Mudra Loan

Pradhan Mantri Yojana was launched in 2015 with the aim to help small scale businesses expand and attain success. Companies from both profit and non-profit sector can avail a loan under this scheme and can avail a loan of up to Rs.10 lakh to kickstart their business.

Purpose of Pradhan Mantri Mudra Loan Yojana


MUDRA loans can be taken for a variety of reasons that help in creating employment and generating income. Here are the main purposes for which Mudra loans are taken:

  • Business loan for shopkeepers, traders, vendors and other activities in the service sector
  • Equipment finance for small enterprise units
  • Working capital loan via MUDRA cards
  • Transport vehicle loans
  • People involved in Agri-allied non-farm income generating activities such as poultry farming, bee-keeping, pisciculture, etc. can apply for a Mudra Loan.
  • People who use tractors, tillers as well as two wheelers for commercial activities can apply for a Mudra Loan.