Any Indian citizen having a business plan for a non-farm income-generating activity is eligible for a MUDRA loan. Businesses from the manufacturing sector or the service sector needing credit up to Rs. 10 lakhs can approach either a bank or an NBFC for availing a MUDRA loan under Pradhan Mantri MUDRA Yojana(PMMY). The terms and conditions of your lender would have to be followed for availing a loan under PMMY. 

Under the Shishu scheme, start-ups will be able to borrow loans up to a maximum amount of Rs. 50,000. The Kishore scheme provides loans for businesses that are trying to become well established, which covers loans between Rs. 50,000 and Rs. 5 lakhs. Well established businesses looking forward to expanding, fall under the Tarun category and this covers loans between Rs. 5 lakhs and Rs. 10 lakhs. The applicant should have a good credit score to get high approval chances.