The Pradhan Mantri Mudra Yojana (PMMY) 2026 is a government-backed business loan scheme launched to support small entrepreneurs and individuals who want to start or expand their businesses. Under this scheme, eligible applicants can access collateral-free business loans of up to ₹20 lakh through participating banks and financial institutions.
The scheme is designed to promote self-employment, small businesses and financial inclusion across India.
Mudra Loan Amount and Categories
Under PM Mudra Yojana, loans are divided into four categories:
- Shishu Loan: Up to ₹50,000
- Kishor Loan: Above ₹50,000 and up to ₹5 lakh
- Tarun Loan: Above ₹5 lakh and up to ₹10 lakh
- Tarun Plus Loan: Above ₹10 lakh and up to ₹20 lakh (for borrowers who have successfully repaid an earlier Tarun loan).
These loans can be used for business activities such as retail shops, manufacturing units, transportation, food businesses, dairy and service enterprises.
PM Mudra Yojana Eligibility Criteria
Applicants should meet the following basic requirements:
- Must be an Indian citizen.
- Must have a viable business plan.
- Should be involved in an eligible income-generating business activity.
- Must meet the lending institution’s credit and documentation requirements.
Documents Required for Mudra Loan
Commonly required documents include:
- Aadhaar Card
- PAN Card
- Address Proof
- Bank Account Details
- Business Plan or Project Report
- Passport-size Photograph
- Business-related documents, if applicable
How to Apply for PM Mudra Loan Online?
- Visit the official website: https://www.jansamarth.in
- Select the business loan category.
- Check your eligibility.
- Complete the online application form.
- Upload the required documents.
- Submit your application to the selected lending institution.
- The bank will review your application and make a lending decision.
Benefits of PM Mudra Yojana
The scheme offers collateral-free institutional credit, supports small business growth and helps entrepreneurs access formal banking finance.
Conclusion: PM Mudra Yojana 2026 provides an opportunity for eligible entrepreneurs to obtain financial support for business development. Interest rates and repayment terms depend on the lending institution. Apply through the official portal or your bank for accurate information.
