Pradhan Mantri Mudra Loan Yojana 2025, PMMY (Pradhan Mantri Mudra Yojana) was started by PM Narendra Modi on 8th April 2015 for small and medium-sized enterprises, and small shopkeepers. This aims to help small businessmen, shopkeepers, or new entrepreneurs starting work on a small scale or established businessmen. Under this scheme, you can take a loan of up to Rs 20 lakh without any guarantee. You will be given time of 5 years to repay this loan and you can also take a loan for homestay.
There should be a prepared business plan for the business for which you are planning to apply for the loan. There will be no kind of subsidy available under this scheme. But be aware of cyber criminals, they are cheating by giving the lure of low interest and subsidy. In such a situation, know where and how to get a Mudra loan. This article explains what is Pradhan Mantri Mudra Loan Yojana, What types of Mudra Loan Yojana are active in 2025, and the process How to apply for PMMY in 2025.
Overview of Pradhan Mantri Mudra Loan Yojana 2025
| Scheme Name | PM Mudra Loan Yojna Updates 2025 |
| Scheme Launched by | Indian Government |
| Launched by Prime Minister | Mr. Narendra Modi |
| Launch Date | 8th April 2015 |
| PPMY Shishu Loan Limit | Maximum Rs. 50K for small businesses |
| PMMY Kishor Loan Limit | From Rs. 50K to Rs. 5 Lakhs to expand businesses |
| PMMY Tarun Loan Limit | From Rs. 5 Lakhs to 10 Lakhs |
| PMMY Tarun Plus Loan Limit | From Rs. 10 Lakhs to 20 Lakhs |
| Eligibility | Small Size Businesses and Who want to start a new business |
| Helpline numbers | 18001801111 and 1800110001 |
| Official website to apply | www.mudra.org.in |
Types of Pradhan Mantri Mudra Loan
- PMMY Shishu Loan: Up to Rs. 50,000
Small businesses who are willing to start a new business, under this scheme, can apply for a loan of a maximum of Rs. 50 thousand. This scheme is for those people who are planning to start a home business like a boutique, food, or any small business with this investment and who need less funds at present.
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- PMMY Kishor Loan: 50,000 to 5 Lakhs
For small businesses or entrepreneurs who are already running a business, under PMMY Kishor Load, they can apply for Rs 50 thousand to 5 lakh. This scheme is for those people who have already started a business but feel the need for more funds to expand it. They can use this amount to expand their business.
- PMMY Tarun and Tarun Plus Loan Scheme
Under the Tarun and Tarun Plus scheme, you can take a loan of 5 to 10 lakh rupees. Under Tarun Plus, you can take a loan of 10 to 20 lakh rupees. PMMY Tarun Plus Loan Scheme is for those people who have successfully repaid the loan of the Tarun scheme.
Required Documents for PMMY Loan Scheme
- Aadhar Card/Driving License/Passport/
- PAN Card
- Bank Account
- Recent Applicant’s Photos (2Nos)
- Machinery Quotation
- Proof of cast (if applicable)
- Proof of residence
- Proof of Business Address
Pradhanmantri Mudra Loan Interest Rates 2025
Pradhanmantri Mudra Loan Interest Rates start from a minimum of 9.30% per annum. However, the actual rates depend on the bank, NBFCs, or other loan-giving institutions. The business plan and the credit record of the entrepreneur applying for this loan play a big role in deciding the interest rate.
Who can apply for Pradhan Mantri Mudra Loan Yojana?
If you are wondering who will be appliable for PMMY 2025. These people get loans under the PM Mudra Loan Scheme. All small entrepreneurs in manufacturing, business, retail stores, and service sectors can raise capital through loans under this scheme. In the recent budget, ‘homestay’ has also been added to it. Professionals like CA, ICWA, CS, Architect, and Health Care Professionals can also take loans under this scheme.
What’s New Update in 2025 Pradhan Mantri Mudra Yojana?
Under New updates, previous loan lenders took loans under Tarun Pradhan Mantri Mudra Loan and repaid the loan. They will be now eligible to apply for Rs. 20 Lakhs under the Tarun Plus Mudra Yojana.
How to apply online for PMMY?
- Visit the official website of Mudra Loan http://www.mudra.org.in/.
- Select the category under which you want to take a loan.
- Click on the link to the application form.
- Download the PDF and print it.
- Fill out the form correctly and attach all the necessary documents.
- Submit this form by visiting the nearest bank or microfinance branch.
- After verification of all the documents, the loan will be approved.
Conclusion
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PMMY is a central government loan scheme that was launched by Honorable Prime Minister Narendra Modi in 2015. This scheme was launched to provide financial help to small businesses and entrepreneurs who want to start a new business. This Pradhan Mantri Mudra Loan is divided into three major types: Shishu, Kishor, and Tarun. In 2025, it has got a new update 2025, loan lenders who have repaid the loan under the PMMY Tarun loan scheme, will be applicable for Tarun Plus Scheme 2025.
Balvinder Saaga, an engineering graduate from Delhi University, has been passionately working as a content writer since 2021. Hailing from Punjab, Balvinder specializes in crafting informative and engaging content with a core focus on education and social schemes