To apply for a Mudra loan, visit a nearby public or private sector bank, NBFC, or micro-finance institution offering the scheme. Fill out the PMMY loan application form, attach the required documents (like ID proof, address proof, and business plan), and submit them for processing. You can also apply online through the official Udyami Mitra portal (www.udyamimitra.in).

The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme by the Government of India that provides collateral-free business loans up to ₹20 lakhs to support micro and small enterprises.

Pre-requisites for PM Mudra Loan Application

Before starting the application, ensure you have the following documents:

  • Identity Proof (Aadhaar, PAN, etc.)

  • Address Proof (Utility bill, Aadhaar, etc.)

  • Recent Passport Size Photograph

  • Applicant’s Signature

  • Proof of Business Identity/Address (for business entities)

Step-by-Step Process to Apply for a Mudra Loan Online

Step 1: Visit the official Mudra website and click on the Udyamimitra portal to start your online application.

Step 2: Click “Apply Now” on the Mudra loan section to begin the loan application process.

Step 3: Select your applicant type – New Entrepreneur, Existing Entrepreneur, or Self-employed Professional based on your profile.

Step 4: Register using your name, email ID, and mobile number, then verify the OTP sent to your phone to continue.

Step 5: Fill in personal details such as your address, date of birth, education, and professional background.

Step 6: Choose a handholding agency if you need assistance with documentation or project planning, or skip if not required.

Step 7: Select the type of Mudra loan – Shishu (up to ₹50,000), Kishore (₹50,001–₹5 lakh), or Tarun (₹5–₹10 lakh).

Step 8: Provide business details like business name, type (Manufacturing/Services/Trading/Agriculture), and activity.

Step 9: Enter financial information such as ownership details, existing bank facilities, loan requirements, and revenue projections.

Step 10: Upload all necessary documents – ID proof, address proof, applicant photo, signature, and business address proof.

Step 11: Submit the application form and save the Application Number generated for tracking and future reference.