Pradhan Mantri MUDRA Yojana (PMMY) is a flagship scheme launched by the Government of India to promote entrepreneurship and financial inclusion at the grassroots level. Under this scheme, non-corporate small businesses and individuals can avail collateral-free business loans of up to ₹10 lakhs through banks, NBFCs, and Micro Finance Institutions (MFIs).
At Subsidy Mantra, we guide you through the entire MUDRA loan process — from selecting the right loan category to preparing documentation, submitting applications, and ensuring faster approval from financial institutions.
Key Features of PMMY
- Loan Amount:Up to ₹10 lakhs for business and enterprise needs
- No Collateral Required:Unsecured loans under CGFMU (Credit Guarantee Fund for Micro Units)
- Affordable Interest Rates:As per bank norms and applicant’s credit profile
- Flexible Repayment Tenure:Up to 5 years with easy EMIs
- Available for Individuals, Proprietors, Partnerships, and Companies.
-
Focus on Small Traders, Startups, Artisans, Women Entrepreneurs, etc.
Eligible Business Activities
- Small Manufacturing Units
- Retail Shops & Traders
- Repair & Maintenance Services
- Food Processing & Catering
- Artisans & Handicraft Workers
- E-Rickshaw & Transport Operators
- Service Providers & Freelancers
- Beauty Parlors, Salons, Tailoring Shops
Why Choose PMMY?
- Encourages self-employment & startup growth
-
Boosts local and micro businesses
-
No guarantor or collateral needed
-
Government-backed with quick processing
-
Loans available at major public & private sector banks
How Subsidy Mantra Helps You
- Assistance in Loan Category Selection (Shishu/Kishor/Tarun
- Preparation of Business Plan & Financial Projections
- Application Filing & Bank Coordination
- Documentation & Form Filling Support
- End-to-End Guidance till Loan Disbursal