(Mudra Cards are issued by a bank or in association with MFI. Working capital loans will be given through MUDRA cards.Repayable in maximum period extended up to 5 years.Under ‘ Tarun’ category, loan of above Rs 5 Lakh and up to Rs 10 Lakh will be sanctioned.Under ‘ Kishor’ Scheme, loans above Rs 50,000 and up to Rs 5 Lakh will be provided.(Click on the below image to download Shishu loan application form) This is the first stage when the business is just starting up. Under ‘ Shishu’ Scheme, loans up to Rs 50,000 will be sanctioned.It has been proposed to fund the business units based on the stage of growth or funding needs of an entrepreneur or a micro unit. Types of Loans under Pradhan Mantri MUDRA Yojana (PMMY) These lending institutions will then approach MUDRA Bank for financial assistance or for refinancing of the sanctioned loans. The loan will be released to undertake small business activities / micro enterprise. Sanction of assistance shall be as per the eligibility norms of respective lending institution.
MUDRA has enrolled 27 Public Sector Banks, 17 Private Sector Banks, 27 Regional Rural Banks and 25 Micro Finance Institutions as partner institutions for channelizing Loan assistance to the end borrower.
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