PM Mudra Yojana

byPaytm Editorial TeamOctober 1, 2025

Meaning

PM Mudra Yojana, or Pradhan Mantri Mudra Yojana, is a flagship scheme by the Government of India.

Overview and Objective

This initiative provides loans up to ₹10 lakh to non-corporate, non-farm small/micro-enterprises. Its primary objective is to fund the unfunded, fostering entrepreneurship and economic growth.

Loan Categories

Loans are broadly categorized into three products: Shishu (covering loans up to ₹50,000), Kishor (loans from ₹50,001 to ₹5 lakh), and Tarun (loans from ₹5,00,001 to ₹10 lakh).

Key Features and Benefits

Key benefits include collateral-free loans, easy application processes, and support for income-generating activities across various sectors, promoting self-employment opportunities nationwide.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.