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Home / Business Finance & Loans / MUDRA Loan Support
Last updated: 2 October 2026
The Pradhan Mantri MUDRA Yojana helps micro and small non-farm businesses get collateral-free loans up to ₹20 lakh from banks, NBFCs and MFIs. Expertvuw’s team helps you choose the right category and prepare a complete application. The loan decision is the lender’s.
Under the Pradhan Mantri MUDRA Yojana (PMMY), member lending institutions — public and private banks, regional rural banks, small finance banks, NBFCs and MFIs — give loans to non-corporate, non-farm micro and small enterprises for income-generating activities in manufacturing, trading and services, including allied agricultural activities.
Loans are grouped into four categories: Shishu (up to ₹50,000), Kishore (above ₹50,000 up to ₹5 lakh), Tarun (above ₹5 lakh up to ₹10 lakh) and Tarun Plus (above ₹10 lakh up to ₹20 lakh), introduced from October 2024 for borrowers who have availed and repaid a Tarun loan. MUDRA loans do not require collateral, and are covered by the Credit Guarantee Fund for Micro Units (CGFMU).
Applications are made to a lender directly or through the Udyamimitra portal. Lenders assess the business plan, KYC and repayment capacity; interest rates are set by each lender.
Basis: Pradhan Mantri MUDRA Yojana guidelines (Ministry of Finance / MUDRA Ltd); Tarun Plus category effective 24 October 2024; Credit Guarantee Fund for Micro Units. Last updated: 27 September 2026.
Up to ₹50,000.
Above ₹50,000 up to ₹5 lakh.
Above ₹5 lakh up to ₹10 lakh.
Above ₹10 lakh up to ₹20 lakh, for those who repaid a Tarun loan.
Loans are collateral-free, backed by CGFMU.
Rates and sanction are set by the lender.
MUDRA applications fail mostly on basic documentation.
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MUDRA connects with these services.
Udyam registration.
Larger MSME loans.
Improving credit reports.
Guarantee cover for larger loans.
Check eligibility and category.
Prepare a business plan.
Organise KYC and business proofs.
You apply to the lender or via Udyamimitra.
Support lender queries.
Lender decides and disburses.
Use and repay the loan well.
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Share your query and our team will reply during business hours.
₹20 lakh under Tarun Plus, for borrowers who have availed and repaid a Tarun loan.
No. MUDRA loans are collateral-free and covered by the Credit Guarantee Fund for Micro Units.
Non-corporate, non-farm micro and small enterprises engaged in income-generating activities.
With banks, NBFCs, MFIs or through the Udyamimitra portal.
No. Lenders decide; Expertvuw helps prepare the application.
ACS – Director, Expertvuw Management Pvt Ltd
Loan and funding support is provided by Expertvuw’s team. Expertvuw is not a lender, loan agent or investment adviser — loans are sanctioned by banks and NBFCs, and grants by the relevant authorities, at their own discretion. Certificates and audits are issued by independent Chartered Accountants.