PM Mudra Yojana - Shishu
Collateral-free loans up to ₹50,000 for micro enterprises
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PM Mudra Yojana is a flagship scheme launched by the Government of India to provide collateral-free loans to micro and small enterprises. Shishu category covers loans up to ₹50,000 for new businesses in manufacturing, trading, and services sectors. The scheme aims to provide formal finance to the unfunded informal sector and help small businesses grow.
Any Indian citizen above 18 years of age can apply. The borrower should have a business plan for new business. For existing businesses, minimum 6 months of operation and GST registration may be required.
- Aadhar Card
- PAN Card
- Business Registration Certificate
- GST Registration
- Bank Passbook
- Photograph
- Business Plan
No collateral required, low interest rates starting from 8.40%, quick loan approval within 15 days, no processing fees for loans up to ₹50,000.
Data Accuracy Notice
Information verified as of March 2025 from official government sources. Scheme details, eligibility, and loan amounts may change. Always verify current information on the official portal before applying.
Visit the official government portal to apply for this scheme. Make sure you have all required documents ready.
Rajesh Sharma, CA
Mumbai · ⭐ 4.9 (127)
"Helped 500+ MSMEs secure loans"