The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises. These enterprises can avail loans up to Rs.10 Lakh under the MUDRA (Micro Units Development & Refinance Agency Ltd.) scheme.
|Loan Amount||Maximum loan amount Rs. 10 lakh
- Loan of upto Rs. 50,000 under Shishu
- Loan from Rs. 50,001 to Rs. 500,000 under Kishore
- Loan from Rs. 500,001 to Rs.10,00,000 under Tarun
|Processing fee||Nil for Shishu and Kishore loan, 0.5% of the loan amount for Tarun loan|
|Eligibility Criteria||New and existing units|
|Repayment period||3 –5 years|
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