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  3. PM MUDRA Yojana — Micro Units Development & Refinance Agency
Open to startups registered in India

PM MUDRA Yojana — Micro Units Development & Refinance Agency

Ministry of Finance, Govt of India

About This Scheme

Collateral-free loans up to ₹20 lakh for micro and small non-farm businesses

Collateral-free loans for non-farm micro/small businesses via banks, NBFCs and MFIs. Tiers: Shishu (up to ₹50,000), Kishor (₹50,001–₹5 lakh), Tarun (₹5–₹10 lakh), Tarun Plus (₹10–₹20 lakh). MUDRA provides refinance to lenders; borrower gets a RuPay MUDRA card for working capital.

Benefits

  • PM MUDRA Yojana offers collateral-free loans ranging from ₹1 to ₹20 lakh across four tiers (Shishu, Kishor, Tarun, Tarun Plus), making institutional credit accessible to micro-enterprises that typically lack assets to pledge.
  • MUDRA provides refinance to lending institutions, enabling them to extend affordable credit to borrowers.
  • A unique feature is the RuPay MUDRA card for working capital, which allows on-demand drawdown.
  • There is no equity dilution — MUDRA loans are pure debt — but the absence of collateral requirements significantly lowers the barrier to entry for first-time and existing micro-entrepreneurs in any non-farm sector.

How to Apply

Rolling basis

Quick Info

Amount / Funding
₹1 – ₹20 Lakhs
State / Region
Open to startups registered in India
Ministry / Dept
Ministry of Finance, Govt of India
Tags
DebtEquity-freeRepayable