Business Funding for MSMEs and Startups
Help with working capital, machinery loans, MUDRA and government scheme loans, and overdraft or cash credit limits, including project reports and CMA data.
Loans
Help applying for a loan under the Pradhan Mantri Mudra Yojana (PMMY) for small shops, traders, service businesses and micro enterprises.
- Loans
- Usually a few weeks after a complete file reaches the lender*
About Mudra Loan for Small Businesses
The Pradhan Mantri Mudra Yojana (PMMY) helps non-farm micro and small businesses get loans from banks, NBFCs and microfinance institutions for setting up or growing their business. Loans are given under different categories depending on how much you need.
Our desk in Nimta, Kolkata helps you choose the right category, prepare a simple business plan and your documents, and follow up with the lender. The decision on the loan is taken by the lending bank or institution.
Mudra loans are given by banks, NBFCs and MFIs under PMMY. Eligibility, amount, interest rate and security are decided by the lender. Approval is not guaranteed. We are not a government body.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Mudra Loan Categories
Loans are currently grouped by amount. Confirm the current limits with the lender, as scheme rules can change.
Shishu
Currently up to ₹50,000, for starting or very small businesses.
Kishore
Currently above ₹50,000 and up to ₹5 lakh, for businesses that are growing.
Tarun
Currently above ₹5 lakh and up to ₹10 lakh, for established businesses.
Tarun Plus
Currently above ₹10 lakh and up to ₹20 lakh, for borrowers who have repaid an earlier Tarun loan.
Who Needs This Service
- Small shopkeepers, traders and vendors
- Service businesses such as salons, repair shops and tailoring units
- Small manufacturers and food processing units
- Transport operators buying a commercial vehicle for business
- New entrepreneurs starting a micro business
Key Benefits
Right category chosen
We help you pick Shishu, Kishore, Tarun or Tarun Plus based on your need.
Business plan prepared
A simple plan showing how the money will be used and repaid.
Complete file
Your documents are checked so the lender has what it needs.
Follow-up with lender
We follow up so your application keeps moving.
Eligibility and Applicability
- Indian citizens with a non-farm income-generating business or business plan
- Proprietorships, partnerships and other small business units
- Manufacturing, trading and service activities, and allied agricultural activities
- A satisfactory credit history with no loan defaults
Loan limits and rules are as currently notified under PMMY and may change. Each lender applies its own credit checks and may ask for additional documents.
Documents Commonly Required
KYC
- Aadhaar card and PAN card of the applicant
- Recent passport-size photographs
- Address proof of residence and business
Business
- Proof of business: Udyam registration, trade licence or GST registration, as applicable
- Business plan or project report, with the purpose of the loan
- Quotations for machinery or equipment to be bought, if any
- Bank statements for recent months
- ITR and financial statements, for larger amounts
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Understand your need
Tell us about your business and how much you need.
Choose the category
We match your need to Shishu, Kishore, Tarun or Tarun Plus.
Prepare plan and file
We prepare the business plan and check your documents.
Apply with the lender
Your application is submitted to a partner bank or institution.
Decision and disbursal
The lender verifies, decides and, if approved, disburses the loan.
Estimated Timeline and Fees
Estimated timeline
Usually a few weeks after a complete file reaches the lender
Time depends on the lender, the amount, the category and any field verification.
Our service fee
Our fee for the business plan and application support is shared with you in writing before we begin.
Lender / third-party charges
Interest, any processing fee and other charges are set by the lender under its policy and the scheme rules.
* Approval, amount, interest rate and terms are decided by the lender under PMMY and its own credit policy. Limits are as currently notified and may change.
Common Mistakes to Avoid
- Paying an agent who promises a guaranteed Mudra loan
- Asking for more than the business plan can justify
- Not having proof that the business exists or is registered
- Using the loan for personal expenses instead of the business
Frequently Asked Questions
What are the Mudra loan categories?
Currently Shishu (up to ₹50,000), Kishore (up to ₹5 lakh), Tarun (up to ₹10 lakh) and Tarun Plus (up to ₹20 lakh, for those who have repaid an earlier Tarun loan). Please confirm current limits with the lender.
Is collateral needed for a Mudra loan?
Mudra loans are generally given without collateral, but the lender decides based on its policy and your case.
Can I get a Mudra loan for a new business?
Yes, new micro businesses can apply with a sound business plan. Shishu is meant for very small or starting businesses.
Is a Mudra loan guaranteed?
No. The lender decides after checking your eligibility, credit history and business plan. Be careful of anyone promising guaranteed approval.
Related Services
You May Also Need
CC Loan (Cash Credit) for Working Capital
Help getting a cash credit (CC) limit from a bank to run day-to-day business, with interest paid only on the amount you use.
MSME / Udyam Registration
Help registering your micro, small or medium enterprise on the official Udyam portal, and keeping the registration up to date.
Microfinance Loans for Small Business and Women Groups
Help applying for small-ticket microfinance loans for vendors, home businesses and self-help or joint liability groups.
Talk to Our Team
Have a Question About Mudra Loan?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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