What is PM Mudra Yojana (PMMY)?

The Pradhan Mantri Mudra Yojana is India’s flagship scheme to “Fund the Unfunded.” It provides loans to small businesses (MSMEs) without asking for any security (collateral).

Whether you want to open a kirana shop, buy a taxi, or expand your factory, Mudra is the easiest way to get capital. The interest rates are low (usually 9% to 12%), and the processing fee is minimal.

Mudra Loan EMI Calculator (Working)

Before applying, check how much you need to pay monthly. Enter your details below:

Types of Mudra Loans (2026 Categories)

The scheme is divided into categories based on the growth stage of your business:

How to Apply Online?

You can apply through the UdyamiMitra portal or your bank’s website.

1. Visit UdyamiMitra Portal.
2. Click on “Apply Now” and select “Mudra Loans”.
3. Fill in your business details (GST, Udyam Registration).
4. Select your preferred lender (SBI, HDFC, PNB, etc.).
5. Upload documents (ID Proof, Address Proof, Business Proof).

Once approved, the amount is credited to your bank account. You will receive a Mudra Card (like a Debit Card) to withdraw funds as needed.

Official Links