Pradhan Mantri Mudra Yojana 2021 for Application Form, Check Eligibility and Form Status

By tanu on Apr 15, 2021

Pradhan Mantri Mudra Yojana 2021 -

Pradhan Mantri Mudra Yojana is a scheme run by the Government of India, which was launched by the Prime Minister Narendra modi on April 2015. This yojna has started for those people who wants to start own business. Pradhan mantri mudra yojna is the best scheme for loan. Basically, PMMY related to those people who want to take a loan for business. This is a very good loan scheme for poor people. According to this scheme, you can take a loan of maximum 10 lakh.

Details of Pradhan Mantri Mudra Yojana –

We all know that Prime Minister Narendra Modi has started many schemes, which have benefited all the people till date. One such scheme which he started in April 2015 named as Pradhan Mantri Mudra Yojana. This scheme can solve the problem related to your business capital. Under this scheme, you can take a loan of up to 10 lakh. One very good thing about this scheme is that you will not have to pledge any personal property neither have any guarantee to take a loan. And the government has also extended the loan repayment period in this scheme. Neither will there be any fee for the loan process.

Basic information about Pradhan Mantri Mudra Yojana (PMMY)–

Scheme name - Pradhan Mantri Mudra Yojna

Started by – pradhan mantra narendra modi

Objective – helping poor people from loan

Loan amount – up to 10 lakh

Mudra - tarun, shishu and kishor

Classification of mudra loan –

3 kind of mudra loan that is given below

Tarun loan, tarun loan is a loan that is meant for those merchants who have started their business earlier and now they need money to increase that business or they want to invest more money in it.  In this, the interest rate depends on its civil. And the merchant can take a loan of 5-10 lakhs.

Shishu loan , Shishu loan is a loan that is given to those people who have not started any other business yet but now want to start business. And interest on it is taken up to 10-12%.  The Under this scheme, a businessman can take a loan of 50 thousand. Its payment period up to 5 years.

Kishor loan, Kishore loans are given to those who have started their business but are stuck with the cost of rupees and they need money to establish the business. In this, the rate of interest is fixed by the institution that is giving the loan and the rate of interest also depends on the civil of the borrower.

Benefits of Pradhan Mantri Mudra Yojana (PMMY)–

Pradhan Mantri Mudra Yojana has been specially run for those businessmen who want to start their own business and want to earn money.

The benefits of this scheme have been given only to most businessmen, it has been more profitable for those people and still there are benefits.

Mudra loans do not require much documents

There are not many rules and laws of Mudra loan, if you really want to take a loan then you can easily take it.

Neither will there be any fee for the loan process.

This scheme is that you will not have to pledge any personal property neither have any guarantee to take a loan.

Eligibility of Pradhan Mantri Mudra Yojana (PMMY) –

As such, there are not many rules for this scheme but still some such eligibility which is necessary for taking a Mudra loan. And that is given below

Only those people can take loans or they can say that those people can get the benefit of this scheme, which is business or want to start a business.

But if they want to start something related to agriculture, then they are not eligible to take a loan for this

If someone needs more than 10 lakh rupees or they want to take a loan of more than this, then they are not eligible for it.

Required documents for Pradhan Mantri Mudra Yojana (PMMY)

Some documents which may be required at the time of taking loan.

First of all, the borrower must have a business plan, due to which he is taking a loan.

Then the borrower fills the application form

One passport size photo

Id prove like aadhar card, driving licence, address proof, passport

Bank civil and details also

Borrower should be category id prove

Business registration proof

Registration process of Pradhan Mantri Mudra Yojana (PMMY)

First find out the institution that is offering the Mudra loan and which has the banks listed for it.

After that, tell the bank from which you are taking a loan, your business plan, which regard you are going to take

And you have to tell how you are going to use do it

Then the borrower fill the application form

Keep in mind that the application form you are going to fill, you have read it well.

Attach all the necessary documents with the application form.

After filling the application form and attaching all the documents, check them thoroughly once so that no problem or error comes later.

And finally submitted your form and documents . .

Important helpine number of Pradhan Mantri Mudra Yojana –

Helpline number

State name

18001806546

Rajasthan

18001027788

Uttar Pradesh

18001022636

Maharashtra


18003456195

Bihar

18004251646

tripura

18001802222

Punjab

18001804167

Utrakhand

18002334035

Madhya Pradesh

18003456576

Jharkhand

18002338944

Gujarat


18001804383

Chandigarh

18002333202

Goa

18003453988

Nagaland