{"id":2340,"date":"2026-10-13T21:09:39","date_gmt":"2026-10-13T15:39:39","guid":{"rendered":"https:\/\/www.tiwaripedia.com\/index.php\/2026\/10\/13\/pm-mudra-yojana-loan-guide\/"},"modified":"2026-10-13T21:18:20","modified_gmt":"2026-10-13T15:48:20","slug":"pm-mudra-yojana-loan-guide","status":"publish","type":"post","link":"https:\/\/www.tiwaripedia.com\/index.php\/2026\/10\/13\/pm-mudra-yojana-loan-guide\/","title":{"rendered":"PM Mudra Yojana 2026: Shishu, Kishore, Tarun and Tarun Plus Loans Up to \u20b920 Lakh"},"content":{"rendered":"<p><em>Last updated: October 2026 \u00b7 3 min read<\/em><\/p>\n<p><b>Pradhan Mantri MUDRA Yojana (PMMY)<\/b>, launched in April 2015, provides collateral-free loans to non-farm micro and small businesses such as shopkeepers, artisans, food vendors, repair shops and small manufacturers. MUDRA stands for Micro Units Development and Refinance Agency.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1200\" height=\"675\" src=\"https:\/\/www.tiwaripedia.com\/wp-content\/uploads\/2026\/10\/pm-mudra-yojana-loan-guide.png\" alt=\"Infographic: PM Mudra Yojana 2026: Shishu, Kishore, Tarun and Tarun Plus Loans Up to \u20b920 Lakh\" class=\"wp-image-2339\" srcset=\"https:\/\/www.tiwaripedia.com\/wp-content\/uploads\/2026\/10\/pm-mudra-yojana-loan-guide.png 1200w, https:\/\/www.tiwaripedia.com\/wp-content\/uploads\/2026\/10\/pm-mudra-yojana-loan-guide-300x169.png 300w, https:\/\/www.tiwaripedia.com\/wp-content\/uploads\/2026\/10\/pm-mudra-yojana-loan-guide-1024x576.png 1024w, https:\/\/www.tiwaripedia.com\/wp-content\/uploads\/2026\/10\/pm-mudra-yojana-loan-guide-768x432.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption>PM Mudra Yojana 2026: Shishu, Kishore, Tarun and Tarun Plus Loans Up to \u20b920 Lakh \u2013 infographic by Tiwaripedia<\/figcaption><\/figure>\n<h2>Loan categories<\/h2>\n<figure class=\"wp-block-table\"><table><thead><tr><th>Category<\/th><th>Loan amount<\/th><th>Suitable for<\/th><\/tr><\/thead><tbody><tr><td>Shishu<\/td><td>Up to \u20b950,000<\/td><td>New and very small businesses<\/td><\/tr><tr><td>Kishore<\/td><td>Above \u20b950,000 up to \u20b95 lakh<\/td><td>Growing businesses<\/td><\/tr><tr><td>Tarun<\/td><td>Above \u20b95 lakh up to \u20b910 lakh<\/td><td>Established businesses expanding<\/td><\/tr><tr><td>Tarun Plus<\/td><td>Above \u20b910 lakh up to \u20b920 lakh<\/td><td>Entrepreneurs who have successfully repaid a previous Tarun loan<\/td><\/tr><\/tbody><\/table><\/figure><p>Tarun Plus was introduced in October 2024 after the Union Budget 2024-25 doubled the Mudra limit to \u20b920 lakh.<\/p>\n<h2>Key features<\/h2>\n<ul><li>No collateral; loans are covered by the Credit Guarantee Fund for Micro Units (CGFMU).<\/li><li>Available from public and private banks, regional rural banks, small finance banks, NBFCs and MFIs.<\/li><li>Term loans or working capital, including a MUDRA card for overdraft.<\/li><li>Interest rates are set by lenders under RBI guidelines; there is no fixed national rate.<\/li><li>Processing fees are generally waived for Shishu loans.<\/li><\/ul>\n<h2>Who can apply?<\/h2>\n<p>Indian citizens, proprietorships, partnerships and small companies engaged in manufacturing, trading or services, and activities allied to agriculture such as dairy, poultry and fisheries, with a business plan needing up to \u20b920 lakh.<\/p>\n<h2>Documents usually required<\/h2>\n<ul><li>Identity and address proof (Aadhaar, PAN, voter ID).<\/li><li>Business proof: Udyam registration, GST, licences.<\/li><li>Bank statements for the last six months.<\/li><li>Quotation for machinery or items to be purchased.<\/li><li>Business plan or project report for larger loans.<\/li><li>Photographs.<\/li><\/ul>\n<h2>How to apply<\/h2>\n<ol><li>Visit a bank branch or apply online through the JanSamarth portal.<\/li><li>Choose the Mudra category that fits your needs.<\/li><li>Submit documents and business details.<\/li><li>The lender appraises and sanctions the loan.<\/li><\/ol>\n<h2>Frequently asked questions<\/h2>\n<h3>Is a Mudra loan interest-free?<\/h3>\n<p>No. It is a regular loan with interest decided by the lender; the benefit is collateral-free access.<\/p>\n<h3>What is the maximum Mudra loan?<\/h3>\n<p>\u20b920 lakh under the Tarun Plus category.<\/p>\n<h3>Can a startup get a Mudra loan?<\/h3>\n<p>Yes, new micro enterprises can apply, usually starting with Shishu or Kishore loans.<\/p>\n<h2>Keep exploring<\/h2>\n<ul><li><a href=\"\/index.php\/2026\/10\/13\/cibil-score-explained\/\">CIBIL score explained<\/a><\/li><li><a href=\"\/index.php\/2026\/10\/13\/personal-loan-vs-gold-loan-vs-credit-card\/\">Personal loan vs gold loan<\/a><\/li><li><a href=\"\/index.php\/2026\/10\/13\/pm-jan-dhan-yojana-guide\/\">PM Jan Dhan Yojana<\/a><\/li><li><a href=\"\/index.php\/category\/government-schemes\/\">More Government Schemes articles on Tiwaripedia<\/a><\/li><\/ul>\n<p><em>This article is for general information, not financial, tax or legal advice. Rates, limits and rules change; always confirm on the official website or with a qualified advisor before you act. Spotted something that needs updating? <a href=\"\/index.php\/contact-us\/\">Let us know<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>PM Mudra Yojana guide: Shishu, Kishore, Tarun and Tarun Plus loan limits up to \u20b920 lakh, who can apply, documents, interest, collateral-free loans and how to apply.<\/p>\n","protected":false},"author":1,"featured_media":2339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow_YXIDA:productID":""},"categories":[329,332],"tags":[],"_links":{"self":[{"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/posts\/2340"}],"collection":[{"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/comments?post=2340"}],"version-history":[{"count":1,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/posts\/2340\/revisions"}],"predecessor-version":[{"id":2454,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/posts\/2340\/revisions\/2454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/media\/2339"}],"wp:attachment":[{"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/media?parent=2340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/categories?post=2340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tiwaripedia.com\/index.php\/wp-json\/wp\/v2\/tags?post=2340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}