PM Mudra Yojana — Shishu
Collateral-free micro loans up to ₹50,000 for starting or small business operations.
Overview & Objectives
Pradhan Mantri Mudra Yojana (PMMY) Shishu tier provides collateral-free institutional credit up to ₹50,000 to micro-entrepreneurs, shopkeepers, fruit/vegetable vendors, and artisanal units through commercial banks, RRBs, Small Finance Banks, and MFIs.
Financial Benefit Structure
Eligibility Criteria
Indian citizens with a viable non-farm business idea or small existing enterprise. No collateral required.
Required Documents Checklist
- Identity Proof (Aadhaar / Voter ID / Passport)
- Address Proof (Electricity Bill / Aadhaar)
- Proof of Business Enterprise (if operational)
- Bank Account Statements (past 6 months)
- Passport size photographs (2 copies)
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