Pradhan Mantri Mudra Yojana (PMMY)
Pradhan Mantri Mudra Yojana offers collateral-free loans to non-corporate, non-farm small and micro enterprises through banks and MFIs. Loans are given under three categories — Shishu, Kishor and Tarun — based on the funding need.
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Up to ₹10 lakh, split into Shishu (up to ₹50,000), Kishor (₹50,000–₹5 lakh) and Tarun (₹5–₹10 lakh).
No, Mudra loans are collateral-free, though approval depends on the lender's assessment of your business.