The Pradhan Mantri Mudra Yojana (PMMY) is an initiative by the Government of India to provide unsecured loans to micro and small enterprises. It helps startups, artisans, and street vendors secure funding without collateral.
Types of Mudra Loans:
- Shishu – Up to Rs. 50,000 (ideal for small startups)
- Kishore – Rs. 50,000 to Rs. 5 lakh (for growing businesses)
- Tarun – Rs. 5 lakh to Rs. 10 lakh (for established enterprises)
Eligibility:
- Micro/small manufacturers
- Retailers, traders
- Self-employed individuals
- Women entrepreneurs
Documents Required:
- Aadhaar card, PAN card, address proof
- Business plan or quotation for equipment
- Bank statement (optional but helpful)
How to Apply:
- Visit your nearest bank branch or apply online at udyamimitra.in
- Submit application form along with documents
- Bank evaluates and disburses the loan based on eligibility
Benefits:
- No need for collateral security
- Affordable interest rates
- Special focus on women and disadvantaged groups
For professional assistance in applying for any of these schemes or registrations, visit wetaxconsultant.com or contact us directly!