8
CGTMSE Credit Guarantee for MSMEs
Launched 2000. Collateral-free loan guarantee for micro and small enterprises. Amounts and rules change often; confirm on the official ministry porta…
PM Mudra Yojana (PMMY)
Ministry of Finance / MUDRA
Collateral-free business loans for micro and small enterprises, in Shishu, Kishore and Tarun categories.
🎁 Benefits
- Shishu: loans up to ₹50,000
- Kishore: ₹50,000 to ₹5 lakh
- Tarun: ₹5 lakh to ₹10 lakh
- Tarun Plus: above ₹10 lakh up to ₹20 lakh, only for entrepreneurs who have fully repaid an earlier Tarun loan (since Nov 2024)
- No collateral required
✅ Who can apply
- Any Indian citizen with a business plan for a non-farm income-generating activity
- Manufacturing, trading or service enterprise, including small shops and vendors
📎 Documents needed
- Aadhaar and PAN
- Address proof
- Business proof / plan
- Bank statements
- Passport-size photographs
🧭 How to apply
- Approach any bank, NBFC or microfinance institution, or apply via the Udyamimitra portal
- Fill the MUDRA loan application form
- Submit documents; the lender evaluates and sanctions the loan
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6
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