All About Mudra Loan Under Pradhan Mantri Mudra Yojana

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Mudra Loans

MUDRA stands for Micro-Units Development and Refinance Agency. It is provided under Pradhan Mantri Mudra Yojana. Through this program, individuals can access business loans ranging from Rs.50,000 to Rs.10 lakh.



Its primary objective is to promote entrepreneurship, especially among individuals belonging to underprivileged and economically weaker sections of society.


Activities Under Mudra Loan

It covers a range of activities in the food products sector, transport, business, and textile agriculture-related activities. 


Steps To Secure The Loan

 The first step is to craft a comprehensive business plan. This is followed by checking the eligibility for the loan and then proceeding through the loan application process.


Options To Secure The Loan

There are several options to avail of the loan by visiting the public and private sector commercial banks and also by visiting the UdyamMitra portal.

Online Portal


People with independent business plans in the service sector, trading, or manufacturing activities who seek loans up to Rs 10 lakh, are eligible to apply for Mudra loans. The maximum age limit to apply is 65.



Mudra Loans provide financial inclusion by offering a chance for individuals who were previously excluded from the formal banking sector to gain access to credit. It also provides interest rate subsidies. 

Compiled by Syed Muskan