9/8/2017 Eligibility for Mudra Loan – Pradhan Mantri Mudra Loan Yojana

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Eligibility for Mudra Loan Mudra Yojana Scheme for Women

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Mudra Yojana in Hindi
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Documents Required to avail Loan in Mudra Loan

Eligibility for Mudra Loan How to Apply/Enroll Get Mudra Loan (Pradhan
Mantri Mudra Yojana)
Formally launched in the 2015 Union budget of India, the MUDRA scheme Apply for KCC Loan mafi in UP | Kisan Rin Mochan
or the Pradhan Mantri Mudra Yojana (PMMY) was aimed at providing Yojana (Karz rahat) upkisankarjrahat.upsdc.gov.in
financial assistance to the small scale entrepreneurs located in remote Eligibility for Mudra Loan
areas, outside the access of regular areas of banking functionality. Having (www.mudra.org.in )Pradhan Mantri Mudra Yojana
traced down through the NSSO survey, about 58 crore worth of small Toll Free Helpline Numbers, Email and Website

businesses have already served as the initial set of target clients for the Pradhan Mantri Mudra Yojana Application Form

Mudra Loan scheme.

Talking at length about this institutionalized facility that extends a helping

hand to all the start-ups and small enterprises or otherwise referred to as
the ‘micro units’ of the country, the ‘Micro Units Development and
Refinance Agency’ (MUDRA) Ltd. is exclusively directed towards the
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9/8/2017 Eligibility for Mudra Loan – Pradhan Mantri Mudra Loan Yojana

funding needs and demands of the non-corporate business ventures in the

Mudra bank loan yoja…
country. 64 likes

Scheme Guidelines

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Certain tasks undertaken by the Mudra Yojana banks involve preparing and
launching the policies in accordance with the approved guidelines of the
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scheme and making sure that it is implemented with efficiency. Along with
the increased involvement of Micro Finance Institutions (MFIs) in the
scheme’s plan of action, their registration and regulation have become a
priority too.

In addition to the basic structure of credit guarantee, creating a solid

foundation for the MFIs and the micro units to attain their optimum or
desired capacities of efficiency has been focused on at large by this
scheme too.

But, having talked about the scheme and its point-of-focus, the basic
eligibility to avail the said financial services under the same has been
specified by the government as well.

Basic Eligibility criterion

These target business clients were handpicked carefully as they proved

eligible to avail the services of the Mudra Yojana scheme that lays down
certain conditions to be satisfied for the same like:

The business unit should be either one of the following:

1. Small manufacturing unit

2. b) Shopkeepers
3. c) Fruit and vegetable vendors
4. d) Artisans

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9/8/2017 Eligibility for Mudra Loan – Pradhan Mantri Mudra Loan Yojana

The bank classifies the targets into 3 broad categories with each
availing a maximum amount as loan to their credit:

1. Shishu – up to Rs. 50,000

2. Kishore – up to Rs. 5,00,000
3. Tarun – up to Rs. 10,00,000

A recent addition to the Mudra Yojana fund grossing up to Rs.

1,00,000 crore has been further allocated amounting up to 40%,
35% and 25% respectively to each of the 3

Thus, in technical terms, the loans that are extended to the non-farm
income generating ventures in manufacturing, trading and service provision
sectors, that amount up to less than Rs. 10 lakhs by the public sector banks
to the regional rural banks to the state co-operative banks and urban co-
operative banks fall under the PMMY scheme and become what is called
‘MUDRA loans’.

Eligible Institutions

Another pressure point in the scheme is the type of eligible lending

institutions that can practice this scheme and extend financial assistance to
the eligible borrower base. A rough idea of the same can be inferred from
the technical definition of Mudra loans like the regional rural banks,
scheduled commercial banks and state to urban co-operative banks. In
addition to these institutionalized lenders under the Mudra Yojana scheme,
we do have another list of;

1. Micro financial institutions like societies and trusts

2. NBCFs and MFIs that have been subjected and approved to
implement the scheme.

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As a result, around 27 public sector banks to 17 private sectors as well as

27 regional rural banks and 25 micro-finance institutions have already been
activated under the Mudra Yojana scheme for credit enhancement
activities.

Eligible categorical classification as per the Micro Units

With the growth stage of the venture taken as a basis of classification, the
approaches to development strategy and funding requirements for these
has been put into 3 categories:

Shishu category – Features exclusive structure designed for start-

ups in need of financial support up to the amount of 50,000.
Kishore category – Here the small ventures that have had business
operations in the past but are yet to be officially established are
focused upon and helped with loans from Rs. 50,000 to Rs. 5 lakhs.
Tarun category – This division looks after the business enterprises
that are fully established and functioning but do lack a prominent
financial foundation to fall back on the business deals with loans
extended from Rs. 5 lakhs to Rs. 10 Lakhs.

Once cleared all the eligibility checks of the respective category of

business, the application into the Mudra Yojana scheme varies too in
accordance with the categories you fall in.

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