PM Mudra Loan Yojana 2026 — Get ₹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 launch, the scheme has disbursed over ₹27 lakh crore to 46+ crore entrepreneurs.
Whether you want to start a new business, expand existing operations, or buy equipment — PM Mudra Loan needs no guarantee, no collateral, and can be applied at any bank in India. Interest rates start from just 8% per annum.
📌 PM Mudra Yojana 2026 — Key Details
- Maximum Loan: ₹10,00,000 (₹10 Lakh)
- Collateral: No guarantee required
- Interest Rate: 8% – 12% per annum
- Repayment: 3 to 5 years
- Available At: All banks, NBFCs, MFIs, Small Finance Banks
- Official Website: mudra.org.in
PM Mudra Loan 3 Categories & Who Can Apply
| Category | Loan Amount | Best For | Rate |
|---|---|---|---|
| Shishu | Up to ₹50,000 | New startups, street vendors | 10-12% |
| Kishor | ₹50,001 – ₹5,00,000 | Expanding small businesses | 9-11% |
| Tarun | ₹5,00,001 – ₹10,00,000 | Established businesses | 8-10% |
Who Can Apply?
- ✅ Any Indian citizen aged 18-65 years
- ✅ Self-employed (tailor, carpenter, plumber, electrician)
- ✅ Small shopkeepers, vendors, traders
- ✅ Transport operators (auto, taxi, e-rickshaw)
- ✅ Food stall, dhaba, restaurant owners
- ✅ Dairy, poultry farm, fisheries
Documents Required & How to Apply
Documents Needed
- Aadhaar card + PAN card
- Bank statement (last 6 months)
- Business proof (GST certificate / trade licence)
- Electricity bill / ration card (address proof)
- 2 passport-size photographs
How to Apply
- Bank Visit: Go to nearest SBI/PNB/Bank of Baroda → Ask for PMMY loan form → Submit documents → Get loan in 7-15 days
- Online: Visit jansamarth.in → Select Mudra Loan → Fill form online → Choose bank
💡 Tip: If one bank rejects, try another. NBFCs and MFIs often easier to approve for Shishu (₹50K) loans. Scheme is completely free — report any agent demanding fee to 14440.
- 🔗 Also Read: Ayushman Bharat — ₹5 Lakh Free Health Insurance
- 🔗 Also Read: PM Awas Yojana — Free House for BPL Families
- 🔗 More Jobs: JobKaka.com
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Nevlite Editorial Team
Government exam experts & career counselors helping Indian aspirants since 2020.
