How To Apply For Pradhan Mantri Mudra Loan Scheme Online 2023

Mudra Loan Yojana was launched by the Prime Minister of India, Narendra Modi, with the objective of providing financial help to small businesses. Any common citizen of the country can apply for this scheme. According to the Ministry of Finance, under this scheme, loans worth Rs 15.10 lakh crore have been disbursed to 28.81 crore beneficiaries from banks and financial institutions since the inception of this scheme. You do not need to pay any money to apply Mudra loan scheme, you can apply for this scheme for free. After applying Mudra loan you will get a Mudra Card, with the help of this card you can take the Mudra loan.

Pradhan Mantri Mudra Loan Scheme

About Pradhan Mantri Mudra Loan Scheme:

A budget of Rs 3 lakh crore was prepared by the central government for Mudra loan, out of which loans worth Rs 1.75 lakh crore have been disbursed so far. Pradhan Mantri Mudra Yojana was launched by the government in the year 2015. A total of 19.22 trillion loans have been sanctioned to 353 million beneficiaries in 7 years since the inception of this scheme. Three types of loans are provided under this scheme, which are Shishu Mudra Loan, Kishore Mudra Loan and Tarun Mudra Loan. up to ₹ 50000 are given under Shishu Mudra loan. 50000 Rupees to ₹ 500000 are made available under Kishore Mudra Loan and rupees 500000 to ₹ 1000000 under Tarun Mudra Loan.

Read More- How to apply Ayushman Bharat Card Online?

Eligible person for the Mudra loan yojna:

• sole proprietor partnership

• service sector companies

• micro industry

• repair shops

• owner of trucks

• food business Seller

• micro manufacturing farm

Documents Required:

• Passport size photo

• Pan card

• Permanent Address of the Application

• Proof of business address and establishment

• Balance Sheet of last three years

• Income Tax Returns and Self Tax Returns

How To Apply for Pradhan Mantri mudra loan yojna:

Step 1– To apply on the scheme, Go to the official website of pradhan mantri mudra loan yojana. Here is the website:-

Step 2– After opening the website you will see all the three types of Mudra Yojana on the home page. You need to click on the loan type according to your need.

Step 3- After that a new page will open in front of you from where you need to be downloaded Application Form from this page.

Step 4– After that take out the printout of that application form and fill all the important information asked in the application form carefully.

Step 5– After filling the form completely, submit the application form to your nearest bank. (The loan will be disbursed to you within 1 month after the verification of the application)

Banks under Mudra loan yojna:

•State Bank Of India

•Allahabad Bank

•Corporation Bank

•Bank of India

•Punjab And Sind Bank


•j&k bank

•Union Bank of India

•Syndicate Bank

•IDBI Bank

•Andhra Bank

•Bank of Maharashtra

•Dena Bank

•Punjab National Bank

•Karnataka Bank

•Canara Bank

•Tamil Nadu Mercateile Bank

•Axis Bank

•Kotak Mahindra Bank

•Federal Bank

•Indian Bank

•HDFC bank

•Saraswat Bank

•UCO Bank

•Bank Of Baroda

•Central Bank of India

•Oriental Bank of Commerce

•Indian Overseas Bank

•Union Bank of India

Benifits of Mudra Loan Scheme:

1. There is no Collateral/security fees to apply for mudra loan.

2. You will get the repayment tenure upto five years.

3. No minimum loan amount under the mudra loan scheme.

4. You don’t need to physically for the withdrawal.

5. Existing as well as new companies also apply for this Loan.

Important Links:

Application form Click Here
Check required Documents Click here
Official website Click Here

HelpLine number of Mudra loan scheme:

Telephone- 022-67221465



Who is eligible for Mudra loan

Applicant should be 18 years to 65.

What is the maximum loan amount of Mudra loan scheme

Upto 10 lakh rupees

Interest rate of Mudra Loan

MCLR + 0.40% to MCLR + 1.65%

Subsidy of Mudra Loan

70 to 80 percentage subsidy

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