💼 MUDRA Loan Eligibility Checker
Check if you qualify for Pradhan Mantri MUDRA Yojana — loans up to ₹10 lakh for small businesses without collateral.
📋 About MUDRA Loan (PMMY)
- • Shishu: Up to ₹50,000 — for starting a business
- • Kishore: ₹50,001 to ₹5 lakh — for growing businesses
- • Tarun: ₹5,00,001 to ₹10 lakh — for established enterprises
- • No collateral required for loans up to ₹10 lakh
- • Available at all banks, NBFCs, and microfinance institutions
Step 1: What is your business status?
Frequently Asked Questions
Who can apply for MUDRA loan?
Any Indian citizen with a non-farm, non-corporate small/micro enterprise. Includes shopkeepers, vendors, artisans, food stall owners, repair shops, etc.
Is collateral required for MUDRA loans?
No collateral or guarantor needed for loans up to ₹10 lakh. This is a key feature of the MUDRA scheme.
What is the interest rate on MUDRA loans?
Interest rates vary by bank, typically 8-12% per annum. Shishu loans often have lower rates. No specific rate is mandated by RBI.
Can I get MUDRA loan for agriculture?
No. MUDRA is for non-farm income generating activities. For agriculture, check PM-KISAN, Kisan Credit Card, or NABARD schemes.