MUDRA Loan Eligibility Checker

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MUDRA Loan Eligibility Checker

Every big business starts with a small idea. If you have the passion and the plan but lack the funds, the Pradhan Mantri MUDRA Yojana (PMMY) could be the key to unlocking your entrepreneurial dream. This government scheme is designed to “fund the unfunded” by providing collateral-free loans of up to ₹10 lakh to small and micro-businesses.  

Whether you’re a shopkeeper, a vendor, an artisan, or a service provider, a MUDRA loan can help you start, grow, and thrive. Our simple eligibility checker helps you understand which MUDRA loan category fits your business needs, taking the guesswork out of your first big step.

FAQs

No. One of the biggest advantages of the MUDRA scheme is that the loans are collateral-free.

Any Indian citizen with a business plan for a non-farm, income-generating activity like manufacturing, processing, trading, or services can apply.

Generally, banks do not check your credit score before sanctioning a MUDRA loan, especially for the ‘Shishu’ category. However, having a good repayment history is always beneficial.

You can use a MUDRA loan for a variety of business purposes, including purchasing machinery, financing working capital, buying commercial transport vehicles, or expanding your business operations.

More Questions?

How Does This Eligibility Checker Work?
The MUDRA scheme is structured in three tiers based on your business stage and funding needs:
Shishu: For loans up to ₹50,000 (perfect for getting started).
Kishore: For loans from ₹50,001 to ₹5 lakh (ideal for expansion).
Tarun: For loans from ₹5,00,001 to ₹10 lakh (for established businesses ready to scale up).  
Just answer a few quick questions about your business and how much funding you need, and our tool will guide you to the right category.

Why Use Our MUDRA Checker?
Find the Right Fit: Instantly identify which loan category—Shishu, Kishore, or Tarun—is designed for you.
Demystify the Process: Understand the basic requirements before you approach a bank or lender.
Save Time and Effort: Get a clear direction in minutes, so you can focus on building your business plan.
Empower Your Dream: Take the confident first step towards securing the funding your business deserves.