Business, & agriculture finance

Pradhan Mantri Mudra Yojana

Mudra Loan: Pradhan Mantri Mudra Yojna () is a govt scheme to finance micro and small enterprises. Apply for Mudra loan online at Bank of Baroda & grow your business!

Facility amountNo minimum loan amount; current PMMY maximum is ₹20 lakh. Shishu is up to ₹50,000, Kishore is ₹50,001–₹5 lakh, Tarun is ₹5,00,001–₹10 lakh and Tarun Plus is ₹10,00,001–₹20 lakh for borrowers who have successfully repaid a Tarun loan.RateROI is as applicable to the MSME sector. Under the current Bank of Baroda MSME matrix, micro limits up to ₹50,000 use BRLLR + SP, above ₹50,000 to ₹2 lakh use BRLLR + SP + 2.00%, and above ₹2 lakh to ₹10 lakh use BRLLR + SP + 2.20%; BRLLR is 7.90% p.a. w.e.f. 6 December 2025. The applicable rate remains dependent on the sanctioned band and borrower assessment.Customer typeEligible micro, small and medium enterprises

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✓ Manually checked 11 Sept 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan amountNo minimum loan amount; maximum ₹20 lakh under the current PMMY page, including Tarun Plus up to ₹20 lakh for successful Tarun-loan borrowers.View source

The current page says there is no minimum and the scheme maximum is ₹20 lakh.

Source: Mudra Loan — Pradhan Mantri Mudra Yojana current official page
Page / section: Benefits; Features
Accessed: 11 Sept 2026
Confidence: high

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Mudra bandsShishu up to ₹50,000; Kishore ₹50,001–₹5 lakh; Tarun ₹5,00,001–₹10 lakh; Tarun Plus ₹10,00,001–₹20 lakh for borrowers who have successfully repaid a Tarun loan.View source

The current page's feature section lists Shishu, Kishore, Tarun and Tarun Plus bands.

Source: Mudra Loan — Pradhan Mantri Mudra Yojana current official page
Page / section: Features — four Mudra categories
Accessed: 11 Sept 2026
Confidence: high

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Maximum repayment periodUp to 84 months for term/demand loans; working capital 12 monthsView source

The official page distinguishes term/demand and working-capital periods.

Source: Pradhan Mantri Mudra Yojana
Page / section: — Repayment Period
Accessed: 21 Aug 2026
Confidence: high

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CollateralNo collateral is required. The bank may hypothecate assets created from its finance, and the loan is covered under CGTMSE.View source

The page states no security or collateral, while the specifies hypothecation of financed assets and coverage.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: Benefits; — Security; Insurance / Guarantee
Accessed: 30 Aug 2026
Confidence: high

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Processing feeNilView source

The official page states nil processing fee.

Source: Pradhan Mantri Mudra Yojana
Page / section: Benefits / — Processing Fee
Accessed: 21 Aug 2026
Confidence: high

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Mudra categoriesCurrent categories: Shishu up to ₹50,000; Kishore ₹50,001–₹5 lakh; Tarun ₹5,00,001–₹10 lakh; Tarun Plus ₹10,00,001–₹20 lakh for borrowers who have successfully repaid a Tarun loan.View source

Current feature section reviewed in full.

Source: Mudra Loan — Pradhan Mantri Mudra Yojana current official page
Page / section: Features
Accessed: 11 Sept 2026
Confidence: high

Open official source ↗

Mudra loan termsThe loan is for non-farm micro or small enterprises in manufacturing, trading or services. It is collateral-free with nil processing fee; repayment is up to 84 months with suitable moratorium subject to annual review for term/demand loans, while working capital is for 12 months subject to annual review. Pre-closure charges are nil and CGTMSE coverage applies.View source

The official Benefits and sections publish eligibility, collateral, fees, repayment, pre-closure and guarantee terms.

Source: Pradhan Mantri Mudra Yojana (Mudra Loan)
Page / section: Benefits /
Accessed: 23 Aug 2026
Confidence: high

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Turnover / vintageFor non-farm micro and small enterprises engaged in income-generating manufacturing, trading or services (including eligible allied agriculture); no turnover amount or business-vintage threshold is published.View source

The page defines the enterprise type and activities and says credit needs must be up to ₹10 lakh, but gives no turnover or operating-age threshold.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: Eligibility; Overview
Accessed: 30 Aug 2026
Confidence: high

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The current official page lists four categories, Tarun Plus and a maximum of ₹20 lakh.

Source: Mudra Loan — Pradhan Mantri Mudra Yojana current official page
Page / section: Features; Most Important Terms and Conditions — Maximum Limit
Accessed: 11 Sept 2026
Confidence: high

Open official source ↗

RateROI is as applicable to the MSME sector. Under the current Bank of Baroda MSME matrix, micro limits up to ₹50,000 use BRLLR + SP, above ₹50,000 to ₹2 lakh use BRLLR + SP + 2.00%, and above ₹2 lakh to ₹10 lakh use BRLLR + SP + 2.20%; BRLLR is 7.90% p.a. w.e.f. 6 December 2025. The applicable rate remains dependent on the sanctioned band and borrower assessment.Effective 6 Dec 2025View source

The current page links to pricing, and the current rate matrix publishes the micro bands.

Source: Loan Interest Rates — current matrix used by Mudra-linked products
Page / section: Regulatory limits up to ₹25 lakh; context
Accessed: 11 Sept 2026
Confidence: high

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TenureTerm or demand loans: up to 84 months with a suitable moratorium, subject to annual review. Working capital: 12 months, subject to annual review.View source

The section publishes separate periods for term/demand and working-capital facilities.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: — Repayment Period
Accessed: 30 Aug 2026
Confidence: high

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FeesNil processing fee for all categories. Pre-closure charges are also nil.View source

The benefits and sections both publish nil processing fee; the separately publishes nil pre-closure charges.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: Benefits; — Processing Fee; Pre-closure charges
Accessed: 30 Aug 2026
Confidence: high

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DocumentsDuly completed Mudra application form; identity proof for all applicants; residence proof for all applicants; business identity and address proof; latest photographs; minority proof where applicable; and proof of the loan requirement such as equipment quotations and vendor details.View source

The documentation section enumerates the application, identity, residence, business, photograph, minority and loan-need proofs.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: Documentation
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsThe Government of India PMMY is presented for eligible Indian non-farm micro and small enterprises; no state, branch or territorial restriction is published on the reviewed page.View source

The page describes as a Government of India scheme for eligible enterprises in India and does not limit access to a region.

Source: Pradhan Mantri Mudra Yojana — official Bank of Baroda page
Page / section: Overview; Eligibility
Accessed: 30 Aug 2026
Confidence: medium

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Customer typeEligible micro, small and medium enterprisesView source

The manually reviewed product record states: “Eligible micro, small and medium enterprises”.

Source: Pradhan Mantri Mudra Yojana — official product page
Page / section: Published product metadata
Accessed: 15 Aug 2026
Confidence: high

Open official source ↗

Documents the bank lists

Mudra application form
identity proof
residence proof
business identity and address proof
latest photographs
minority proof where applicable
equipment quotations or vendor details

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹12,647twelve thousand six hundred forty-seven rupees

Interest paid over the full loan₹5,35,300five lakh thirty-five thousand three hundred rupees

Everything you repay₹30,35,300thirty lakh thirty-five thousand three hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Category / term

Shishu · Published detailUp to ₹50,000

This value is copied from current categories and terms. Check the table notes before relying on it.

Source: Mudra Loan — Pradhan Mantri Mudra Yojana current official page · Benefits; Features; Eligibility; Documentation; Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 2 columnsPMMY current categories and termsCurrent official Mudra category bands and key conditions.View tableHide table

Scroll sideways to view every column

PMMY current categories and terms
Category / term	Published detail
Shishu	Up to ₹50,000
Kishore	₹50,001–₹5 lakh
Tarun	₹5,00,001–₹10 lakh
Tarun Plus	₹10,00,001–₹20 lakh, only for borrowers who successfully repaid a Tarun loan
Minimum	No minimum loan amount
Maximum	₹20 lakh
Repayment	Term/demand up to 84 months with suitable moratorium; working capital 12 months, subject to annual review
Processing	Nil for all categories
Security	Hypothecation of assets created by bank finance; no collateral
Guarantee	coverage
Pre-closure	Nil
Documentation	Application, identity/address proof, business proof, photographs, category proof where applicable and proof of loan requirement

Mudra Loan — Pradhan Mantri Mudra Yojana current official page · Benefits; Features; Eligibility; Documentation; · accessed 11 Sept 2026Open official source ↗

Pradhan Mantri Mudra Yojana

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