Collateral-free capital for the business you're already building, backed by a government-recognised scheme.
Mudra Finance connects small business owners, artisans and first-generation entrepreneurs to Shishu, Kishor and Tarun loans through our network of partner banks — no collateral, no guarantor, and a decision inside two weeks.
Four tiers, one straightforward path to funding
Your loan tier is set by what your business needs to grow next — not by paperwork. Each tier carries its own ceiling, pricing and support level.
Shishu
Built for businesses in their first year — stock, tools or working capital to get trading.
Apply for Shishu →Kishor
For businesses with a trading history ready to add capacity, staff or a second location.
Apply for Kishor →Tarun
Substantial capital for established businesses investing in equipment or premises.
Apply for Tarun →Tarun Plus
Our premium tier for high-growth businesses, paired with a dedicated relationship manager.
Apply for Tarun Plus →
Six checks decide most applications
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Age 18–65 and an Indian citizen running a non-farm, non-corporate business.
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Minimum 6 months of business vintage, in any trade, manufacturing or service activity.
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No collateral or guarantor needed at any of the four loan tiers.
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Aadhaar-linked bank account in the applicant's name is mandatory.
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A working credit history is preferred but a thin file won't disqualify you outright.
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Agri-allied activity qualifies, though direct farming does not fall under PMMY.
Four documents, scanned and ready
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Aadhaar Card — identity and address verification.
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PAN Card — required for all loan-linked financial transactions.
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Bank statements — the last six months, from your primary business account.
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Business proof — Shop Act licence, GST registration, or Udyam certificate.
From application to disbursal in four stages
Apply
Complete the online form with your business and identity details.
Submit Documents
Upload Aadhaar, PAN, bank statements and business proof.
Verification
Your partner bank reviews the application and confirms your tier.
Disbursal
Approved funds are credited directly to your linked account.
Know your monthly EMI before you apply
Move the sliders to model a loan amount, interest rate and tenure. This is an estimate — your partner bank confirms final terms at approval.
What you're actually signing up for
Every claim below is measured against the last twelve months of applications processed through our partner network.
Approval Rate
Across all four loan tiers for applicants who met the six eligibility checks.
Applicant Satisfaction
Rated the process "clear and fair" in post-disbursal surveys.
On-Time Disbursal
Loans credited within the 7–14 working day window we quote upfront.
Collateral Required
No property, guarantor or third-party security at any tier.
Starting Rate
Final pricing depends on tier, tenure and your partner bank's assessment.
Maximum Tenure
Flexible repayment structured around your business's cash flow.
Backed by India's leading banks
Businesses that grew from here
A sample of the entrepreneurs our partner banks have funded across loan tiers.
"A Shishu loan of ₹50,000 got my shop off the ground. Three years on, our annual turnover has crossed ₹15 lakhs."
"The Kishor tier gave me the capital to open a second outlet. Revenue has doubled since."
"An ₹8 lakh Tarun loan let me modernise the garage. We're handling three times the volume we used to."
"A ₹2 lakh loan financed our processing unit. We now supply more than fifty retail stores."
Questions we hear most often
What is the Pradhan Mantri Mudra Yojana (PMMY)?
PMMY is a Government of India scheme providing collateral-free loans of up to ₹10 lakhs to small businesses, delivered through banks, NBFCs and microfinance institutions.
What interest rate will I be offered?
Rates typically range from 8.5% to 18% p.a., set by your partner bank based on loan tier, tenure and credit profile.
Do I need to put up collateral?
No. All four loan tiers under PMMY are extended without collateral or a third-party guarantee.
How long does approval take?
Most complete applications are processed within 7–14 working days of document submission.
Can I apply if I already have an existing loan?
Yes, provided your repayment capacity and credit score meet your partner bank's requirements.
Start your application
Share your details below and a member of our team will call you within 24 hours to confirm your tier and next steps.