Business, & agriculture finance

Pradhan Mantri Mudra Yojana ()

Collateral-free micro-enterprise finance in Shishu, Kishor, Tarun and Tarun Plus bands, from up to ₹50,000 to ₹20 lakh.

Facility amountShishu up to ₹50,000; Kishor above ₹50,000 to ₹5 lakh; Tarun above ₹5 lakh to ₹10 lakh; Tarun Plus above ₹10 lakh to ₹20 lakh for a Tarun loan successfully repaid.Interest rateUp to ₹10 lakh: current RLLR + 2.25% + BSS; above ₹10 lakh to ₹20 lakh: current RLLR + 2.00% + BSS. With current RLLR 8.05% and BSS 0.50%, the arithmetic is 10.80% and 10.55% p.a.; the page's 9.05% RLLR example is stale.Eligible customersMicro units and entrepreneurs in manufacturing, trading, services, food processing and agriculture-allied activities; individuals, proprietorships, partnerships, companies, trusts, societies, SHGs and other eligible legal entities.

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✓ Manually checked 31 Aug 2026 · active

Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible customersMicro units and entrepreneurs in manufacturing, trading, services, food processing and agriculture-allied activities; individuals, proprietorships, partnerships, companies, trusts, societies, SHGs and other eligible legal entities.View source

Complete eligibility row reviewed.

Source: Pradhan Mantri Mudra Yojana
Page / section: Eligibility
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Facility amountShishu up to ₹50,000; Kishor above ₹50,000 to ₹5 lakh; Tarun above ₹5 lakh to ₹10 lakh; Tarun Plus above ₹10 lakh to ₹20 lakh for a Tarun loan successfully repaid.View source

All four current page bands and the original Shishu/Kishor/Tarun definitions retained.

Source: and
Page / section: Quantum; pages 2-3
Accessed: 31 Aug 2026
Confidence: high

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Interest rateUp to ₹10 lakh: current RLLR + 2.25% + BSS; above ₹10 lakh to ₹20 lakh: current RLLR + 2.00% + BSS. With current RLLR 8.05% and BSS 0.50%, the arithmetic is 10.80% and 10.55% p.a.; the page's 9.05% RLLR example is stale.View source

Published formula was recomputed against the current official benchmark; stale page example is disclosed.

Source: and current notice
Page / section: Rate row; page 1
Accessed: 31 Aug 2026
Confidence: high

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Margin25%.View source

Published margin row reviewed.

Source: Pradhan Mantri Mudra Yojana
Page / section: Margin
Accessed: 31 Aug 2026
Confidence: high

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CollateralNo collateral; first exclusive charge on assets created or directly associated with the business. MUDRA cover under CGFMU applies and its fee is borne by the borrower.View source

Security, collateral and guarantee rows reviewed.

Source: Pradhan Mantri Mudra Yojana
Page / section: Security and guarantee
Accessed: 31 Aug 2026
Confidence: high

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Processing feeWorking capital up to ₹5 lakh: nil; above ₹5 lakh: 0.35% p.a. Term loan up to ₹5 lakh: nil; above ₹5 lakh to ₹20 lakh: 1% of sanctioned limit.View source

Both facility-type fee rows reviewed.

Source: Pradhan Mantri Mudra Yojana
Page / section: Processing fee
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

PrepaymentNil.View source

Published prepayment row reviewed.

Source: Pradhan Mantri Mudra Yojana
Page / section: Prepayment
Accessed: 31 Aug 2026
Confidence: high

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Required documentsApplication, KYC, business/entity records, applicable registrations, asset and insurance records and CGFMU documentation; exact document set varies by borrower and facility.View source

Page's published document/security requirements reviewed; no invented checklist added.

Source: Pradhan Mantri Mudra Yojana
Page / section: Documents, security and insurance
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsIndiaView source

The manually reviewed product record states: “India”.

Source: Pradhan Mantri Mudra Yojana () — official product page
Page / section: Published product metadata
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Shishu through Tarun Plus bands
Term loan and CC/ routes
No collateral security
guarantee cover through
Nil prepayment charge

Eligibility

New or existing micro units in manufacturing, trading, services and food processing; individuals, proprietorships, partnerships, companies, trusts, societies and other eligible entities with no default and satisfactory credit.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Application and
Entity/constitution and business records
Udyam and applicable registrations
Financial and repayment-capacity records
Primary-asset and insurance documents
guarantee documents where applicable

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹12,945twelve thousand nine hundred forty-five rupees

Interest paid over the full loan₹6,06,850six lakh six thousand eight hundred fifty rupees

Everything you repay₹31,06,850thirty-one lakh six thousand eight hundred fifty rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

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TableCategoryChoose column

Shishu · Loan bandUp to ₹50,000

This value is copied from categories. Check the table notes before relying on it.

Source: Pradhan Mantri Mudra Yojana · Quantum; category table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 3 columnsPMMY categoriesView tableHide table

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PMMY categories
Category	Loan band	Published condition
Shishu	Up to ₹50,000	Micro-credit stage
Kishor	Above ₹50,000 to ₹5 lakh	Growth stage
Tarun	Above ₹5 lakh to ₹10 lakh	Expansion stage
Tarun Plus	Above ₹10 lakh to ₹20 lakh	Prior Tarun loan successfully repaid

Pradhan Mantri Mudra Yojana · Quantum; category table · accessed 31 Aug 2026Open official source ↗

Table 2 · 9 rows · 2 columnsPMMY charges and securityView tableHide table

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PMMY charges and security
Parameter	Published detail
Margin	25%
Collateral	Nil; first exclusive charge on financed/business assets
Guarantee	cover under ; fee borne by borrower
Working-capital processing	Nil up to ₹5 lakh; 0.35% p.a. above ₹5 lakh
Term-loan processing	Nil up to ₹5 lakh; 1% above ₹5 lakh to ₹20 lakh
Commitment charge	Nil
Prepayment	Nil
Account handling	Nil up to ₹25,000; ₹2,000 above ₹25,000 to ₹2 lakh; 0.55% p.a. above ₹2 lakh to ₹20 lakh, minimum ₹2,500
Insurance	Comprehensive insurance with bank clause

Pradhan Mantri Mudra Yojana · Complete scheme table · accessed 31 Aug 2026Open official source ↗

Table 3 · 6 rows · 2 columnsMUDRA FAQ coverageView tableHide table

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MUDRA FAQ coverage
area	Published detail
What is	Micro Units Development & Refinance Agency Ltd.; a subsidiary in the reviewed
Target clients	Non-corporate small business segment: proprietors, partnerships, shopkeepers, vendors, truck operators, artisans, food processors and others
Delivery	Through banks, , and other last-mile financiers
Categories	Shishu, Kishor and Tarun definitions on page 2
Special routes	Mahila Uddyami and business loans for traders/shopkeepers are described
Example activities	Paper goods, food processing, Jari work, boutiques, ice-cream parlours and pottery

Frequently Asked Questions · pages 1-3 · accessed 31 Aug 2026Open official source ↗

Pradhan Mantri Mudra Yojana ()

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

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Pradhan Mantri Mudra Yojana (PMMY)

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Chief Minister Employment Generation Programme (CMEGP)

Mahabank Commercial Vehicle Loan for Small Road Transport Operators

Mahabank Scheme for Contractors

Credit Guarantee Scheme for Exporters (CGSE)

Pradhan Mantri Mudra Yojana ()