Have you ever felt like your business dreams are stuck because you just don’t have the money to move forward? Maybe you’ve thought about starting something small—a shop, a service, or even expanding what you already do—but the lack of funds has kept you waiting.
That’s exactly why the PM Mudra Loan Yojana exists. Launched by the Government of India, it’s designed to give everyday people access to loans without the heavy stress of big guarantees or impossible conditions. And the best part? You can apply for it online, right from home.
PM Mudra Loan Yojana 2025 – At a Glance
| Details | Information |
|---|---|
| Department | Ministry of Finance, Department of Financial Services (DFS) |
| Scheme Name | PM Mudra Loan Yojana |
| Launch Date | 8 April 2015 |
| Purpose | Financial support for trade, business, and services |
| Eligible Age | 18 to 65 years |
| Loan Amount | ₹50,000 to ₹20 lakh |
| Loan Tenure | Up to 7 years |
| Application Mode | Online & Offline |
What is the PM Mudra Loan Yojana?
The Pradhan Mantri Mudra Loan Yojana was started back in April 2015. Its main goal? To support small businesses, self-employed people, and anyone who needs financial help to start or grow a venture.
Unlike traditional loans that demand heavy security, this scheme allows you to borrow without collateral. That means more opportunities for people who don’t come from money but have the skills and determination to succeed.
How Much Loan Can You Get?
Under this scheme, the loan amount is divided into categories, based on your needs:
- Shishu Loan – Up to ₹50,000 (for very small startups)
- Kishor Loan – ₹50,000 to ₹5 lakh (for growing small businesses)
- Tarun Loan – ₹5 lakh to ₹10 lakh (for medium expansion needs)
- Tarun Plus Loan – ₹10 lakh to ₹20 lakh (for bigger ventures)
So, whether you just need a small push to kick off or a larger amount to scale your existing business, there’s a category for you.
Interest Rates and Repayment
- The interest rate usually ranges between 8% and 12% per year, though it can vary slightly depending on the bank.
- Small loans often come with shorter repayment terms (1–3 years).
- Bigger loans can stretch up to 5–7 years.
Benefits of the PM Mudra Loan
Why do so many people prefer Mudra loans over private finance options? Here’s why:
- No collateral required – you don’t need property or heavy assets to apply.
- Low interest rates compared to private loans.
- Available to all – men, women, small traders, service providers, startups.
- Quick process – simple application, both online and offline.
This scheme has already helped lakhs of people in India take their first step towards financial independence.
Who is Eligible?
- Any Indian citizen aged 18–65 can apply.
- Must have a valid business plan or an existing small business.
- Clean loan history (if you’ve borrowed before).
- Suitable for shopkeepers, small manufacturers, service providers, and startups.
