Pradhan Mantri MUDRA Yojana 2023: Check Eligibility Online Apply for Loan Scheme

Govt Schemes loan Pradhan Mantri

Pradhan Mantri MUDRA Yojana (Micro Units Development and Refinance Agency) is a flagship scheme of the Government of India, introduced to provide financial support to micro and small enterprises in the country. The scheme was launched by the Government of India in April 2015 as part of the Prime Minister’s vision of “Make in India” and to promote entrepreneurship and job creation.

The objective: of the Pradhan Mantri MUDRA Yojana is to facilitate funding for small businesses, startups, and entrepreneurs from the non-corporate, non-farm sector, which includes manufacturing, trading, and services activities. The scheme primarily focuses on providing financial assistance to micro-enterprises that do not have easy access to formal credit channels.

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Pradhan Mantri MUDRA Yojana Overview

Name of PostPradhan Mantri MUDRA Yojana
Scheme NamePrime Minister Mudra Loan Scheme 
initiated byby Prime Minister Narendra Modi
Beneficiarycountry people
Objectiveprovide loan
official websitehttps://www.mudra.org.in/

Under the MUDRA Yojana, loans are provided through various financial institutions, including banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), and Cooperative Societies. The loans are classified into three categories based on the loan amount:

  1. Shishu: Loans up to INR 50,000.
  2. Kishore: Loans from INR 50,001 to INR 5,00,000.
  3. Tarun: Loans from INR 5,00,001 to INR 10,00,000.

The loans under this scheme can be utilized for various purposes, such as working capital requirements, purchasing machinery or equipment, renovating premises, and for other business-related activities.

To avail of the benefits of the MUDRA Yojana, individuals or entities need to approach the participating financial institutions and submit the necessary documentation and business plan. The loans are provided without any collateral security or guarantor requirement, making it easier for small businesses to access credit.

The Pradhan Mantri MUDRA Yojana has played a crucial role in promoting entrepreneurship and supporting the growth of small enterprises in India. It has helped in improving financial inclusion, generating employment opportunities, and empowering individuals to start their own businesses.

Pradhan Mantri MUDRA Yojana

Banks covered under Mudra Yojana

  • Allahabad Bank
  • Bank of India
  • Corporation Bank
  • ICICI Bank
  • j&k bank
  • Punjab And Sind Bank
  • Syndicate Bank
  • Union Bank of India
  • Andhra Bank
  • Bank of Maharashtra
  • Dena Bank
  • IDBI Bank
  • Karnataka Bank
  • Punjab National Bank
  • Tamil Nadu Mercateile 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

Beneficiaries of PM Mudra Loan Yojana

  • sole proprietor
  • partnership
  • service sector companies
  • micro industry
  • repair shops
  • owner of trucks
  • food business
  • Seller
  • micro manufacturing form

Mudra Loan Yojana State Wise Report

1. Shishu loan

state name number of beneficiaries Amount approved (in crores) Amount disbursed (in crores)
 Ladakh 137 0.49 0.49
 Jammu and Kashmir 35219 112.39 111.22
 Himachal Pradesh 26541 84.25 76.02
 Punjab 448074 1358.06 1336.08
 Uttarakhand 114071 378.77 371.80
 Haryana 371757 1160.53 1146.07
 Rajasthan 1223374 3655.58 3635.11
 Delhi 48015 112.12 108.63
 Uttar Pradesh 2022941 5865.82 5762.65
 A state in Eastern India 2525017 7611.54 7535.45
 Sikkim 3169 9.92 9.40
 Assam 160273 413.12 402.15
 Arunachal Pradesh 1864 4.81 4.72
 Nagaland 2172 6.86 6.55
 Manipur 21441 55.40 54.42
 Mizoram 321 1.01 0.88
 Tripura 119598 348.08 346.03
 West Bengal 2002550 4939.17 4912.35
 Jharkhand 701087 1949.19 1925.40
 Madhya Pradesh 1256854 3578.59 3497.73
 Gujarat 615126 2001.32 1992.52
 Chhattisgarh 339351 960.28 950.28
 Odisha 1772974 4760.39 4733.15
 Maharashtra 1697024 4541.56 4520.27
 Andhra Pradesh 193324 509.93 498.98
 Telangana 93453 204.05 186.67
 karnataka 1750715 4704.07 4694.33
 tamil nadu 2678037 8810.82 8791.58
 Kerala 683984 1970.86 1960.42
 Pondicherry 61653 205.94 205.37
 Goa 11145 34.53 33.44
 lakshdeep 121 0.47 0.45
 Andaman and Nicobar Island 121 0.31 0.30
 Daman and Diu 132 0.26 0.16
Dadar And Nagar Haveli3330.980.97
Chandigarh388610.2410.07

2. Kishore loan

state name number of beneficiaries Amount approved(in crores) Amount disbursed (in crores)
 Ladakh 3910 81.56 936
 Jammu and Kashmir 94216 2076.69 2036.75
 Himachal Pradesh 23413 511.49 458.51
 Punjab 103939 1554.77 1454.62
 Uttarakhand 29676 523.72 494.88
 Haryana 101895 1228.74 1162.32
 Rajasthan 242474 3093.78 3001.18
 Delhi 17725 318.49 303.80
 Uttar Pradesh 402439 5189.17 4915.72
 A state in Eastern India 518211 5216.12 4472.94
 Sikkim 3169 9.92 9.40
 Assam 32645627.10 510.14
 Arunachal Pradesh 482 12.47 11.36
 Nagaland 2066 41.35 38.74
 Manipur 3498 57.66 51.15
 Mizoram 703 14.10 13.08
 Tripura 22941 285.32 267.74
 West Bengal 316484 4337.28 4003.48
 Jharkhand 136262 1443.83 1337.82
 Madhya Pradesh 239822 2966.79 2657.99
 Gujarat 132539 1776.20 1733.72
 Chhattisgarh 65245 851.89 794.20
 Odisha 216014 2292.63 2170.50
 Maharashtra 305562 3811.85 3642.63
 Andhra Pradesh 153863 2497.46 2397.55
 Telangana 45090 916.66 871.72
 karnataka 411211 4676.80 4582.86
 tamil nadu 399401 4855.54 4735.03
 Kerala 180629 2058.39 1989.63
 Pondicherry 12382 143.96 141.40
 Goa 5352 101.77 91.35
 lakshdeep 218 5.38 5.32
 Andaman and Nicobar Island 465 13.71 13.45
 Daman and Diu 190 4.45 4.17
Dadar And Nagar Haveli3185.695.58
Chandigarh166137.88776

3.youth loan

state name number of beneficiaries Amount approved(in crores) Amount disbursed (in crores)
 Ladakh 4983 152.60 151.02
 Jammu and Kashmir 16333 1198.50 1169.77
 Himachal Pradesh 6061 506.10 476.73
 Punjab 12806 1077.25 1005.47
 Uttarakhand 5428 455.53 432.96
 Haryana 10333 805.15 759.52
 Rajasthan 25811 2098.21 2020.19
 Delhi 6720 559.75 525.24
 Uttar Pradesh 44357 3997.22 3693.65
 A state in Eastern India 22539 1795.15 1599.76
 Sikkim 272 23.14 20.66
 Assam 6936 531.70 474.25
 Arunachal Pradesh 290 24.19 22.49
 Nagaland 474 38.75 33.37
 Manipur465 38.13 33.83
 Mizoram 246 20.54 18.76
 Tripura 1031 75.37 69.90
 West Bengal 30099 2191.42 1973.36
 Jharkhand 9663780.31 678.53
 Madhya Pradesh 23082 1729.74 1542.45
 Gujarat 17001 1362.13 1284.30
 Chhattisgarh 8853 695.94 630.97
 Odisha 15051 1156.90 1039.99
 Maharashtra 36388 2940.71 2689.56
 Andhra Pradesh 36624 2998.67 2884.86
 Telangana 15105 1122.92 1086.95
 karnataka 27607 2139.41 2017.60
 tamil nadu 23906 2301.22 2226.89
 Kerala 14325 1232.81 1179.64
 Pondicherry 525 38.49 37.06
 Goa 926 72.52 63.82
 lakshdeep44 3.48 3.42
 Andaman and Nicobar Island 261 22.11 21.60
 Daman and Diu 66 5.43 5.23
Dadar And Nagar Haveli12210.5210.23
Chandigarh77665.6660.40

How to Apply Pradhan Mantri MUDRA Yojana Loan

Collect all the required documents for the loan application. The exact documents may vary depending on the financial institution, but generally, you will need

➤Identity proof (such as an Aadhaar card, PAN card, Voter ID, etc
➤Address proof (such as an Aadhaar card, utility bills, etc.
➤Proof of business existence (such as registration certificate, licenses, etc.
➤Business plan and project report
➤Bank statements (usually for the last six months
➤Quotations or estimates for equipment or machinery

After the loan is sanctioned, you will need to complete the necessary documentation and formalities as per the financial institution’s requirements. Once completed, the loan amount will be disbursed to your bank account.

Important Links

Online Application LinkClick Here
HomepageClick Here
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