You can apply for a Mudra Loan online through the JanSamarth portal or through participating lenders. Under PMMY, loans are available in four categories: Shishu, Kishor, Tarun and Tarun Plus. The maximum loan limit is ₹20 lakh, with Tarun Plus available only to eligible borrowers who have successfully repaid a previous Tarun loan.
This updated guide explains how to apply for Mudra Loan online, what to prepare before applying, which loan category may apply to you, and what documents required.
Important: A Mudra Loan is a bank/NBFC/MFI credit facility under a government scheme. Approval is not automatic. The lending institution assesses the application according to its applicable lending rules and the applicant’s business and credit profile.
Latest Mudra Loan Categories and Limits
The scheme currently has four categories:
| Category | Loan Amount | Who It Is For |
|---|---|---|
| Shishu | Up to ₹50,000 | Smaller or early stage business funding |
| Kishor | Above ₹50,000 to ₹5 lakh | Businesses needing higher working capital or expansion funding |
| Tarun | Above ₹5 lakh to ₹10 lakh | Businesses requiring larger funding |
| Tarun Plus | Above ₹10 lakh to ₹20 lakh | Eligible borrowers who have successfully repaid a previous Tarun loan |
The Tarun Plus category was introduced with effect from 24 October 2024. It is not a general ₹20 lakh first time loan category; the official PMMY information specifically links it to borrowers who have successfully repaid a previous Tarun category loan.
Who Can Apply for a Mudra Loan?
PMMY is intended for eligible non-corporate, non-farm micro and small businesses engaged in income generating activities.
The official Department of Financial Services information includes activities in:
- Manufacturing
- Trading
- Services
- Certain allied agricultural activities such as dairy, poultry and beekeeping
The scheme is delivered through participating lending institutions rather than by a single government loan office.
Steps to Apply for Mudra Loan Online Through JanSamarth
The JanSamarth portal is currently one of the main government digital channels through which applicants can access PMMY. The Department of Financial Services lists Pradhan Mantri MUDRA Yojana among the schemes available on JanSamarth.
Step 1: Go to the official JanSamarth website.
Avoid using loan websites or advertisements that claim to be the “official Mudra website” unless you have verified that you are dealing with an authorised lender or the government portal.
Step 2: Start the eligibility process
Select the relevant Business Activity Loan section and start the eligibility assessment.
JanSamarth is designed to use information from multiple government and financial databases to streamline credit linked scheme applications. Its integrations include Aadhaar, PAN, income, credit bureau, Udyam, GST and bank account verification systems, where applicable.
Step 3: Enter your business information requested by the portal.
Depending on your profile, this can include information about:
- Business type
- Purpose of application
- Existing business details
- Sales or financial information
- Loan requirement
Enter information exactly as it appears in your official documents.
Step 4: Check the eligible schemes, after the eligibility assessment, the portal can show schemes for which your profile may qualify.
If PMMY is available for your application, select the relevant Mudra option and continue with the application.
The portal’s purpose is not simply to give every applicant the maximum scheme limit. Eligibility and the potential loan amount depend on the information supplied and the lender’s subsequent assessment.
Step 5: Complete KYC and application details
Make sure your name, PAN, Aadhaar linked details, business information and bank details are consistent wherever required.
Step 6: Select the lender and branch, where applicable
JanSamarth works with participating lenders. The portal has onboarded a large number of lenders, including public or private sector banks, Regional Rural Banks, NBFCs and Small Finance Banks.
The available lender/branch choices can depend on the scheme and applicant profile.
Step 7: Upload the documents requested for your application.
Do not rely on an old checklist that says every applicant must upload exactly the same documents. Document requirements can vary according to the applicant, loan amount, business and lender.
Step 8: Review and submit
Before submitting the application:
- Check your personal information.
- Check the requested loan amount.
- Check your business details.
- Verify your bank information.
- Make sure uploaded documents are readable.
- Read the declarations and consent statements.
- Submit the application.
Save the application/reference number or acknowledgement displayed after submission.
Step 9: Track the application
Use the relevant My Applications/application status facility provided through JanSamarth or the concerned lender.
Important: Applying online does not mean the loan is automatically approved or disbursed. The participating lender still has to assess and process the credit application.
Check detailed information on: Mudra Loan Bank List
How to Apply for a Mudra Loan Offline
You can also approach a participating lending institution directly.
- Identify a participating bank, RRB, Small Finance Bank, NBFC or MFI.
- Ask for the PMMY/Mudra loan application process.
- Explain your business and funding requirement.
- Select the appropriate loan category based on your requirement and eligibility.
- Complete the lender’s application form.
- Submit the required KYC and business documents.
- Provide additional information requested by the lender.
- Wait for the lender’s assessment and decision.
- If sanctioned, complete the required loan documentation and disbursement formalities.
The government FAQ confirms that lending institutions process PMMY loan requests based on the merits of the proposal and their applicable lending norms.
Mudra Loan Documents Required:
- Identity Proof (Self-attested copy of Driving Licence/Voter Card/Passport/Aadhaar Card or any other photo Id issued by government authority.)
- PAN card
- Udyam/GST details, where applicable
- Applicant 2 Recent Photograph (not older than 6 months)
- Residence proof document ( Recent Elecriticity bill/property tax receipt/Bank passbook/domicile certificate/Telephone bill etc.)
- A business quotation like Machinery or other items to be purchased
- Name of supplier/ details of machinery or item to be purchased
- Business Address proof
- Category certificate for SC/ST/OBC/Minority etc.
FAQs
You can apply through the government JanSamarth portal, which currently includes PMMY among its credit linked schemes.
The maximum PMMY loan amount is ₹20 lakh under the Tarun Plus category.
PMMY provides collateral free credit, subject to the applicable scheme.
No single interest rate applies to every PMMY loan.
No. Online submission only starts the credit application. The participating lender assesses the application and makes the lending decision according to applicable rules and policies.
Thier could be many reason like incomplete application, mismatch documents, existing credit obligations or Unclear business details.