{"id":16675,"date":"2026-03-13T04:56:10","date_gmt":"2026-03-13T04:56:10","guid":{"rendered":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/?p=16675"},"modified":"2026-03-13T04:58:27","modified_gmt":"2026-03-13T04:58:27","slug":"pm-mudra-loan-2026-eligibility-application-guide","status":"publish","type":"post","link":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/","title":{"rendered":"PM Mudra Loan 2026 \u2013 Eligibility &amp; Application Guide"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"pm-mudra-loan-overview\"><span class=\"ez-toc-section\" id=\"PM_Mudra_Loan_Overview\"><\/span>PM Mudra Loan Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The PM Mudra Loan is a flagship scheme launched by the Government of India under the Pradhan Mantri Mudra Yojana (PMMY). It provides collateral-free loans to small and micro businesses across India.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0c0c0c;color:#0c0c0c\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0c0c0c;color:#0c0c0c\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#PM_Mudra_Loan_Overview\" >PM Mudra Loan Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#What_Is_PM_Mudra_Loan\" >What Is PM Mudra Loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Loan_Categories_Under_PM_Mudra_Yojana\" >Loan Categories Under PM Mudra Yojana<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#PM_Mudra_Loan_Eligibility_Criteria_2026\" >PM Mudra Loan Eligibility Criteria (2026)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Basic_Eligibility\" >Basic Eligibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Eligible_Business_Types\" >Eligible Business Types<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Interest_Rate_In_2026\" >Interest Rate In 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Documents_Required\" >Documents Required<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Identity_Proof\" >Identity Proof<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Address_Proof\" >Address Proof<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Business_Documents\" >Business Documents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Other_Documents\" >Other Documents<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#How_To_Apply_For_PM_Mudra_Loan_In_2026\" >How To Apply For PM Mudra Loan In 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Offline_Process\" >Offline Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Online_Process\" >Online Process<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Processing_Time\" >Processing Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.legalserviceindia.com\/Legal-Articles\/pm-mudra-loan-2026-eligibility-application-guide\/#Benefits_Of_PM_Mudra_Loan\" >Benefits Of PM Mudra Loan<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-pm-mudra-loan\"><span class=\"ez-toc-section\" id=\"What_Is_PM_Mudra_Loan\"><\/span>What Is PM Mudra Loan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PM Mudra Loan supports:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Small shopkeepers<\/li>\n\n\n\n<li>Service sector units<\/li>\n\n\n\n<li>Micro manufacturing firms<\/li>\n\n\n\n<li>Artisans and craftsmen<\/li>\n\n\n\n<li>Women entrepreneurs<\/li>\n\n\n\n<li>Startups and small business owners<\/li>\n<\/ul>\n\n\n\n<p>Loans are offered through banks, NBFCs, and microfinance institutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"loan-categories-under-pm-mudra-yojana\"><span class=\"ez-toc-section\" id=\"Loan_Categories_Under_PM_Mudra_Yojana\"><\/span>Loan Categories Under PM Mudra Yojana<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Loan Category<\/th><th>Loan Amount<\/th><th>Suitable For<\/th><\/tr><\/thead><tbody><tr><td><strong>Shishu Loan<\/strong><\/td><td>Up to \u20b950,000<\/td><td>New startups and first-time entrepreneurs<\/td><\/tr><tr><td><strong>Kishore Loan<\/strong><\/td><td>\u20b950,001 to \u20b95 lakh<\/td><td>Growing businesses<\/td><\/tr><tr><td><strong>Tarun Loan<\/strong><\/td><td>\u20b95 lakh to \u20b910 lakh<\/td><td>Established businesses expanding operations<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"pm-mudra-loan-eligibility-criteria-2026\"><span class=\"ez-toc-section\" id=\"PM_Mudra_Loan_Eligibility_Criteria_2026\"><\/span>PM Mudra Loan Eligibility Criteria (2026)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"basic-eligibility\"><span class=\"ez-toc-section\" id=\"Basic_Eligibility\"><\/span>Basic Eligibility<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Must be an Indian citizen<\/li>\n\n\n\n<li>Age between 18 and 65 years<\/li>\n\n\n\n<li>Non-corporate, non-farm small\/micro enterprise<\/li>\n\n\n\n<li>Business plan required for higher loan amounts<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"eligible-business-types\"><span class=\"ez-toc-section\" id=\"Eligible_Business_Types\"><\/span>Eligible Business Types<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Manufacturing units<\/li>\n\n\n\n<li>Trading businesses<\/li>\n\n\n\n<li>Service enterprises<\/li>\n\n\n\n<li>Food processing units<\/li>\n\n\n\n<li>Repair shops<\/li>\n\n\n\n<li>Beauty salons<\/li>\n\n\n\n<li>Transport operators<\/li>\n\n\n\n<li>Tailoring units<\/li>\n\n\n\n<li>Retail stores<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"interest-rate-2026\"><span class=\"ez-toc-section\" id=\"Interest_Rate_In_2026\"><\/span>Interest Rate In 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is no fixed interest rate under PM Mudra Yojana. It depends on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lending institution<\/li>\n\n\n\n<li>Credit score<\/li>\n\n\n\n<li>Business profile<\/li>\n\n\n\n<li>Loan category<\/li>\n<\/ul>\n\n\n\n<p>Generally, rates range between 8% to 12% per annum (subject to bank policy).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"documents-required\"><span class=\"ez-toc-section\" id=\"Documents_Required\"><\/span>Documents Required<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"identity-proof\"><span class=\"ez-toc-section\" id=\"Identity_Proof\"><\/span>Identity Proof<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhar Card<\/li>\n\n\n\n<li>PAN Card<\/li>\n\n\n\n<li>Voter ID or Driving License<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"address-proof\"><span class=\"ez-toc-section\" id=\"Address_Proof\"><\/span>Address Proof<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Utility bill<\/li>\n\n\n\n<li>Rent agreement<\/li>\n\n\n\n<li>Aadhar card<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"business-documents\"><span class=\"ez-toc-section\" id=\"Business_Documents\"><\/span>Business Documents<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business registration (if available)<\/li>\n\n\n\n<li>Machinery quotation (if required)<\/li>\n\n\n\n<li>Business plan (for Kishore &amp; Tarun)<\/li>\n\n\n\n<li>Bank statements (last 6 months)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"other-documents\"><span class=\"ez-toc-section\" id=\"Other_Documents\"><\/span>Other Documents<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Passport-size photographs<\/li>\n\n\n\n<li>Caste certificate (if applicable)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-apply-pm-mudra-loan-2026\"><span class=\"ez-toc-section\" id=\"How_To_Apply_For_PM_Mudra_Loan_In_2026\"><\/span>How To Apply For PM Mudra Loan In 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"offline-process\"><span class=\"ez-toc-section\" id=\"Offline_Process\"><\/span>Offline Process<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit nearest bank branch<\/li>\n\n\n\n<li>Collect Mudra loan application form<\/li>\n\n\n\n<li>Fill in required details<\/li>\n\n\n\n<li>Attach documents<\/li>\n\n\n\n<li>Submit application<\/li>\n\n\n\n<li>Verification and approval<\/li>\n\n\n\n<li>Loan disbursement<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"online-process\"><span class=\"ez-toc-section\" id=\"Online_Process\"><\/span>Online Process<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit your bank\u2019s official website<\/li>\n\n\n\n<li>Go to Mudra Loan section<\/li>\n\n\n\n<li>Fill application form<\/li>\n\n\n\n<li>Upload documents<\/li>\n\n\n\n<li>Submit and wait for verification<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"processing-time\"><span class=\"ez-toc-section\" id=\"Processing_Time\"><\/span>Processing Time<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>7 to 15 working days<\/li>\n\n\n\n<li>Depends on documentation and bank verification<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"benefits-of-pm-mudra-loan\"><span class=\"ez-toc-section\" id=\"Benefits_Of_PM_Mudra_Loan\"><\/span>Benefits Of PM Mudra Loan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No collateral required<\/li>\n\n\n\n<li>Flexible repayment tenure (up to 5 years)<\/li>\n\n\n\n<li>Lower interest than personal loans<\/li>\n\n\n\n<li>Supports small entrepreneurs<\/li>\n\n\n\n<li>Special focus on women and SC\/ST applicants<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PM Mudra Loan Overview The PM Mudra Loan is a flagship scheme launched by the Government of India under the Pradhan Mantri Mudra Yojana (PMMY). It provides collateral-free loans to small and micro businesses across India. What Is PM Mudra Loan? PM Mudra Loan supports: Loans are offered through banks, NBFCs, and microfinance institutions. Loan<\/p>\n","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"two_page_speed":[],"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[7],"tags":[4765],"class_list":{"0":"post-16675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banking-finance-laws","7":"tag-banking-finance-laws"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/posts\/16675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/comments?post=16675"}],"version-history":[{"count":0,"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/posts\/16675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/media?parent=16675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/categories?post=16675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalserviceindia.com\/Legal-Articles\/wp-json\/wp\/v2\/tags?post=16675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}