FundingFunding opportunities up to ₹10 Lakh through ACIC-VGU schemes
Equity-free Idea AI, SaaS & Enterprise
ClosesAug 15, 2026
Closed Grant Equity-free
Pradhan Mantri MUDRA Yojana
A Government of India scheme offering affordable credit to small and micro enterprises, across Shishu, Kishore, Tarun, and Tarun Plus loans up to Rs. 20 lakh.
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- Affordable credit for non-corporate, non-farm small and micro enterprises.
- Four loan bands: Shishu, Kishore, Tarun, and Tarun Plus.
- Loan sizes ranging up to Rs. 20 lakh.
- Covers manufacturing, trading, services, and allied agriculture.
- A Government of India scheme delivered through lenders.
About this scheme
Pradhan Mantri MUDRA Yojana (PMMY) is built to put affordable credit within reach of small and micro enterprises that are neither corporate nor farm-based. It helps such businesses, across manufacturing, trade, services, and allied farm activities, get to the funding they need.
The credit is split into four tiers by loan size. Shishu lends up to Rs. 50,000. Kishore covers Rs. 50,001 through Rs. 5 lakh. Tarun runs from Rs. 5 lakh up to Rs. 10 lakh, and Tarun Plus from Rs. 10 lakh up to Rs. 20 lakh.
Who can apply
- Non-corporate, non-farm small and micro enterprises can apply, including individuals, proprietorships, partnerships, and other eligible entities.
- The applicant should not be a defaulter with any lender and should have a sound credit history.
Benefits & funding
Headline support
Rs. 50,000 to Rs. 20 lakh
- Working-capital and term credit for small and micro enterprises in manufacturing, trading, services, and allied agriculture.
- Four loan bands to match business size: Shishu up to Rs. 50,000, Kishore from Rs. 50,001 to Rs. 5 lakh, and Tarun from Rs. 5 lakh to Rs. 10 lakh.
- A higher Tarun Plus band of Rs. 10 lakh to Rs. 20 lakh for established borrowers.
How the application process works
The journey below is informational, compiled from the official program guidelines. Applications are submitted directly with Government of India, in your own name.
- 1
An eligible enterprise approaches a participating lender, such as a bank, NBFC, or microfinance institution, and applies for the loan band that fits its needs and credit profile.
Want a second pair of eyes before you submit?IncorpX provides assistance for structuring proposals and organising the paperwork this process expects.
Official application
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Applications are submitted directly with Government of India, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with Government of India. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
What is Pradhan Mantri MUDRA Yojana?
A Government of India scheme that channels affordable credit to non-corporate, non-farm small and micro enterprises in manufacturing, trading, services, and allied agriculture.
What loan amounts are available?
Four bands: Shishu up to Rs. 50,000, Kishore from Rs. 50,001 to Rs. 5 lakh, Tarun from Rs. 5 lakh to Rs. 10 lakh, and Tarun Plus from Rs. 10 lakh to Rs. 20 lakh.
Who can apply?
Non-corporate, non-farm small and micro enterprises, including individuals, proprietorships, and partnerships, that are not defaulters with any lender and have a sound credit record.
Is this a grant?
No. PMMY provides credit, that is, loans to be repaid, rather than a non-repayable grant.
Important disclaimer
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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