PM Mudra Loan Yojana 2026 — ₹10 Lakh Business Loan Without Guarantee, Apply Online
The Pradhan Mantri Mudra Yojana (PMMY) 2026 provides collateral-free business loans up to ₹10 lakh to small entrepreneurs, self-employed individuals, and small business owners. Since its launch, the scheme has disbursed over ₹27 lakh crore to 46+ crore entrepreneurs across India — making it the world's largest micro-enterprise financing scheme.
📌 PM Mudra Yojana 2026 — Key Details
- Maximum Loan: ₹10,00,000 (₹10 Lakh)
- Collateral Required: None — no guarantee needed
- Interest Rate: 8% – 12% per annum
- Repayment Period: 3 to 5 years
- Where to Apply: All banks, NBFCs, MFIs, Small Finance Banks
- Official Website: mudra.org.in
PM Mudra Loan 2026 — 3 Categories
| Category | Loan Amount | Best For | Interest Rate |
|---|---|---|---|
| Shishu | Up to ₹50,000 | New startups, street vendors, micro businesses | 10–12% |
| Kishor | ₹50,001 – ₹5,00,000 | Expanding existing small businesses | 9–11% |
| Tarun | ₹5,00,001 – ₹10,00,000 | Established businesses needing expansion | 8–10% |
Who Can Apply for PM Mudra Loan?
- ✅ Any Indian citizen aged 18-65 years
- ✅ Self-employed (tailor, carpenter, plumber, electrician)
- ✅ Small shopkeepers, traders, vendors
- ✅ Food stall, dhaba, restaurant owners
- ✅ Transport operators (auto, taxi, e-rickshaw)
- ✅ Dairy, poultry, fisheries operators
- ✅ Handloom, handicraft, pottery makers
Documents Required
| Document Type | Required |
|---|---|
| Identity Proof | Aadhaar card + PAN card |
| Address Proof | Electricity bill / ration card |
| Business Proof | GST certificate / trade licence |
| Bank Details | Last 6 months bank statement |
| Photos | 2 recent passport-size photographs |
⚠️ Beware of Fraud: PM Mudra Loan is completely free to apply. Never pay any agent or middleman. Report fraud to 14440.
Along with PM Mudra Loan, explore other government schemes like Ayushman Bharat ₹5 lakh health insurance and PM Awas Yojana free house scheme.
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PM Kisan 19th — ₹4,000
Ayushman Bharat — ₹5 Lakh
Sukanya Samriddhi — 8.2%
PM Awas Yojana — Free House
PM Mudra — ₹10 Lakh Loan
PM Ujjwala — Free Gas
Atal Pension — ₹5,000/month
How to Apply for PM Mudra Loan 2026
Method 1 — Visit Any Bank (Easiest)
- Go to nearest SBI, PNB, Bank of Baroda, or any public sector bank
- Ask for the PMMY / Mudra Loan application form
- Submit documents for KYC verification
- Loan disbursed in 7-15 working days
Method 2 — Apply Online
- Visit jansamarth.in
- Register with Aadhaar and mobile number
- Select "Mudra Loan" category
- Fill application and choose preferred bank
PM Mudra EMI Calculator
| Loan Amount | Rate | Tenure | Monthly EMI |
|---|---|---|---|
| ₹50,000 | 10% | 3 years | ₹1,614 |
| ₹2,00,000 | 10% | 3 years | ₹6,453 |
| ₹5,00,000 | 9% | 5 years | ₹10,381 |
| ₹10,00,000 | 8.5% | 5 years | ₹20,517 |
💡 Tip: If one bank rejects your application, try another bank. NBFCs and MFIs often have easier approval for Shishu (up to ₹50,000) loans.
Important Official Links
- 🔗 mudra.org.in — Official PM Mudra portal
- 🔗 jansamarth.in — Government loan portal, apply online
- 🔗 india.gov.in — PM Mudra scheme details
✍️
Nevlite Editorial Team
Government exam experts & career counselors with 10+ years experience. All information verified from official government sources.
