MUDRA Loan Overview
Up to ₹10 Lakh (Shishu / Kishore / Tarun)
Micro Units Development and Refinance Agency
Max Amount
Up to ₹10 Lakh (Shishu / Kishore / Tarun)
Interest Rate
Competitive rates from partner banks
Tenure
Up to 5 years
Collateral
Typically not required
Eligibility
- Small business owners and micro enterprises
- Non-farm income-generating activities
- Viable business plan or established operations
- Satisfactory repayment capacity
Key Benefits
- Low-ticket loans for micro businesses
- Minimal documentation for smaller amounts
- Supports traders, manufacturers, and service units
- Wide branch-level availability
Documents
- Identity and address proof
- Business proof / shop establishment
- Bank statements
- Quotations for equipment (if applicable)
- Passport-size photographs