Pradhan Mantri Mudra Yojana | PMMY Application Form

Pradhan Mantri Mudra Yojana is for business people is to provide loans from the bank at concessional rates. It was started by the Prime Minister of our country Shri Narendra Modi on 8th April 2015. Any interested beneficiary who wants to take a loan from the bank to begin his industry and take forward his industry. Today, we will share all the information about this scheme, like the registration process, documents, eligibility, application, etc., with you in this article.

Pradhan Mantri Mudra Yojana 2021

On 26 November 2020, Union Minister Smriti Irani said that under the Pradhan Mantri Mudra Yojana, an investment of up to Rs 10 lakh crore was made. Between 2015 and 2018, 51 lakh new entrepreneurs have been created due to this scheme. Smt. Smriti Irani Ji also informed that since 2016 till now, more than 32000 start-ups have been recognized in the country. He also said that it was difficult for the poor to get banking loans and facilities earlier, but now they can quickly get loans under the Pradhan Mantri Mudra YojanaStart-up enterprise Can get to do or to pursue. It will be easy to do business through this scheme.

Pradhan Mantri Mudra Yojana was launched on 8 April 2015 by the Prime Minister of our country, Shri Narendra Modi. Under which loans up to Rs 10 lakh are provided in non-corporate, non-agricultural, small, micro industries. These loans are provided by commercial banks, regional rural banks, small finance banks, cooperative banks, microfinance institutions, and non-banking financial companies.

Brief Summary of PMMY 2021

scheme name Pradhan Mantri Mudra Loan Yojana
launched by Mr. Narendra Modi
Plan start date year 2015
nodal agency Micro Units Development and Refinance Agency
beneficiary small and medium entrepreneurial startup
aim to empower
loan amount Maximum Rs 10 lakh
application system offline
Start filling the application form Available now
Type of scheme Central Govt. Scheme
launched by https://www.mudra.org.in/

Purpose of Pradhan Mantri Mudra Yojana

The people of our country who want to start their industry but cannot begin due to financial constraints are given to those beneficiaries. Indian government Provides financial assistance by getting loans up to 10 by the bank, making the beneficiaries self-reliant through it, and empowering the beneficiaries to make beneficiaries encouraged to start industries by providing proper capital through this scheme.

Pradhan Mantri Mudra Yojana New Updates

As you all know, due to the global pandemic of Coronavirus, there has been a lockdown in our country for a long time. Due to this lockdown, the economic condition of the people of the country has been dramatically affected. Keeping this in mind, the Finance Minister of our country Nirmala Sitharaman had announced the self-reliant India campaign on 14 May 2020. Under the self-reliant India campaign, all those who have taken Shishu loans under the Pradhan Mantri Mudra Yojana will be provided financial assistance of 2% in the amount of interest for 12 months.

PMMY 2021

Applicants applying under this scheme should be 18 years of age or more. Before starting this scheme in our country’s own business, entrepreneurs had to make rounds of banks to get loans and had to face many difficulties and could not get loans without a guarantee. Still, now PMMY 2021 Under this, all entrepreneurs will quickly get loans up to 10 lakhs by the bank. Mudra loans are provided by commercial banks, RRBs, small finance banks, cooperative banks, MFIs. There is no fixed interest rate under different banks. Different interest rates are charged for Mudra loans. The introductory interest rate is 12%.

Pradhan Mantri Mudra Yojana
Mudra Loan Types
  • Baby loan: Under Shishu loan, a loan of up to Rs 50,000 will be given by the bank.
  • Juvenile loan: Under Kishor loan, loan ranging from Rs 50,000 to Rs 5 lakh will be given by the bank.
  • Tarun Loan: Under Tarun Loan, loans ranging from 5 lakh to 10 lakh will be given by the bank.

Beneficiary of PMMY 2021

Year No of beneficiary Amount
2015-16 3.48 crore 1. 37 lakh crore
2016-17 3.97 crore 1.80 lakh crore
2017-18 4.81 crore 2.53 lakh crore
2018-19 5.98 crore 3.21 lakh crore
2019-20 64.12 lakh 34602.7 crore
Total 18.87 crore 9.27 lakh crore

Benefits of Pradhan Mantri Mudra Yojana

  • The benefit of this scheme will be provided to the entrepreneurs of the country.
  • The country’s entrepreneurs start their industry to assist in providing loans from the bank at concessional rates.
  • Under this, the central government offers loans up to 10 lakhs by the bank.
  • You will not have to give any guarantee to take a loan under this scheme.
  • Through this scheme, people of the country can start their own business by getting a loan from the government.

Pradhan Mantri Mudra Yojana Required Documents (Eligibility)

  • The age of the applicant applying should not be less than 18 years.
  • Aadhar card
  • applicant’s identity card
  • driving license, pan card
  • Voter ID Card
  • previous years balance sheet
  • sales tax return income tax return
  • Postal address
  • mobile number
  • bank account

Features of Pradhan Mantri Mudra Yojana

  • It was launched on 8 April 2015 by the Prime Minister of our country, Shri Narendra Modi.
  • This scheme provides loans up to ₹ 1000000 to non-corporate, non-agricultural small/micro-enterprises.
  • The loan provided under the Pradhan Mantri Mudra Yojana is called Mudra Loan.
  • These loans are provided by commercial banks, small finance banks, non-banking financial institutions, etc.
  • Under this scheme, three types of loans are provided: Shishu, Kishor, and Tarun loans.
  • Loan up to ₹ 50000 is provided under Shishu Loan.
  • Loans ranging from ₹ 50000 to ₹ 500000 are provided under Kishore Loan.
  • Loans ranging from ₹ 500000 to ₹ 1000000 are provided under Tarun Loan.
Lending Activities

A Mudra loan is given to generate income and employment. This loan is provided for the following activities.

  • Business loans for vendors, traders, shopkeepers, and other service sector activities.
  • Working Capital Loan through Mudra Card.
  • Equipment finance for micro-units.
  • Transport vehicle loan for commercial use only.
  • Agriculture Relations Loans for non-farm income-generating activities like fish farming, beekeeping, poultry farming, etc.
  • Tractor Taylor was accompanied by loans for two-wheelers which are used only for business purposes.
Mudra card under Pradhan Mantri Mudra Yojana

Mudra card is a type of debit card provided to Mudra loan holders. This card works like an ATM card or a savings account. With this card, you can withdraw money from ATM. The bank makes a loan section up to a limit in your name. You can withdraw money through this card up to the limit sanctioned by the bank. The working capital requirements of the business can be met through this card. Currency card Through this, currency transactions become entirely digital. Using this card, the beneficiary can withdraw money through ATMs from any corner of the country and make payments through point of sale machines.

Pradhan Mantri Mudra Yojana Application Form

If you want to get a loan from the bank to start your industry by applying under the Pradhan Mantri Mudra Yojana, you have to use the methods given below.

  • First, the applicant has to fill out the application form from the concerned bank to apply under this scheme.
  • After this, all the information asked in the application form, like name, address, mobile number, Aadhar card number, etc., will have to be filled, and all the documents will have to be attached and submitted to the concerned bank.
  • After this, after verifying your application form and all the documents by the bank officer, the loan amount will be sent to your bank account within 1 month.
  • In this way, your application will be completed, and with the loan amount, you will be able to start your industry.
Process to download Pradhan Mantri Mudra Yojana Toll Free Number
  • First of all, you should know about the Prime Minister’s Mudra Yojana. the official website will go on
  • Now it will open in front of you at home.
  • You on the home page contact us. You have to click on the link.
Pradhan Mantri mudra yojana application form
  • Now a new page will open in front of you in which you will have to click on the download link written next to PMMY toll free number.
  • As soon as you click on this link, all the state wise toll free numbers will be downloaded.

Procedure to login to PMMY Portal

Pradhan Mantri mudra yojana application form
  • Now the login form will open in front of you in which you will have to login by filling the username, password and captcha code.
  • In this way you will be able to login to PMMY Portal.

Helpline Number

In our ID article, All the essential information related to this has been provided to you. If you are still facing any problem, you can get your issue resolved by contacting a toll-free number. Or you can also send an email. You can know the toll-free number by following the above procedure, and the email id is as follows.