PMMY Mudra loans: Shishu, Kishore and Tarun
Micro-enterprise finance up to ₹20 lakh with no collateral, via banks and MFIs.
4 min read
What you need to know
Pradhan Mantri Mudra Yojana funds non-farm income-generating micro enterprises. Shishu covers loans up to ₹50,000, Kishore from ₹50,001 to ₹5 lakh, and Tarun from ₹5 lakh to ₹10 lakh, with the Tarun Plus category extending to ₹20 lakh for successful repeat borrowers.
There is no processing fee on most Shishu loans and no collateral at any level. Applications go through public and private sector banks, RRBs, small finance banks and NBFC-MFIs.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Frequently asked questions
What is the main takeaway from “PMMY Mudra loans: Shishu, Kishore and Tarun”?
Micro-enterprise finance up to ₹20 lakh with no collateral, via banks and MFIs.
What should I check before acting on this government schemes guide?
Review the practical points in the guide against your income, obligations, documents and lender requirements.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.