for getting loans under this scheme can go to their nearest government bank, private bank, rural bank and commercial bank, etc. with all their documents and apply.

Step 2- After this, go to the bank from which you want to take a loan and fill the application form

Step 3- After filling the form and attaching it with all your documents and submit it to the bank official.

Step 4- Then after verifying all your documents, the bank will give you a loan within 1 month.

Required Document for Pradhan Mantri Mudra Yojana

Important Document to Apply Online
  • Aadhar Card
  • Pan Card
  • Permanent address of the application
  • Business address and proof of establishment
  • Balance Sheet for the last three years
  • Income Tax Returns और Self tax Returns
  • Passport size photo

Vehicle Loans

  • Mudra application form
  • Vehicle loan application form
  • 2 passport size color photographs
  • Photo Identity proof
  • Address proof
  • Income proof
  • Bank statement (last 6 months)

Business Installment Loan

  • Mudra application form
  • BIL application form
  • Photo identity proof
  • Address proof
  • Establishment proof
  • Bank statement (last 6 months)
  • Ownership proof of residence/office
  • Proof of continuity of business
  • Proof of qualification
  • Trade references
  • 2 years ITR
  • CA certified financials

Business Loans Group and Rural Business Credit

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity and age proof
  • Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

Pradhan Mantri Mudra Yojana Eligibility Criteria

Beneficiary Guidelines
  • The person taking the loan should not be less than 18 years of age.
  • Applicant should not be a defaulter in any bank
  • Applicants earning should be more than 17000 rupees.
  • Applicants have a job record for at least two years.
  • Under this scheme, businesses, sellers, shopkeepers, small industrialists, manufacturers, agricultural-related people and traders who want to start a business can take loans.
  • All non-corporate non-farm enterprises.
  • Primarily engaged in income generation through manufacturing, trading and services.
  • Where the requirement of credit is for maximum Rs.10 lakhs or lower.
  • Engaged in allied agriculture services since 1st April 2016.

Beneficiaries of Pradhan Mantri Mudra Yojana

  • Soul proprietor
  • partnership
  • Service sector companies
  • Micro industry
  • Repair shops
  • Owner of trucks
  • Food trade
  • The seller
  • Micro Menu Manufacturing Form

Pradhan Mantri Mudra Yojana 2020: Online Application Form

ABOUT SCHEME
Pradhan Mantri Mudra Yojana 2020: Online Application Form PDF Download – Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in .

Pradhan Mantri loan yojana 2020 New List

Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

The funding support from MUDRA are of two types:

  • Micro Credit Scheme (MCS) for loans up to 1 lakh finance through MFIs.
  • Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Small Finance Banks / Non Banking Financial Companies (NBFCs).

Here is a list of popular banks from which you can avail a Mudra loan:

Public Sector Banks

  • State Bank of India
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Corporation Bank
  • Central Bank of India

Private Sector Banks

  • Axis Bank Ltd.
  • Catholic Syrian Bank Ltd.
  • City Union Bank Ltd.
  • DCB Bank Ltd.
  • Federal Bank Ltd.
  • HDFC Bank Ltd.

Regional Rural Banks

  • Andhra Pragathi Grameena Bank
  • Chaitanya Godavari Grameena Bank
  • Deccan Grameena Bank
  • Saptagiri Grameena Bank
  • Bihar Gramin Bank
  • Madhya Bihar Gramin Bank

Co-operative Banks

  • Gujarat State Co-op Bank Ltd
  • Mehsana Urban Co-op Bank
  • Rajkot Nagarik Sahakari Bank
  • Kalupur Commercial Co-op Bank

MFI List offering mudra loan

  • S V Creditline Pvt. Ltd.
  • Margdarshak Financial Services Ltd.
  • Madura Micro Finance Ltd.
  • ESAF Micro Finance & Investments P. Ltd.
  • Fusion MicroFinance P. Ltd.
  • Ujjivan Financial Services P. Ltd.

List of NBFC

  • Reliance Capital Ltd.
  • Fullerton India Credit Co. Ltd.
  • Shriram Transport Finance Co. Ltd.
  • SREI Equipment Finance Ltd.
  • Magma Fincorp Ltd.

What are the benefits and interest rates?

  • Under the Pradhan Mantri Mudra Yojana (PMMY), the government gives loans without guarantee.
  • Not only this, no processing charge is also charged from the beneficiary for this.
  • Under this, different rates are charged on the loan taken and it depends on the nature of your work. However, the minimum interest rate is around 12%.

Mudra Loans could be availed for the following

  • Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan
  • Business Installment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.
  • Business Loans Group Loans (BLG) and Rural Business Credit (RBC): We offer Drop line overdraft/Overdraft facility/Working capital loans

Types of Pradhan Mantri Mudra Yojana

Within the framework and overall objective of development and growth of the micro-enterprises sector under Shishu, Kishore and Tarun, the products being offered by MUDRA are so designed, to meet requirements of different sectors/business activities as well as business/ entrepreneur segments.

Three types of loans are given under this scheme.

  • Shishu Loan: Under this type of Mudra scheme, loans up to ₹ 50000 will be allocated to the beneficiaries.
  • Kishore Loan: Under this type of Mudra scheme, beneficiaries of loans ranging from ₹ 50000 to ₹ 500000 will be allocated.
  • Tarun Loan: Under this type of Mudra scheme, loans ranging from ₹ 500000 to ₹ 1000000 will be allocated to the beneficiaries.
The broad parameters defining the Micro Enterprise Sector in India
Geographical composition of the sector Rural 54%
Urban 46%
Composition of Own Account Enterprises by Engagement in Business activity Manufacturing 30%
Service 34%
Trading 36%

MUDRA Card under PM Mudra Loan

MUDRA Card is a debit card issued against the MUDRA loan account, for working capital portion of the loan. The borrower can make use of MUDRA Card in multiple drawals and credits, so as to manage the working capital limit in cost-efficient manner and keep the interest burden minimum. MUDRA Card also helps in digitalization of MUDRA transactions and creating credit history for the borrower.

MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro ATM and also make payment through any ‘Point of Sale’ machines.

Banks Under Mudra Scheme

  • Allahabad Bank
  • Bank of india
  • Corporation Bank
  • ICICI Bank
  • j & k bank
  • Punjab and Sindh Bank
  • Syndicate Bank
  • Union Bank of India
  • Andhra Bank
  • Bank of Maharashtra
  • Dena Bank
  • IDBI Bank
  • Karnataka Bank
  • Punjab National Bank
  • Tamil nadu marsatil bank
  • Axis Bank
  • Canara Bank
  • Federal Bank
  • Indian Bank
  • Kotak Mahindra Bank
  • Saraswat Bank
  • Uco bank
  • Bank of baroda
  • Central Bank of India
  • HDFC bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • State Bank of India
  • Union Bank of India

MUDRA Loan Interest Rate:

The interest rate applied on MUDRA loans are based on RBI defined MCLR (Marginal Cost of Lending Rate) with the following break-up.

Up to Rs.50000:

  • Micro Enterprises: MCLR + SP
  • Small Enterprises: (MCLR + SP) + Bank Load

Above Rs.50000 up to Rs.2 lakhs:

  • Micro Enterprises: (MCLR + SP) + Bank Load
  • Small Enterprises: (MCLR + SP) + Bank Load

Above Rs.2 lakhs up to Rs.10 lakhs:

  • Micro Enterprises: (MCLR + SP) + Bank Load
  • Small Enterprises: (MCLR + SP) + Bank Load

Interest Rates on Mudra Loan Bank Wise

SBI – 9.75% onwards
Andhra Bank – 10.50% onwards
Bank of Baroda – 9.65% onwards
Bank of Maharashtra – 8.55% onwards
Corporation Bank – 9.35% onwards

Mudra Loan Achievements

Achievements Under PMMY in Financial Year: 2019-2020

No. of PMMY Loans Sanctioned 62237981
Amount Sanctioned Rs. 337465.13 Crore
Amount Disbursed Rs. 329684.63 Crore

Above data is last updated on: 21/07/2020

 Achievements Under PMMY in Financial Year: 2018-2019

No. of PMMY Loans Sanctioned 59870318
Amount Sanctioned Rs. 321722.79 CRORE
Amount Disbursed Rs. 311811.38 CRORE

Source: https://www.mudra.org.in/

Objectives of Pradhan Mantri Mudra Yojana 2020

SCHEME OBJECTIVE
  • To create an inclusive, sustainable and value-based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security.
  • With an objective to promote entrepreneurship among the new generation aspiring youth, it is ensured that more focus is given to Shishu Category Units and then Kishore and Tarun categories.

Purpose of MUDRA loan

  • Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities
  • A working capital loan through MUDRA Cards
  • Equipment Finance for Micro Units
  • Transport Vehicle loans – for commercial use only
  • Loans for agri-allied non-farm income-generating activities, e.g. pisciculture. beekeeping, poultry farming, etc.
  • Tractors, tillers as well as two-wheelers used for commercial purposes only.

Following is an illustrative list of the activities that can be covered under MUDRA loans:

1) Transport Vehicle

2) Community, Social & Personal Service Activities

3) Food Products Sector

4) Textile Products Sector / Activity

5) Business loans for Traders and Shopkeepers

6) Equipment Finance Scheme for Micro Units

7) Activities allied to agriculture

Major Benefits & Key Features of Scheme

BENEFICIARY BENEFITS & SCHEME FEATURES
  • Under this scheme, you can take a loan of up to 50 thousand rupees to start your small work.
  • Mudra Yojana was launched by Prime Minister Narendra Modi (PM Modi) in April 2015.
  • The facility is collateral free i.e. borrowers need not provide any security or collateral for availing Mudra loan.
  • Mudra loans are offered under PMMY with the help of Public and Private Sector Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) and Regional Rural Banks (RRBs).

Helpline Number

HELPLINE NUMBER & CONTACT ADDRESS
REGISTERED AND CORPORATE OFFICE
SWAVALAMBAN BHAVAN, C-11, G-BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI – 400 051

Mudra Loan Scheme Helpline No. 2020 – Pradhan Mantri Mudra Yojana

state Phone number
Maharashtra 18001022636
Chandigarh 18001804383
Andaman and Nicobar 18003454545
Arunachal Pradesh 18003453988
Bihar 18003456195
Andra Pradesh 18004251525
Assam 18003453988
Daman and Diu 18002338944
Dadra Nagar Haveli 18002338944
Gujarat 18002338944
Goa 18002333202
Himachal Pradesh 18001802222
Haryana 18001802222
Jharkhand 18003456576
Jammu and Kashmir 18001807087
Kerala 180042511222
Karnataka 180042597777
Lakshadweep 4842369090
Meghalaya 18003453988
Manipur 18003453988
Mizoram 18003453988
Chhattisgarh 18002334358
Madhya Pradesh 18002334035
Nagaland 18003453988
NCT of Delhi 18001800124
Odisha 18003456551
Punjab 18001802222
Puducherry 18004250016
Rajasthan 18001806546
Sikkim 18004251646
Tripura 18003453344
Tamil Nadu 18004251646
Telangana 18004258933
Uttarakhand 18001804167
Uttar Pradesh 18001027788
West Bengal 18003453344

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