PM Mudra Loan Online Application Form 2023 : Eligibility & Document List

All The Necessary Information About Mudra Loan Scheme 2023 and all the steps to the online application like documents, eligibility, interest rate, and subsidy are described here. Read and understand carefully with T&C.

Mudra Bank Loan Yojana For New / Small Business Startups 2023

Mudra is nothing but a short form that is used for the term ‘Micro Units Development and Refinance Agency” (Full Form Of Mudra). It was after the success of the movement “PM Jan DhanYojana,” the Prime Minister of India, Narendra Modi, built a strong endeavor of bringing those people not connected with the terms of banking to be connected with the terms of banking.

The loan is for people and entrepreneur who wants to start their small & new business startup and are frustrated because of the lack of funding. This was the main concept behind the start of the Mudra Bank Loan Yojana.

For a business startup, which highly supports the unbanked people to come ahead and join the mainstream group of banked people. The main slogan which was issued behind the Mudra Bank Loan Yojana 2023 is “Fund the Unfunded.”

Mudra Loan Yojana

The need for microfinance in order to facilitate business is mostly required among small business owners. The Mudra Bank Loan Yojana would thus help in facilitating the concept of microcredit, which is an amount of Rs. 10,00,000 to these small owners of the business.

Mudra Loan yojana for small business startup

Information About Pradhan Mantri Mudra Bank Loan Yojana (Scheme)

Parameters Details
Name of the scheme Pradhan Mantri Mudra Bank Loan Yojana or the Modi Loan Scheme 2023
The last date No announcement of the last date yet
Amount of loan From an amount of Rs. 50,000 to an amount of Rs. 10,00,000
The various scopes of schemes All across India
Date of launching 8th of April 2015
The targeted audience Small Owners of Business / New Business Startups
The various scheme stages Shishu (of amount Rs. 50,000), Kishor (of amount Rs. 5,00,000), and Tarun (of amount Rs. 10,00,000)
Launched By Prime Minister Narendra Modi – Pradhan Mantri

This entire concept of the Mudra Bank Loan Yojana will be a two ways procedure. This two ways procedure includes the entrepreneurs as well as the bank.

On the one hand, the entrepreneurs will be facilitated by the sufficient and needed facilities of credit. While on the other hand, a recovery method will be initiated for the various banks, So that will be an accurate and also effective method.

Thus, if anyone is taking up a loan in the scheme of the Mudra Bank Loan Yojana, then according to the rules, the loan will have to be paid between the time periods of 5 years to 7 years.

Download Mudra Loan Document List PDF

Eligibility Criteria for Applying for the Mudra Bank Loan Scheme (Mudra Loan Eligibility)

The basic criteria of age should be 18 years old. Now, coming to the gist, you can only have a long under the scheme of the Pradhan Mantri Mudra Bank Loan if and only if you are applying it for commercial and business purposes and not for personal purposes.

At the most, you can buy a vehicle from this PM Mudra Loan Yojana, given that it is used for commercial purposes.

Lastly, this loan under the Mudra Bank Loan Yojana For New business is only applicable to small business owners and obviously, if you have your turnover higher than the bar which is set before, then you won’t be able to apply.

so, basically, the mudra loan eligibility for the year 2023 is :

  • Indian Citizenship
  • Non-farm income-generating activities
  • Applicants’ age should be 18 years minimum.
  • It must be a startup or business running on a small basis.
    1. Small manufacturers
    2. Artisans
    3. Fruit and vegetable dealers
    4. Shopkeepers
    5. Individuals engaged with agriculture (livestock, poultry, pisciculture, etc.)
  • you need to give a business reason not a personal reason t get a loan.

Details of the Presence of the Various Schemes Along with the Corresponding Loan Amount

As earlier mentioned in the above portion, there are three different schemes of the Mudra Bank Loan Yojana. These schemes are the Shishu, the Kishor, and the Tarun.

  • Shishu: At this stage, the total loan amount will be an amount of 50,000. This is the stage that mainly attracts small entrepreneurs, who are initiating the business with a small fund or who are at the early stages of their business.
  • Kishor: At this stage, the total loan amount will be an amount of 5,00,000. To come into the proper range, the appropriate range of the loan amount will be between Rs. 50,000 and Rs. 5, 00,000. This is the stage that mainly attracts those entrepreneurs, who have already started or initiated their business and now require many funds to extend the business, or those entrepreneurs, who are looking for a larger amount of funds to start up the business.
  • Tarun: At this stage, the total loan amount will be an amount of 10, 00,000. Again, coming into the proper range, the range will be between amounts of rs. 5, 00,000 tors. 10,00,000. There is no branch of entrepreneurs in this margin as this will be the highest margin of loan that any entrepreneur can apply for under the Mudra Bank Loan Yojana.

The Interest Rate for Pradhan Mantri Mudra Bank Loan Yojana

After a lot of questions regarding the interest rates for the PM MODI Mudra Bank Loan Yojana, it is still not clear about the interest rates which are being provided.

Only one such piece of information has been gathered, that all the banks, who are participating under the Mudra Bank Loan Yojana, will have the freedom of choosing their own interest rates, provided that it truly justifies the main scheme and concept of the Mudra Loan scheme for small business startup.

How to Apply for the Mudra Bank Loan Yojana (Application Form For Mudra loan Online Apply)

There is no presence of formal application for the Pradhan Mantri (Modi) Mudra Loan Scheme. If you have to apply for the PMMY Scheme then, then you have to visit the Listed banks, which are participating in the schemes of the Mudra Yojana For Business Startups.

Plus, if it does appear to be like you already possess a current account in the bank you are thinking of applying for the PM Loan Scheme For Laghu Udyog, then this will act as a catalyst for speeding up your process of application.

There are so many people who are currently looking out how they can be able to apply for the Mudra Bank Loan Yojana. But you need to know that we are going to help you out by providing all the essential details. It is sure that you will have to go through the entire article in order to know everything about the Mudra Bank Loan Yojana.

The only thing that you want to keep in mind is that the government is trying to help people who actually need it. All the schemes that the government is implementing are for the welfare of the people residing in the country.

Mudra loan online apply in Udyamimitra portal ( There are no agents or middleman engaged by mudra loan for online apply, but lack of knowledge you may go to agents or middleman depends your own choice.

Also, if you are looking forward to claiming any equipment, which will be needed for your business, you do have to make sure that you carry a valid invoice for the same. do make it a note, that in this consideration, if you possess a good history of your credit, it would be of great help if you are looking forward to applying for a collateral loan.

  • Download the application form (Shishu, Kishor, Tarun)
  • Fill out the form and find the commercial or public sector bank under this scheme.
  • Add Details Of your business plan along with the application form.
  • Complete the formalities asked by the bank.
  • After the completion of the loan process, it’ll be sanctioned.

Mudra loan online application form


Now there is no online method to apply for a mudra loan and besides that, there are lots of startup stragglers or entrepreneurs who are not aware of this scheme.

Lack of knowledge and no easiness for application of mudra bank loan scheme people are not taking benefits of this scheme. So here is the Diagram or flowchart for the Initial procedure and information about this scheme.

After the loan is sanctioned, the borrower gets the Mudra bank ATM from which he can withdraw the money. The money from this loan system is distributed using only the RuPay Mudra card. The ATM card is accepted in every ATM that allows withdrawal through RuPay system.

Mudra ATM Card

Mudra Loan Process Chart

how to apply for mudra loan scheme

For any kind of assistance about this yojana startups and businesses can take assistance from the assistance offices and helpline toll-free numbers. The main office is stated in Mumbai. there are lots of assistance mudra loan regional offices out there in different states. So you can get the Pradhan Mantri mudra yojana application form from there also.

For information on MUDRA products and for any kind of assistance, the borrower can either approach/contact the MUDRA office in Mumbai or the identified MUDRA Nodal Officers, whose details (along with contact numbers and mail ids) are made available at MUDRA’s Website. The borrower may also visit the MUDRA website,, and can send any query/suggestion to [email protected].

People can also contact these MFIs for information regarding the application procedure and form for the mudra loan scheme for small businesses.

mudra loan office


Why Go For the PMMY Mudra Loan Instead of any other loan scheme for a business startup?

  • The PradhanMantri Mudra Bank Loan Yojana is one such sector built, which is calculated to cater to more than 120 million in numbers, which will be extracted mostly from those sectors of society, that are less privileged. This will in turn help to benefit around 58 million owners of small businesses in our country.
  • There is a huge number of small business owners in our country, who restrict themselves to get involved with the process of banking, due to legal problems like funds. Now, through the initiation of this PM Mudra Bank Loan Yojana, these small business owners can now start to get involved with the process of banking, being free of their different financial problems.
  • There was a lot of inadequate corpora and also the presence of the management which was unorganized in terms of credit facility, especially for the small entrepreneurs. These problems are now being started to look upon through the different schemes, rules, and regulations of the Pradhan Mantri Mudra Bank Loan Yojana.
  • There was always a concern regarding the financial institutions, who were really unable to provide adequate funds which were required by these small business owners, only due to the problem of “repayment.” With the start of this Pradhan Mantri Mudra Bank Loan Yojana, it has been promised that this issue will now be looked upon.

PM Modi Mudra Loan scheme information


Helpline Number, Toll-Free Number, or Customer Care Number for the PradhanMantri Mudra Loan Yojana 2023

There are two numbers that are provided by the board of officials of the Pradhan Mantri Mudra Yojana Helpline number 2023. If you have any query or doubt to solve the same. these two numbers are given below:

  • 1800 180 1111
  • 1800 11 0001

The List of All the Banks Who is Participating under the Pradhan Mantri Mudra Bank Loan (Mudra Loan interest rate)

Following mentioned are the list of all the banks who are participating under the Pradhan Mantri Mudra Bank Loan Yojana along with their known or unknown Mudra Loan interest rate as mentioned:

Name of Bank Rate of Interest
State Bank of India Not Known
State of Bank of Hyderabad Not Known
State Bank of Bikaner and Jaipur Not Known
State Bank of Mysore Not Known
State Bank of Travancore Not Known
State Bank of Patiala Not Known
United Bank of India 9.65% to 11.15%
UCO Bank Not Known
Punjab and Sind Bank Not Known
Indian Overseas Bank Not Known
Central Bank of India Not Known
Bank of Maharashtra 9.7% to 11.7%
Bank of Baroda Not Known
Andhra Bank 9.75% to 11.5%
ICICI Bank Not Known
Vijaya Bank Not Known
Union Bank of India 9.65% to 11.15%
Syndicate Bank Not Known
Oriental Bank of Commerce Not Known
Corporation Bank 11% to 11.9%
Canara Bank Not Known
Bank of India Not Known
Axis Bank Not Known
Allahabad Bank 9.7% to 11.7%


Differences between the Mudra Loan and the Personal Loan (Mudra Loan or Personal Loan)

Mudra Loan Personal Loan
Mudra loan can only be issued by the government, thus making the process safe and secure A personal loan can be given by the government as well as financial institutions, which are private
A genuine and entire plan for the business has to be shown to be applicable to the Mudra loan What is needed is a justified reason and not the entire business plan to be entitled to a personal loan
Mudra loan will only be issued through the presence of a Mudra credit card, which obviously will be having a limit that will be assigned before A credit card is not separately issued under a personal loan
The tenure for repayment can go as high as a time period of 7 years The tenure for repayment is less in personal loan


Thus, the Pradhan Mantri Mudra Bank Loan Yojana is definitely a very good imitative taken by the government in order to help those small owners of the business. If you have properly gone through all the details, then you can find that this is one such initiative that was needed in our country.

Latest News About Mudra Loan

The latest News Updates And Information about the mudra loan will publish here.

Mudra loan extended by NPA burden, letter to the finance ministry written by RBI

Date: 3rd Nov 2022:- The NPA Of The flagship scheme for the Modi government’s small industries loan to encourage small businesses and startups has crossed the Limit of RBI. The Reserve Bank has written a letter to the Finance Ministry in this regard.

Modi government announced a mudra loan is 20 lakh crore disbursed under the mudra scheme to provide self-employment opportunities to youth, entrepreneurs & startup businesses.

Modi government’s flagship scheme, launched to promote small industries in the country is facing trouble for the government under the Prime Minister’s Mudra Scheme. The NPA has crossed the prescribed limit under the Ministry of Finance, a senior official of the Ministry of Finance.

On the other hand, there are some public sector banks that are violating the RBI’s limit. Earlier this year, the RBI raised the issue of NPA against the government under the currency scheme. On behalf of the Reserve Bank of India, the Finance Ministry received a letter regarding the increasing burden under this scheme.

According to the media report, till January, the NPA level has been more than Rs 11 thousand crores under the currency loan. It is notable that the former Governor of the RBI had last year warned the Parliamentary Committee on NPA under a currency and a Kisan Credit Card in a note.

Rajan had said that the loan-sharing targets are being completed without proper procedure. It is expected to increase NPA in the future. He had also said that there was talk of money lending and Kisan credit card to be reviewed.

According to the government’s primary data, Mudra loans were given in the financial year ending March 2023. The Mudra loans registered an all-time record growth in the third quarter of the current fiscal at ₹2.58lakh crore compared to ₹1.58-lakh crore in the same period last year. A loan of Rs 2.73 crore was given in the financial year 2021 till March 22 under the money scheme. While the financial year 2018 and fiscal year 2021, the government divined the loan worth 1.75 crores and 1.32 crore respectively.

Mudra Loan SBI (step by step)

Mudra loan sbi is only for

Micro entrepreneur

Eligibility of mudra loan sbi

Existing customers of sbi whether saving account or current account individual holders.

The maximum amount of mudra loan sbi

In the case of a mudra loan sbi, apply for a customer than the amount of loan up to 50,000. The maximum amount of loan is ₹ 50,000 based on Bank’s eligibility norms. For loans ₹ 50,000 and above customer visit Branch for completing formalities.

Age Limit

18 to 60 year

Document requirement for mudra loan sbi

  • Id proof (Aadhaar card, Pan card, or any other photo id proof as per government rules)
  • Residence Proof (Telephone bill, electricity bill, property tax bill receipt, aadhar card, Passport)
  • 6 months’ bank statement
  • Project reports requirement (Quotations)
  • 2 Passport size photograph
  • Cast certificate if any i.e SC, ST, OBC & other
  • Business Proof (Business Name, Start date & Address)
  • IT returns as per the income tax department’s last 2 assessment year
  • GSTN & Udyog aadhar card


1. What is E Mudra Loan?

E Mudra Loan is an NBFC supporting development of the micro-enterprise sector in the country called micro-entrepreneur. E Mudra Loan provides refinance support to Banks / MFIs / NBFCs for lending to micro units having loan requirements of up to 10 lakhs. E Mudra Loan provides refinance support to micro-business under the Scheme of Pradhan Mantri Mudra Yojana (PMMY).

2. Can e mudra loan online apply?

Yes, e mudra loan online apply. First, you need to bank account whether savings or a current account eligible for e mudra loan application. Secondly, as per the bank account details now file an online application for MUDRA loans on the Udyamimitra portal (

3. What is the interest rate of e mudra loan?

E mudra loan is offered by banks to aid non-corporate, non-farm sector income-generating microenterprises that require credit below ₹ 10 lakh. Interest rates on e mudra loan start at the rate of 7.30% p.a. and the loan repayment tenure ranges between 1 year and 7 years. If e mudra loan is till ₹ 50,000 then the interest rate is a minimum of 1% to a maximum of 12% and the repayment period is 1 year to 5 years.
4. What is the Udyamimitra portal?
The Udyamimitra portal is the official portal of the mudra loan online application. Udyamimitra portal official website is Udyamimitra portal ( is also for PM SVANidhi yojana.

5. What is the full form of a Mudra Loan?

The full form of a mudra loan is Pradhan Mantri Mudra Yojana (PMMY).

6. Can mudra loan apply online?

Yes, mudra loan apply online also. Customers who want to apply for an online application of mudra loan first need to go to the official website of mudra loan which is the Udyamimitra portal ( After that, the customer can click on Apply here for Registration. Now, all details are fulfilled as per the requirement of a government authority.


Updated: February 18, 2024 — 10:21 am


Add a Comment
  1. In which bank we can apply for the loan which is provided by Narendra Modi and how much loan amount please kindly inform us we like to apply it and its term and condition kindly help us to know more about this condition which we can apply

  2. Pateliya Rajendra Kumar KANTi lal

    Mera naam Badle Rajendra Kumar Kantilal hai main Lonavala Jile mein rahata hun aur Mujhe 10 lakh loan aavedan karne ka gujarish karta hun mujhe 10 lakh loan Ada Karne Ka Shukriya Ada karna chahta hun

  3. Sir Mai bahut garib Hu mujhe business Karne ke liye 2lakh lone chahiye jisse Mai Apne Ghar ki acche se Chala saku mujhe lone dene me liye kripa kare

  4. Manik Chakraborty

    Very good job for many needy Business person. But Many Small Institution (Computer, Cochin, Art, Dance & Singing) are fully closed during the Lock down . Thousands family are involved those job. Please take a necessary steps for Loan permission with your good office work. Thanking you.

  5. Sir,Bank wale mudra loan Nahi dete hai, mujhe apna business Karna hai, or logo ko v kaam dena hai,mujhe mudra loan ki bahut hi jarurat hai,self employed hone ke liye,khuch shamj me Nahi aa raha hai sir ki Kiya kare, government to help Karna chati hai but bank wale hi Nahi karte,plese help me sir

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